WEST BERGEN SPECIALIZED HOUSING INC

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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

2006

Legal Domicile

Principal Officer

MICHAEL TOZZOLI

Phone

2014443550

Tax Period

2024-07-01 to 2025-06-30

WEST BERGEN SPECIALIZED HOUSING INC, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $114K in total revenue in fiscal year 2024. Expenses of $203K exceeded revenue, resulting in a 79% operating deficit.

Mission

TO PROVIDE ELDERLY OR DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS.

Program Service Accomplishments

Program 1

Expenses: $166,330 Revenue: $77,434

WEST BERGEN SPECIALIZED HOUSING, INC. OPERATES AN 11-UNIT HOUSING PROJECT, NUMBER 031-HD145, IN RIDGEWOOD, NEW JERSEY. IT IS OPERATED UNDER SECTION 811 OF THE CRANSTON-GONZALEZ NATIONAL AFFORDABLE...

WEST BERGEN SPECIALIZED HOUSING, INC. OPERATES AN 11-UNIT HOUSING PROJECT, NUMBER 031-HD145, IN RIDGEWOOD, NEW JERSEY. IT IS OPERATED UNDER SECTION 811 OF THE CRANSTON-GONZALEZ NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED BY THE FRANK MELVILLE SUPPORTIVE HOUSING INVESTMENT ACT OF 2010 AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $35,899

Program Service Revenue $77,434

Investment Income $338

Other Revenue $0

TOTAL REVENUE $113,671

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $166,330

Other Expenses $202,912

TOTAL EXPENSES $202,912

Year-over-Year Comparison

	2024	2023	Change
Revenue	$113,671	$118,059	0.0%
Expenses	$202,912	$198,388	+0.0%
Net Income	$-89,241	$-80,329	+0.1%

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

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

$289,102

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN GIANGRASSO	TRUSTEE	1.00	Director	$0	$0	$0
JORDAN KAUFMAN	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL LANE	TRUSTEE	1.00	Director	$0	$0	$0
STEPHANIE CLARK	TRUSTEE	1.00	Director	$0	$0	$0
PETER HUGHES	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN KLENK	TRUSTEE	1.00	Director	$0	$0	$0
LOUIS GERBER	1ST V.P.	1.00	Officer Director	$0	$0	$0
NICOLE VANE OEHLER	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT STILLWELL	SECRETARY	1.00	Officer Director	$0	$0	$0
SYLVIA GOLDMANN	EXECUTIVE V.P.	1.00	Officer Director	$0	$0	$0
CHRISTINE KEARNEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL TOZZOLI	EXECUTIVE DIRECTOR, WEST B	1.00	Officer	$0	$10,645	$174,868
CARLTON MEIER	CHIEF FINANCIAL OFFICER, W	1.00	Officer	$0	$40,653	$114,234

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	$113,671	$202,912	$2,271,472	$-89,241
2024	$118,059	$198,388	$2,355,182	$-80,329
2023	$113,018	$238,432	$2,440,309	$-125,414
2022	$111,827	$216,317	$2,560,748	$-104,490
2021	$110,298	$191,689	$2,664,639	$-81,391
2020	$112,358	$191,765	$2,745,915	$-79,407
2019	$112,053	$187,795	$2,824,819	$-75,742