KNOLL VIEW CORPORATION

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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

Principal Officer

FRANCESCA MCKERNAN

Phone

9737294311

Tax Period

2024-01-01 to 2024-12-31

KNOLL VIEW CORPORATION, founded in 1994, is a micro nonprofit in the Housing & Shelter sector that reported $802 in total revenue in fiscal year 2024. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $155K exceeded revenue, resulting in a 19266% operating deficit.

Mission

DEVELOPMENT AND OPERATION OF A 32 UNIT CONGREGATE CARE FACILITY FOR ELDERLY RESIDENTS. THE FACILITY IS DESIGNATED FOR THE PRIMARY PURPOSE OF PROVIDING DECENT, SAFE, AND SANITARY DWELLING UNITS FOR SENIOR CITIZENS OF LOW TO MODERATE INCOME IN NEED OF HOUSING AND RELATED SERVICES SUCH AS ADMINISTRATIVE, COMMUNITY, HEALTH, RECREATIONAL, EDUCATIONAL, AND WELFARE FACILITIES AND/OR SERVICES FOR SENIOR CITIZENS.

Program Service Accomplishments

Program 1

Expenses: $155,107 Revenue: $802

KNOLL VIEW CORPORATION PROVIDES HOUSING AND CONGREGATE CARE SERVICES TO ELDERLY RESIDENTS THROUGH THE OPERATION OF A 32 UNIT CONGREGATE CARE FACILITY. THE CORPORATION'S FACILITY IS LOCATED IN SPARTA, NJ AND OPERATES UNDER SECTION 8 OF THE NATIONAL HOUSING ACT. THE CORPORATION IS REGULATED BY THE NEW JERSEY DEPARTMENT OF COMMUNITY AFFAIRS (NJDCA) AS TO RENTAL CHARGES. THE CORPORATION IS ALSO REGULATED BY THE NEW JERSEY HOUSING AND MORTGAGE FINANCE AGENCY (NJHMFA) AS TO OPERATING EXPENSES AND OPERATING METHODS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $802

Investment Income $0

Other Revenue $0

TOTAL REVENUE $802

Expense Breakdown

Grants Paid $0

Salaries & Benefits $67,081

Fundraising Expenses $0

Program Expenses $155,107

Other Expenses $88,236

TOTAL EXPENSES $155,317

Year-over-Year Comparison

	2024	2023	Change
Revenue	$802	$243,347	-1.0%
Expenses	$155,317	$1,027,837	-0.8%
Net Income	$-154,515	$-784,490	-0.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT HANNUM	TREASURER	2.00	Officer Director	$0	$0	$0
DELORES GRACE	TRUSTEE	2.00	Director	$0	$0	$0
JAY DUNN	TRUSTEE	2.00	Director	$0	$0	$0
DAVID LATORRE	SECRETARY	2.00	Officer Director	$0	$0	$0
MARIANNE DILWORTH	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
REV JAMES MCGOVERN	TRUSTEE	2.00	Director	$0	$0	$0
SHERRY DEFEO	PRESIDENT	2.00	Officer Director	$0	$0	$0
REV H ALDEN WELCH	TRUSTEE	2.00	Director	$0	$0	$0
ROBERT CANGEMI	TRUSTEE	2.00	Director	$0	$0	$0
MARIA NELSON	TRUSTEE	2.00	Director	$0	$0	$0
EDWARD MADZY	TRUSTEE	2.00	Director	$0	$0	$0
FRANCESCA MCKERNAN	EXECUTIVE DIRECTOR	40.00	Officer	$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	$802	$155,317	$1,285,298	$-154,515
2023	$243,347	$1,027,837	$1,385,974	$-784,490
2022	$797,551	$1,352,226	$1,515,592	$-554,675
2021	$974,768	$1,295,793	$1,639,480	$-321,025
2020	$869,099	$1,263,999	$1,710,844	$-394,900
2019	$1,070,935	$1,281,790	$1,733,234	$-210,855
2018	$912,513	$1,205,324	$1,824,273	$-292,811