GATES SENIOR HOUSING INC

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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

2002

Legal Domicile

Principal Officer

LISA MARCELLO

Phone

5855468400

Tax Period

2023-01-01 to 2023-12-31

GATES SENIOR HOUSING INC, founded in 2002, is a community nonprofit in the Housing & Shelter sector that reported $4.2M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $4.7M exceeded revenue, resulting in a 12% operating deficit.

Mission

PROVIDE NON-HEALTH RELATED RESIDENTIAL CARE AND OTHER SERVICES TO THE ELDERLY IN GATES, NY.

Program Service Accomplishments

Program 1

Expenses: $3,835,274 Revenue: $4,145,473

SEABURY WOODS ENRICHED HOUSING FACILITY FOR THE ELDERLY. SERVED APPROXIMATELY 123 INDIVIDUALS IN 2023.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $99,884

Program Service Revenue $4,126,760

Investment Income $-1,866

Other Revenue $18,713

TOTAL REVENUE $4,243,491

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,654,881

Fundraising Expenses $0

Program Expenses $3,835,274

Other Expenses $2,078,332

TOTAL EXPENSES $4,733,213

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,243,491	$4,500,506	-0.1%
Expenses	$4,733,213	$4,475,202	+0.1%
Net Income	$-489,722	$25,304	-20.4%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$495,235

Total Directors

$349,538

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J BARCLAY CARPENTER	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL KING	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN BARR	DIRECTOR	1.00	Director	$0	$0	$0
ERIN BARRY	SECRETARY	1.00	Officer Director	$0	$0	$0
LISA MARCELLO	PRESIDENT/CEO	1.00	Officer Director	$0	$49,310	$349,538
RICHARD YATES	CHAIRMAN	1.00	Officer Director	$0	$0	$0
THE REV CANON ROBERT A PICKEN	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA THOMSEN	CFO	1.00	Officer	$0	$13,924	$145,697

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	$4,243,491	$4,733,213	$7,122,673	$-489,722
2022	$4,500,506	$4,475,202	$6,723,922	$25,304
2021	$4,526,482	$4,090,093	$5,989,671	$436,389
2020	$4,187,311	$4,311,771	$5,940,707	$-124,460
2019	$4,106,987	$3,944,220	$6,316,485	$162,767
2018	$3,839,490	$3,951,240	$6,422,665	$-111,750