JAMES LENOX HOUSE ASSOCIATION INC

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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

1979

Legal Domicile

Principal Officer

STEVEN PENARO

Phone

2122885884

Tax Period

2024-04-01 to 2025-03-31

JAMES LENOX HOUSE ASSOCIATION INC, founded in 1979, is a community nonprofit in the Human Services sector that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 152% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 46% operating margin.

Mission

JAMES LENOX HOUSE ASSOCIATION ("ASSOCIATION") PROVIDES HOUSING AND QUALITY SUPPORTIVE SERVICES TO OLDER ADULTS IN TWO RESIDENCES ON MANHATTAN'S UPPER EAST SIDE: JAMES LENOX HOUSE AND CARNEGIE EAST HOUSE. THE ASSOCIATION SHARES COMMON BOARD MEMBERS WITH JAMES LENOX HOUSE INC., WHICH OWNS JAMES LENOX HOUSE, AND CARNEGIE EAST HOUSE HOUSING DEVELOPMENT FUND COMPANY, INC., WHICH OWNS CARNEGIE EAST HOUSE (CEH). THE ASSOCIATION PROVIDES QUALITY SUPPORTIVE SERVICES AND RENTAL ASSISTANCE TO RESIDENTS IN ECONOMIC NEED. THE ASSOCIATION IS THE SOLE MEMBER OF CARNEGIE EAST HOUSE, PROVIDES IT WITH DIRECT SUPPORT, AND PROVIDES ITS RESIDENTS IN ECONOMIC NEED WITH RENTAL ASSISTANCE.

Program Service Accomplishments

Program 1

Expenses: $1,056,044

CARNEGIE EAST HOUSE: JAMES LENOX HOUSE ASSOCIATION IS PLEASED TO CONTINUE ITS FINANCIAL SUPPORT OF CARNEGIE EAST HOUSE'S ENRICHED HOUSING MODEL, IN WHICH OLDER ADULTS RECEIVE ASSISTANCE WITH THEIR...

CARNEGIE EAST HOUSE: JAMES LENOX HOUSE ASSOCIATION IS PLEASED TO CONTINUE ITS FINANCIAL SUPPORT OF CARNEGIE EAST HOUSE'S ENRICHED HOUSING MODEL, IN WHICH OLDER ADULTS RECEIVE ASSISTANCE WITH THEIR ACTIVITIES OF DAILY LIVING, THREE DAILY DELICIOUS MEALS IN A DINING ROOM, MEDICATION MANAGEMENT IF NEEDED, WEEKLY HOUSEKEEPING AND LAUNDRY SERVICES, A NURSE ON DUTY ON WEEKDAYS AND SUNDAYS, CASE MANAGEMENT SERVICES AND DIVERSE CULTURAL, RECREATIONAL, SOCIAL AND EDUCATIONAL ACTIVITIES.

Program 2

Expenses: $305,543

JAMES LENOX HOUSE ASSOCIATION PROVIDED ENRICHING DIRECT SERVICES TO ITS RESIDENTS DURING FY 25 THROUGH ITS RESIDENT SERVICES PROGRAM. THE ASSOCIATION PROVIDED EXERCISE CLASSES, MUSIC CONCERTS, A...

JAMES LENOX HOUSE ASSOCIATION PROVIDED ENRICHING DIRECT SERVICES TO ITS RESIDENTS DURING FY 25 THROUGH ITS RESIDENT SERVICES PROGRAM. THE ASSOCIATION PROVIDED EXERCISE CLASSES, MUSIC CONCERTS, A COMPUTER LAB, SOCIAL WORK STAFF, A REGISTERED NURSE WHO VISITED RESIDENTS WEEKLY, COVID-19 AND SEASONAL FLU VACCINE VACCINATION CLINICS, A FIRST-FLOOR LIBRARY WITH WELL-STOCKED BOOKS, FRAUD PREVENTION SEMINARS, WEEKLY HAPPY HOURS, AND MORE. "AILEYDANCE FOR ACTIVE AGING," OUR DANCE PARTNERSHIP WITH ALVIN AILEY AMERICAN DANCE THEATER, REMAINED A POPULAR RESIDENT PROGRAM THAT FOSTERED A SENSE OF COMMUNITY, HELPED PREVENT FALLS, AND FURTHERED RESIDENT ARTISTIC EXPRESSION.

Program 3

Expenses: $64,092

RENTAL SUBSIDY PROGRAM: JAMES LENOX HOUSE ASSOCIATION WAS PLEASED TO CONTINUE OFFERING RENTAL SUBSIDIES TO JAMES LENOX HOUSE AND CARNEGIE EAST HOUSE RESIDENTS IN ECONOMIC NEED. THIS IMPORTANT SUBSIDY PROVIDES MANY OF THESE RESIDENTS WITH THE CRITICAL FUNDS NEEDED TO CONTINUE LIVING AT JAMES LENOX HOUSE AND CARNEGIE EAST HOUSE. DURING FY25, RESIDENTS RECEIVED RENTAL ASSISTANCE TOTALING $64,092.

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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 $3,406,009

Program Service Revenue $0

Investment Income $300,424

Other Revenue $0

TOTAL REVENUE $3,706,433

Expense Breakdown

Grants Paid $1,105,885

Salaries & Benefits $580,306

Fundraising Expenses $225,051

Program Expenses $1,469,546

Other Expenses $311,361

TOTAL EXPENSES $1,997,552

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,706,433	$1,468,320	+1.5%
Expenses	$1,997,552	$4,350,066	-0.5%
Net Income	$1,708,881	$-2,881,746	-1.6%

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

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

$467,221

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN PENARO	PRESIDENT	2.00	Officer Director	$0	$0	$0
KENNETH SIEGEL	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ANDREW FORBIS	TREASURER	2.00	Officer Director	$0	$0	$0
SUSAN A IRWIN	SECRETARY	2.00	Officer Director	$0	$0	$0
ANDREW BONZANI	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD J HARAY	DIRECTOR	2.00	Director	$0	$0	$0
FRAN CONDON	DIRECTOR	2.00	Director	$0	$0	$0
ANNE STELLWAGEN CONNOR	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM N DYE	DIRECTOR	2.00	Director	$0	$0	$0
NICOLA M HERYET	DIRECTOR	2.00	Director	$0	$0	$0
BETH LAVELLE	DIRECTOR	2.00	Director	$0	$0	$0
CALVIN MARSHALL MEW	DIRECTOR	2.00	Director	$0	$0	$0
NANCY RABSTEJNEK NICHOLS	DIRECTOR	2.00	Director	$0	$0	$0
DAVID M RUBIN	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM T SULLIVAN	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM J WELSH	DIRECTOR	2.00	Director	$0	$0	$0
JOHN D ZELTIN	DIRECTOR	2.00	Director	$0	$0	$0
RUTH R ALWARD	DIRECTOR	2.00	Director	$0	$0	$0
BEATRICE BROADWATER	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA S SAMUELSON	DIRECTOR (THRU 9/11/24)	2.00	Director	$0	$0	$0
NANCY TRINKA	DIRECTOR	2.00	Director	$0	$0	$0
BRIGIT HICKEY	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD MARION	DIRECTOR	2.00	Director	$0	$0	$0
KYLE HAISS	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH H GIRVEN	EXECUTIVE DIRECTOR	15.00	Officer	$150,622	$39,026	$340,270
DAVID PEACE	COO	36.00	Officer	$100,119	$15,708	$126,951
LANE PEACE	DEVELOPMENT DIRECTOR	20.00	Highest	$76,372	$15,760	$168,504

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	$3,706,433	$1,997,552	$10,207,408	$1,708,881
2024	$1,468,320	$4,350,066	$8,550,139	$-2,881,746
2023	$728,966	$2,131,634	$10,639,991	$-1,402,668
2022	$1,244,716	$1,403,188	$10,873,002	$-158,472
2021	$393,397	$815,721	$11,199,607	$-422,324
2020	$1,614,228	$1,325,536	$9,450,834	$288,692
2019	$1,283,467	$897,593	$10,630,980	$385,874
2018	$1,291,007	$807,331	$10,833,078	$483,676