HUDSON COMMUNITY ENTERPRISES 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

1957

Legal Domicile

Principal Officer

JOSEPH BROWN

Phone

2014343463

Tax Period

2024-07-01 to 2025-06-30

HUDSON COMMUNITY ENTERPRISES INC, founded in 1957, is a mid-sized nonprofit in the Employment sector that reported $23.5M in total revenue in fiscal year 2024.

Mission

HCE PROVIDES INDIVIDUALS WITH DISABILITIES THE SKILLS AND SUPPORT THEY NEED TO HAVE SUCCESSFUL WORK EXPERIENCES AND SUCCEED IN THE WORKPLACE. AS A RESULT, THEIR LIVES ARE IMPROVED AS THEY BECOME INDEPENDENT AND SELF-SUFFICIENT.

Program Service Accomplishments

Program 1

Expenses: $17,225,327 Revenue: $18,310,206

EMPLOYMENT SERVICES - TRAINING PROGRAMS AND EMPLOYMENT FOR INDIVIDUALS WITH VOCATIONAL DISABILITIES. THESE PROGRAMS ARE DESIGNED TO TRAIN AN INDIVIDUAL TO BE SUCCESSFULLY EMPLOYED. 500 CLIENTS WERE...

Program 2

Expenses: $3,444,764 Revenue: $251,508

VOCATIONAL REHABILITATION - COUNSELLING, TRAINING AND EVALUATING PEOPLE WITH DISABILITIES IN AN EFFORT FOR THEM TO ATTAIN INDEPENDENCE AND PRODUCTIVITY. 395 CLIENTS WERE SERVED DURING THE YEAR.

Program 3

Expenses: $1,055,936 Revenue: $712,352

EDUCATIONAL - EDUCATION PROGRAMS FOR BOTH YOUTH AND ADULTS WITH DISABILITIES AS WELL AS INDIVIDUALS WITH ECONOMIC DISADVANTAGES; THESE PROGRAMS ARE DESIGNED FOR OPTIMAL VOCATIONAL GROWTH. 325 CLIENTS...

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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 $3,952,029

Program Service Revenue $19,274,066

Investment Income $221,744

Other Revenue $69,457

TOTAL REVENUE $23,517,296

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,595,393

Fundraising Expenses $0

Program Expenses $21,726,027

Other Expenses $5,070,794

TOTAL EXPENSES $23,666,187

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,517,296	$21,882,930	+0.1%
Expenses	$23,666,187	$22,638,491	+0.0%
Net Income	$-148,891	$-755,561	-0.8%

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

766

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

$402,014

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONALD SHALJIAN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JAMES JACOBSON	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD GARBER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD FRIAGLIA	TRUSTEE	1.00	Director	$0	$0	$0
BRUCE GOODSTEIN	TRUSTEE	1.00	Director	$0	$0	$0
JEFF KAPLOWITZ	TRUSTEE	1.00	Director	$0	$0	$0
KONSTANTIN YUSIPOV	TREASURER	1.00	Officer Director	$0	$0	$0
EDWARD BOGOSIAN	TRUSTEE	1.00	Director	$0	$0	$0
KIRSTEN MICCO	TRUSTEE	1.00	Director	$0	$0	$0
STEVEN MARKARIAN	TRUSTEE	1.00	Director	$0	$0	$0
GAIL MARQUIS	TRUSTEE	1.00	Director	$0	$0	$0
HANNAH BARTGES	TRUSTEE	1.00	Director	$0	$0	$0
JOANNE KLOCEK	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH BROWN	PRESIDENT	35.00	Officer	$213,891	$0	$213,891
HAROLD T MASNAGHETTI	COO/EXECUTIVE VP	35.00	Officer	$175,261	$12,862	$188,123
CHRISTINE REMLER	VP - VOCATIONAL REHAB	35.00	Highest	$115,499	$13,930	$129,429
JUDANIA MEJIA	VP - ECM	35.00	Highest	$127,120	$3,947	$131,067
JOHN COX	VP - BMS	35.00	Highest	$138,911	$5,765	$144,676
ABBE MORELLO	VP - WORKFORCE DEVELOPMENT	35.00	Highest	$116,015	$15,517	$131,532

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	$23,517,296	$23,666,187	$16,376,699	$-148,891
2024	$21,882,930	$22,638,491	$16,701,679	$-755,561
2023	$22,572,186	$19,970,007	$17,605,014	$2,602,179
2022	$18,486,775	$18,003,738	$11,931,222	$483,037
2021	$18,606,476	$15,357,913	$11,068,519	$3,248,563
2020	$16,736,851	$17,116,177	$10,231,355	$-379,326