Belle Harbor Home of The Sages Inc (EIN 112447770) - 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

1977

Legal Domicile

Principal Officer

Icek Cywiak

Phone

7189456600

Tax Period

2024-01-01 to 2024-12-31

Belle Harbor Home of The Sages Inc, founded in 1977, is a community nonprofit in the Housing & Shelter sector that reported $2.2M in total revenue in fiscal year 2024. Expenses of $3.0M exceeded revenue, resulting in a 39% operating deficit.

Mission

Voluntary Domiciliary Care

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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 $0

Program Service Revenue $2,158,219

Investment Income $34,735

Other Revenue $0

TOTAL REVENUE $2,192,954

Expense Breakdown

Grants Paid $33,000

Salaries & Benefits $1,093,213

Fundraising Expenses $0

Program Expenses $2,836,082

Other Expenses $1,923,432

TOTAL EXPENSES $3,049,645

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,192,954	$2,184,750	+0.0%
Expenses	$3,049,645	$3,509,750	-0.1%
Net Income	$-856,691	$-1,325,000	-0.4%

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

N/A

Independent Members

N/A

Employees

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Icek Cywiak	President	N/A	Officer Director	$0	$0	$0
Eliezer Grossman	Director	N/A	Director	$0	$0	$0
Marvin Hellman	Director	N/A	Officer Director	$0	$0	$0
Alla Zats	Director	N/A	Director	$0	$0	$0
Nechemia Schorr	Director	N/A	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	$2,192,954	$3,049,645	$4,567,997	$-856,691
2023	$2,184,750	$3,509,750	$4,497,378	$-1,325,000
2022	$2,263,113	$2,431,481	$5,818,209	$-168,368
2021	$3,048,599	$2,977,706	$6,288,761	$70,893
2020	$2,176,222	$2,850,828	$6,805,285	$-674,606

Belle Harbor Home of The Sages Inc