RICHMOND HOME NEED SERVICES INC

EIN: 132688124 501(c)(3)

STATEN ISLAND, NY

Total Revenue
$10,667,383
Total Expenses
$11,110,355
Total Assets
$7,056,888
Net Assets
$3,459,368
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
NY
Principal Officer
JANET MAGNUSON
Phone
7189878400
Tax Period
2023-07-01 to 2024-06-30

RICHMOND HOME NEED SERVICES INC, founded in 1971, is a mid-sized nonprofit that reported $10.7M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year.

Mission

PART I, LINE 1 THE ORGANIZATION STRIVES TO ENHANCE THE QUALITY OF LIFE OF INDIVIDUALS AND FAMILIES IN THEIR PLACE OF RESIDENCE AND TO DELIVER COMPASSIONATE HOME-BASED CARE BY SKILLED PARA-PROFESSIONALS AND PROFESSIONAL STAFF.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,703,872
Program Service Revenue $3,273,321
Investment Income $32
Other Revenue $690,158
TOTAL REVENUE $10,667,383

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,425,159
Fundraising Expenses $0
Program Expenses $10,547,631
Other Expenses $685,196
TOTAL EXPENSES $11,110,355

Year-over-Year Comparison

2023 2022 Change
Revenue $10,667,383 $11,274,548 -0.1%
Expenses $11,110,355 $10,879,787 +0.0%
Net Income $-442,972 $394,761 -2.1%
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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Governance

Voting Members
7
Independent Members
7
Employees
394
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
6
$333,910
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTINE SILEO EXECUTIVE DI 40.00
Officer
$143,077 $37,346 $180,423
DAWN BENJAMIN DIRECTOR OF 40.00
Officer
$102,021 $51,466 $153,487
GERARD CARBONELLA TREASURER 2.00
Officer Director
$0 $0 $0
JAYNE COOPER DIRECTOR 1.00
Director
$0 $0 $0
STEVEN W COTTONE DIRECTOR 1.00
Director
$0 $0 $0
JULIE DESTEFANO DIRECTOR 1.00
Director
$0 $0 $0
SHERMAN HELLER DIRECTOR 1.00
Director
$0 $0 $0
DR MANUEL LAGMAY PRESIDENT/CH 2.00
Officer Director
$0 $0 $0
ROBERT MYERS PRESIDENT/CH 2.00
Officer Director
$0 $0 $0
ALBERTA BRESCIA RN DIRECTOR 1.00
Director
$0 $0 $0
CYNTHIA ROBERT SECRETARY 2.00
Officer 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 No data No data No data No data
2024 $10,667,383 $11,110,355 $7,056,888 $-442,972
2023 $11,274,548 $10,879,787 $7,897,149 $394,761
2022 $11,503,731 $11,641,326 $8,286,107 $-137,595
2021 $12,550,767 $12,386,725 $9,216,506 $164,042
2020 $14,283,520 $13,289,700 $9,608,894 $993,820
2019 $13,166,048 $12,107,463 $7,554,509 $1,058,585
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