ELM COURT INC

EIN: 208984541 501(c)(3) Health Care

PRINCETON, NJ

Total Revenue
$1,884,550
Total Expenses
$1,839,496
Total Assets
$3,935,846
Net Assets
$-3,557,234
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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
NJ
Principal Officer
EDWARD TRUSCELLI
Phone
6099243822
Tax Period
2023-01-01 to 2023-12-31

ELM COURT INC, founded in 2007, is a community nonprofit in the Health Care sector that reported $1.9M in total revenue in fiscal year 2023.

Mission

PROVIDE SENIORS AND MOBILITY IMPAIRED ADULTS WITH QUALITY HOMES IN A WELCOMING AND DIVERSE COMMUNITY OFFER SOCIAL AND SUPPORTIVE OPPORTUNITIES AND ENSURE ACCESS TO THE PRINCETON COMMUNITY FOR OUR RESIDENTS, ALL OF WHOM HAVE INCOMES BELOW 50% OF THE COUNTY MEDIAN INCOME.

Program Service Accomplishments

Program 1
Expenses: $1,623,373 Revenue: $1,863,644

ELM COURT, INC OWNS 66 ONE-BEDROOM APARTMENTS AND 22 STUDIOS AND OPERATES UNDER THE HUD SECTION 202 PROGRAM WITH A SECTION 8 HOUSING ASSISTANCE PAYMENT CONTRACT. THIS ALLOWS US TO SET RENTS AT NO...

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ELM COURT, INC OWNS 66 ONE-BEDROOM APARTMENTS AND 22 STUDIOS AND OPERATES UNDER THE HUD SECTION 202 PROGRAM WITH A SECTION 8 HOUSING ASSISTANCE PAYMENT CONTRACT. THIS ALLOWS US TO SET RENTS AT NO MORE THAN 30% OF EACH RESIDENT'S ADJUSTED GROSS INCOME. PCH DEVELOPMENT CORP, A 50L(C)3 ENTITY, MANAGES THE BUILDING AND OPERATIONS A LICENSED SOCIAL WORKER IS ON SITE TO ASSIST RESIDENTS WITH REFERRALS TO COMMUNITY RESOURCES AND STATE-SPONSORED PROGRAMS. FREE BUS SERVICE TO PRINCETON'S SHOPPING AREAS, LIBRARY, AND SENIOR RESOURCE CENTER OPERATES SIX DAYS A WEEK, AND WE ALSO PROVIDE WEEKLY SHUTILE SERVICE TO REGIONAL SHOPPING AREAS. WE MAKE HAIR AND PODIATRY CARE AVAILABLE ON A REGULAR SCHEDULE WE STRIVE TO BUILD A STRONG COMMUNITY FOR OUR RESIDENTS, LINKING THEM TO THE SENIORS IN NEIGHBORING ELM COURT II, INC AND EMPOWERING THEM TO LEAD MEANINGFUL LIVES. A RESIDENTS ASSOCIATION MEETS REGULARLY WITH STAFF AND SPONSORS A NEWSLETIER AND REGULAR COMMUNITY GATHERINGS RESIDENTS PARTICIPATE IN ACTIVITIES SUCH AS CHAIR EXERCISE AND ART LESSONS, HEALTH INFORMATION LECTURES, AND TED TALK DISCUSSION GROUPS. COMMUNITY LOUNGES ENABLE CONCERTS AND HOLIDAY CELEBRATIONS THE COMMUNITY GARDEN, CREATED BY VOLUNTEERS AND LOCAL DONORS, HAS BECOME A HIGHLIGHT OF ELM COURT LIFE RESIDENTS GROW FRUITS, VEGETABLES, AND FLOWERS THREE SEASONS OF THE YEAR IN THE MORE THAN 50 PLOTS-SOME DESIGNED WITH RAISED OR WHEELCHAIR ACCESSIBLE BEDS.

Program 2

ELM COURT PARTICIPATES IN THE NJ DEPARTMENT OF HUMAN SERVICES CONGREGATE HOUSING SERVICES PROGRAM. RESIDENTS WITH FINANCIAL AND PERSONAL NEED MAKE CO-PAYMENTS ON A SLIDING SCALE, AND RECEIVE DAILY...

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ELM COURT PARTICIPATES IN THE NJ DEPARTMENT OF HUMAN SERVICES CONGREGATE HOUSING SERVICES PROGRAM. RESIDENTS WITH FINANCIAL AND PERSONAL NEED MAKE CO-PAYMENTS ON A SLIDING SCALE, AND RECEIVE DAILY HOT LUNCHES, LIGHT HOUSEKEEPING AND PERSONAL CARE FROM CERTIFIED HOME HEALTH AIDES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $4,500
Program Service Revenue $1,862,489
Investment Income $16,406
Other Revenue $1,155
TOTAL REVENUE $1,884,550

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,623,373
Other Expenses $1,839,496
TOTAL EXPENSES $1,839,496

Year-over-Year Comparison

2023 2022 Change
Revenue $1,884,550 $1,814,023 +0.0%
Expenses $1,839,496 $1,741,393 +0.1%
Net Income $45,054 $72,630 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
16

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
$359,002
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ABREAH SANTIAGO BOARD MEMBER 1.00
Director
$0 $0 $0
ALICE K SMALL PRESIDENT 1.00
Officer Director
$0 $0 $0
C VANLEER DAVIS BOARD MEMBER 1.00
Director
$0 $0 $0
CHAD KLAUS BOARD MEMBER 1.00
Director
$0 $0 $0
DANIELA BONAFEDE-CHHABRA BOARD MEMBER 1.00
Director
$0 $0 $0
ELIZABETH HOCK BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES DEMETRIADES BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN W GILMORE BOARD MEMBER 1.00
Director
$0 $0 $0
KATHLEEN K FAREWELL VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MARGARET GRIFFIN BOARD MEMBER 1.00
Director
$0 $0 $0
NICOLE SHELTON BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD GITTLEMAN BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT FERNHOLZ SECRETARY 1.00
Officer Director
$0 $0 $0
SONIA CHADHA BOARD MEMBER 1.00
Director
$0 $0 $0
TONY CAPOZZOLI TREASURER 1.00
Officer Director
$0 $0 $0
VALERIE HAYNES BOARD MEMBER 1.00
Director
$0 $0 $0
EDWARD TRUSCELLI EXECUTIVE DIRECTOR 1.00
Officer
$0 $37,693 $207,130
JANET MCCLAFFERTY FINANCE DIRECTOR 1.00
Officer
$0 $17,414 $151,872
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 $1,884,550 $1,839,496 $3,935,846 $45,054
2022 $1,814,023 $1,741,393 $4,017,922 $72,630
2021 $1,758,412 $1,650,893 $4,066,602 $107,519
2020 $1,648,368 $1,787,045 $4,082,577 $-138,677
2019 $1,663,804 $1,606,736 $4,388,726 $57,068
2018 $1,670,866 $1,630,420 $4,564,663 $40,446
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