ROCKLAND HOME FOR THE AGED HOUSING DEVELOPMENT FUND COMPANY INC (EIN 132981097) - Form 990 Financial Analysis & Trantor Score

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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

1980

Legal Domicile

Principal Officer

IRA PERLSTEIN

Phone

8453579507

Tax Period

2024-07-01 to 2025-06-30

ROCKLAND HOME FOR THE AGED HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1980, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2024. Expenses of $1.6M left a modest 9% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO OFFER LOW-INCOME SENIOR CITIZENS WITH SAFE AND AFFORDABLE HOUSING.

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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 $1,258,135

Program Service Revenue $466,095

Investment Income $3,807

Other Revenue $0

TOTAL REVENUE $1,728,037

Expense Breakdown

Grants Paid $0

Salaries & Benefits $556,512

Fundraising Expenses $0

Program Expenses $1,341,697

Other Expenses $1,012,979

TOTAL EXPENSES $1,569,491

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,728,037	$1,672,126	+0.0%
Expenses	$1,569,491	$1,525,339	+0.0%
Net Income	$158,546	$146,787	+0.1%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEANNE FEFFERMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
DEANNA GITLOW	BOARD MEMBER	1.00	Director	$0	$0	$0
DEVRA KANTOR	BOARD MEMBER	1.00	Director	$0	$0	$0
GENE MOSKOWITZ	BOARD MEMBER	1.00	Director	$0	$0	$0
ALLAN GITLOW	VP FUNDRAISING	1.00	Officer	$0	$0	$0
STEPHEN KEPNISS	TREASURER/INVESTMENT	1.00	Officer	$0	$0	$0
SUSAN MOSKOWITZ	VP MEMBERSHIP	1.00	Officer	$0	$0	$0
IRA PERLSTEIN	PRESIDENT	1.00	Officer	$0	$0	$0
SHARON SEIDEN	SECRETARY	1.00	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	$1,728,037	$1,569,491	$5,865,457	$158,546
2024	$1,672,126	$1,525,339	$5,829,100	$146,787
2023	$1,624,842	$1,533,962	$5,822,475	$90,880
2022	$1,581,340	$1,509,282	$5,836,244	$72,058
2021	$1,523,123	$1,491,469	$5,920,049	$31,654
2020	$1,517,662	$1,496,276	$5,975,202	$21,386
2019	$1,499,149	$1,500,439	$6,053,186	$-1,290

ROCKLAND HOME FOR THE AGED HOUSING DEVELOPMENT FUND COMPANY INC