CRANFORD AFFORDABLE SENIOR HOUSING INC

EIN: 223300284 501(c)(3) Housing & Shelter

CRANFORD, NJ

Total Revenue
$10,314
Total Expenses
N/A
Total Assets
N/A
Net Assets
N/A
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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
1993
Legal Domicile
NJ
Phone
9082729180
Tax Period
2024-01-01 to 2024-12-31

CRANFORD AFFORDABLE SENIOR HOUSING INC, founded in 1993, is a micro nonprofit in the Housing & Shelter sector that reported $10K in total revenue in fiscal year 2024. Revenue fell 92% from the prior year — a significant decline worth monitoring.

Mission

ORGANIZATION PROVIDES FINANCIAL ASSISTANCE FOR LOW INCOME SENIOR HOUSING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $10,314
Investment Income $0
Other Revenue $0
TOTAL REVENUE $10,314

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2024 2023 Change
Revenue $10,314 $123,766 -0.9%
Expenses N/A N/A N/A
Net Income N/A $123,766 N/A
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
3
Independent Members
3
Employees
N/A
Volunteers
2

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JERRY IACOVANO TREASURER 5.00
Officer
$0 $0 $0
ERIC GRAHAM SECRETARY 5.00
Officer
$0 $0 $0
TERI SCHICK PRESIDENT 5.00
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 $10,314 No data No data No data
2023 $123,766 No data $4,457,423 No data
2022 $120,879 No data $4,333,657 No data
2021 $117,090 No data $4,213,078 No data
2020 $110,598 No data $4,095,988 No data
2019 $113,601 No data $3,985,390 No data
2018 $107,594 No data $3,871,789 No data
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