SENIOR HOUSING CORPORATION III (EIN 223487989) - 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

1998

Legal Domicile

Principal Officer

DAVID A ARMINIO

Phone

9086869100

Tax Period

2023-01-01 to 2023-12-31

SENIOR HOUSING CORPORATION III, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2023.

Mission

PROVDING HOUSING ASSISTANCE TO LOW INCOME SENIOR CITIZENS

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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 $1,362,352

Investment Income $6,238

Other Revenue $5,858

TOTAL REVENUE $1,374,448

Expense Breakdown

Grants Paid $0

Salaries & Benefits $299,596

Fundraising Expenses $0

Program Expenses $1,438,547

Other Expenses $1,138,951

TOTAL EXPENSES $1,438,547

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,374,448	$1,303,112	+0.1%
Expenses	$1,438,547	$1,531,006	-0.1%
Net Income	$-64,099	$-227,894	-0.7%

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	Role	Reportable Comp	Other Comp	Total
DAVID A ARMINIO	PRESIDENT	Officer Director	$0	$0	$0
DENISE BERGMAN	TRUSTEE	Director	$0	$0	$0
MARIE CANARELLI	TRUSTEE	Director	$0	$0	$0
WILLIAM C DONOHUE	TRUSTEE	Director	$0	$0	$0
KATHLEEN DUNN	SECRETARY	Officer Director	$0	$0	$0
ETHEL FAIRWEATHER	TRUSTEE	Director	$0	$0	$0
KATHLEEN GILLIGAN	TREASURER	Officer Director	$0	$0	$0
JACK GUIDERA	ATTORNEY	Director	$0	$0	$0
JEFF MONGE	TRUSTEE	Director	$0	$0	$0
WILLIAM J RODGERS	TRUSTEE	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	$1,374,448	$1,438,547	$5,820,096	$-64,099
2022	$1,303,112	$1,531,006	$5,962,337	$-227,894
2021	$1,222,857	$1,507,187	$6,246,509	$-284,330
2020	$1,190,043	$1,433,184	$6,447,824	$-243,141
2019	$1,147,480	$1,344,477	$6,649,503	$-196,997
2018	$1,152,184	$1,334,201	$6,837,683	$-182,017

SENIOR HOUSING CORPORATION III