SUFFERN, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ESTHER GITLOW TOWERS II HOUSING DEVELOPMENT FUND CORP, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $901K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $1.2M exceeded revenue, resulting in a 39% operating deficit.
THE ORGANIZATION'S MISSION IS TO OFFER LOW-INCOME SENIOR CITIZENS WITH SAFE AND AFFORDABLE HOUSING. THE ORGANIZATION MAKES SURE EVERY TENANT GETS EVERY BENEFITS WHICH THEY ARE ENTITLED TO, WHICH HELPS REDUCE THEIR RENT AND MAKE LIVING AFFORDABLE.
THE ORGANIZATION IS TO OWN, MANAGE, AND OPERATE A SENIOR CITIZEN APARTMENT COMPLEX COMPRISING OF 80 UNITS. THE ORGANIZATION IS ADMINISTERED AND REGULATED BY U.S. DEPARTMENT OF HOUSING AND URBAN...
THE ORGANIZATION IS TO OWN, MANAGE, AND OPERATE A SENIOR CITIZEN APARTMENT COMPLEX COMPRISING OF 80 UNITS. THE ORGANIZATION IS ADMINISTERED AND REGULATED BY U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). UNDER THIS PROGRAM, THE ORGANIZATION OFFERS HOUSING TO THE LOW-INCOME SENIOR CITIZENS, SUBJECT TO REGULATION BY HUD AS TO RENTAL CHARGES AND OPERATING METHODS. LOWER RENTAL CHARGES TO TENANTS ARE RECOVERED BY HUD.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $901,435 | $768,974 | +0.2% |
| Expenses | $1,249,090 | $1,165,233 | +0.1% |
| Net Income | $-347,655 | $-396,259 | -0.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JEANNE FEFFERMAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DEANNA GITLOW | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DEVRA KANTOR | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GENE MOSKOWITZ | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ALLAN GITLOW | VP FUNDRAISING | 1.00 |
Officer
|
$0 | $0 | $0 |
| STEPHEN KEPNISS | TREASURER/INVESTMENT | 1.00 |
Officer
|
$0 | $0 | $0 |
| SUSAN MOSKOWITZ | VP MEMBERSHIP | 1.00 |
Officer
|
$0 | $0 | $0 |
| IRA PERLSTEIN | PRESIDENT | 1.00 |
Officer
|
$0 | $0 | $0 |
| SHARON SEIDEN | SECRETARY | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $901,435 | $1,249,090 | $9,370,241 | $-347,655 |
| 2024 | $768,974 | $1,165,233 | $9,717,096 | $-396,259 |
| 2023 | $765,163 | $1,122,130 | $10,104,938 | $-356,967 |
| 2022 | $751,350 | $1,033,561 | $10,458,277 | $-282,211 |
| 2021 | $740,450 | $1,028,505 | $10,733,240 | $-288,055 |
| 2020 | $746,690 | $961,477 | $11,011,290 | $-214,787 |
| 2019 | $748,263 | $954,482 | $11,211,770 | $-206,219 |
Compare ESTHER GITLOW TOWERS II HOUSING DEVELOPMENT FUND CORP with other nonprofits in New York and across the country.