DAUGHTERS OF SARAH HOUSING COMPANY INC

EIN: 141805236 501(c)(3) Human Services

ALBANY, NY

Total Revenue
$5,331,616
Total Expenses
$4,756,864
Total Assets
$15,163,816
Net Assets
$14,513,933
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NY
Principal Officer
COURTNEY MULSON
Phone
5186890454
Tax Period
2024-01-01 to 2024-12-31

DAUGHTERS OF SARAH HOUSING COMPANY INC, founded in 1998, is a community nonprofit in the Human Services sector that reported $5.3M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $4.8M left a modest 11% surplus.

Mission

THE MISSION OF THE DAUGHTERS OF SARAH HOUSING COMPANY, INC. IS TO ENHANCE THE QUALITY OF LIFE, ASSURE THE SAFETY AND DIGNITY, AND FOSTER THE INDEPENDENCE OF THOSE WE SERVE, THROUGH RESIDENTIAL, PERSONAL CARE, HEALTH AND OTHER SERVICES, CONSISTENT WITH JEWISH VALUES AND TRADITIONS. IT'S AUTHORIZED ACTIVITIES INCLUDE OPERATING AN ENRICHED HOUSING PROGRAM, ASSISTED LIVING FACILITY, AND ENHANCED ASSISTED LIVING FACILITY FOR ELDERLY ADULTS AS LICENSED BY THE NEW YORK STATE DEPARTMENT OF HEALTH, AND AN INDEPENDENT HOUSING FACILITY FOR SENIOR CITIZENS.

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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 $42,369
Program Service Revenue $5,097,226
Investment Income $191,656
Other Revenue $365
TOTAL REVENUE $5,331,616

Expense Breakdown

Grants Paid $600,000
Salaries & Benefits $2,829,176
Fundraising Expenses $0
Program Expenses $3,955,554
Other Expenses $1,327,688
TOTAL EXPENSES $4,756,864

Year-over-Year Comparison

2024 2023 Change
Revenue $5,331,616 $4,678,578 +0.1%
Expenses $4,756,864 $3,645,168 +0.3%
Net Income $574,752 $1,033,410 -0.4%
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

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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
12
Independent Members
12
Employees
94
Volunteers
20

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
12
$0
Key Employees
2
$834,493
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK KOBLENZ CEO - See Schedule J Part III 11
Key Emp Highest
$0 $51,923 $464,904
COURTNEY MULSON CFO - see Schedule J Part III 5
Key Emp Highest
$0 $49,359 $369,589
KAREN LOBEL CHAIR 2
Officer Director
$0 $0 $0
ROBERT FINKLE VICE-CHAIR 2
Officer Director
$0 $0 $0
DANIEL SANDERS TREASURER 2
Officer Director
$0 $0 $0
ELLEN SCHWARTZ SECRETARY 2
Officer Director
$0 $0 $0
JODY FERENCE BOARD MEMBER 1
Director
$0 $0 $0
ED MARINSTEIN BOARD MEMBER 1
Director
$0 $0 $0
KAREN GLASER BOARD MEMBER 1
Director
$0 $0 $0
ZALMAN SIMON BOARD MEMBER 1
Director
$0 $0 $0
IRA LOBEL BOARD MEMBER 1
Director
$0 $0 $0
CARYN POSKANZER BOARD MEMBER 1
Director
$0 $0 $0
RICH SOKOLER BOARD MEMBER 1
Director
$0 $0 $0
DEBORAH STAYMAN BOARD MEMNER 1
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 $5,331,616 $4,756,864 $15,163,816 $574,752
2023 $4,678,578 $3,645,168 $14,151,192 $1,033,410
2022 $4,473,161 $3,887,402 $12,850,964 $585,759
2021 $4,741,567 $3,564,299 $16,293,669 $1,177,268
2020 $4,294,333 $3,658,592 $15,727,335 $635,741
2019 $4,370,747 $3,477,541 $15,053,422 $893,206
2018 $4,183,927 $3,440,765 $14,136,152 $743,162
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