PARSIPPANY-TROY HILLS SENIOR CITIZEN HOUSING CORP

EIN: 222295830 501(c)(3)

PARSIPPANY, NJ

Total Revenue
$3,512,259
Total Expenses
$2,723,114
Total Assets
$22,449,690
Net Assets
$22,244,348
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
NJ
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.

Program Service Accomplishments

Program 1
Expenses: $2,317,884

TO OPERATE AND MAINTAIN AN AFFORDABLE HOUSING COMMUNITY CONSISTING OF 191 UNITS FOR ELDERLY AND HANDICAPPED INDIVIDUALS PURSUANT TO SECTION 8 OF THE U.S. HOUSING ACT OF 1937 AS AMENDED.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
10
Independent Members
10
Employees
7
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
5
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
→Top 100 Nonprofits in New Jersey →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare PARSIPPANY-TROY HILLS SENIOR CITIZEN HOUSING CORP with other nonprofits in New Jersey and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.