SECAUCUS, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HUDSON LUTHERAN HOUSING CORPORATION, founded in 1981, is a small nonprofit that reported $195K in total revenue in fiscal year 2019. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $32.4M exceeded revenue, resulting in a 16489% operating deficit.
TO PROVIDE RENTAL HOUSING RELATED FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THE PHYSICAL, SPIRITUAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF ELDERLY AND HANDICAPPED PERSONS.
THE ORGANIZATION OWNED AND OPERATED A SECTION 202 HUD FINANCED MULTIFAMILY HOUSING PROJECT FOR THE ELDERLY WHICH WAS SOLD DURING 2018. DURING 2019, THE ORGANIZATION PROVIDED GRANTS TO ORGANIZATIONS...
THE ORGANIZATION OWNED AND OPERATED A SECTION 202 HUD FINANCED MULTIFAMILY HOUSING PROJECT FOR THE ELDERLY WHICH WAS SOLD DURING 2018. DURING 2019, THE ORGANIZATION PROVIDED GRANTS TO ORGANIZATIONS THAT SUPPORTED THEIR FORMER RESIDENTS AND INDIVIDUALS WHO PROVIDED ASSISTANCE AND SERVICES TO THEIR FORMER RESIDENTS. UPON THE DISSOLUTION OF THE ORGANIZATION THE REMAINING ASSETS WERE CONTRIBUTED TO A RELATED 501(C)(3) NON-PROFIT CORPORATION CALLED HUDSON LUTHERAN CHARITY, INC. (EIN 22-2888885).
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2019 | 2018 | Change | |
|---|---|---|---|
| Revenue | $195,483 | $33,992,200 | -1.0% |
| Expenses | $32,427,866 | $2,016,818 | +15.1% |
| Net Income | $-32,232,383 | $31,975,382 | -2.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TREVOR CORSO | PRESIDENT | 1.00 |
Officer
Director
|
$46,500 | $0 | $52,500 |
| KARYN LUSSKIN | SECRETARY | 1.00 |
Officer
Director
|
$37,438 | $0 | $44,501 |
| JANET KIRK | VICE-PRESIDENT | 1.00 |
Officer
Director
|
$7,500 | $0 | $13,500 |
| CARMITA CORTES | BOARD MEMBER | 1.00 |
Director
|
$39,000 | $0 | $45,000 |
| DR WILLIAM SMITH | BOARD MEMBER | 1.00 |
Director
|
$46,500 | $0 | $52,500 |
| KENNETH WESSLER | BOARD MEMBER | 1.00 |
Director
|
$29,000 | $0 | $33,500 |
| MARCO DELUCIA | BOARD MEMBER | 1.00 |
Director
|
$49,000 | $0 | $55,000 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2019 | $195,483 | $32,427,866 | No data | $-32,232,383 |
| 2018 | $33,992,200 | $2,016,818 | $37,567,473 | $31,975,382 |
Compare HUDSON LUTHERAN HOUSING CORPORATION with other nonprofits in New Jersey and across the country.