CEDARBROOK VILLAGE INCORPORATED

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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

2004

Legal Domicile

Principal Officer

CHRISTA SERAFIN

Phone

3157973114

Tax Period

2023-01-01 to 2023-12-31

CEDARBROOK VILLAGE INCORPORATED, founded in 2004, is a community nonprofit in the Housing & Shelter sector that reported $2.7M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

CEDARBROOK IS A LICENSED ASSISTED LIVING PROVIDER REGULATED BY THE NEW YORK STATE DEPARTMENT OF HEALTH. CEDARBROOK IS AFFILIATED WITH SITRIN HEALTH CARE CENTER.

Program Service Accomplishments

Program 1

Expenses: $2,444,410 Revenue: $2,590,664

CEDARBROOK PROVIDES VARIOUS LEVELS OF CARE TO INDIVIDUALS 62 YEARS OF AGE AND OLDER SO THAT THEY MAY LIVE INDEPENDENTLY WITH SUPPORT SERVICES AVAILABLE AS THEIR NEEDS CHANGE.IN 2023, CEDARBROOK'S...

CEDARBROOK PROVIDES VARIOUS LEVELS OF CARE TO INDIVIDUALS 62 YEARS OF AGE AND OLDER SO THAT THEY MAY LIVE INDEPENDENTLY WITH SUPPORT SERVICES AVAILABLE AS THEIR NEEDS CHANGE.IN 2023, CEDARBROOK'S TOTAL RESIDENT DAYS WERE 18,794 WITH A TOTAL OF 76 SENIORS SERVED.

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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 $24,873

Program Service Revenue $2,583,683

Investment Income $60,589

Other Revenue $6,981

TOTAL REVENUE $2,676,126

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,499,656

Fundraising Expenses $0

Program Expenses $2,444,410

Other Expenses $1,278,891

TOTAL EXPENSES $2,778,547

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,676,126	$2,395,760	+0.1%
Expenses	$2,778,547	$2,631,252	+0.1%
Net Income	$-102,421	$-235,492	-0.6%

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

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

$397,119

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADELE SOSSEN	DIRECTOR	0.50	Director	$0	$0	$0
CHET COHEN	DIRECTOR	0.50	Director	$0	$0	$0
DAVID GOLDBAS	TREASURER	2.00	Officer Director	$0	$0	$0
DR SUSAN BLATT	DIRECTOR	0.50	Director	$0	$0	$0
EDWARD KOWALSKY	DIRECTOR	0.50	Director	$0	$0	$0
ERNEST BERKOWITZ	DIRECTOR	0.50	Director	$0	$0	$0
LORI KAPLAN-FELICE	CHAIRMAN	2.00	Officer Director	$0	$0	$0
MARK SMITH	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
MARSHA SILVERMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL COMINSKY	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
RANDY ROCKFORD	DIRECTOR	0.50	Director	$0	$0	$0
VICTOR PEARLMAN	DIRECTOR	0.50	Director	$0	$0	$0
STEVEN ROSENFELD	DIRECTOR	0.50	Director	$0	$0	$0
RACHEL SMITH	DIRECTOR	0.50	Director	$0	$0	$0
CHRISTA SERAFIN	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$18,750	$290,474
DAVID WALLACE	VP OF ASSISTED LIVING	37.50	Officer	$99,385	$7,260	$106,645

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	$2,676,126	$2,778,547	$6,054,513	$-102,421
2022	$2,395,760	$2,631,252	$6,223,537	$-235,492
2021	$2,296,278	$2,308,746	$6,634,984	$-12,468
2020	$2,274,151	$2,394,551	$6,688,090	$-120,400
2019	$2,035,139	$2,169,275	$6,876,740	$-134,136
2018	$2,044,274	$2,177,346	$7,066,865	$-133,072