SHARE IX INC

EIN: 020569691 501(c)(3) Housing & Shelter

MEDFORD, NY

Total Revenue
$111,480
Total Expenses
$184,410
Total Assets
$1,055,312
Net Assets
$823,901
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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
2002
Legal Domicile
NY
Principal Officer
MATTHEW ARMANDI
Phone
6317580474
Tax Period
2025-01-01 to 2025-12-31

SHARE IX INC, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $111K in total revenue in fiscal year 2025. Expenses of $184K exceeded revenue, resulting in a 65% operating deficit.

Mission

COMMUNITY RESIDENCE PROGRAM WHICH ESTABLISHES, OPERATES, AND MAINTAINS RESIDENCES FOR PERSONS WITH PSYCHIATRIC DISABILITIES.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $60,508
Program Service Revenue $50,926
Investment Income $45
Other Revenue $1
TOTAL REVENUE $111,480

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $133,571
Other Expenses $184,410
TOTAL EXPENSES $184,410

Year-over-Year Comparison

2025 2024 Change
Revenue $111,480 $106,209 +0.0%
Expenses $184,410 $169,487 +0.1%
Net Income $-72,930 $-63,278 +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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
1

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
$1,196,042
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA PIAZZA MD DIRECTOR 0.20
Director
$0 $0 $0
KRISTIE GOLDEN DIRECTOR 0.20
Director
$0 $0 $0
CAROL PERES DIRECTOR 0.20
Director
$0 $0 $0
ROBERT DETOR DIRECTOR 0.20
Director
$0 $0 $0
TIM SMITH DIRECTOR 0.20
Director
$0 $0 $0
STEPHON HOLLMAN DIRECTOR 0.20
Director
$0 $0 $0
SAMUEL MILLER DIRECTOR 0.20
Director
$0 $0 $0
RALPH FASANO EXECUTIVE DIRECTOR 0.20
Officer
$0 $68,641 $519,852
ELIZABETH LUNDE CHIEF OPERATING OFFICER 0.20
Officer
$0 $63,725 $361,658
MATTHEW ARMANDI CHIEF FINANCIAL OFFICER 0.50
Officer
$0 $34,804 $314,532
JAMES MUTTON DIRECTOR OF NYC OPERATIONS 0.50
Highest
$0 $33,023 $193,298
ELIZABETH WEINBAUM ASSOCIATE ED OF QUALITY ASSURANCE 0.50
Highest
$0 $48,317 $223,248
ROBIN SMITH DIRECTOR OF LI PROGRAM OPERATIONS 0.50
Highest
$0 $46,332 $206,802
SANDRA CARRASQUILLO ASSOCIATE ED OF HR 0.50
Highest
$0 $47,592 $208,780
STEVEN ALPERT DIRECTOR OF PROPERTY MANAGEMENT 0.50
Highest
$0 $58,992 $219,585
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 $111,480 $184,410 $1,055,312 $-72,930
2024 $106,209 $169,487 $1,101,013 $-63,278
2023 $80,338 $163,915 $1,101,447 $-83,577
2022 $95,262 $153,557 $1,131,192 $-58,295
2021 $112,285 $149,224 $1,168,996 $-36,939
2020 $105,605 $129,395 $1,210,013 $-23,790
2019 $101,528 $135,361 $1,231,733 $-33,833
2018 $93,980 $128,012 $1,256,426 $-34,032
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