GREENWOOD RESIDENCES INC

EIN: 161345198 501(c)(3)

GETZVILLE, NY

Total Revenue
$1,673,678
Total Expenses
$1,166,696
Total Assets
$2,923,024
Net Assets
$2,839,593
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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
1989
Legal Domicile
NY
Principal Officer
ROBERT T MAYER
Phone
7166393311
Tax Period
2021-01-01 to 2021-12-31

GREENWOOD RESIDENCES INC, founded in 1989, is a community nonprofit that reported $1.7M in total revenue in fiscal year 2021. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $507K, a strong 30% operating margin.

Mission

THE MISSION OF MENORAH CAMPUS, INC. D/B/A THE HARRY AND JEANETTE WEINBERG CAMPUS, IS TO ADDRESS THE FULL NEEDS OF OLDER PEOPLE IN OUR REGION: MEDICAL, RESIDENTIAL, EMOTIONAL, FINANCIAL, SOCIAL, AND SPIRITUAL. GREENWOOD RESIDENCES, INC. IS A SUBSIDIARY OF MENORAH CAMPUS, INC. AND IS A COMMUNITY RESIDENCE WHICH PROVIDES FULL-TIME SUPERVISION IN A HOME-LIKE SETTING TO 26 PEOPLE WHO ARE MENTALLY DISABLED.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,673,678
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,673,678

Expense Breakdown

Grants Paid $0
Salaries & Benefits $791,712
Fundraising Expenses $0
Program Expenses $1,056,617
Other Expenses $374,984
TOTAL EXPENSES $1,166,696

Year-over-Year Comparison

2021 2020 Change
Revenue $1,673,678 $1,091,049 +0.5%
Expenses $1,166,696 $1,156,496 +0.0%
Net Income $506,982 $-65,447 -8.7%
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

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Governance

Voting Members
8
Independent Members
7
Employees
26
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
3
$353,020
Total Directors
9
$353,020
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT T MAYER PRESIDENT/CEO & ASSISTANT SECRETARY 1
Officer Director
$0 $110,521 $353,020
MATTHEW MCDOUGAL ADMINISTRATOR 0
Highest
$0 $0 $205,000
DAVID DUNKELMAN FORMER PRESIDENT/CEO 0
$0 $0 $178,723
MELISSA FEIDER HR DIRECTOR 0
Highest
$0 $20,621 $142,775
KENNETH A ROGERS CHAIRMAN 0.1
Officer Director
$0 $0 $0
RICHARD H GORDON SECRETARY 0.1
Officer Director
$0 $0 $0
LAWRENCE M COHEN DIRECTOR 0.1
Director
$0 $0 $0
MARK A CRIDEN DIRECTOR 0.1
Director
$0 $0 $0
ORRIN D TOBBE DIRECTOR 0.1
Director
$0 $0 $0
JANET K WISBAUM DIRECTOR 0.1
Director
$0 $0 $0
CYNTHIA A KOMM DIRECTOR 0.1
Director
$0 $0 $0
LITO GUTIERREZ DIRECTOR 0.1
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
2021 $1,673,678 $1,166,696 $2,923,024 $506,982
2020 $1,091,049 $1,156,496 $2,712,083 $-65,447
2019 $1,245,572 $1,119,253 $2,613,543 $126,319
2018 $1,265,099 $1,111,243 $2,629,041 $153,856
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