NEWBURGH SENIORS' HOUSING CORPORATION- PERSISTENCE (EIN 010403876) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1987

Legal Domicile

Principal Officer

DUSKA HAYMAN

Phone

2078664634

Tax Period

2023-07-01 to 2024-06-30

NEWBURGH SENIORS' HOUSING CORPORATION- PERSISTENCE, founded in 1987, is a small nonprofit in the Housing & Shelter sector that reported $290K in total revenue in fiscal year 2023. The organization ran a surplus of $56K, a strong 19% operating margin.

Mission

HUD 223(F) LOW-INCOME HOUSING

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $287,934

Investment Income $674

Other Revenue $1,167

TOTAL REVENUE $289,775

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,652

Fundraising Expenses $0

Program Expenses $233,714

Other Expenses $212,062

TOTAL EXPENSES $233,714

Year-over-Year Comparison

	2023	2022	Change
Revenue	$289,775	$274,259	+0.1%
Expenses	$233,714	$256,713	-0.1%
Net Income	$56,061	$17,546	+2.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$3,355

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MCCORMACK	PRESIDENT	0.50	Officer Director	$0	$0	$0
LYNNE SPOONER	TREASURER	0.50	Officer Director	$0	$0	$0
PATTY KENNY	SECRETARY	0.50	Officer Director	$0	$0	$0
ELIZABETH BICKNELL	VICE-PRESIDENT	0.50	Officer Director	$0	$0	$0
JUDY WHITNEY	DIRECTOR	0.50	Director	$0	$0	$0
KERRY SACK	DIRECTOR	0.50	Director	$0	$0	$0
DICK ROLLINS	DIRECTOR	0.50	Director	$0	$0	$0
DAN BURKE	DIRECTOR	0.50	Director	$0	$0	$0
JUDY WALKER	DIRECTOR	0.50	Director	$0	$0	$0
DUSKA HAYMAN	EXECUTIVE DIRECTOR	1.00	Officer	$3,355	$0	$3,355

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$289,775	$233,714	$1,122,918	$56,061
2023	$274,259	$256,713	$1,099,391	$17,546
2022	$249,273	$241,024	$1,110,462	$8,249
2021	$255,366	$220,710	$1,135,654	$34,656

NEWBURGH SENIORS' HOUSING CORPORATION- PERSISTENCE