LEASED HOUSING CORP OF SECAUCUS (EIN 222066146) - Form 990 Financial Analysis & Trantor Score

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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

2012

Legal Domicile

Principal Officer

WILLIAM SNYDER

Phone

2018672957

Tax Period

2024-04-01 to 2025-03-31

LEASED HOUSING CORP OF SECAUCUS, founded in 2012, is a small nonprofit that reported $359K in total revenue in fiscal year 2024. Expenses of $433K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PROMOTE AND ADVANCE LOW-RENT HOUSING FOR PERSONS OF LOW-INCOME IN THE TOWN OF SECAUCUS, COUNTY OF HUDSON, STATE OF NEW JERSEY

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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 $0

Program Service Revenue $323,538

Investment Income $4,753

Other Revenue $30,438

TOTAL REVENUE $358,729

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $357,186

Other Expenses $433,390

TOTAL EXPENSES $433,390

Year-over-Year Comparison

	2024	2023	Change
Revenue	$358,729	$345,423	+0.0%
Expenses	$433,390	$394,466	+0.1%
Net Income	$-74,661	$-49,043	+0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM CARR	VICE PRESIDENT	1.00	Officer	$0	$0	$0
JOAN CALI	TRUSTEE	1.00	Director	$0	$0	$0
CARLEEN PERRICONE	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD STEFFENS	PRESIDENT	1.00	Officer	$0	$0	$0
MARGARET CUTOLA	TRUSTEE	1.00	Director	$0	$0	$0
GEORGE BROEMMER	TRUSTEE	1.00	Director	$0	$0	$0
Michael Harper	TRUSTEE	1.00	Director	$0	$0	$0

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	$358,729	$433,390	$3,606,083	$-74,661
2024	$345,423	$394,466	$3,708,679	$-49,043
2023	$347,365	$391,773	$3,798,274	$-44,408
2022	$341,364	$385,065	$3,877,447	$-43,701
2021	$346,128	$373,073	$4,075,057	$-26,945
2020	$456,156	$453,254	$4,150,906	$2,902
2019	$351,668	$324,521	$4,176,295	$27,147
2018	$316,173	$475,403	$4,176,755	$-159,230

LEASED HOUSING CORP OF SECAUCUS