SAFE HARBORS OF THE HUDSON INC (EIN 141828476) - 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

2000

Legal Domicile

Phone

8455626940

Tax Period

2023-01-01 to 2023-12-31

SAFE HARBORS OF THE HUDSON INC, founded in 2000, is a community nonprofit in the Housing & Shelter sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 85% from the prior year, signaling strong growth momentum. The organization ran a surplus of $511K, a strong 21% operating margin.

Mission

To manage safe and attractive supportive housing and to provide life skills for the disadvantaged in the NYS Hudson Valley.In addition, the Organization is the developer and property manager of the Cornerstone Residences, a 128 unit low-income residential project in Newburgh,NY.

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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 $942,195

Program Service Revenue $1,327,653

Investment Income $45,144

Other Revenue $98,958

TOTAL REVENUE $2,413,950

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,220,387

Fundraising Expenses $18,910

Program Expenses $1,747,670

Other Expenses $682,429

TOTAL EXPENSES $1,902,816

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,413,950	$1,304,915	+0.8%
Expenses	$1,902,816	$1,405,488	+0.4%
Net Income	$511,134	$-100,573	-6.1%

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

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

$226,191

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lisa Silverstone	Executive Dir.	40.00	Officer	$127,649	$0	$127,649
Cathie Jones	CFO	40.00	Officer	$98,542	$0	$98,542
Bridget Hayes	President	0.25	Officer Director	$0	$0	$0
Maritza Calderon-Caballero	Vice President	0.25	Officer Director	$0	$0	$0
Elizabeth Rowley	Treasurer	0.25	Officer Director	$0	$0	$0
Virginia McCurdy	Secretary	0.25	Officer Director	$0	$0	$0
Ashley Collazo	Board member	0.25	Director	$0	$0	$0
Sergio Valentin	Board member	0.25	Director	$0	$0	$0
Jonathan Deull	Board member	0.25	Director	$0	$0	$0
Jacqui Jarmann	Board member	0.25	Director	$0	$0	$0
Nancy Layne	Board member	0.25	Director	$0	$0	$0
Anusha Mehar	Board Member	0.25	Director	$0	$0	$0
Likkia Moody	Board member	0.25	Director	$0	$0	$0
Angela Paul Gaito	Board member	0.25	Director	$0	$0	$0
Jules Ridgeway	Board member	0.25	Director	$0	$0	$0
Alicia Roe	Board member	0.25	Director	$0	$0	$0
Shawn Strong	board member	0.25	Director	$0	$0	$0
Willie Williams	board member	0.25	Director	$0	$0	$0
Candyce Young	board member	0.25	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	No data	No data	No data	No data
2023	$2,413,950	$1,902,816	$3,806,202	$511,134
2022	$1,304,915	$1,405,488	$3,485,078	$-100,573
2021	$1,801,738	$1,410,436	$3,665,327	$391,302
2020	$1,704,943	$1,344,682	$3,413,058	$360,261
2019	$1,606,269	$1,412,678	$2,820,226	$193,591
2018	$1,510,753	$1,232,926	$2,413,037	$277,827

SAFE HARBORS OF THE HUDSON INC