SCHAFFER HEIGHTS HOUSING CORP (EIN 141427968) - Form 990 Financial Analysis & Trantor Score

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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

1995

Legal Domicile

Principal Officer

BRIAN FORGET

Phone

5183463438

Tax Period

2024-01-01 to 2024-12-31

SCHAFFER HEIGHTS HOUSING CORP, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $2.2M in total revenue in fiscal year 2024.

Mission

PROVIDE HOUSING TO SENIORS LIVING IN THE CITY OF SCHENECTADY AND THE SURROUNDING AREA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,167,353

Investment Income $19,582

Other Revenue $0

TOTAL REVENUE $2,186,935

Expense Breakdown

Grants Paid $0

Salaries & Benefits $316,664

Fundraising Expenses $0

Program Expenses $1,726,616

Other Expenses $2,071,106

TOTAL EXPENSES $2,387,770

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,186,935	$2,076,682	+0.1%
Expenses	$2,387,770	$2,162,000	+0.1%
Net Income	$-200,835	$-85,318	+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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
B DONALD ACKERMAN	DIRECTOR	0.50	Director	$0	$0	$0
GARY HUGHES	DIRECTOR	0.50	Director	$0	$0	$0
CATHY BERNE SMITH	DIRECTOR	0.50	Director	$0	$0	$0
RANDY L STARK	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT HARRISON	PRESIDENT	2.00	Officer Director	$0	$0	$0
BRIAN F FORGET	TREASURER	2.00	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
2024	$2,186,935	$2,387,770	$6,964,225	$-200,835
2023	$2,076,682	$2,162,000	$6,992,966	$-85,318
2022	$2,024,049	$2,146,500	$6,976,549	$-122,451
2021	$1,838,522	$1,910,408	$7,283,711	$-71,886
2020	$1,798,833	$2,024,983	$7,860,193	$-226,150
2019	$1,789,492	$2,042,034	$8,260,436	$-252,542
2018	$1,768,070	$2,063,026	$8,851,452	$-294,956

SCHAFFER HEIGHTS HOUSING CORP