The Heritage Palmeras Fund

Nonprofit profile at a glance

EIN
994299422
IRS 990-EZ coverage
2024–2025
Forms available
Form 990-EZ 2025
Location
Sun City, AZ, USA
Phone
4027600930
Rating
88
Verdict
STRONG
Rating confidence
Moderate

Reported finances

Revenue
$59,803
Expenses
$61,269
Assets
$1,911

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • Carole Alexander (President of the Resident Council)

People named in this filing

  • Carole Alexander (President of the Resident Council)
  • Lois Morrissey (VicePresident of the Resident Council)
  • Carol Sears (SecretaryTreasurer of the Resident Council)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Employee Appreciation Fund

What it reported doing in 2025

Employee Appreciation Fund. We collect donations from residents of our Senior Living apartments to provide Christmas gifts to the employees.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 27
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 99.9%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -2.5%; rating input score 38; 38th percentile among comparable filings
  • Total-asset coverage ratio: 0.03; rating input score 9; 9th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 6.8% per year; rating input score 100; 65th percentile among comparable filings
  • Revenue growth: 16.2% per year; rating input score 100; 87th percentile among comparable filings
  • Asset growth: -55.4% per year; rating input score 0; 3rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 99.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $61K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 7 of 7 current checks pass
  • Filing history: 2 filing years from 2024 to 2025
  • Contacts: How to reach this organization
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 38/100.
  • High — Sustainability: Total-asset coverage ratio scored 9/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.