South Orange Moderate Income Housing Corp (EIN 222779170) - 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

1987

Legal Domicile

Principal Officer

HAROLD COLTON-MAX

Phone

9737312020

Tax Period

2023-01-01 to 2023-12-31

South Orange Moderate Income Housing Corp, founded in 1987, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.5M exceeded revenue, resulting in a 28% operating deficit.

Mission

TO OWN AND OPERATE AN APARTMENT BUILDING FOR SENIOR CITIZENS IN SOUTH ORANGE, NEW JERSEY.

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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 $0

Program Service Revenue $1,172,113

Investment Income $65

Other Revenue $10,564

TOTAL REVENUE $1,182,742

Expense Breakdown

Grants Paid $0

Salaries & Benefits $277,847

Fundraising Expenses $0

Program Expenses $1,124,781

Other Expenses $1,239,071

TOTAL EXPENSES $1,516,918

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,182,742	$1,169,937	+0.0%
Expenses	$1,516,918	$1,552,217	0.0%
Net Income	$-334,176	$-382,280	-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

N/A

Volunteers

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

$720,167

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Harold Colton-Max	CHIEF EXECUTIVE OFFICER	1.0	Officer	$0	$41,000	$318,326
Stacey L Wilbur	COO	1.0	Officer	$0	$17,327	$201,877
Richard Weiner	CFO	1.0	Officer	$0	$7,849	$199,964
Scott Loventhal	PRESIDENT	1.0	Officer Director	$0	$0	$0
David Brooks	FIRST VP/Pres Elect	1.0	Officer Director	$0	$0	$0
Seth A Leeb	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
Paula Barber	SECRETARY	1.0	Officer Director	$0	$0	$0
Saul Berkowitz	TREASURER	1.0	Officer Director	$0	$0	$0
John F Levy	ASSISTANT TREASURER	1.0	Officer Director	$0	$0	$0
Adam Raiken	Trustee	1.0	Director	$0	$0	$0
Alan Cohen	Trustee	1.0	Director	$0	$0	$0
Arthur Schechner	Trustee	1.0	Director	$0	$0	$0
Bernard Rabbino	Trustee	1.0	Director	$0	$0	$0
Brian Saltzman	Trustee	1.0	Director	$0	$0	$0
Dr Cynthia Green	Trustee	1.0	Director	$0	$0	$0
David W Buckman	Trustee	1.0	Director	$0	$0	$0
David Wolfe	Trustee	1.0	Director	$0	$0	$0
Dennis Fruchter	Trustee	1.0	Director	$0	$0	$0
Eric S Francis	Trustee	1.0	Director	$0	$0	$0
Jamie Ramsfelder	Trustee	1.0	Director	$0	$0	$0
Jason Marx	Trustee	1.0	Director	$0	$0	$0
Jay Murnick	Trustee	1.0	Director	$0	$0	$0
Jay Rice	Trustee	1.0	Director	$0	$0	$0
Jeremy Neuer	Trustee	1.0	Director	$0	$0	$0
Dr John Halperin	Trustee	1.0	Director	$0	$0	$0
Martin Kalishman	Trustee	1.0	Director	$0	$0	$0
Marshall Tycher	Trustee	1.0	Director	$0	$0	$0
Miriam Adler	Trustee	1.0	Director	$0	$0	$0
Robert Berger	Trustee	1.0	Director	$0	$0	$0
Robin Leitner	Trustee	1.0	Director	$0	$0	$0
Samuel Pepper	Trustee	1.0	Director	$0	$0	$0
Sarah Larson	Trustee	1.0	Director	$0	$0	$0
Pat Sebold	Trustee	1.0	Director	$0	$0	$0
William Friedman	Trustee	1.0	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	$1,182,742	$1,516,918	$4,582,638	$-334,176
2022	$1,169,937	$1,552,217	$5,294,060	$-382,280
2021	$1,163,789	$1,582,166	$5,617,472	$-418,377
2020	$1,166,197	$1,409,629	$5,462,714	$-243,432
2019	$1,182,738	$1,636,317	$5,892,047	$-453,579
2018	$970,314	$1,637,942	$6,361,921	$-667,628

South Orange Moderate Income Housing Corp