SHALOM TOWERS INC C/O COMMUNITY REALTY MANAGEMENT INC (EIN 222260993) - 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

1982

Legal Domicile

Principal Officer

YALE STEINGARD

Phone

6096468861

Tax Period

2023-07-01 to 2024-06-30

SHALOM TOWERS INC C/O COMMUNITY REALTY MANAGEMENT INC, founded in 1982, is a community nonprofit in the Housing & Shelter sector that reported $2.7M in total revenue in fiscal year 2023. Expenses of $2.6M left a modest 5% surplus.

Mission

TO PROVIDE DECENT, AFFORABLE HOUSING FOR LOW-INCOME ELEDERLY AND DISABLED ON A NON-PROFIT BASIS.

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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 $50,000

Program Service Revenue $2,668,971

Investment Income $1,609

Other Revenue $0

TOTAL REVENUE $2,720,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $645,743

Fundraising Expenses $0

Program Expenses $2,439,375

Other Expenses $1,933,762

TOTAL EXPENSES $2,579,505

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,720,580	$2,649,184	+0.0%
Expenses	$2,579,505	$2,587,461	0.0%
Net Income	$141,075	$61,723	+1.3%

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

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
SHANE CONESKY	TRUSTEE	1.00	Director	$0	$0	$0
ELLIOTT KRAUS	SECRETARY	2.00	Officer Director	$0	$0	$0
MCKINSEY ALSTON	TRUSTEE	1.00	Director	$0	$0	$0
YALE STEINGARD	PRESIDENT	2.00	Officer Director	$0	$0	$0
FAYE THOMPSON	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD PRINCE	TRUSTEE	1.00	Director	$0	$0	$0
RYAN BRENNER	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	No data	No data	No data	No data
2024	$2,720,580	$2,579,505	$5,158,038	$141,075
2023	$2,649,184	$2,587,461	$3,850,637	$61,723
2022	$2,547,271	$2,522,868	$3,906,732	$24,403
2021	$2,503,071	$2,579,962	$4,027,860	$-76,891
2020	$2,463,405	$2,565,154	$4,227,241	$-101,749
2019	$2,411,026	$2,549,772	$4,339,704	$-138,746
2018	$2,368,660	$2,365,659	$4,719,431	$3,001

SHALOM TOWERS INC C/O COMMUNITY REALTY MANAGEMENT INC