ST JOSEPH'S VILLAGE FOR SENIOR CITIZEN HOUSING DEVELOPMENT FUND CO INC (EIN 112500567) - 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

1980

Legal Domicile

Principal Officer

RICHARD BALCOM

Phone

5167337032

Tax Period

2023-10-01 to 2024-09-30

ST JOSEPH'S VILLAGE FOR SENIOR CITIZEN HOUSING DEVELOPMENT FUND CO INC, founded in 1980, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.7M, a strong 52% operating margin.

Mission

THE ORGANIZATION OWNS & OPERATES A HUD MULTIFAMILY PROJECT FOR THE ELDERLY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $4,298,638

Investment Income $832,995

Other Revenue $23,494

TOTAL REVENUE $5,155,127

Expense Breakdown

Grants Paid $0

Salaries & Benefits $357,012

Fundraising Expenses $0

Program Expenses $2,035,355

Other Expenses $2,113,153

TOTAL EXPENSES $2,470,165

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,155,127	$4,483,894	+0.1%
Expenses	$2,470,165	$2,375,673	+0.0%
Net Income	$2,684,962	$2,108,221	+0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL SMITH	PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD BALCOM	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT J AHLSTROM JR	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM G CHAPIN	TRUSTEE	1.00	Director	$0	$0	$0
MARYANNE FITZGERALD	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN PIETROWSKI	TRUSTEE	1.00	Director	$0	$0	$0
GARY CREGAN	TRUSTEE	1.00	Director	$0	$0	$0
JESUS VALDES	TRUSTEE	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
2024	$5,155,127	$2,470,165	$19,675,693	$2,684,962
2023	$4,483,894	$2,375,673	$16,984,404	$2,108,221
2022	$4,006,852	$2,087,501	$14,793,419	$1,919,351
2021	$3,792,811	$10,198,261	$12,899,976	$-6,405,450
2020	$3,469,848	$3,938,295	$21,218,337	$-468,447
2019	$3,628,194	$2,066,881	$19,751,421	$1,561,313
2018	$3,448,750	$2,125,140	$18,201,945	$1,323,610

ST JOSEPH'S VILLAGE FOR SENIOR CITIZEN HOUSING DEVELOPMENT FUND CO INC