WESTFIELD SENIOR CITIZENS HOUSING CORPORATION (EIN 222083588) - 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

1977

Legal Domicile

Principal Officer

Elizabeth A Fennik

Phone

9082335898

Tax Period

2023-01-01 to 2023-12-31

WESTFIELD SENIOR CITIZENS HOUSING CORPORATION, founded in 1977, is a community nonprofit in the Housing & Shelter sector that reported $4.9M in total revenue in fiscal year 2023. Expenses of $7.0M exceeded revenue, resulting in a 43% operating deficit.

Mission

To extend the independence of senior citizens through the provision of comfortable, affordable housing in conjunction with social and recreational activities.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,564,652

Program Service Revenue $1,107,569

Investment Income $226,959

Other Revenue $916

TOTAL REVENUE $4,900,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,502,688

Fundraising Expenses $0

Program Expenses $5,386,505

Other Expenses $5,485,935

TOTAL EXPENSES $6,988,623

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,900,096	$4,747,355	+0.0%
Expenses	$6,988,623	$3,107,440	+1.2%
Net Income	$-2,088,527	$1,639,915	-2.3%

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

Volunteers

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

$289,682

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Mount	President	2.00	Officer Director	$0	$0	$0
Tim Herzog	Vice President	2.00	Officer Director	$0	$0	$0
Gerald Robinson	Secretary	2.00	Officer Director	$0	$0	$0
John Lesher	Treasurer	2.00	Officer Director	$0	$0	$0
Bruce E Long	Trustee	2.00	Director	$0	$0	$0
Lenore C Scurry	Trustee	2.00	Director	$0	$0	$0
Neil Sullivan	Trustee	2.00	Director	$0	$0	$0
Rosemary Millet	Trustee	2.00	Director	$0	$0	$0
John Duffy	Trustee	2.00	Director	$0	$0	$0
Thomas Quinn	Trustee	2.00	Director	$0	$0	$0
William Fitzpatrick	Trustee	2.00	Director	$0	$0	$0
Margaret Blanco	Trustee	2.00	Director	$0	$0	$0
Ray Lucas	Trustee	2.00	Director	$0	$0	$0
Darlene Gibbon	Trustee	2.00	Director	$0	$0	$0
Elizabeth A Fennik	Executive Director	35.00	Officer	$270,325	$19,357	$289,682
Robert Tarte	Trustee	2.00	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
2024	No data	No data	No data	No data
2023	$4,900,096	$6,988,623	$67,878,745	$-2,088,527
2022	$4,747,355	$3,107,440	$52,611,155	$1,639,915
2021	$6,483,866	$3,800,140	$56,586,054	$2,683,726
2020	$5,019,905	$3,451,638	$53,675,434	$1,568,267
2019	$5,108,055	$3,197,384	$49,874,358	$1,910,671
2018	$5,391,969	$3,122,552	$46,028,699	$2,269,417

WESTFIELD SENIOR CITIZENS HOUSING CORPORATION