NCCNEUMANN SENIOR HOUSING CORPORAT… - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

THEODORE ROBB

Phone

2159251865

Tax Period

2023-01-01 to 2023-12-31

NCCNEUMANN SENIOR HOUSING CORPORATION, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $961K in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 29% operating deficit.

Mission

TO PROVIDE HOUSING FOR LOW INCOME SENIOR CITIZENS.

Program Service Accomplishments

Program 1

Expenses: $1,176,174 Revenue: $309,930

THE ORGANIZATION ENGAGES IN THE OPERATION, MAINTENANCE, AND SUPPORT OF A 70 UNIT AFFORDABLE HOUSING APARTMENT BUILDING. THE CORPORATION WAS FORMED TO PROVIDE ELDERLY PERSONS WITH LOW INCOME HOUSING FACILTIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS.

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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 $643,470

Program Service Revenue $309,930

Investment Income $92

Other Revenue $7,989

TOTAL REVENUE $961,481

Expense Breakdown

Grants Paid $0

Salaries & Benefits $259,386

Fundraising Expenses $0

Program Expenses $1,176,174

Other Expenses $977,078

TOTAL EXPENSES $1,236,464

Year-over-Year Comparison

	2023	2022	Change
Revenue	$961,481	$932,423	+0.0%
Expenses	$1,236,464	$1,158,107	+0.1%
Net Income	$-274,983	$-225,684	+0.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GARY ICKOWICZ	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHERINE E LEVINS	BOARD MEMBER	1.00	Director	$0	$0	$0
THEODORE ROBB	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARIE LEDERER	BOARD MEMBER	1.00	Director	$0	$0	$0
KIMBERLY LLOYD	BOARD MEMBER	1.00	Director	$0	$0	$0
PHILIP PRICE	BOARD MEMBER	1.00	Director	$0	$0	$0

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
2024	No data	No data	No data	No data
2023	$961,481	$1,236,464	$8,632,634	$-274,983
2022	$932,423	$1,158,107	$8,787,780	$-225,684
2021	$929,554	$1,068,844	$9,012,589	$-139,290
2020	$870,414	$1,040,301	$9,126,248	$-169,887
2019	$817,790	$1,028,293	$9,300,145	$-210,503
2018	$850,089	$1,037,178	$9,513,694	$-187,089

NCCNEUMANN SENIOR HOUSING CORPORATION