MARIEN-HEIM TOWER

EIN: 112355029 501(c)(3)

BROOKLYN, NY

Total Revenue
$2,662,006
Total Expenses
$302,146
Total Assets
$40,328,526
Net Assets
$40,210,508
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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
1972
Legal Domicile
NY
Principal Officer
JOSEPH WINDELS
Phone
7186308201
Tax Period
2024-04-01 to 2025-03-31

MARIEN-HEIM TOWER, founded in 1972, is a community nonprofit that reported $2.7M in total revenue in fiscal year 2024. The organization ran a surplus of $2.4M, a strong 89% operating margin.

Mission

NONE

Program Service Accomplishments

Program 1
Expenses: $263,171 Revenue: $2,392,750

MARIEN-HEIM TOWER IS THE EXCLUSIVE MANAGING AGENT FOR A 182 HOUSING UNIT FOR THE ELDERLY IN BROOKLYN, NY, PURSUANT TO SECTION 236 OF THE NATIONAL HOUSING ACT, AND REGULATED BY THE U.S. DEPARTMENT OF...

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MARIEN-HEIM TOWER IS THE EXCLUSIVE MANAGING AGENT FOR A 182 HOUSING UNIT FOR THE ELDERLY IN BROOKLYN, NY, PURSUANT TO SECTION 236 OF THE NATIONAL HOUSING ACT, AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS.

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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 $107,375
Program Service Revenue $2,365,586
Investment Income $161,881
Other Revenue $27,164
TOTAL REVENUE $2,662,006

Expense Breakdown

Grants Paid $0
Salaries & Benefits $246,290
Fundraising Expenses $0
Program Expenses $263,171
Other Expenses $55,856
TOTAL EXPENSES $302,146

Year-over-Year Comparison

2024 2023 Change
Revenue $2,662,006 $2,505,613 +0.1%
Expenses $302,146 $257,671 +0.2%
Net Income $2,359,860 $2,247,942 +0.0%
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
10
Independent Members
10
Employees
8
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
3
$4,543
Total Directors
10
$4,543
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT J WALSH BOARD MEMBER 1.00
Director
$0 $0 $0
BONNIE KLIMA OLSEN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
BEATRICE DESAPIO SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
NANCY TUTOLO BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES FASOLINO BOARD MEMBER 1.00
Director
$0 $0 $0
FLORA SCHUSTER BOARD MEMBER 1.00
Director
$0 $0 $0
PATRICIA RUIZ BOARD MEMBER 1.00
Director
$0 $0 $0
DEACON CHRISTOPHER WAGNER BOARD MEMBER 1.00
Director
$0 $0 $0
JOSEPH WINDELS PRESIDENT 1.00
Officer Director
$4,543 $0 $4,543
STEPHANIE N TOCCI BOARD MEMBER 1.00
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 $2,662,006 $302,146 $40,328,526 $2,359,860
2024 $2,505,613 $257,671 $37,949,689 $2,247,942
2023 $2,334,467 $271,827 $35,676,829 $2,062,640
2022 $2,064,795 $242,087 $33,587,103 $1,822,708
2021 $1,958,959 $219,849 $31,752,147 $1,739,110
2020 $1,955,240 $205,546 $30,008,633 $1,749,694
2019 $2,211,559 $212,021 $28,259,582 $1,999,538
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