PROJECT SHARE III INC

EIN: 113266489 501(c)(3) Human Services

MEDFORD, NY

Total Revenue
$163,478
Total Expenses
$197,401
Total Assets
$935,156
Net Assets
$276,143
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
NY
Principal Officer
MATTHEW ARMANDI
Phone
6317580474
Tax Period
2025-01-01 to 2025-12-31

PROJECT SHARE III INC, founded in 1995, is a small nonprofit in the Human Services sector that reported $163K in total revenue in fiscal year 2025. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $197K exceeded revenue, resulting in a 21% operating deficit.

Mission

COMMUNITY RESIDENCE PROGRAM WHICH ESTABLISHES, OPERATES, AND MAINTAINS RESIDENCES FOR PERSONS WITH PSYCHIATRIC DISABILITIES.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $97,447
Program Service Revenue $48,386
Investment Income $4
Other Revenue $17,641
TOTAL REVENUE $163,478

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $158,478
Other Expenses $197,401
TOTAL EXPENSES $197,401

Year-over-Year Comparison

2025 2024 Change
Revenue $163,478 $140,958 +0.2%
Expenses $197,401 $237,771 -0.2%
Net Income $-33,923 $-96,813 -0.6%
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

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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
1

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
$1,196,042
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LISA PIAZZA MD DIRECTOR 0.20
Director
$0 $0 $0
KRISTIE GOLDEN DIRECTOR 0.20
Director
$0 $0 $0
CAROL PERES DIRECTOR 0.20
Director
$0 $0 $0
ROBERT DETOR DIRECTOR 0.20
Director
$0 $0 $0
TIM SMITH DIRECTOR 0.20
Director
$0 $0 $0
STEPHON HOLLMAN DIRECTOR 0.20
Director
$0 $0 $0
SAMUEL MILLER DIRECTOR 0.20
Director
$0 $0 $0
RALPH FASANO EXECUTIVE DIRECTOR 0.20
Officer
$0 $68,641 $519,852
ELIZABETH LUNDE CHIEF OPERATING OFFICER 0.20
Officer
$0 $63,725 $361,658
MATTHEW ARMANDI CHIEF FINANCIAL OFFICER 0.50
Officer
$0 $34,804 $314,532
JAMES MUTTON DIRECTOR OF NYC OPERATIONS 0.50
Highest
$0 $33,023 $193,298
ELIZABETH WEINBAUM ASSOCIATE ED OF QUALITY ASSURANCE 0.50
Highest
$0 $48,317 $223,248
ROBIN SMITH DIRECTOR OF LI PROGRAM OPERATIONS 0.50
Highest
$0 $46,332 $206,802
SANDRA CARRASQUILLO ASSOCIATE ED OF HR 0.50
Highest
$0 $47,592 $208,780
STEVEN ALPERT DIRECTOR OF PROPERTY MANAGEMENT 0.50
Highest
$0 $58,992 $219,585
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 $163,478 $197,401 $935,156 $-33,923
2024 $140,958 $237,771 $846,654 $-96,813
2023 $115,636 $240,713 $827,158 $-125,077
2022 $112,693 $194,135 $876,734 $-81,442
2021 $109,249 $164,724 $871,302 $-55,475
2020 $113,447 $155,672 $858,725 $-42,225
2019 $109,116 $153,922 $835,495 $-44,806
2018 $107,617 $151,694 $832,945 $-44,077
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