SENIORS HOUSING DEVELOPMENT CORPORATION (EIN 229201201) - 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

1979

Legal Domicile

Principal Officer

KIMBERLY GOBER

Phone

8568454959

Tax Period

2023-01-01 to 2023-12-31

SENIORS HOUSING DEVELOPMENT CORPORATION, founded in 1979, is a small nonprofit that reported $707K in total revenue in fiscal year 2023. Expenses of $923K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO PROMOTE AND ADVANCE DECENT, SAFE, AND SANITARY HOUSING FOR PERSONS AND FAMILIES OF LOW INCOME.

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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 $706,961

Investment Income $21

Other Revenue $0

TOTAL REVENUE $706,982

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $886,896

Other Expenses $922,651

TOTAL EXPENSES $922,651

Year-over-Year Comparison

	2023	2022	Change
Revenue	$706,982	$672,269	+0.1%
Expenses	$922,651	$739,021	+0.2%
Net Income	$-215,669	$-66,752	+2.2%

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

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

$169,843

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARRY ELTON	CHAIRPERSON	1.00	Director	$0	$0	$0
JAMES REED	VICE CHAIRPERSON	1.00	Director	$0	$0	$0
GERALD REED	TREASURER	1.00	Director	$0	$0	$0
JOHN GIOVANNITTI	ASSISTANT TREASURER/SECRET	1.00	Director	$0	$0	$0
PETER SCIRROTTO	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM BAIN	SECRETARY	1.00	Director	$0	$0	$0
KIMBERLY GOBER	ADMINISTRATOR	10.00	Officer	$0	$20,468	$169,843

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	$706,982	$922,651	$15,049,428	$-215,669
2022	$672,269	$739,021	$14,749,406	$-66,752
2021	$635,915	$1,344,549	$14,598,519	$-708,634
2020	$623,638	$427,967	$14,954,833	$195,671
2019	$602,218	$380,664	$14,548,056	$221,554
2018	$584,392	$339,097	$14,319,643	$245,295

SENIORS HOUSING DEVELOPMENT CORPORATION