SEPHARDIC MULTI SERVICE SENIOR CITIZENS CENTER INC

EIN: 112301220 501(c)(3) Human Services

Brooklyn, NY

Total Revenue
$1,014,801
Total Expenses
$1,014,801
Total Assets
$485,464
Net Assets
N/A
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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
1973
Legal Domicile
NY
Principal Officer
Maria Nigido
Phone
7183361300
Tax Period
2024-07-01 to 2025-06-30

SEPHARDIC MULTI SERVICE SENIOR CITIZENS CENTER INC, founded in 1973, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2024.

Mission

To provide social and recreational services as well as hot nutritious meals in a congregate setting to individuals who have attained either 65 years of age or 60 years and are disabled.

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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 (2024)

Revenue Breakdown

Contributions & Grants $992,721
Program Service Revenue $22,080
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,014,801

Expense Breakdown

Grants Paid $0
Salaries & Benefits $506,662
Fundraising Expenses $0
Program Expenses $876,530
Other Expenses $508,139
TOTAL EXPENSES $1,014,801

Year-over-Year Comparison

2024 2023 Change
Revenue $1,014,801 $1,042,230 0.0%
Expenses $1,014,801 $1,042,230 0.0%
Net Income $0 $0 N/A
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
12
Independent Members
12
Employees
14
Volunteers
15

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
4
$103,508
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Maria Nigido Executive Director 1
Officer
$103,508 $0 $103,508
Raymond Krumdieck President 1
Officer Director
$0 $0 $0
Rose Frenkeli Vice President 1
Officer Director
$0 $0 $0
Raymon L Colon ESQ Treasurer 1
Officer Director
$0 $0 $0
Marc Cutler Board member 1
Director
$0 $0 $0
Maria Guiliano Board member 1
Director
$0 $0 $0
Fannie Kleinworm Board member 1
Director
$0 $0 $0
Grigory Shapiro Board member 1
Director
$0 $0 $0
Mian Siddique MD Board member 1
Director
$0 $0 $0
Tung Yiu Board member 1
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 $1,014,801 $1,014,801 $485,464 No data
2024 $1,042,230 $1,042,230 $715,411 No data
2023 $1,156,168 $1,156,168 $1,124,036 No data
2022 $1,230,010 $1,230,010 $32,720 No data
2021 $954,812 $954,812 $24,067 No data
2020 $1,141,531 $1,141,531 $34,200 No data
2019 $1,164,412 $1,164,412 $64,812 No data
2018 $1,085,169 $1,085,169 $103,894 No data
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