ISRAEL SENIOR CITIZENS HOUSING DEV… - 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

1964

Legal Domicile

Principal Officer

KATHRYN HASLANGER

Phone

2122735200

Tax Period

2022-07-01 to 2023-06-30

ISRAEL SENIOR CITIZENS HOUSING DEVELOPMENT FUND CORPORATION, founded in 1964, is a mid-sized nonprofit in the Housing & Shelter sector that reported $11.4M in total revenue in fiscal year 2022. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.0M, a strong 17% operating margin.

Mission

AS PART OF THE JASA'S COMPREHENSIVE NETWORK OF SERVICES FOR THE OLDER ADULTS, ISRAEL SENIOR CITIZENS HOUSING DEVELOPMENT FUND CORPORATION PROVIDES AFFORDABLE HOUSING AND SOCIAL SERVICES TO LOW INCOME OLDER ADULTS LIVING INDEPENDENTLY.

Program Service Accomplishments

Program 1

Expenses: $7,954,148 Revenue: $11,193,448

THE CORPORATION PROVIDES AFFORDABLE HOUSING AND AUXILIARY FACILITIES FOR OLDER ADULTS OF LOW INCOME. THE PROJECT CONSISTS OF 512 UNITS LOCATED IN QUEENS, NEW YORK. IN ADDITION, THE ORGANIZATION...

THE CORPORATION PROVIDES AFFORDABLE HOUSING AND AUXILIARY FACILITIES FOR OLDER ADULTS OF LOW INCOME. THE PROJECT CONSISTS OF 512 UNITS LOCATED IN QUEENS, NEW YORK. IN ADDITION, THE ORGANIZATION PROVIDES AN ON-SITE SERVICE COORDINATOR TO PROMOTE WELLNESS ACTIVITIES AND TO SUPPORT RESIDENTS LIVING INDEPENDENTLY IN THE COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $89,267

Program Service Revenue $10,893,319

Investment Income $102,830

Other Revenue $300,129

TOTAL REVENUE $11,385,545

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,893,219

Fundraising Expenses $0

Program Expenses $7,954,148

Other Expenses $7,512,702

TOTAL EXPENSES $9,405,921

Year-over-Year Comparison

	2022	2021	Change
Revenue	$11,385,545	$10,489,229	+0.1%
Expenses	$9,405,921	$7,717,693	+0.2%
Net Income	$1,979,624	$2,771,536	-0.3%

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

Volunteers

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

$954,238

Total Directors

$533,398

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN COHEN	BOARD MEMBER	1.00	Director	$0	$27,530	$239,640
DONALD MANNING	VP/ASST. TREASURER, ASST.	1.00	Officer Director	$0	$13,961	$293,758
MARTIN SIROKA	PRESIDENT	1.00	Officer Director	$0	$0	$0
KATHRYN HASLANGER	CEO	1.00	Officer	$0	$64,578	$474,411
MATTHEW LOCURTO	CFO	1.00	Officer	$0	$23,799	$186,069

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	No data	No data	No data	No data
2023	$11,385,545	$9,405,921	$59,654,700	$1,979,624
2022	$10,489,229	$7,717,693	$58,876,904	$2,771,536
2021	$8,736,330	$28,393,926	$56,551,856	$-19,657,596
2020	$5,503,787	$5,959,181	$12,881,193	$-455,394
2019	$5,185,797	$5,819,168	$13,290,691	$-633,371

ISRAEL SENIOR CITIZENS HOUSING DEVELOPMENT FUND CORPORATION