SJMC SENIOR HOUSING DEVELOPMENT FUND CORPORATION

EIN: 134103604 501(c)(3) Housing & Shelter

YONKERS, NY

Total Revenue
$1,115,547
Total Expenses
$1,268,942
Total Assets
$7,224,398
Net Assets
$-4,962,158
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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
JAMES J LANDY
Phone
9149696159
Tax Period
2024-10-01 to 2025-09-30

SJMC SENIOR HOUSING DEVELOPMENT FUND CORPORATION, founded in 2000, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.3M exceeded revenue, resulting in a 14% operating deficit.

Mission

PROVIDE HOUSING TO THE ELDERLY AND HANDICAPPED.

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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 $0
Program Service Revenue $1,094,990
Investment Income $14,137
Other Revenue $6,420
TOTAL REVENUE $1,115,547

Expense Breakdown

Grants Paid $0
Salaries & Benefits $362,295
Fundraising Expenses $0
Program Expenses $1,036,097
Other Expenses $906,647
TOTAL EXPENSES $1,268,942

Year-over-Year Comparison

2024 2023 Change
Revenue $1,115,547 $1,019,380 +0.1%
Expenses $1,268,942 $1,338,222 -0.1%
Net Income $-153,395 $-318,842 -0.5%
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

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Governance

Voting Members
9
Independent Members
9
Employees
3
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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES J LANDY PRESIDENT 1.00
Officer Director
$0 $0 $0
MICHAEL J SPICER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
COLLEEN WAGNER DIRECTOR 1.00
Director
$0 $0 $0
LAWRENCE MCCRUDDEN TREASURER 1.00
Officer Director
$0 $0 $0
KEVIN CACACE DIRECTOR 1.00
Director
$0 $0 $0
SR ANDREA DIXON DIRECTOR 1.00
Director
$0 $0 $0
SR DONNA DODGE DIRECTOR 1.00
Director
$0 $0 $0
BRENDAN R LANDY DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL MINERVA SECRETARY 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
2025 $1,115,547 $1,268,942 $7,224,398 $-153,395
2024 $1,019,380 $1,338,222 $7,401,755 $-318,842
2023 $987,732 $1,193,575 $7,704,639 $-205,843
2022 $1,316,454 $1,209,724 $7,901,995 $106,730
2021 $875,670 $1,078,410 $8,204,570 $-202,740
2020 $828,831 $1,066,599 $8,420,688 $-237,768
2019 $778,556 $1,118,522 $8,696,561 $-339,966
2018 $774,005 $1,005,637 $9,040,681 $-231,632
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