SENIOR CITIZENS HOUSING CORPORATION OF THE BOROUGH OF FREEHOLD (EIN 222168257) - 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

1975

Legal Domicile

Principal Officer

JAMES NOLAN HIGGINS

Phone

7327414880

Tax Period

2023-01-01 to 2023-12-31

SENIOR CITIZENS HOUSING CORPORATION OF THE BOROUGH OF FREEHOLD, founded in 1975, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2023. Expenses of $2.5M left a modest 14% surplus.

Mission

TO PROVIDE LOW AND MODERATE INCOME HOUSING , AS WELL AS ASSISTANCE UNDER THE FEDERAL SECTION 8 SUBSIDY PROGRAM.

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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 $0

Program Service Revenue $2,645,193

Investment Income $311,655

Other Revenue $-6,565

TOTAL REVENUE $2,950,283

Expense Breakdown

Grants Paid $0

Salaries & Benefits $483,479

Fundraising Expenses $0

Program Expenses $2,043,383

Other Expenses $2,058,594

TOTAL EXPENSES $2,542,073

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,950,283	$2,738,689	+0.1%
Expenses	$2,542,073	$2,602,295	0.0%
Net Income	$408,210	$136,394	+2.0%

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
JANE KAYE	DIRECTOR	1.00	Director	$0	$0	$0
SHARON SHUTZER	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD DALEY	TREASURER	1.00	Officer	$0	$0	$0
KEVIN FREEMAN	VICE PRESIDE	1.00	Officer	$0	$0	$0
JAMES NOLAN HIGGINS	PRESIDENT	2.00	Officer	$0	$0	$0
ROGER KANE	SECRETARY	1.00	Officer	$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	$2,950,283	$2,542,073	$13,345,843	$408,210
2022	$2,738,689	$2,602,295	$12,661,109	$136,394
2021	$2,716,880	$2,276,323	$12,426,652	$440,557
2020	$2,767,283	$2,238,011	$12,058,721	$529,272

SENIOR CITIZENS HOUSING CORPORATION OF THE BOROUGH OF FREEHOLD