MARIEN-HEIM OF SUNSET PARK HOUSING DEVELOPMENT FUND CORPORATION

EIN: 112526067 501(c)(3) Housing & Shelter

BROOKLYN, NY

Total Revenue
$4,001,056
Total Expenses
$3,797,842
Total Assets
$6,825,571
Net Assets
$3,669
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
NY
Principal Officer
JOSEPH K WINDELS
Phone
7184926833
Tax Period
2024-07-01 to 2025-06-30

MARIEN-HEIM OF SUNSET PARK HOUSING DEVELOPMENT FUND CORPORATION, founded in 1978, is a community nonprofit in the Housing & Shelter sector that reported $4.0M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $3.8M left a modest 5% surplus.

Mission

MARIEN-HEIM OF SUNSET PARK IS A SENIOR CITIZEN AND MOBILITY IMPAIRED HOUSING PROJECT SUBSIDIZED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

Program Service Accomplishments

Program 1
Expenses: $3,637,254 Revenue: $4,000,351

MARIEN-HEIM OF SUNSET PARK OPERATES A 167 HOUSING UNIT FOR THE ELDERLY AND MOBILITY IMPAIRED LOCATED IN BROOKLYN, NY, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AND IS REGULATED BY THE U.S...

Read more

MARIEN-HEIM OF SUNSET PARK OPERATES A 167 HOUSING UNIT FOR THE ELDERLY AND MOBILITY IMPAIRED LOCATED IN BROOKLYN, NY, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AND IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,948,759
Investment Income $705
Other Revenue $51,592
TOTAL REVENUE $4,001,056

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,183,561
Fundraising Expenses $0
Program Expenses $3,637,254
Other Expenses $2,614,281
TOTAL EXPENSES $3,797,842

Year-over-Year Comparison

2024 2023 Change
Revenue $4,001,056 $3,428,302 +0.2%
Expenses $3,797,842 $3,478,021 +0.1%
Net Income $203,214 $-49,719 -5.1%
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

Sign In

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
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT J WALSH BOARD MEMBER 0.00
Director
$0 $0 $0
BONNIE KLIMA OLSEN VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
BEATRICE DESAPIO SECRETARY/TREASURER 0.00
Officer Director
$0 $0 $0
FLORA SCHUSTER BOARD MEMBER 0.00
Director
$0 $0 $0
JAMES FASOLINO BOARD MEMBER 0.00
Director
$0 $0 $0
PATRICIA RUIZ BOARD MEMBER 0.00
Director
$0 $0 $0
NANCY TUTOLO FREED BOARD MEMBER 0.00
Director
$0 $0 $0
DEACON CHRISTOPHER WAGNER BOARD MEMBER 0.00
Director
$0 $0 $0
JOSEPH WINDELS PRESIDENT 0.00
Officer Director
$0 $0 $0
STEPHANIE N TOCCI BOARD MEMBER 0.00
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 $4,001,056 $3,797,842 $6,825,571 $203,214
2024 $3,428,302 $3,478,021 $6,632,717 $-49,719
2023 $3,257,083 $3,431,690 $6,933,434 $-174,607
2022 $3,128,259 $3,360,664 $7,265,608 $-232,405
2021 $3,051,578 $3,146,157 $7,617,423 $-94,579
2020 $2,989,381 $3,005,997 $7,893,134 $-16,616
2019 $2,930,649 $2,901,312 $7,974,828 $29,337
Explore More Nonprofits
→Top 100 Nonprofits in New York →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare MARIEN-HEIM OF SUNSET PARK HOUSING DEVELOPMENT FUND CORPORATION with other nonprofits in New York and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.