JEWISH HOME OF CENTRAL NEW YORK SENIOR APARTMENTS INC (EIN 161585553) - Form 990 Financial Analysis & Trantor Score

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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

2000

Legal Domicile

Principal Officer

MICHAEL RILEY

Phone

3154499111

Tax Period

2023-01-01 to 2023-12-31

JEWISH HOME OF CENTRAL NEW YORK SENIOR APARTMENTS INC, founded in 2000, is a community nonprofit in the Housing & Shelter sector that reported $2.1M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $2.4M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO ASSURE MAXIMUM INDEPENDENCE AND DIGNITY FOR RESIDENTS, WITH A BROAD RANGE OF HEALTH, RESIDENTIAL, AND COMMUNITY SERVICES

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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 $166,611

Program Service Revenue $1,953,732

Investment Income $289

Other Revenue $1,013

TOTAL REVENUE $2,121,645

Expense Breakdown

Grants Paid $0

Salaries & Benefits $978,651

Fundraising Expenses $0

Program Expenses $1,780,391

Other Expenses $1,445,911

TOTAL EXPENSES $2,424,562

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,121,645	$1,641,931	+0.3%
Expenses	$2,424,562	$2,304,195	+0.1%
Net Income	$-302,917	$-662,264	-0.5%

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

Governance

Voting Members

Independent Members

Employees

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

$415,191

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ART DIAMOND	DIRECTOR	1.00	Director	$0	$0	$0
DAVID NEWMAN	DIRECTOR	1.00	Director	$0	$0	$0
FRAN CIARDULLO	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFFREY SCHEER	DIRECTOR	1.00	Director	$0	$0	$0
LUANA REEVES	SECRETARY	1.00	Officer Director	$0	$0	$0
JON MALOFF	TREASURER	1.00	Officer Director	$0	$0	$0
MARK SCHULMAN	DIRECTOR	1.00	Director	$0	$0	$0
TOM CARELLO	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN STEINMANN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL RILEY	CFO	2.00	Officer	$0	$5,717	$148,651
RUSSELL D'AMICO	CEO	2.00	Officer	$0	$10,252	$266,540

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	$2,121,645	$2,424,562	$5,330,379	$-302,917
2022	$1,641,931	$2,304,195	$5,377,961	$-662,264
2021	$2,115,341	$2,240,662	$5,458,662	$-125,321
2020	$2,231,582	$2,388,381	$5,670,666	$-156,799
2019	$2,420,748	$2,497,406	$5,789,766	$-76,658
2018	$2,432,598	$2,433,423	$6,012,982	$-825

JEWISH HOME OF CENTRAL NEW YORK SENIOR APARTMENTS INC