SENIOR CITIZEN HOUSING CORP OF SCOTCH PLAINS (EIN 223010591) - 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

1994

Legal Domicile

Phone

9086541313

Tax Period

2025-01-01 to 2025-12-31

SENIOR CITIZEN HOUSING CORP OF SCOTCH PLAINS, founded in 1994, is a community nonprofit that reported $2.5M in total revenue in fiscal year 2025. Revenue surged 72% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 51% operating margin.

Mission

Housing for the elderly in a 111 unit apartment building.

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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 (2025)

Revenue Breakdown

Contributions & Grants $30,000

Program Service Revenue $1,220,040

Investment Income $33,227

Other Revenue $1,263,021

TOTAL REVENUE $2,546,288

Expense Breakdown

Grants Paid $0

Salaries & Benefits $212,969

Fundraising Expenses $0

Program Expenses $1,069,044

Other Expenses $1,030,647

TOTAL EXPENSES $1,243,616

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,546,288	$1,481,869	+0.7%
Expenses	$1,243,616	$1,212,234	+0.0%
Net Income	$1,302,672	$269,635	+3.8%

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

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
Thomas E Atkins	Chairman	2.00	Officer Director	$0	$0	$0
Jeffery E Strauss	Vice Chairman	2.00	Officer Director	$0	$0	$0
James M Walsh	Treasurer	2.00	Officer Director	$0	$0	$0
Tom Strowe	Trustee	2.00	Director	$0	$0	$0
Ellen Zimmerman	Trustee	2.00	Director	$0	$0	$0
Kelly Price	Secretary	2.00	Director	$0	$0	$0
Bill Picard	Trustee	2.00	Director	$0	$0	$0
Ed Zazzali	Trustee	2.00	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
2025	$2,546,288	$1,243,616	$2,837,082	$1,302,672
2024	$1,481,869	$1,212,234	$2,770,326	$269,635
2023	$1,209,540	$1,136,907	$2,310,873	$72,633
2022	$1,141,318	$1,070,238	$2,585,972	$71,080
2021	$1,237,756	$993,151	$2,851,183	$244,605
2020	$1,237,776	$1,008,067	$2,937,315	$229,709

SENIOR CITIZEN HOUSING CORP OF SCOTCH PLAINS