CENTRASTATE ASSISTED LIVING INC

EIN: 223520730 501(c)(3) Human Services

FREEHOLD, NJ

Total Revenue
$5,688,607
Total Expenses
$7,226,026
Total Assets
$6,255,369
Net Assets
$-2,731,908
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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
NJ
Principal Officer
HELEYNE GLADSTEIN
Phone
7322947050
Tax Period
2023-01-01 to 2023-12-31

CENTRASTATE ASSISTED LIVING INC, founded in 1998, is a community nonprofit in the Human Services sector that reported $5.7M in total revenue in fiscal year 2023. Expenses of $7.2M exceeded revenue, resulting in a 27% operating deficit.

Mission

PROVIDING HOME-LIKE ENVIRONMENT, PERSONALIZED SUPPORTIVE SERVICES AND HEALTHCARE DESIGNED TO RESPOND TO INDIVIDUAL NEEDS OF THOSE WHO REQUIRE HELP IN DAILY ACTIVITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $146,204
Program Service Revenue $5,527,974
Investment Income $14,429
Other Revenue $0
TOTAL REVENUE $5,688,607

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,117,111
Fundraising Expenses $0
Program Expenses $6,503,426
Other Expenses $2,108,915
TOTAL EXPENSES $7,226,026

Year-over-Year Comparison

2023 2022 Change
Revenue $5,688,607 $5,411,060 +0.1%
Expenses $7,226,026 $6,703,350 +0.1%
Net Income $-1,537,419 $-1,292,290 +0.2%
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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Governance

Voting Members
4
Independent Members
1
Employees
91
Volunteers
25

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
$1,113,697
Total Directors
4
$1,776,370
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS W SCOTT fache VICE CHAIR-TRST/CSMC PRES/CEO 55.0
Officer Director
$0 $56,253 $926,522
JOHN A DELLOCONO TRUSTEE - CSMC SVP/CFO 55.0
Director
$0 $59,705 $662,673
HELEYNE GLADSTEIN TRUSTEE - DIRECTOR 40.0
Officer Director
$143,196 $43,979 $187,175
GINA N AKABA LPN 40.0
Highest
$112,569 $30,738 $143,307
PAMELA CURTIS DIRECTOR OF NURSING-LTC 40.0
Highest
$114,743 $23,219 $137,962
NATHALIE SHOSTAK-LEVY LPN 40.0
Highest
$110,340 $26,418 $136,758
TRACY TAYLOR RN REGISTERED NURSE 40.0
Highest
$119,609 $13,082 $132,691
Benita Sergilus Certified Nurse Assistant 40.0
Highest
$111,783 $17,289 $129,072
KENNETH J REILLY CWS CHAIR - TRUSTEE 1.0
Officer 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 $5,688,607 $7,226,026 $6,255,369 $-1,537,419
2022 $5,411,060 $6,703,350 $6,396,685 $-1,292,290
2021 $4,296,051 $6,029,013 $7,366,100 $-1,732,962
2020 $5,064,426 $6,227,230 $7,523,385 $-1,162,804
2019 $5,953,237 $5,853,019 $7,010,251 $100,218
2018 $5,688,240 $5,721,208 $7,253,989 $-32,968
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