PARSIPPANY-TROY HILLS SENIOR CITIZEN HOUSING CORP (EIN 222295830) - 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

1979

Legal Domicile

Principal Officer

BRUCE BENSON

Phone

8564861990

Tax Period

2023-01-01 to 2023-12-31

PARSIPPANY-TROY HILLS SENIOR CITIZEN HOUSING CORP, founded in 1979, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2023. The organization ran a surplus of $789K, a strong 22% operating margin.

Mission

THE ORGANIZATION'S PRIMARY PUPROSE IS TO ASSIST LOW AND MODERATE INCOME ELDERLY AND DISABLED INDIVIDUALS WITH THEIR HOUSING NEEDS.

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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 $2,690,877

Program Service Revenue $645,781

Investment Income $175,601

Other Revenue $0

TOTAL REVENUE $3,512,259

Expense Breakdown

Grants Paid $39,101

Salaries & Benefits $557,790

Fundraising Expenses $0

Program Expenses $2,317,884

Other Expenses $2,126,223

TOTAL EXPENSES $2,723,114

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,512,259	$3,469,902	+0.0%
Expenses	$2,723,114	$2,755,079	0.0%
Net Income	$789,145	$714,823	+0.1%

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

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
BRUCE T BENSON	President	0.76	Officer Director	$0	$0	$0
ROBERT DE GUARDE	MEMBER	0.76	Director	$0	$0	$0
ROBERT V ROBERTI	Secretary	0.76	Officer Director	$0	$0	$0
KENNETH L GARBARINO	MEMBER	0.76	Director	$0	$0	$0
GERALYN DILLUIVO	MEMBER	0.76	Director	$0	$0	$0
JOSEPH C TRINKLE	Secretary	0.76	Officer Director	$0	$0	$0
SATYA KONKESA	Treasurer	0.76	Officer Director	$0	$0	$0
JANICE McCARTHY	MEMBER	0.76	Director	$0	$0	$0
HELENE WARM	MEMBER	0.76	Director	$0	$0	$0
JOHN H SCHLITT	Vice President	0.76	Officer 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	No data	No data	No data	No data
2023	$3,512,259	$2,723,114	$22,449,690	$789,145
2022	$3,469,902	$2,755,079	$19,750,510	$714,823
2021	$3,337,566	$2,511,371	$21,766,065	$826,195
2020	$3,348,427	$2,409,491	$19,363,312	$938,936
2019	$3,343,262	$2,198,529	$17,066,678	$1,144,733
2018	$3,117,830	$2,272,221	$14,659,852	$845,609

PARSIPPANY-TROY HILLS SENIOR CITIZEN HOUSING CORP