NUTLEY SENIOR CITIZENS HOUSING CORP

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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

WALTER SMITH

Phone

9736677071

Tax Period

2023-01-01 to 2023-12-31

NUTLEY SENIOR CITIZENS HOUSING CORP, founded in 1979, is a community nonprofit in the Housing & Shelter sector that reported $2.9M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $496K, a strong 17% operating margin.

Mission

THE ORGANIZATION PROVIDES LOW INCOME HUD SUBSIDIZED HOUSING FOR ELDERLY AND DISABLED INDIVIDUALS.

Program Service Accomplishments

Program 1

Expenses: $6,217

LOW INCOME HOUSING FOR ELDERLY AND DISABLED INDIVIDUALS, SUBSIDIZED BY THE FEDERAL HOUSING AND URBAN DEVELOPMENT (HUD)

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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 $2,954,670

Program Service Revenue $-31,847

Investment Income $6,928

Other Revenue $0

TOTAL REVENUE $2,929,751

Expense Breakdown

Grants Paid $0

Salaries & Benefits $361,595

Fundraising Expenses $0

Program Expenses $2,252,854

Other Expenses $2,072,573

TOTAL EXPENSES $2,434,168

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,929,751	$2,404,878	+0.2%
Expenses	$2,434,168	$1,924,320	+0.3%
Net Income	$495,583	$480,558	+0.0%

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

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
BEVERLY APPLE	TRUSTEE	N/A	Director	$0	$0	$0
BARBARA HIRSCH	TRUSTEE	N/A	Director	$0	$0	$0
JAMES H RAY	TRUSTEE	N/A	Director	$0	$0	$0
RICHARD SMITH	TRUSTEE	N/A	Director	$0	$0	$0
GERARD M PARISI MD	TRUSTEE	N/A	Director	$0	$0	$0
JAMES B GREENGROVE	TRUSTEE	N/A	Director	$0	$0	$0
WALTER SMITH	TREASURER	10.00	Officer Director	$0	$0	$0
JOANNA CONRAD	SECRETARY	N/A	Officer Director	$0	$0	$0
SALVATORE COCCO JR	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
JOHN BROWN	TRUSTEE	N/A	Director	$0	$0	$0
ANDREW GARRUTTO ESQ	TRUSTEE	N/A	Director	$0	$0	$0
ELIZABETH CASSELS TURANO	TRUSTEE	N/A	Director	$0	$0	$0
JOHN REDSTONE	TRUSTEE	N/A	Director	$0	$0	$0
MARGIT RADEMACHER	TRUSTEE	N/A	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	No data	No data	No data	No data
2023	$2,929,751	$2,434,168	$4,475,104	$495,583
2022	$2,404,878	$2,112,486	$4,054,287	$292,392
2021	$2,373,220	$1,895,831	$4,021,687	$477,389
2020	$2,390,263	$2,635,683	$3,803,789	$-245,420
2019	$2,410,918	$2,418,776	$4,206,753	$-7,858
2018	$2,377,588	$1,877,846	$4,442,080	$499,742