SAYREVILLE HOUSING FOR SENIORS CORPORATION (EIN 223200737) - 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

1992

Legal Domicile

Principal Officer

KENNETH OLCHASKEY

Phone

9087218400

Tax Period

2023-01-01 to 2023-12-31

SAYREVILLE HOUSING FOR SENIORS CORPORATION, founded in 1992, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2023. The organization ran a surplus of $420K, a strong 37% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES

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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 $1,141,752

Investment Income $1,256

Other Revenue $0

TOTAL REVENUE $1,143,008

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,529

Fundraising Expenses $0

Program Expenses $723,027

Other Expenses $662,498

TOTAL EXPENSES $723,027

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,143,008	$1,089,381	+0.0%
Expenses	$723,027	$1,017,894	-0.3%
Net Income	$419,981	$71,487	+4.9%

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

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
KENNETH OLCHASKEY	PRESIDENT	1.00	Officer Director	$0	$0	$0
KENNETH KREISMER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STEPHEN MELANASKI	TRUSTEE	1.00	Director	$0	$0	$0
MARY ANN REYNOLDS	TRUSTEE	1.00	Director	$0	$0	$0
LORETTA ALBIN	TRUSTEE	1.00	Director	$0	$0	$0
DOUGLAS COWAN	TRUSTEE	1.00	Director	$0	$0	$0
ANTHONY TRAVISANO	TRUSTEE	1.00	Director	$0	$0	$0
JEANNE CIRILLO	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS BENINATO	TRUSTEE	1.00	Director	$0	$0	$0
DOUGLAS DZEMA	SECRETARY	1.00	Key Emp	$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	$1,143,008	$723,027	$2,568,376	$419,981
2022	$1,089,381	$1,017,894	$2,381,965	$71,487
2021	$992,162	$975,199	$2,473,094	$16,963
2020	$983,584	$929,839	$2,678,851	$53,745
2019	$976,307	$941,427	$2,838,943	$34,880
2018	$958,498	$925,139	$3,006,902	$33,359

SAYREVILLE HOUSING FOR SENIORS CORPORATION