GEORGIAN COURT ESTATES SENIOR HOUSING CO

EIN: 204288247 501(c)(3)

NEW HARTFORD, NY

Total Revenue
$311,120
Total Expenses
$270,279
Total Assets
$1,158,620
Net Assets
$-3,883
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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
2005
Legal Domicile
NY
Principal Officer
CHRISTA SERAFIN
Phone
3157973114
Tax Period
2018-01-01 to 2018-12-31

GEORGIAN COURT ESTATES SENIOR HOUSING CO, founded in 2005, is a small nonprofit that reported $311K in total revenue in fiscal year 2018. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $270K left a modest 13% surplus.

Mission

APARTMENTS WITHOUT NURSING CARE FOR SENIORS WHO ARE 62 YEARS OF AGE OR OLDER.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $298,081
Investment Income $0
Other Revenue $13,039
TOTAL REVENUE $311,120

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $250,727
Other Expenses $270,279
TOTAL EXPENSES $270,279

Year-over-Year Comparison

2018 2017 Change
Revenue $311,120 $284,293 +0.1%
Expenses $270,279 $301,769 -0.1%
Net Income $40,841 $-17,476 -3.3%
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

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Governance

Voting Members
8
Independent Members
7
Employees
N/A
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
6
$335,623
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHET COHEN DIRECTOR 0.50
Director
$0 $0 $0
EDWARD KOWALSKY DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL SILVERMAN CHAIRMAN 1.00
Officer Director
$0 $0 $0
DR SUSAN BLATT VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
MICHAEL COMINSKY TREASURER 1.00
Officer Director
$0 $0 $0
MARSHA SILVERMAN SECRETARY 1.00
Officer Director
$0 $0 $0
RANDY ROCKFORD DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL DAMSKY DIRECTOR 0.50
Director
$0 $0 $0
CHRISTA L SERAFIN CHIEF EXECUTIVE OFFICER 1.00
Officer
$0 $12,960 $224,297
PATRICIA HAYS ADMINISTRATOR 2.00
Officer
$0 $2,640 $111,326
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
2018 $311,120 $270,279 $1,158,620 $40,841
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