AQUINAS HOUSING CORPORATION

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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

1981

Legal Domicile

Principal Officer

VALERIE TORRES

Phone

7188426440

Tax Period

2022-01-01 to 2022-12-31

AQUINAS HOUSING CORPORATION, founded in 1981, is a community nonprofit in the Housing & Shelter sector that reported $4.2M in total revenue in fiscal year 2022. Expenses of $3.9M left a modest 7% surplus.

Mission

TO PROVIDE QUALITY HOUSING AND SOCIAL SERVICE TO THE LOW AND MODERATE-LOW INCOME FAMILIES OF THE SOUTH BRONX

Program Service Accomplishments

Program 1

Expenses: $590,321

AQUINAS HOUSING CORPORATION BEGAN ITS SENIOR SERVICES PROGRAM IN 1987 THROUGH OUR SENIOR SERVICE PROGRAM, WE PROVIDE A WIDE RANGE OF SERVICES TO SENIOR CITIZENS LIVING IN OUR COMMUNITY. AQUINAS...

AQUINAS HOUSING CORPORATION BEGAN ITS SENIOR SERVICES PROGRAM IN 1987 THROUGH OUR SENIOR SERVICE PROGRAM, WE PROVIDE A WIDE RANGE OF SERVICES TO SENIOR CITIZENS LIVING IN OUR COMMUNITY. AQUINAS HOUSING CORPORATION IS THE SPONSOR OF TWO HUD SENIOR CITIZEN PROPERTIES, AND THESE PROGRAM FACILITIES AND OFFICES ARE BASED WITHIN EACH. HOWEVER, THE PROGRAM'S OFFERING ARE NOT LIMITED TO THE RESIDENTS OF THOSE PROPERTIES. THE ENTIRE COMMUNITY IS WELCOME TO UTILIZE OUR PROGRAMMING. THE BROAD GOAL OF THE PROGRAM IS TO GIVE FAMILIES AND INDIVIDUAL SENIORS THE RESOURCES TO IMPROVE AND SUSTAIN AN INDEPENDENT LIFESTYLE. WE WORK TO MAINTAIN THE PHYSICAL, PSYCHOLOGICAL AND SOCIAL WELL-BEING OF OUR SENIORS, AND TO MAKE CERTAIN THAT THEY RECEIVE THE ATTENTION AND THE BENEFITS THEY DESERVE. SOCIAL, CULTURAL AND RECREATIONAL ACTIVITIES FOR OUR SENIORS ARE HELD IN GROUP SETTINGS, AND WE SCHEDULE ARTS AND CRAFTS CLASSES, GAME NIGHTS AND MOVIE NIGHTS REGULARLY DURING THE WEEK. WE ALSO ARRANGE MONTHLY MEDICAL WORKSHOPS FOCUSED ON A NUMBER OF ISSUES SUCH AS BLOOD PRESSURE AWARENESS AND STROKE PREVENTION, ELDER ABUSE, MEDICAID AND MEDICARE NAVIGATION, FIRE SAFETY AND DIABETES. WE HOLD PERIODIC WORKSHOPS AND SEMINARS ADDRESSING SUCH TOPICS AS BEREAVEMENT AND LIVING WILLS. THE AQUINAS HOUSING SENIOR SERVICE PROGRAM IS DEDICATED TO ASSIST THE SENIOR CITIZENRY OF EAST TREMONT AND WEST FARMS IN ACHIEVING THE HIGHEST POSSIBLE QUALITY OF LIFE, BOTH IN THE PHYSICAL AND MENTAL SENSE.

Program 2

Expenses: $2,683,947

THE ORGANIZATION PROVIDES CLEAN, SAFE HOUSING FOR THE ELDERLY AND DISABLED IN THE BRONX, NEW YORK.

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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 (2022)

Revenue Breakdown

Contributions & Grants $41,927

Program Service Revenue $4,011,089

Investment Income $1,938

Other Revenue $176,182

TOTAL REVENUE $4,231,136

Expense Breakdown

Grants Paid $0

Salaries & Benefits $634,721

Fundraising Expenses $0

Program Expenses $3,274,268

Other Expenses $3,282,631

TOTAL EXPENSES $3,917,352

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,231,136	$4,032,792	+0.0%
Expenses	$3,917,352	$3,815,717	+0.0%
Net Income	$313,784	$217,075	+0.4%

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

$333,816

Total Directors

$44,344

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VALERIE TORRES	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
JASON BOROFF	VICE CHAIR/T	N/A	Officer Director	$0	$0	$29,669
EVELYN VELAZQUEZ	SECRETARY	N/A	Officer Director	$0	$0	$0
SALVATORE GIGANTE	TREASURER	N/A	Director	$0	$0	$0
JOSEFA SANTOS	BOARD MEMBER	N/A	Director	$0	$0	$0
JOAN TRANI	BOARD MEMBER	N/A	Director	$14,675	$0	$14,675
STEVEN SELTZER	EXECUTIVE DI	20.00	Officer	$82,154	$0	$82,154
JEAN BONHOMME	CONTROLLER	20.00	Officer	$114,039	$0	$114,039
ANTHONY LYNCH	EXECUTIVE DI	20.00	Officer	$107,954	$0	$107,954

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
2022	$4,231,136	$3,917,352	$21,351,354	$313,784
2021	$4,032,792	$3,815,717	$19,419,842	$217,075
2020	$3,906,928	$2,843,047	$19,308,013	$1,063,881
2019	$3,203,328	$2,931,703	$17,917,189	$271,625
2018	$3,566,850	$3,138,864	$17,708,762	$427,986