EMERSON, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOME FOR THE ARMENIAN AGED INC, founded in 1938, is a small nonprofit in the Human Services sector that reported $642K in total revenue in fiscal year 2024. Revenue surged 189% from the prior year, signaling strong growth momentum.
THE MISSION OF THE ARMENIAN NURSING AND REHABILITATION CENTER IS TO PROVIDE QUALITY HEALTHCARE AND REHABILITATIVE SERVICES TO THE AGED AND INDIGENT, TO PROMOTE WELLNESS, RELIEVE SUFFERING, AND TO EXTEND CHARITABLE RELIEF TO PERSONS REGARDLESS OF RACE, GENDER, RELIGION, OR NATIONALITY.
THE ARMENIAN NURSING AND REHABILITATION CENTER, INC. (THE ORGANIZATION) IS A NEW JERSEY NOT-FOR-PROFIT CORPORATION ESTABLISHED IN 1938. THE ORGANIZATION'S OPERATIONS INCLUDED AN 86-BED LONG-TERM CARE...
THE ARMENIAN NURSING AND REHABILITATION CENTER, INC. (THE ORGANIZATION) IS A NEW JERSEY NOT-FOR-PROFIT CORPORATION ESTABLISHED IN 1938. THE ORGANIZATION'S OPERATIONS INCLUDED AN 86-BED LONG-TERM CARE FACILITY PROVIDING LONG-TERM SKILLED NURSING CARE. THE REHAB CENTER CLOSED ON 3/31/21. THE ACTIVITY IN FISCAL 3/31/25 WAS DUE TO CONTINUED CLEAN UP AND MAINTENANCE.CURRENTLY, THE BOARD IS WORKING ON NEW BUILDING PLANS WITH A COMBINED NY NJ BOARD. THE PLANS HAVE BEEN APPROVED BY THE BOARD. AN ENGINEERING FIRM AND LAW FIRM HAVE BEEN RETAINED TO MANAGE LAND USE AND OTHER ISSUES.
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 | $641,879 | $221,744 | +1.9% |
| Expenses | $701,082 | $253,516 | +1.8% |
| Net Income | $-59,203 | $-31,772 | +0.9% |
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 |
|---|---|---|---|---|---|---|
| ARTHUR BEDROSIAN | PRESIDENT | 1.00 |
Director
|
$0 | $0 | $0 |
| PETER BONJUKLIAN | TREASURER | 1.00 |
Director
|
$0 | $0 | $0 |
| KHOREN BANDAZIAN ESQ | RECORDING SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| DR CRAIG FROONJIAN DMD | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MATTHEW NALBANDIAN | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SONIA MARDINIAN | OMBUDSMAN | 1.00 |
Director
|
$0 | $0 | $0 |
| STEPHEN EPSTEIN | ADMINISTRATOR | 20.00 |
Officer
|
$43,100 | $0 | $43,100 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $641,879 | $701,082 | $583,018 | $-59,203 |
| 2024 | $221,744 | $253,516 | $575,912 | $-31,772 |
| 2023 | $246,588 | $223,213 | $614,005 | $23,375 |
| 2022 | $349,315 | $460,351 | $591,436 | $-111,036 |
| 2021 | $5,596,858 | $5,432,734 | $921,763 | $164,124 |
| 2020 | $7,757,663 | $6,705,002 | $5,103,671 | $1,052,661 |
| 2019 | $6,968,980 | $6,325,403 | $3,790,500 | $643,577 |
| 2018 | $5,639,451 | $5,423,921 | $3,147,598 | $215,530 |
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