NUTLEY SENIOR CITIZENS HOUSING CORP

EIN: 222333522 501(c)(3) Housing & Shelter

NUTLEY, NJ

Total Revenue
$2,929,751
Total Expenses
$2,434,168
Total Assets
$4,475,104
Net Assets
$-272,894
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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
NJ
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.

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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 (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

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Governance

Voting Members
15
Independent Members
15
Employees
11
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
3
$0
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
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
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