WILLOW TOWERS INC

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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

1999

Legal Domicile

Principal Officer

RITA C MABLI

Phone

9146322804

Tax Period

2023-01-01 to 2023-12-31

WILLOW TOWERS INC, founded in 1999, is a mid-sized nonprofit in the Housing & Shelter sector that reported $13.9M in total revenue in fiscal year 2023.

Mission

OUR MISSION AT WILLOW TOWERS, INC. ("WILLOW TOWERS") IS TO ENRICH THE LIVES OF OUR RESIDENTS WITH OUR CONSISTENT COMMITMENT TO QUALITY AND SERVICE.

Program Service Accomplishments

Program 1

Expenses: $12,122,435 Revenue: $13,829,194

WILLOW TOWERS PROVIDES ASSISTED LIVING HOUSING FOR SENIORS. THERE ARE 126 APARTMENTS, INCLUDING STUDIO, ONE BEDROOM, AND TWO BEDROOM APARTMENTS. THE SENIOR HOUSING FACILITY, LOCATED IN NEW ROCHELLE...

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $13,829,194

Investment Income $43,828

Other Revenue $8,165

TOTAL REVENUE $13,881,187

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,847,690

Fundraising Expenses $0

Program Expenses $12,122,435

Other Expenses $6,152,849

TOTAL EXPENSES $15,000,539

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,881,187	$13,199,137	+0.1%
Expenses	$15,000,539	$13,891,754	+0.1%
Net Income	$-1,119,352	$-692,617	+0.6%

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

168

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

$1,650,711

Total Directors

$1,244,354

Key Employees

$968,857

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RITA C MABLI	PRESIDENT & CEO	0.50	Officer Director	$0	$97,098	$1,244,354
MALCOLM H LAZARUS	CHAIRMAN	0.50	Officer Director	$0	$0	$0
MARK A HARTMAN	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
ROSEMARY MCLAUGHLIN	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
JAMES STAUDT	DIRECTOR	0.50	Officer Director	$0	$0	$0
ANTHONY NARDOZZI	DIRECTOR	0.50	Director	$0	$0	$0
DONALD DUBERSTEIN	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTINA L VILLANUEVA	CFO	0.50	Officer	$0	$55,134	$406,357
NORA O'BRIEN	EXECUTIVE DIRECTOR	37.50	Key Emp	$331,974	$51,820	$383,794
GRACE FERRI	VP OF MARKETING	37.50	Key Emp	$342,734	$37,236	$379,970
DAVID MEZZAUCELLA	DIRECTOR OF FACILITIES	37.50	Key Emp	$157,153	$47,940	$205,093
MARY SARQUAH	LICENSED PRACTICE NURSE	37.50	Highest	$199,221	$18,325	$217,546
JANICE CHANCE	LICENSED PRACTICE NURSE	37.50	Highest	$118,204	$17,379	$135,583
SABINA M LAMPTEY	LICENSED PRACTICE NURSE	37.50	Highest	$180,858	$2,116	$182,974
SARAH SANCHEZ	LICENSED PRACTICE NURSE	37.50	Highest	$128,824	$1,507	$130,331
ADEJOKE ADENIYI	LICENSED PRACTICE NURSE	37.50	Highest	$130,875	$1,531	$132,406

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	$13,881,187	$15,000,539	$21,486,172	$-1,119,352
2022	$13,199,137	$13,891,754	$22,966,680	$-692,617
2021	$12,992,542	$12,210,876	$24,469,264	$781,666
2020	$11,404,379	$12,425,763	$25,008,091	$-1,021,384
2019	$12,208,304	$11,986,492	$26,646,937	$221,812
2018	$12,017,065	$11,904,910	$27,355,901	$112,155