CHARLES T SITRIN NETWORK OF HOMES & SERV INC

EIN: 150543936 501(c)(3)

NEW HARTFORD, NY

Total Revenue
$3,019,020
Total Expenses
$3,123,886
Total Assets
$5,075,934
Net Assets
$4,854,877
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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
1951
Legal Domicile
NY
Principal Officer
CHRISTA L SERAFIN
Phone
3157973114
Tax Period
2023-01-01 to 2023-12-31

CHARLES T SITRIN NETWORK OF HOMES & SERV INC, founded in 1951, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

THE CHARLES T. SITRIN NETWORK OF HOMES & SERVICES, INC. SERVES AS A PARENT AND SUPPORTING ORGANIZATION TO THE 501(C)3 SUBSIDIARY CORPORATIONS LISTED IN SCHEDULE R.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $77,190
Other Revenue $2,941,830
TOTAL REVENUE $3,019,020

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,407,290
Fundraising Expenses $0
Program Expenses $3,074,243
Other Expenses $716,596
TOTAL EXPENSES $3,123,886

Year-over-Year Comparison

2023 2022 Change
Revenue $3,019,020 $2,636,304 +0.1%
Expenses $3,123,886 $3,074,425 +0.0%
Net Income $-104,866 $-438,121 -0.8%
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
14
Independent Members
14
Employees
58
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
6
$290,474
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ERNEST BERKOWITZ BOARD MEMBER 0.50
Director
$0 $0 $0
DR SUSAN BLATT BOARD MEMBER 0.50
Director
$0 $0 $0
EDWARD KOWALSKY BOARD MEMBER 0.50
Director
$0 $0 $0
MICHAEL COMINSKY VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
MARK SMITH VICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
DAVID GOLDBAS TREASURER 2.00
Officer Director
$0 $0 $0
MARSHA SILVERMAN CORRESPONDING SECRETARY 2.00
Officer Director
$0 $0 $0
CHET COHEN BOARD MEMBER 0.50
Director
$0 $0 $0
RANDY ROCKFORD BOARD MEMBER 0.50
Director
$0 $0 $0
ADELE SOSSEN BOARD MEMBER 0.50
Director
$0 $0 $0
LORI KAPLAN FELICE CHAIRMAN 2.00
Officer Director
$0 $0 $0
STEVEN ROSENFELD BOARD MEMBER 0.50
Director
$0 $0 $0
VICTOR PEARLMAN BOARD MEMBER 0.50
Director
$0 $0 $0
RACHEL SMITH BOARD MEMBER 0.50
Director
$0 $0 $0
CHRISTA SERAFIN CEO 1.00
Officer
$271,724 $18,750 $290,474
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 $3,019,020 $3,123,886 $5,075,934 $-104,866
2022 $2,636,304 $3,074,425 $4,997,249 $-438,121
2021 $2,565,351 $2,517,546 $5,734,568 $47,805
2020 $2,565,674 $2,432,822 $5,579,255 $132,852
2019 $2,432,898 $2,396,840 $5,390,671 $36,058
2018 $2,494,648 $2,390,990 $5,151,796 $103,658
2018 $2,494,648 $2,390,990 $5,151,796 $103,658
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