SENIOR CITIZENS HOUSING DEVELOPMENT FUND CORPOF STEUBEN CNTY TWO INC

EIN: 161467937 501(c)(3) Housing & Shelter

PLANTATION, FL

Total Revenue
$570,031
Total Expenses
$480,241
Total Assets
$1,413,195
Net Assets
$1,236,806
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
NY
Principal Officer
MELANIE RIBEIRO
Phone
9548359200
Tax Period
2023-04-01 to 2024-03-31

SENIOR CITIZENS HOUSING DEVELOPMENT FUND CORPOF STEUBEN CNTY TWO INC, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $570K in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $90K, a strong 16% operating margin.

Mission

OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

Program Service Accomplishments

Program 1
Expenses: $284,388 Revenue: $560,313

OPERATION OF LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED, REGULATED AND ASSISTED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).

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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 $2,657
Program Service Revenue $559,524
Investment Income $7,061
Other Revenue $789
TOTAL REVENUE $570,031

Expense Breakdown

Grants Paid $0
Salaries & Benefits $219,295
Fundraising Expenses $0
Program Expenses $284,388
Other Expenses $260,946
TOTAL EXPENSES $480,241

Year-over-Year Comparison

2023 2022 Change
Revenue $570,031 $457,363 +0.2%
Expenses $480,241 $483,016 0.0%
Net Income $89,790 $-25,653 -4.5%
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
7
Independent Members
6
Employees
6
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
5
$524,053
Total Directors
7
$26,541
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELANIE RIBEIRO DIRECTOR/VP 0.70
Officer
$0 $72,591 $497,512
JOHN OLSEN TREASURER 0.10
Officer Director
$0 $0 $26,541
MARIA CORDONE SECRETARY 0.30
Officer Director
$0 $0 $0
TONY FRANSETTA DIRECTOR 0.10
Director
$0 $0 $0
ZACK HOUSWORTH VP/DIRECTOR 0.40
Officer Director
$0 $0 $0
CAROLYN JOHNSON DIRECTOR 0.10
Director
$0 $0 $0
AMEY RUSAK DIRECTOR 0.10
Director
$0 $0 $0
CHRISTOPHER SHELTON PRESIDENT 0.50
Officer 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
2025 No data No data No data No data
2024 $570,031 $480,241 $1,413,195 $89,790
2023 $457,363 $483,016 $1,384,112 $-25,653
2022 $367,264 $457,348 $1,252,267 $-90,084
2021 $381,034 $434,866 $1,297,888 $-53,832
2020 $375,710 $376,171 $1,346,795 $-461
2019 $363,662 $401,873 $1,368,653 $-38,211
2018 $318,979 $381,964 $1,416,999 $-62,985
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