EMPIRE COMMONS STUDENT HOUSING INC (EIN 141832659) - 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

2001

Legal Domicile

Principal Officer

GERARD MARINO

Phone

5189568120

Tax Period

2023-07-01 to 2024-06-30

EMPIRE COMMONS STUDENT HOUSING INC, founded in 2001, is a mid-sized nonprofit in the Education sector that reported $17.4M in total revenue in fiscal year 2023. The organization ran a surplus of $4.6M, a strong 27% operating margin.

Mission

TO CONSTRUCT AND OPERATE DORMITORY FACILITIES TO BE OCCUPIED BY STUDENTS ATTENDING THE STATE UNIVERSITY OF NEW YORK AT ALBANY.

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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 $0

Program Service Revenue $16,278,319

Investment Income $1,098,081

Other Revenue $0

TOTAL REVENUE $17,376,400

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $12,170,358

Other Expenses $12,748,757

TOTAL EXPENSES $12,748,757

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,376,400	$16,481,159	+0.1%
Expenses	$12,748,757	$12,430,922	+0.0%
Net Income	$4,627,643	$4,050,237	+0.1%

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

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

$539,267

Total Directors

$261,865

Key Employees

$403,676

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE SZELEST	PRESIDENT	0.50	Officer Director	$0	$0	$0
CLAUDIA HERNANDEZ	SECRETARY	0.50	Officer Director	$0	$92,054	$261,865
CHRISTOPHER KENNEDY	VICE-PRESIDENT	0.50	Officer Director	$0	$0	$0
GERARD MARINO	EXECUTIVE DIRECTOR	5.00	Officer	$0	$97,516	$277,402
MICHAEL CHRISTAKIS	ASSOCIATE EXEC DIRECTOR	0.50	Key Emp	$0	$141,906	$403,676

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	No data	No data	No data	No data
2024	$17,376,400	$12,748,757	$53,850,574	$4,627,643
2023	$16,481,159	$12,430,922	$48,469,411	$4,050,237
2022	$16,000,956	$12,296,399	$47,889,992	$3,704,557
2021	$10,543,506	$12,185,192	$46,326,558	$-1,641,686
2020	$15,431,793	$15,180,531	$49,758,789	$251,262
2019	$15,042,928	$10,979,185	$52,801,983	$4,063,743

EMPIRE COMMONS STUDENT HOUSING INC