OLM SENIOR HOUSING DEVELOPMENT FUND CORPORATION (EIN 133897866) - 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

1997

Legal Domicile

Principal Officer

BEATRIZ DIAZ TAVERAS

Phone

2123711000

Tax Period

2024-01-01 to 2024-12-31

OLM SENIOR HOUSING DEVELOPMENT FUND CORPORATION, founded in 1997, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION'S PRIMARY PURPOSE IS TO OPERATE A HOUSING PROJECT FOR ELDERLY OR DISABLED PERSONS OF LOW INCOME, INCLUDING THE PROVISION OF HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE HEALTH, SECURITY AND HAPPINESS.

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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 $828,778

Program Service Revenue $194,520

Investment Income $35,268

Other Revenue $2,616

TOTAL REVENUE $1,061,182

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $954,450

Other Expenses $1,115,601

TOTAL EXPENSES $1,115,601

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,061,182	$991,367	+0.1%
Expenses	$1,115,601	$1,034,692	+0.1%
Net Income	$-54,419	$-43,325	+0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEATRIZ DIAZ TAVERAS	PRESIDENT	1.00	Officer Director	$0	$0	$0
WILLIAM WHISTON	TREASURER	1.00	Officer Director	$0	$0	$0
GEORGE HORTON	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID BROWN	BOARD MEMBER	1.00	Director	$0	$0	$0
MSGR KEVIN SULLIVAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNETH DEMPSEY	BOARD MEMBER	1.00	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	$1,061,182	$1,115,601	$3,735,960	$-54,419
2023	$991,367	$1,034,692	$3,675,488	$-43,325
2022	$822,613	$926,355	$3,752,894	$-103,742
2021	$821,532	$861,687	$3,831,818	$-40,155
2020	$822,215	$815,782	$3,819,213	$6,433
2019	$778,375	$833,875	$3,760,037	$-55,500
2018	$673,797	$730,216	$3,864,429	$-56,419

OLM SENIOR HOUSING DEVELOPMENT FUND CORPORATION