CASA FARNESE INC

EIN: 231668087 501(c)(3) Housing & Shelter

PHILADELPHIA, PA

Total Revenue
$4,936,215
Total Expenses
$4,404,747
Total Assets
$17,670,950
Net Assets
$7,167,757
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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
DE
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

PROVIDE LOW AND MODERATE INCOME HOUSING TO 288 SENIOR CITIZENS, THROUGH APARTMENT RENTALS

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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 (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

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Governance

Voting Members
17
Independent Members
15
Employees
15
Volunteers
17

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
4
$0
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
0
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
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