ABIDING PEACE SENIOR HOUSING CORPORATION

EIN: 222886002 501(c)(3) Housing & Shelter

BURLINGTON, NJ

Total Revenue
$1,251,537
Total Expenses
$1,449,770
Total Assets
$7,571,442
Net Assets
$6,679,588
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
NJ
Principal Officer
COLLEEN P FRANKENFIELD
Phone
6093867171
Tax Period
2023-01-01 to 2023-12-31

ABIDING PEACE SENIOR HOUSING CORPORATION, founded in 1984, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.4M exceeded revenue, resulting in a 16% operating deficit.

Mission

A FAITH-BASED ORGANIZATION THAT PROVIDES HOUSING FOR THE ELDERLY WHO ARE AT LEAST 62 YEARS OLD.

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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 $24
Program Service Revenue $1,126,081
Investment Income $267
Other Revenue $125,165
TOTAL REVENUE $1,251,537

Expense Breakdown

Grants Paid $0
Salaries & Benefits $250,328
Fundraising Expenses $0
Program Expenses $1,339,818
Other Expenses $1,199,442
TOTAL EXPENSES $1,449,770

Year-over-Year Comparison

2023 2022 Change
Revenue $1,251,537 $1,140,832 +0.1%
Expenses $1,449,770 $1,599,065 -0.1%
Net Income $-198,233 $-458,233 -0.6%
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
10
Independent Members
9
Employees
11
Volunteers
9

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
6
$1,140,549
Total Directors
11
$772,114
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRAD HILDEBRANDT CHAIR 0.50
Officer Director
$0 $0 $0
KENNETH VAN DONGEN VICE CHAIR 0.50
Officer Director
$0 $0 $0
EDWARD P NOBLE TREASURER 0.50
Officer Director
$0 $0 $0
JUHAN RUNNE SECRETARY 0.50
Officer Director
$0 $0 $0
REV TRACIE BARTHOLOMEW TRUSTEE 0.50
Director
$0 $0 $0
REV STEPHEN GEWECKE TRUSTEE 0.50
Director
$0 $0 $0
RAFAEL HACISKI TRUSTEE 0.50
Director
$0 $0 $0
TERRY SHINE TRUSTEE 0.50
Director
$0 $0 $0
REV DR ANTHONY STEINBRONN TRUSTEE 0.50
Director
$0 $0 $0
LARRY SCHUMANN TRUSTEE (UNTIL 3/23) 0.50
Director
$0 $0 $0
COLLEEN P FRANKENFIELD PRESIDENT & CEO 0.50
Officer Director
$0 $44,785 $772,114
JEANNINE RICHMAN SR. VICE PRESIDENT & CFO 0.50
Officer
$0 $23,200 $368,435
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 $1,251,537 $1,449,770 $7,571,442 $-198,233
2022 $1,140,832 $1,599,065 $7,685,309 $-458,233
2021 $1,140,156 $1,536,089 $7,864,349 $-395,933
2020 $1,121,521 $1,449,198 $8,187,008 $-327,677
2019 $1,129,448 $1,426,874 $8,405,507 $-297,426
2018 $1,072,302 $1,382,225 $8,659,569 $-309,923
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