SENIOR LIVING OPTIONS INC

EIN: 134016169 501(c)(3) Housing & Shelter

BRONX, NY

Total Revenue
$-2,160,811
Total Expenses
$1,382,748
Total Assets
$259,492,087
Net Assets
$188,726,737
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NY
Principal Officer
BRADLEY HAMBURGER
Phone
9299283811
Tax Period
2023-01-01 to 2023-12-31

SENIOR LIVING OPTIONS INC, founded in 1998, is a micro nonprofit in the Housing & Shelter sector that reported $2.2M in total revenue in fiscal year 2023.

Mission

THE SENIOR LIVING OPTIONS INC. MISSION IS HELPING PEOPLE IN NEED ACHIEVE AND SUSTAIN STABILITY, WELLNESS AND SELF-SUFFICIENCY. WE BELIEVE PEOPLE SHOULD BE TREATED WITH DIGNITY AND RESPECT AND HAVE ACCESS TO OPPORTUNITIES THAT LIFT THEM OUT OF POVERTY.

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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 $118,701
Program Service Revenue $646,532
Investment Income $268,996
Other Revenue $-3,195,040
TOTAL REVENUE $-2,160,811

Expense Breakdown

Grants Paid $2,922
Salaries & Benefits $626,703
Fundraising Expenses $80,270
Program Expenses $691,534
Other Expenses $753,123
TOTAL EXPENSES $1,382,748

Year-over-Year Comparison

2023 2022 Change
Revenue $-2,160,811 $-1,578,482 +0.4%
Expenses $1,382,748 $1,504,668 -0.1%
Net Income $-3,543,559 $-3,083,150 +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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Governance

Voting Members
9
Independent Members
9
Employees
13
Volunteers
9

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
5
$124,056
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRADLEY HAMBURGER PRESIDENT 2.00
Officer Director
$0 $0 $0
ERIN MALLORY KOLP VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
PATRICA BARTOS-WEST TREASURER 2.00
Officer Director
$0 $0 $0
OMID TASHAYOD SECRETARY 2.00
Officer Director
$0 $0 $0
DAVE CROSSEN BOARD MEMBER 2.00
Director
$0 $0 $0
BRIGITTE GREENE BOARD MEMBER 2.00
Director
$0 $0 $0
ALISON HIGGINS BOARD MEMBER 2.00
Director
$0 $0 $0
JENNIE LEADBETTER BOARD MEMBER 2.00
Director
$0 $0 $0
YESNIA QUINONES BOARD MEMBER 2.00
Director
$0 $0 $0
CHERYL DENNIS CO EXECUTIVE DIRECTOR 40.00
Officer
$112,616 $11,440 $124,056
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 No data No data No data No data
2023 $-2,160,811 $1,382,748 $259,492,087 $-3,543,559
2022 $-1,578,482 $1,504,668 $259,404,091 $-3,083,150
2021 $802,760 $1,559,549 $262,258,857 $-756,789
2020 $-27,370 $1,670,093 $264,030,475 $-1,697,463
2019 $-7,760,969 $1,097,692 $270,889,273 $-8,858,661
2018 $987,637 $556,226 $278,725,590 $431,411
2017 $2,005,903 $521,826 $279,425,651 $1,484,077
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