POTSDAM SANDSTONE SENIOR CITIZENS CLUB INC MIDTOWN APARTMENTS

EIN: 222234084 501(c)(3)

POTSDAM, NY

Total Revenue
$691,171
Total Expenses
$728,558
Total Assets
$3,885,511
Net Assets
$2,634,029
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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
1989
Legal Domicile
NY
Principal Officer
ROBERT SANTAMOOR
Phone
3152653680
Tax Period
2024-01-01 to 2024-12-31

POTSDAM SANDSTONE SENIOR CITIZENS CLUB INC MIDTOWN APARTMENTS, founded in 1989, is a small nonprofit that reported $691K in total revenue in fiscal year 2024. Net assets of $2.6M represent 46 months of operating reserves.

Mission

THE PURPOSE OF THIS ORGANIZATION SHALL BE TO PROMOTE THE GOOD AND WELFARE OF THE SENIOR CITIZENS OF POTSDAM AND THE SURROUNDING AREA, TO PROVIDE A CENTER WHERE ALL SENIOR CITIZENS MAY FIND COMPANIONSHIP AND RECREATION AND AN OPPORTUNITY FOR CONTINUING LIFE-LONG INTERESTS AND DEVELOPING NEW ONES, AND TO PROMOTE PROGRAMS THAT WILL BENEFIT AND ATTRACT SENIOR CITIZENS IN THIS AREA TO BECOME ACTIVE MEMBERS.

Program Service Accomplishments

Program 1
Expenses: $546,150 Revenue: $690,637

OPERATION OF A SIXTY FIVE (65) UNIT SUBSIDIZED HOUSING PROJECT FOR SENIOR CITIZENS & DISABLED PERSONS 18 YEARS OF AGE AND OLDER.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $678,388
Investment Income $534
Other Revenue $12,249
TOTAL REVENUE $691,171

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $546,150
Other Expenses $728,558
TOTAL EXPENSES $728,558

Year-over-Year Comparison

2024 2023 Change
Revenue $691,171 $649,865 +0.1%
Expenses $728,558 $672,468 +0.1%
Net Income $-37,387 $-22,603 +0.7%
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

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Governance

Voting Members
10
Independent Members
10
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
6
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA WILKINSON PRESIDENT 1.00
Officer Director
$0 $0 $0
TINA PECK VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
VIVIAN SHERMAN TREASURER 1.00
Officer Director
$0 $0 $0
NANCY MATTHEWS SECRETARY 1.00
Officer Director
$0 $0 $0
GAIL BISONETTE ASST. SECRETARY 1.00
Officer Director
$0 $0 $0
TERRI ROSSI ASST. TREASURER 1.00
Officer Director
$0 $0 $0
CATHY CORRICE DIRECTOR 1.00
Director
$0 $0 $0
CANDY WRIGHT DIRECTOR 1.00
Director
$0 $0 $0
PAT IRWIN DIRECTOR 1.00
Director
$0 $0 $0
KAY DEPERNO DIRECTOR 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
2024 $691,171 $728,558 $3,885,511 $-37,387
2023 $649,865 $672,468 $4,133,242 $-22,603
2022 $659,355 $651,287 $3,546,979 $8,068
2021 $722,998 $649,066 $3,579,397 $73,932
2020 $735,353 $697,808 $3,559,613 $37,545
2019 $689,093 $622,148 $3,593,776 $66,945
2018 $667,955 $631,109 $3,594,495 $36,846
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