ELIZABETH SETON HOUSING DEVELOPMEN… - 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

1990

Legal Domicile

Principal Officer

MATTHEWJANECZKO

Phone

7184776803

Tax Period

2024-01-01 to 2024-12-31

ELIZABETH SETON HOUSING DEVELOPMENT FUND, founded in 1990, is a small nonprofit in the Housing & Shelter sector that reported $322K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $49K, a strong 15% operating margin.

Mission

The Organization is a not-for-profit that owns and operates a 16 unit apartment building at 1991 Lexington Avenue in Manhattan, New York for the purpose of providing clean and decent housing for low income and needy persons.

Program Service Accomplishments

Program 1

Expenses: $224,342 Revenue: $254,973

The Organization owns and operates a 16 unit apartment building that houses low income and needy persons.

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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 $254,973

Investment Income $37,338

Other Revenue $29,678

TOTAL REVENUE $321,989

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,591

Fundraising Expenses $0

Program Expenses $224,342

Other Expenses $247,372

TOTAL EXPENSES $272,963

Year-over-Year Comparison

	2024	2023	Change
Revenue	$321,989	$262,672	+0.2%
Expenses	$272,963	$313,331	-0.1%
Net Income	$49,026	$-50,659	-2.0%

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

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
CARMENJIRAURIVERA	SEC/Treasurer	1.00	Officer Director	$0	$0	$0
Carrie Bloss	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LAWRENCEMCELROEN	Director	1.00	Director	$0	$0	$0
SISTERKARENHELFENSTEINSC	Director	1.00	Director	$0	$0	$0
MATTHEWJANECZKO	Executive Dir.	5.00	Officer Director	$0	$0	$0
SISTERDOMINICAROCCHIOSC	Director	1.00	Director	$0	$0	$0
Sr Virginia Searing	Director	1.00	Director	$0	$0	$0
MSGRKEVINSULLIVAN	Director	1.00	Director	$0	$0	$0
CATHLEENTOBIN	CHAIRPERSON	1.00	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
2024	$321,989	$272,963	$990,561	$49,026
2023	$262,672	$313,331	$925,503	$-50,659
2022	$245,701	$249,527	$925,765	$-3,826
2021	$275,408	$265,485	$974,334	$9,923
2020	$277,336	$255,931	$950,795	$21,405
2019	$291,086	$299,497	$903,151	$-8,411
2018	$256,462	$259,397	$917,382	$-2,935

ELIZABETH SETON HOUSING DEVELOPMENT FUND