New Community Hudson Senior Housing Corp (EIN 223393227) - 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

1994

Legal Domicile

Principal Officer

Simone Gagnerone

Phone

9736232800

Tax Period

2024-01-01 to 2024-12-31

New Community Hudson Senior Housing Corp, founded in 1994, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 12% surplus.

Mission

New Commmunity Hudson Senior Housing Corporation is an 81-Unit apartment project for the elderly located in jersey city, new jersey.

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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 $1,104,740

Program Service Revenue $360,835

Investment Income $605

Other Revenue $0

TOTAL REVENUE $1,466,180

Expense Breakdown

Grants Paid $0

Salaries & Benefits $208,536

Fundraising Expenses $0

Program Expenses $1,098,138

Other Expenses $1,084,371

TOTAL EXPENSES $1,292,907

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,466,180	$1,355,922	+0.1%
Expenses	$1,292,907	$1,277,009	+0.0%
Net Income	$173,273	$78,913	+1.2%

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

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

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

$473,433

Total Directors

$59,856

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SIMONE GAGNERONE	CHIEF EXECUTIVE OFFICER	1.0	Officer	$0	$7,737	$284,933
ELIZABETH MBAKAYA	CHIEF FINANCIAL OFFICER	1.0	Officer	$0	$0	$188,500
Richard G Rohrman	CEO - Former	1.0		$0	$0	$104,673
MADGE WILSON	EMERITA	1.0	Director	$0	$3,720	$59,856
BARRY BAKER	BOARD MEMBER	1.0	Director	$0	$0	$0
FERNANDO COLON	BOARD MEMBER	1.0	Director	$0	$0	$0
EDGAR NEMORIN	Interim Chairman and TREASURER	1.0	Officer Director	$0	$0	$0
NEWTON RICHARDS	SECRETARY	1.0	Officer Director	$0	$0	$0
DIANE JOHNSON	BOARD MEMBER	1.0	Director	$0	$0	$0
ANTHONY MARCHETTA	BOARD MEMBER	1.0	Director	$0	$0	$0
JEROME ST JOHN	BOARD MEMBER	1.0	Director	$0	$0	$0
Dr Zachary Yamba	Emerita	1.0	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	$1,466,180	$1,292,907	$4,558,178	$173,273
2023	$1,355,922	$1,277,009	$4,379,303	$78,913
2022	$1,341,544	$1,222,304	$4,289,049	$119,240
2021	$1,000,880	$1,137,284	$4,121,170	$-136,404
2020	$920,943	$1,052,484	$4,214,978	$-131,541
2019	$831,408	$1,059,056	$4,321,980	$-227,648
2018	$798,992	$918,844	$4,440,769	$-119,852

New Community Hudson Senior Housing Corp