CASA FARNESE INC

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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

1962

Legal Domicile

Principal Officer

JOSEPH H JACOVINI

Phone

2157353858

Tax Period

2024-01-01 to 2024-12-31

CASA FARNESE INC, founded in 1962, is a community nonprofit in the Housing & Shelter sector that reported $4.9M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $4.4M left a modest 11% surplus.

Mission

APARTMENT RENTAL - TO PROVIDE LOW TO MODERATE INCOME HOUSING TO SENIOR CITIZENS IN ACCORDANCE WITH HUD GUIDELINES

Program Service Accomplishments

Program 1

Expenses: $3,998,654 Revenue: $4,468,006

THE ORGANIZATION PROVIDES LOW TO MODERATE INCOME HOUSING TO 288 SENIOR CITIZENS IN ACCORDANCE WITH HUD GUIDELINES.

Program 2

Expenses: $97,598

THE ORGANIZATION PROVIDES A COORDINATOR OF SERVICES TO PROVIDE VARIOUS SOCIAL SERVICES TO RESIDENTS.

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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 $0

Program Service Revenue $4,432,793

Investment Income $7,135

Other Revenue $496,287

TOTAL REVENUE $4,936,215

Expense Breakdown

Grants Paid $0

Salaries & Benefits $943,897

Fundraising Expenses $0

Program Expenses $4,096,252

Other Expenses $3,460,850

TOTAL EXPENSES $4,404,747

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,936,215	$4,401,728	+0.1%
Expenses	$4,404,747	$4,146,820	+0.1%
Net Income	$531,468	$254,908	+1.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNETTE RIZZO	PRESIDENT	3.00	Officer Director	$0	$0	$0
JOSEPH H JACOVINI ESQUIRE	CHAIRMAN	3.00	Officer Director	$0	$0	$0
DAVID JACOVINI	TREASURER	0.30	Officer Director	$0	$0	$0
DAVID P DALESANDRO ESQUIRE	SECRETARY	0.30	Officer Director	$0	$0	$0
EILEEN M COGGINS	BOARD MEMBER	0.30	Director	$0	$0	$0
DINA DELLA DUCATA	BOARD MEMBER	0.30	Director	$0	$0	$0
TONY EWING	BOARD MEMBER	0.30	Director	$0	$0	$0
LAWRENCE FARNESE JR	BOARD MEMBER	0.30	Director	$0	$0	$0
DR ALFRED IEZZI	BOARD MEMBER	0.30	Director	$0	$0	$0
DAVID KIMMEL	BOARD MEMBER	0.30	Director	$0	$0	$0
DOMINIC S LIBERI ESQUIRE	BOARD MEMBER	0.30	Director	$0	$0	$0
DIANE MENIO	BOARD MEMBER	0.30	Director	$0	$0	$0
CAROL A TAMBURINO	BOARD MEMBER	0.30	Director	$0	$0	$0
LAURA VALENTI	BOARD MEMBER	0.30	Director	$0	$0	$0
MICHAEL VALUCCI	BOARD MEMBER	0.30	Director	$0	$0	$0
JEAN WANG	BOARD MEMBER	0.30	Director	$0	$0	$0
VITTORIA ZASLAVASKY	BOARD MEMBER	0.30	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	$4,936,215	$4,404,747	$17,670,950	$531,468
2023	$4,401,728	$4,146,820	$17,205,317	$254,908
2022	$4,183,699	$3,828,633	$16,763,275	$355,066
2021	$4,101,175	$3,594,890	$16,828,224	$506,285
2020	$4,053,720	$3,526,847	$16,427,789	$526,873
2019	$4,105,561	$3,509,973	$16,091,870	$595,588
2018	$3,927,815	$3,360,328	$15,892,657	$567,487