SENIOR CITIZENS HOUSING COMMITTEE INC (EIN 112426215) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

WILLIAM DAVIDSON

Phone

6312620101

Tax Period

2024-01-01 to 2024-12-31

SENIOR CITIZENS HOUSING COMMITTEE INC, founded in 1971, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $648K, a strong 34% operating margin.

Mission

PLAN,DEVELOP,AND MANAGE SENIOR CITIZEN LOW INCOME HOUSING PROJECTS CONSISTING OF 362 UNITS AND FIVE PROJECTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,678

Program Service Revenue $350,000

Investment Income $600,002

Other Revenue $922,935

TOTAL REVENUE $1,880,615

Expense Breakdown

Grants Paid $0

Salaries & Benefits $920,473

Fundraising Expenses $0

Program Expenses $628,862

Other Expenses $312,548

TOTAL EXPENSES $1,233,021

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,880,615	$2,959,460	-0.4%
Expenses	$1,233,021	$1,124,127	+0.1%
Net Income	$647,594	$1,835,333	-0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$634,493

Total Directors

$634,493

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM DAVIDSON	PRESIDENT	50.00	Officer Director	$266,294	$0	$266,294
JUDY FARABAUGH	CONTROLLER	40.00	Highest	$157,466	$0	$232,666
LAWRENCE W CREGAN	VP OF LEGAL	40.00	Officer Director	$129,980	$0	$129,980
JEFFREY HARTMAN	VP OF ENGINE	30.00	Officer Director	$124,231	$0	$124,231
JANICE DALESSIO	VP OF MANAGE	25.00	Officer Director	$27,767	$0	$56,994
JOHN ZANFINO	VP OF FINANC	25.00	Officer Director	$0	$0	$56,994
JOHN FLANAGAN	DIRECTOR	1.00	Director	$0	$0	$0
VINCENT FRIGERIA III	CORPORATE SE	1.00	Officer Director	$0	$0	$0
CARL MILLS	DIRECTOR	1.00	Director	$0	$0	$0
FRANK TASSONE	DIRECTOR	1.00	Officer 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
2024	$1,880,615	$1,233,021	$16,351,431	$647,594
2023	$2,959,460	$1,124,127	$15,358,758	$1,835,333
2022	$1,592,393	$1,355,531	$15,036,130	$236,862
2021	$2,702,685	$1,513,485	$15,044,248	$1,189,200
2020	$2,425,232	$1,352,895	$13,350,029	$1,072,337
2019	$2,287,994	$1,660,836	$12,252,185	$627,158
2018	$2,316,269	$1,482,286	$11,060,801	$833,983

SENIOR CITIZENS HOUSING COMMITTEE INC