MARIEN-HEIM TOWER (EIN 112355029) - Form 990 Financial Analysis & Trantor Score

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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

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

MARIEN-HEIM TOWER ("MHT") WAS A SENIOR CITIZEN HOUSING PROJECT SUBSIDIZED BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. IN NOVEMBER 2014, MHT ENTERED INTO A CONTRACT OF SALE AND NOMINEE AGREEMENT WITH AN AFFILIATE FOR THE SALE OF ITS BENEFICIAL INTEREST IN THE PROPERTY. MHT RETAINS LEGAL TITLE TO THE BUILDING SOLELY AS A NOMINEE ON BEHALF OF ITS AFFILIATE. MHT ALSO ENTERED INTO AN AGREEMENT TO BE EXCLUSIVE AGENT FOR THE MANAGEMENT OF THE PREMISES.

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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 (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

Governance

Voting Members

Independent Members

Employees

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

$4,543

Total Directors

$4,543

Key Employees

Highest Compensated

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

MARIEN-HEIM TOWER