SECOND WESTFIELD SENIOR CITIZENS HOUSING CORP (EIN 223358726) - 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

Phone

9085189586

Tax Period

2023-01-01 to 2023-12-31

SECOND WESTFIELD SENIOR CITIZENS HOUSING CORP, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2023.

Mission

Provide housing to low and moderate income senior citizens stimulating their physical, social, and emotional needs so that they can live in an independent setting for as long as possible.

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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 $1,489,893

Investment Income $28,784

Other Revenue $31,137

TOTAL REVENUE $1,549,814

Expense Breakdown

Grants Paid $0

Salaries & Benefits $619,156

Fundraising Expenses $0

Program Expenses $1,452,540

Other Expenses $1,008,112

TOTAL EXPENSES $1,627,268

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,549,814	$1,488,141	+0.0%
Expenses	$1,627,268	$1,955,706	-0.2%
Net Income	$-77,454	$-467,565	-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

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

$289,682

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Mount	President	4.00	Officer Director	$0	$0	$0
Tim Herzog	Vice President	4.00	Officer Director	$0	$0	$0
Gerald Robinson	Secretary	4.00	Officer Director	$0	$0	$0
John Lesher	Treasurer	4.00	Officer Director	$0	$0	$0
Bruce E Long	Trustee	2.00	Director	$0	$0	$0
Lenore C Scurry	Trustee	2.00	Director	$0	$0	$0
Neil Sullivan	Trustee	2.00	Director	$0	$0	$0
Rosemary Millet	Trustee	2.00	Director	$0	$0	$0
John Duffy	Trustee	2.00	Director	$0	$0	$0
Thomas Quinn	Trustee	2.00	Director	$0	$0	$0
William Fitzpatrick	Trustee	2.00	Director	$0	$0	$0
Margaret Blanco	Trustee	2.00	Director	$0	$0	$0
Ray Lucas	Trustee	2.00	Director	$0	$0	$0
Robert Tarte	Trustee	2.00	Director	$0	$0	$0
Elizabeth A Fennik	Executive Director	15.00	Officer	$0	$19,357	$289,682
Darlene Gibbon	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
2024	No data	No data	No data	No data
2023	$1,549,814	$1,627,268	$5,948,630	$-77,454
2022	$1,488,141	$1,955,706	$4,498,011	$-467,565
2021	$1,611,856	$1,913,130	$4,951,370	$-301,274
2020	$1,532,873	$1,794,289	$5,284,960	$-261,416
2019	$1,557,731	$1,860,120	$5,370,957	$-302,389
2018	$1,556,349	$1,798,471	$5,556,077	$-242,122

SECOND WESTFIELD SENIOR CITIZENS HOUSING CORP