PROJECT SHARE VII INC

EIN: 113525810 501(c)(3) Mental Health

MEDFORD, NY

Total Revenue
$128,449
Total Expenses
$189,227
Total Assets
$860,021
Net Assets
$684,504
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
NY
Principal Officer
MATTHEW ARMANDI
Phone
6317580474
Tax Period
2025-01-01 to 2025-12-31

PROJECT SHARE VII INC, founded in 2000, is a small nonprofit in the Mental Health sector that reported $128K in total revenue in fiscal year 2025. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $189K exceeded revenue, resulting in a 47% 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 $82,840
Program Service Revenue $44,803
Investment Income $37
Other Revenue $769
TOTAL REVENUE $128,449

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $140,253
Other Expenses $189,227
TOTAL EXPENSES $189,227

Year-over-Year Comparison

2025 2024 Change
Revenue $128,449 $102,354 +0.3%
Expenses $189,227 $162,050 +0.2%
Net Income $-60,778 $-59,696 +0.0%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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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 $128,449 $189,227 $860,021 $-60,778
2024 No data No data No data No data
2023 $93,702 $175,787 $921,273 $-82,085
2022 $113,309 $170,446 $953,098 $-57,137
2021 $123,068 $152,625 $980,599 $-29,557
2020 $104,400 $140,843 $1,042,793 $-36,443
2019 $105,033 $142,898 $1,059,236 $-37,865
2018 $92,747 $134,745 $1,080,747 $-41,998
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