NORTH SHORE UNIVERSITY HOSPITAL HOUSING INC

EIN: 112171903

WESTBURY, NY

Total Revenue
$1,797,765
Total Expenses
$2,366,863
Total Assets
$2,274,101
Net Assets
$1,002,828
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Legal Domicile
NY
Principal Officer
MICHAEL J DOWLING
Phone
5163216058
Tax Period
2023-01-01 to 2023-12-31

NORTH SHORE UNIVERSITY HOSPITAL HOUSING INC, founded in 1970, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $2.4M exceeded revenue, resulting in a 32% operating deficit.

Mission

PROVIDE HOUSING FOR STAFF MEMBERS, RESIDENTS AND EMPLOYEES OF NORTH SHORE UNIVERSITY HOSPITAL

Program Service Accomplishments

Program 1
Expenses: $2,253,690 Revenue: $1,792,243

NORTH SHORE UNIVERSITY HOSPITAL HOUSING OPERATES AND MAINTAINS AN APARTMENT COMPLEX THAT PROVIDES HOUSING AND AUXILIARY FACILITIES FOR STAFF MEMBERS, STUDENTS AND EMPLOYEES OF THE HOSPITAL

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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 (2023)

Revenue Breakdown

Contributions & Grants $5,522
Program Service Revenue $1,792,243
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,797,765

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,253,690
Other Expenses $2,366,863
TOTAL EXPENSES $2,366,863

Year-over-Year Comparison

2023 2022 Change
Revenue $1,797,765 $2,125,306 -0.2%
Expenses $2,366,863 $2,898,187 -0.2%
Net Income $-569,098 $-772,881 -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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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
N/A
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
11
$24,213,016
Total Directors
7
$20,325,065
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL DOWLING President & CEO 0.0
Officer Director
$0 $70,612 $9,042,544
MARK SOLAZZO Chairman 0.0
Officer Director
$0 $63,855 $3,710,066
MICHELE CUSACK EVP, CFO & Treasurer 0.0
Officer Director
$0 $78,507 $1,696,458
JOSEPH MOSCOLA EVP, Enterprise Management 0.0
Officer Director
$0 $50,769 $1,651,192
EUGENE TANGNEY SVP, Chf Bus Cont & Crisis Mgm 0.0
Officer Director
$0 $78,507 $1,451,043
RICHARD MILLER EVP & Chief Business Strategy 0.0
Officer Director
$0 $63,119 $1,401,009
LAURENCE KRAEMER EVP, Chf Gen Counsel & Asst Se 0.0
Officer Director
$0 $69,888 $1,372,753
DONNA DRUMMOND SVP & Chief Expense Officer 0.0
Officer
$0 $63,119 $1,217,650
KONSTANTINE COSTALAS SVP, Managed Care 0.0
Officer
$0 $78,507 $1,177,868
MARK GLOADE SVP, Deputy Gen Coun & Asst Se 0.0
Officer
$0 $78,507 $1,022,226
HARRY GINDI Assistant Secretary 0.0
Officer
$0 $64,637 $470,207
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 $1,797,765 $2,366,863 $2,274,101 $-569,098
2022 $2,125,306 $2,898,187 $2,857,397 $-772,881
2021 $2,192,377 $2,075,495 $3,190,061 $116,882
2020 $2,166,815 $2,128,358 $3,409,121 $38,457
2019 $2,061,014 $2,038,347 $3,344,231 $22,667
2018 $1,968,287 $1,973,268 $3,284,157 $-4,981
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