AMSTERDAM HOUSE CONTINUING CARE RE… - Form 990 Financial Data

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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

2004

Legal Domicile

Principal Officer

LUCILLE MANSFIELD

Phone

5164623597

Tax Period

2025-01-01 to 2025-06-30

Mission

AMSTERDAM HOUSE CONTINUING CARE RETIREMENT COMMUNITY, INC.'S MISSION (AHCCRC, INC.) WAS TO ESTABLISH, CONSTRUCT, OWN, OPERATE AND MAINTAIN A CONTINUING CARE RETIREMENT COMMUNITY AS DEFINED IN ARTICLE 46 OF THE PUBLIC HEALTH LAW OF THE STATE OF NEW YORK; TO MEET THE SPECIAL HOUSING NEEDS OF ELDERLY PERSONS BY PLANNING, DEVELOPING, ORGANIZING, CONSTRUCTING, ACQUIRING, ALTERING, RECONSTRUCTING, REHABILITATING, OWNING, OPERATING AND MAINTAINING HOUSING FOR ELDERLY INDIVIDUALS AND FAMILIES IN ORDER TO PROMOTE THEIR GENERAL WELFARE BY PROVIDING (HEM WITH SAFE, SANITARY AND INDEPENDENT LIVING FACILITIES; TO ENGAGE IN ANY OTHER LAWFUL ACTIVITY FOR WHICH A CORPORATION MAY BE FORMED UNDER THE NOT-FOR-PROFIT CORPORATION LAW; THE PUBLIC OR QUASI-PUBLIC OBJECTIVE TO BE ACHIEVED BY THESE PURPOSES IS TO MAKE AVAILABLE SPECIAL HOUSING FOR THE ELDERLY WHERE SUCH HOUSING IS NOT CURRENTLY AVAILABLE.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

AMSTERDAM HOUSING CONTINUING CARE RETIREMENT COMMUNITY, INC. ("AHCCRC, INC.") OPERATED A CONTINUING CARE RETIREMENT COMMUNITY, LICENSED UNDER ARTICLE 46 OF THE PUBLIC HEALTH LAW, KNOWN AS THE...

AMSTERDAM HOUSING CONTINUING CARE RETIREMENT COMMUNITY, INC. ("AHCCRC, INC.") OPERATED A CONTINUING CARE RETIREMENT COMMUNITY, LICENSED UNDER ARTICLE 46 OF THE PUBLIC HEALTH LAW, KNOWN AS THE HARBORSIDE LOCATED IN PORT WASHINGTON, NEW YORK, WHICH INCLUDES: 229 INDEPENDENT LIVING APARTMENTS, 26 ENRICHED HOUSING UNITS AND 18 SPECIAL NEEDS ASSISTED LIVING, AND 56 SKILLED NURSING BEDS.ON MARCH 22, 2023, AMSTERDAM HOUSE CONTINUING CARE RETIREMENT COMMUNITY, INC. D/B/A THE HARBORSIDE FILED A PETITION IN THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF NEW YORK SEEKING RELIEF UNDER CHAPTER 11 OF THE UNITED STATES BANKRUPTCY CODE. THE LIQUIDATION PROCESS WAS COMPLETED AS OF JUNE 30, 2025.

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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 $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	N/A	N/A
Expenses	N/A	N/A	N/A
Net Income	N/A	$0	N/A

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

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
JOSEPH C HOOPES JR	CHAIRMAN & TREASURER	0.50	Officer Director	$0	$0	$0
FRANCES R OLIVIERI	VICE CHAIR	0.50	Officer Director	$0	$0	$0
GEORGE L VAN AMSON	VICE CHAIR	0.50	Officer Director	$0	$0	$0
JAY H MCDOWELL ESQ	SECRETARY, THRU JAN. 2025	0.50	Officer Director	$0	$0	$0
R SCOTT EDMONDS	SECRETARY, EFF. JAN. 2025	0.50	Officer Director	$0	$0	$0
REV CANON JAMES CALLAWAY JR	DIRECTOR	0.50	Director	$0	$0	$0
SYLVIA DUNSKY	DIRECTOR, THRU JAN. 2025	0.50	Director	$0	$0	$0
RHODA FINER	DIRECTOR	0.50	Director	$0	$0	$0
LANGDON VAN NORDEN	DIRECTOR	0.50	Director	$0	$0	$0
BROOKE NAVARRE	PRESIDENT/CEO	40.00	Officer	$0	$0	$0
LUCILLE MANSFIELD	DIRECTOR OF FINANCE	40.00	Officer	$0	$0	$0
PAMELA LANDMAN	SENIOR VP & GENERAL COUNSEL	26.54	Officer	$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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$30,842,300	$39,847,248	$185,372,355	$-9,004,948
2023	$5,958,678	$10,085,315	$125,733,583	$-4,126,637
2022	$27,650,876	$39,054,681	$205,746,668	$-11,403,805
2021	$36,044,280	$41,501,454	$223,728,704	$-5,457,174
2020	$28,752,603	$38,308,089	$210,608,041	$-9,555,486
2019	$28,560,553	$38,256,042	$229,515,666	$-9,695,489
2018	$27,146,459	$40,014,320	$234,450,414	$-12,867,861

AMSTERDAM HOUSE CONTINUING CARE RETIREMENT COMMUNITY INC