ST MARK'S TERRACE HOUSING DEVELOPMENT FUND CORPORATION

EIN: 160958516 501(c)(3)

PENN YAN, NY

Total Revenue
$706,256
Total Expenses
$659,473
Total Assets
$1,039,548
Net Assets
$813,178
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
NY
Principal Officer
JAMIE L SHOEMAKER
Phone
3155362440
Tax Period
2024-01-01 to 2024-12-31

ST MARK'S TERRACE HOUSING DEVELOPMENT FUND CORPORATION, founded in 1968, is a small nonprofit that reported $706K in total revenue in fiscal year 2024. Expenses of $659K left a modest 7% surplus.

Mission

TO PROVIDE A SECURE AND HOSPITABLE ENVIRONMENT THAT ENABLES ITS RESIDENTS TO MAINTAIN DIGNITY AND INDEPENDENCE, WITH ACCESS TO HEALTH CARE SERVICES, AS WELL AS SOCIAL, RECREATIONAL AND SPIRITUAL ACTIVITIES.

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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 $0
Program Service Revenue $634,672
Investment Income $6,777
Other Revenue $64,807
TOTAL REVENUE $706,256

Expense Breakdown

Grants Paid $0
Salaries & Benefits $273,073
Fundraising Expenses $0
Program Expenses $444,861
Other Expenses $386,400
TOTAL EXPENSES $659,473

Year-over-Year Comparison

2024 2023 Change
Revenue $706,256 $702,856 +0.0%
Expenses $659,473 $731,355 -0.1%
Net Income $46,783 $-28,499 -2.6%
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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Governance

Voting Members
10
Independent Members
10
Employees
16
Volunteers
10

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
5
$117,551
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
REV COLUMBA SALAMONY PRESIDENT 0.50
Officer Director
$0 $0 $0
JAMES HARRIS VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
MARGIE LONG SECRETARY 0.50
Officer Director
$0 $0 $0
SUSAN BARON BOARD MEMBER 0.50
Director
$0 $0 $0
JESSICA BACHER BOARD MEMBER 0.50
Director
$0 $0 $0
GAIL BELMORE TREASURER 0.50
Officer Director
$0 $0 $0
RAY SPENCER BOARD MEMBER 0.50
Director
$0 $0 $0
DR CRAIG SANDBERG BOARD MEMBER 0.50
Director
$0 $0 $0
JIM HENDERSON BOARD MEMBER 0.50
Director
$0 $0 $0
ANN WOLDEN BOARD MEMBER 0.50
Director
$0 $0 $0
DEBRA HAFLEIGH ADMINISTRATOR 20.00
Officer
$56,954 $13,294 $117,551
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 $706,256 $659,473 $1,039,548 $46,783
2023 $702,856 $731,355 $1,056,664 $-28,499
2022 $652,482 $740,803 $1,129,403 $-88,321
2021 $839,562 $792,525 $968,150 $47,037
2020 $873,782 $836,602 $980,729 $37,180
2019 $828,178 $805,523 $1,029,181 $22,655
2018 $847,468 $840,899 $1,073,028 $6,569
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