SYRACUSE, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ENRICHED RESOURCES FOR THE INDEPENDENT ELDERLY INC, founded in 1984, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $930K left a modest 8% surplus.
THE ENRICHED HOUSING PROGRAM ENABLES RESIDENTS TO RESIDE IN THEIR OWN APARTMENTS AND REMAIN INDEPENDENT VERSUS NURSING HOME PLACEMENT. SERVICES PROVIDED INCLUDE SOCIAL SERVICES, MEALS, MEDICATION MANAGMENT, HOUSEKEEPING, PERSONAL CARE AND RESIDENT ACTIVITIES.
THE ENRICHED HOUSING PROGRAM ENABLES THE RESIDENTS TO RESIDE IN THEIR OWN APARTMENTS AND REMAIN INDEPENDENT VERSUS NURSING HOME PLACEMENT. SERVICES PROVIDED INCLUDE SOCIAL SERVICES, MEALS, MEDICATION...
THE ENRICHED HOUSING PROGRAM ENABLES THE RESIDENTS TO RESIDE IN THEIR OWN APARTMENTS AND REMAIN INDEPENDENT VERSUS NURSING HOME PLACEMENT. SERVICES PROVIDED INCLUDE SOCIAL SERVICES, MEALS, MEDICATION MANAGEMENT, HOUSEKEEPING, PERSONAL CARE, AND ACTIVITIES. CURRENTLY ALL THE AVAILABLE APARTMENTS ARE AT THE TOOMEY ABBOTT TOWER, LOCATED AT 1207 ALMOND STREET, SYRACUSE, NEW YORK. TOOMEY ABBOTT TOWER IS A FEDERALLY-FUNDED PROGRAM PROVIDING PURLICH HOUSING THAT MUST MEET U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) INCOME AND ELIGIBILITY REQUIREMENTS. RESIDENTS MUST MEET BOTH THE HUD AND THE ENRICHED HOUSING PROGRAM REQUIREMENTS. TOOMEY ABBOT TOWER IS OWNED/MANAGED BY THE SYRACUSE HOUSING AUTHORITY WHO ALSO PROVIDES THE OF CERTAIN SPACE AT THE PROPERTY, FREE OF CHARGE, TO OPERATE THE ENRICHED HOUSING PROGRAM. THE PROGRAM HAS A CURRENT CERTIFICATE FROM THE NEW YORK STATE DEPARTMENT OF HEALTH TO OPERATE THE PROGRAM, FOR UP TO 95 RESIDENTS. THE NEW YORK STATE DEPARTMENT OF HEALTH IS RESPONSIBLE FOR THE OVERSIGHT AND SURVEILLANCE OF ADULT CARE FACILITIES (ACF) IN ACCORDANCE WITH NEW YORK STATE LAWS, REGULATIONS AND CODES AND CONDUCTS INSPECTIONS FOR CERTIFICATION PURPOSES EVERY 12 TO 18 MONTHS AT EACH ACF.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $1,012,899 | $764,059 | +0.3% |
| Expenses | $929,728 | $851,158 | +0.1% |
| Net Income | $83,171 | $-87,099 | -2.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JULIE EDMUNDS SMITH | CHAIRMAN | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN BERGEMANN | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KEVIN RANDALL | FINANCE CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| JORDAN JENNINGS | QUALITY CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| KAREN DABROWSKI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRANDY HARVEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KRISTEN HEATH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JULIANNE HIMES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $1,012,899 | $929,728 | $159,047 | $83,171 |
Compare ENRICHED RESOURCES FOR THE INDEPENDENT ELDERLY INC with other nonprofits in New York and across the country.