SENIOR HOUSING AT MAHOPAC HILLS HO… - 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

RICHARD WEISS

Phone

8452258493

Tax Period

2025-01-01 to 2025-12-31

SENIOR HOUSING AT MAHOPAC HILLS HOUSING DEVELOPMENT FUND CORP, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $535K in total revenue in fiscal year 2025. Expenses of $738K exceeded revenue, resulting in a 38% operating deficit.

Mission

TO DEVELOP AND OPERATE A HOUSING PROJECT FOR ELDERLY PERSONS OF LOW INCOME IN THE TOWN OF CARMEL, NEW YORK

Program Service Accomplishments

Program 1

Expenses: $539,689 Revenue: $297,930

OPERATION OF HOUSING UNITS LOCATED IN MAHOPAC, NEW YORK FOR LOW INCOME ELDERLY CITIZENS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $234,048

Program Service Revenue $297,930

Investment Income $568

Other Revenue $2,807

TOTAL REVENUE $535,353

Expense Breakdown

Grants Paid $0

Salaries & Benefits $194,009

Fundraising Expenses $0

Program Expenses $539,689

Other Expenses $544,454

TOTAL EXPENSES $738,463

Year-over-Year Comparison

	2025	2024	Change
Revenue	$535,353	$501,222	+0.1%
Expenses	$738,463	$688,552	+0.1%
Net Income	$-203,110	$-187,330	+0.1%

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
JOEL GREENBERG	PRESIDENT	0.25	Officer Director	$0	$0	$0
CONSTANCE FAGAN	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
MARGORIE SCHNEIDER	SECRETARY	0.25	Officer Director	$0	$0	$0
RICHARD WEISS	TREASURER	0.25	Officer Director	$0	$0	$0
DEACON JOHN SCARFI	DIRECTOR	0.25	Director	$0	$0	$0
CHRISTIAN RUSSO	DIRECTOR	0.25	Director	$0	$0	$0
RABBI SARAH FREIDSON	DIRECTOR	0.25	Director	$0	$0	$0
EDWARD SCHAFFER	DIRECTOR	0.25	Director	$0	$0	$0
SAM OLIVERIO	DIRECTOR	0.25	Director	$0	$0	$0
BARBARA SCUCCIMARRA	DIRECTOR	0.25	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
2025	$535,353	$738,463	$5,273,728	$-203,110
2024	No data	No data	No data	No data
2023	$851,073	$688,419	$5,656,595	$162,654
2022	$451,305	$645,840	$5,501,116	$-194,535
2021	$651,368	$606,124	$5,680,256	$45,244
2020	$654,956	$592,442	$5,822,822	$62,514
2019	$640,313	$643,716	$5,948,260	$-3,403
2018	$635,324	$627,967	$6,144,813	$7,357

SENIOR HOUSING AT MAHOPAC HILLS HOUSING DEVELOPMENT FUND CORP