ALDERSGATE RETIREMENT INC (EIN 161676095) - 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

2003

Legal Domicile

Principal Officer

REV RUBEN VELASCO

Phone

3055565654

Tax Period

2022-07-01 to 2023-06-30

ALDERSGATE RETIREMENT INC, founded in 2003, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2022. Expenses of $6.2M left a modest 4% surplus.

Mission

OPERATION OF A RETIREMENT LIVING FACILITY DESIGNED TO MEET NEEDS OF ELDERLY AND HANDICAPPED PERSONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $6,450,129

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,450,129

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,854,923

Fundraising Expenses $0

Program Expenses $5,589,627

Other Expenses $2,330,192

TOTAL EXPENSES $6,185,115

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,450,129	$6,318,103	+0.0%
Expenses	$6,185,115	$7,462,075	-0.2%
Net Income	$265,014	$-1,143,972	-1.2%

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

190

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

$12,000

Total Directors

$12,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MADELYN SIMON LOZANO	EXECUTIVE DIRECTOR	20.00	Officer Director	$12,000	$0	$12,000
ELVIRA MOUNTAIN	CHAIR	1.00	Officer Director	$0	$0	$0
JUDITH PIERRE-OKERSON	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA RANDOLPH	DIRECTOR	1.00	Director	$0	$0	$0
REV AUDREY WARREN	DIRECTOR	1.00	Director	$0	$0	$0
BELINDA BACON	DIRECTOR	1.00	Director	$0	$0	$0
PAUL MOSKOWITZ	DIRECTOR	1.00	Director	$0	$0	$0
REV RENE RAMIREZ	DIRECTOR	1.00	Director	$0	$0	$0
REV CYNTHIA WEEMS	DIRECTOR	1.00	Director	$0	$0	$0
LINDA LOM	DIRECTOR	1.00	Director	$0	$0	$0
ROSSARIO GARCIA	DIRECTOR OF NURSING	40.00	Highest	$118,327	$0	$118,327

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	No data	No data	No data	No data
2023	$6,450,129	$6,185,115	$158,411	$265,014
2022	$6,318,103	$7,462,075	$2,593,733	$-1,143,972
2021	$6,541,744	$7,165,040	$3,351,583	$-623,296
2020	$6,374,893	$6,771,185	$4,412,095	$-396,292
2019	$6,337,293	$6,480,123	$3,254,293	$-142,830
2018	$6,365,508	$6,221,334	$3,033,159	$144,174

ALDERSGATE RETIREMENT INC