SOUTHEAST SENIOR CENTER FOR INDEPENDENT LIVING INC

EIN: 223116070 501(c)(3)

ENGLEWOOD, NJ

Total Revenue
$148,540
Total Expenses
$224,418
Total Assets
$821,759
Net Assets
$711,345
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
NJ
Principal Officer
MITCH SCHONFELD
Phone
2015694080
Tax Period
2018-07-01 to 2019-06-30

SOUTHEAST SENIOR CENTER FOR INDEPENDENT LIVING INC, founded in 1991, is a small nonprofit that reported $149K in total revenue in fiscal year 2018. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $224K exceeded revenue, resulting in a 51% operating deficit.

Mission

TO ENCOURAGE, SUSTAIN, AND SUPPORT MEANINGFUL, ACTIVE HEALTHY LIVES OF SENIOR CITIZENS WITH PROGRAMS AND SERVICES THAT ENRICH THE MIND, STRENGTHEN THE BODY AND LIST THE SPIRIT.

Program Service Accomplishments

Program 1
Expenses: $183,429 Revenue: $49,054

A COMMUNITY BASED HEALTHCARE SYSTEM WAS PROVIDED TO SENIOR CITIZENS (60 AND OVER) IN THE SOUTHEAST REGION OF BERGEN COUNTY.

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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 (2018)

Revenue Breakdown

Contributions & Grants $99,486
Program Service Revenue $0
Investment Income $0
Other Revenue $49,054
TOTAL REVENUE $148,540

Expense Breakdown

Grants Paid $0
Salaries & Benefits $87,226
Fundraising Expenses $0
Program Expenses $183,429
Other Expenses $137,192
TOTAL EXPENSES $224,418

Year-over-Year Comparison

2018 2017 Change
Revenue $148,540 $235,448 -0.4%
Expenses $224,418 $325,092 -0.3%
Net Income $-75,878 $-89,644 -0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
15
Employees
6
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
5
$16,154
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SERENA CARSON TRUSTEE 2.00
Director
$0 $0 $0
JACQUELINE EDWARDS TRUSTEE 2.00
Director
$0 $0 $0
BETTY FRANK TRUSTEE 2.00
Director
$0 $0 $0
NANCY MARKS TRUSTEE 2.00
Director
$0 $0 $0
LOUISE SCHWARTZ TRUSTEE 2.00
Director
$0 $0 $0
LARRY TONDEL TRUSTEE 2.00
Director
$0 $0 $0
BARBARA RYDER PRESIDENT 2.00
Officer Director
$0 $0 $0
SUSAN PROIETTI VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
JAMES COLE SECRETARY 2.00
Officer Director
$0 $0 $0
AL GUDITIS TREASURER 2.00
Officer Director
$0 $0 $0
SCOTT REDDIN EXECUTIVE DIRECTOR 35.00
Officer
$16,154 $0 $16,154
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
2019 $148,540 $224,418 $821,759 $-75,878
2018 $235,448 $325,092 $846,563 $-89,644
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