Civic Intelligence

The Salvation Army Residence Inc

EIN 59-1737149 • 501(c)3 • Brookhaven, GA

Profile

Provide affordable housing for the elderly, handicapped and disabled

1424 NE ExpresswayBrookhaven, GA 30329

www.uss.salvationarmy.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

1.19x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

1.95x

Higher debt load relative to revenue than 91% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

23rd percentile

-6.6%

Higher net margin than 23% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

87th percentile

$289,295

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 9.0% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

15th percentile

-7.7%

Faster asset growth than 15% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

29th percentile

-3.4%

Faster revenue growth than 29% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$5,217,792

Down $436,374 (-7.7%) from 2023

Liabilities

Down

$6,230,362

Down $224,753 (-3.5%) from 2023

Net Assets

Down

-$1,012,570

Down $211,621 (-26%) from 2023

Revenue

Down

$3,200,733

Down $111,325 (-3.4%) from 2023

Expenses

Down

$3,412,354

Down $249,334 (-6.8%) from 2023

Net Income

Up

-$211,621

Up $138,009 (+39%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0MAssets 2010: $5,477,498Liabilities 2010: $8,832,696Net Assets 2010: -$3,355,1982010Assets 2011: $5,134,831Liabilities 2011: $7,826,257Net Assets 2011: -$2,691,4262011Assets 2012: $4,998,058Liabilities 2012: $6,853,541Net Assets 2012: -$1,855,4832012Assets 2013: $4,667,300Liabilities 2013: $5,864,652Net Assets 2013: -$1,197,3522013Assets 2014: $4,419,873Liabilities 2014: $4,897,126Net Assets 2014: -$477,2532014Assets 2015: $4,133,282Liabilities 2015: $3,887,893Net Assets 2015: $245,3892015Assets 2016: $4,043,493Liabilities 2016: $2,896,869Net Assets 2016: $1,146,6242016Assets 2017: $7,799,886Liabilities 2017: $7,347,653Net Assets 2017: $452,2332017Assets 2018: $6,166,759Liabilities 2018: $5,938,259Net Assets 2018: $228,5002018Assets 2019: $5,620,881Liabilities 2019: $5,819,747Net Assets 2019: -$198,8662019Assets 2020: $5,273,308Liabilities 2020: $5,783,743Net Assets 2020: -$510,4352020Assets 2021: $4,924,931Liabilities 2021: $5,712,356Net Assets 2021: -$787,4252021Assets 2022: $5,301,529Liabilities 2022: $5,752,848Net Assets 2022: -$451,3192022Assets 2023: $5,654,166Liabilities 2023: $6,455,115Net Assets 2023: -$800,9492023Assets 2024: $5,217,792Liabilities 2024: $6,230,362Net Assets 2024: -$1,012,5702024

Highlighted filing

2024

Assets$5,217,792
Liabilities$6,230,362
Net Assets-$1,012,570

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $3,717,3932010Expenses 2011: $3,651,9402011Expenses 2012: $3,556,1182012Revenue 2013: $4,261,707Expenses 2013: $3,603,576Net Income 2013: $658,1312013Revenue 2014: $4,351,908Expenses 2014: $3,631,809Net Income 2014: $720,0992014Revenue 2015: $4,435,300Expenses 2015: $3,767,827Net Income 2015: $667,4732015Revenue 2016: $4,581,884Expenses 2016: $3,680,649Net Income 2016: $901,2352016Revenue 2017: $3,458,040Expenses 2017: $4,152,431Net Income 2017: -$694,3912017Revenue 2018: $1,975,271Expenses 2018: $2,199,004Net Income 2018: -$223,7332018Revenue 2019: $2,031,828Expenses 2019: $2,459,194Net Income 2019: -$427,3662019Revenue 2020: $2,099,194Expenses 2020: $2,410,763Net Income 2020: -$311,5692020Revenue 2021: $2,140,484Expenses 2021: $2,417,474Net Income 2021: -$276,9902021Revenue 2022: $3,028,649Expenses 2022: $2,692,543Net Income 2022: $336,1062022Revenue 2023: $3,312,058Expenses 2023: $3,661,688Net Income 2023: -$349,6302023Revenue 2024: $3,200,733Expenses 2024: $3,412,354Net Income 2024: -$211,6212024

Highlighted filing

2024

Revenue$3,200,733
Expenses$3,412,354
Net Income-$211,621

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.22$6.23$1.01$3.20$3.41$0.21
2023Detailed filing. Detailed filing data is available for this year.$5.65$6.46$0.80$3.31$3.66$0.35
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.30$5.75$0.45$3.03$2.69$0.34
2021Detailed filing. Detailed filing data is available for this year.$4.92$5.71$0.79$2.14$2.42$0.28
2020Detailed filing. Detailed filing data is available for this year.$5.27$5.78$0.51$2.10$2.41$0.31
2019Detailed filing. Detailed filing data is available for this year.$5.62$5.82$0.20$2.03$2.46$0.43
2018Detailed filing. Detailed filing data is available for this year.$6.17$5.94$0.23$1.98$2.20$0.22
2017Detailed filing. Detailed filing data is available for this year.$7.80$7.35$0.45$3.46$4.15$0.69
2016Detailed filing. Detailed filing data is available for this year.$4.04$2.90$1.15$4.58$3.68$0.90
2015Summary only. Only limited summary data is available for this year.$4.13$3.89$0.25$4.44$3.77$0.67
2014Summary only. Only limited summary data is available for this year.$4.42$4.90$0.48$4.35$3.63$0.72
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.67$5.86$1.20$4.26$3.60$0.66
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.00$6.85$1.86$3.56
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.13$7.83$2.69$3.65
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.48$8.83$3.36$3.72
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Aug 11, 2025
Return Version
2023v6.0
Gross Receipts
$3,200,733
Mission and Program Overview

Mission

Provide affordable housing for the elderly, handicapped and disabled

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,919,911$2,747,300▼ $172,611
Cash and Non-Interest-Bearing Accounts$675,165$399,604▼ $275,561
Prepaid Expenses and Deferred Charges$11,163$170,776▲ $159,613
Accounts Receivable$60,174$42,686▼ $17,488
Total Assets$5,654,166$5,217,792▼ $436,374
Other Assets Total$1,987,753$1,857,426▼ $130,327
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,386,009$5,296,550▼ $89,459
Other Liabilities$983,616$830,108▼ $153,508
Accounts Payable and Accrued Expenses$75,005$103,702▲ $28,697
Deferred Revenue$10,485$2▼ $10,483
Total Liabilities$6,455,115$6,230,362▼ $224,753
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-800,949$-1,012,570▼ $211,621
Total Net Assets Fund Balance$-800,949$-1,012,570▼ $211,621
Total Liabilities and Net Assets / Fund Balance$5,654,166$5,217,792▼ $436,374

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,516,570$6,669,679$8,186,249
Equipment$981,937$2,024,207$3,006,144
Land$248,793-$248,793
Other Assets Org$833,067--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Janice RieferDirector$111,416$111,416
Philip SwyersDirector/assistant Treasur$105,005$105,005
Kelly IgleheartDirector/president$102,325$102,325
Gregory DavisDirector$86,580$86,580
Michelle WilsonDirector$78,914$78,914
Bobby JacksonDirector$75,862$75,862
Leon FerraezDirector/secretary$64,553$64,553

Board Members and Trustees

NameTitle
Deborah SedlarDirector/vice President
Mark IsraelDirector
James SeilerDirector/treasurer
Anthony JulianaFormer Director
David EricksonFormer Director
Kenneth LuykFormer Director
Roy JohnsonFormer Director
Stephen MorrisFormer Director
William MockabeeFormer Director
Willis HowellFormer Director/former Pre
Charles PowellFormer Director/former Sec
Lee AuvenshineSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$2,032,159
Program Service Revenue
$1,160,960
Investment Income
$7,614
Other Revenue
$0
Change in Net Assets
$-211,621

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,200,733
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,200,733
Total Revenue per Form 990
$3,200,733
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,412,354
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$458,298--$458,298
Occupancy$401,063--$401,063
Interest$274,310--$274,310
Fees for Services Other$222,993--$222,993
Fees for Services Management-$144,739-$144,739
Office Expenses$51,141--$51,141
Other Expenses$23,083$163,100-$23,083
Fees for Services Accounting-$10,800-$10,800
All Other Expenses$8,823--$8,823
Information Technology$8,276--$8,276
Insurance$2,955--$2,955
Conferences and Meetings$2,769--$2,769
Total Functional Expenses$3,093,715$318,639$0$3,412,354

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,412,354
Total Expenses per Audited Statements$3,412,354
Total Expenses per Form 990$3,412,354
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$830,108
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The salvation army residences inc. Receives certain management services performed by the salvation army, a georgia corp. Which has provided these services for multifamily housing hud held properties since 1976, having received authorization from the us dept. Of housing and urban development through the omb approval process. The project is operated and supervised in accordance with hud regulations and written policies of the salvation army. Services provided include legal, internal audit, and management and supervisor oversight and training.

Form 990, Part VI, Section B, Line 11B

Final return is reviewed by officers of the corporation.

Form 990, Part VI, Section B, Line 12C

The code of conduct and conflict of interest policy (the "policy") adopted by the salvation army provides that all officers (ministers) must receive a copy of the policy, which advises that failure to comply with the policy will result in discipline, up to and including termination. Lay employees of the salvation army must sign a statement acknowledging receipt of, and agreeing to comply with, the policy as it appears in the employee manual. Any failure by an employee to comply with the policy will result in discipline, up to and including termination.

Form 990, Part VI, Section B, Line 15

The officers and directors of the salvation army residences , inc. Consist of officers in the salvation army, georgia corp., a related organization. They received no compensation from the salvation army residences, inc. All compensation received is from the salvation army and consists of an allowance determined based upon years of service and scope of responsibility. It is reviewed and approved by national and international headquarters and is consistently employed across the u.s. Compensation of key lay personnel is based on comparability data.

Form 990, Part VI, Section C, Line 19

Requests for the annual report, the organizational documents and the conflict of interest policy and code of conduct may be sent to the salvation army at 1424 northeast expressway n. E., brookhaven, ga 30329.

FORM 990, PART VII, SECTION A, REPORTABLE COMPENSATION:

Individuals who are active officers with the salvation army receive retirement housing, furnishings & automobile grants to aid them in purchasing these thinges for retirement as these items have been provided by the salvation army during their years of active service. These grants are one-time, lump sum payments given out one to two years prior to retirement and are included in the officers ordinary income which is reflected in the "reportable compensation from related organizations".

FORM 990, PART VII, SECTION A, ESTIMATED AMOUNT OF OTHER COMPENSATION:

Housing allowances reported in the "other compensation" section of part vii reflect the fair market rental value of the residence provided plus the costs of utilities paid by the salvation army. Active duty officers are required to use the residences owned and provided by the salvation army.

Filing and Contact Details

Filer

Filer Name
The Salvation Army Residence Inc
EIN
59-1737149
Phone
4047281300
Address
1424 NE EXPRESSWAY, BROOKHAVEN, GA 30329
Doing Business As
William Booth Towers

Signing Officer

Name
Roland Cox
Title
Assistant Treasurer
Phone
4047281300
Signed
2025-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Roland Cox
Formed
1976
Legal Domicile
Fl
Voting Board Members
18
Independent Board Members
0
Employees
0
Volunteers
240

Preparer

Firm
Cohnreznick Advisory LLC
Address
3560 LENOX ROAD NE SUITE 2900, ATLANTA, GA 30326
Preparer
Andrew P Smith
Phone
4048479447
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The organization's processes for oversight of the audit of its financial statements and selection of an independent accountant have not changed from the previous year.

Financial Statement Notes

PART X, LINE 2:

The salvation army residences, inc., a florida corporation, is an organization exempt from income taxation under section 501(a) as an entity described in section 501(c)(3) of the internal revenue code of 1986, as amended. Accordingly, no provision for federal income taxes is included in the accompanying financial statements. The corporation files required federal and state information returns. Federal returns for tax years since 2021 remain open for examination by the internal revenue service.

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