GOLDSMITH D & MARY B JOHNES HOME FOR AGED COUPLES INC

EIN: 141364666 501(c)(3)

NEWBURGH, NY

Total Revenue
$17,443
Total Expenses
$257,197
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1928
Legal Domicile
NY
Principal Officer
JOAN CUSACK-MCGUIRK
Phone
8455682881
Tax Period
2018-01-01 to 2018-12-31

GOLDSMITH D & MARY B JOHNES HOME FOR AGED COUPLES INC, founded in 1928, is a micro nonprofit that reported $17K in total revenue in fiscal year 2018. Revenue surged 1224% from the prior year, signaling strong growth momentum. Expenses of $257K exceeded revenue, resulting in a 1374% operating deficit.

Mission

TO PROVIDE CARE AND SOCIAL RECREATION FOR THE ELDERLY.

Program Service Accomplishments

Program 1
Expenses: $257,136 Revenue: $0

Goldsmith D. and Mary B. Johnes Home for Aged Couple, Inc. Provides CARE AND SOCIAL RECREATION FOR THE ELDERLY. The Home APPROVED A PLAN FOR CLOSURE DURING 2015. ALL RESIDENTS WERE TRANSITIONED TO...

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Goldsmith D. and Mary B. Johnes Home for Aged Couple, Inc. Provides CARE AND SOCIAL RECREATION FOR THE ELDERLY. The Home APPROVED A PLAN FOR CLOSURE DURING 2015. ALL RESIDENTS WERE TRANSITIONED TO OTHER UNRELATED FACILITIES. The 2018 activities represent a wind down of operations of the Home. The organization is currently in the process of being dissolved pending approval by the State Attorney General.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $13,078
Other Revenue $4,365
TOTAL REVENUE $17,443

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $257,136
Other Expenses $257,197
TOTAL EXPENSES $257,197

Year-over-Year Comparison

2018 2017 Change
Revenue $17,443 $1,317 +12.2%
Expenses $257,197 $101,601 +1.5%
Net Income $-239,754 $-100,284 +1.4%
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
6
Independent Members
4
Employees
N/A
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
$842,350
Total Directors
7
$842,350
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CATHY MCCARTY CHAIR - DIRECTOR 1.0
Officer Director
$0 $0 $0
EILEEN OSTERBY DIRECTOR 1.0
Director
$0 $0 $0
JILL G BARTON TREASURER - DIRECTOR 1.0
Officer Director
$0 $27,303 $228,205
JOAN CUSACK-MCGUIRK DIRECTOR - PRES/CEO 1.0
Officer Director
$0 $49,239 $614,145
RICHARD GREENBLATT DIRECTOR 1.0
Director
$0 $0 $0
CATHY KUTTNER Secretary - DIRECTOR 1.0
Officer Director
$0 $0 $0
MICHAEL COSTA DIRECTOR (deceased 11/23/18) 1.0
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
2018 $17,443 $257,197 No data $-239,754
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