OUR LADY OF MERCY SENIOR MANOR HOUSING DEVELOPMENT FUND CORPORATION

EIN: 134062700 501(c)(3) Human Services

NEW YORK, NY

Total Revenue
$1,138,506
Total Expenses
$1,008,051
Total Assets
$4,642,176
Net Assets
$-1,968,313
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
NY
Principal Officer
BEATRIZ DIAZ TAVERAS
Phone
2123711000
Tax Period
2024-01-01 to 2024-12-31

OUR LADY OF MERCY SENIOR MANOR HOUSING DEVELOPMENT FUND CORPORATION, founded in 2000, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $1.0M left a modest 11% surplus.

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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $849,733
Program Service Revenue $238,933
Investment Income $44,494
Other Revenue $5,346
TOTAL REVENUE $1,138,506

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $840,937
Other Expenses $1,008,051
TOTAL EXPENSES $1,008,051

Year-over-Year Comparison

2024 2023 Change
Revenue $1,138,506 $948,391 +0.2%
Expenses $1,008,051 $970,629 +0.0%
Net Income $130,455 $-22,238 -6.9%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BEATRIZ DIAZ TAVERAS PRESIDENT 1.30
Officer Director
$0 $0 $0
WILLIAM WHISTON TREASURER 1.30
Officer Director
$0 $0 $0
GEORGE HORTON SECRETARY 1.30
Officer Director
$0 $0 $0
DAVID BROWN DIRECTOR 1.30
Director
$0 $0 $0
MONSIGNOR KEVIN SULLIVAN DIRECTOR 1.30
Director
$0 $0 $0
KENNETH DEMPSEY DIRECTOR 1.30
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 $1,138,506 $1,008,051 $4,642,176 $130,455
2023 $948,391 $970,629 $4,478,507 $-22,238
2022 $834,416 $891,232 $4,481,970 $-56,816
2021 $813,353 $838,891 $4,535,577 $-25,538
2020 $801,882 $801,742 $4,567,657 $140
2019 $745,946 $803,953 $4,516,283 $-58,007
2018 $657,167 $736,560 $4,597,794 $-79,393
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