NORRIS SQUARE SENIOR HOUSING INC (EIN 232898104) - 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

1997

Legal Domicile

Principal Officer

KAREN COSNER

Phone

2152919170

Tax Period

2023-01-01 to 2023-12-31

NORRIS SQUARE SENIOR HOUSING INC, founded in 1997, is a small nonprofit in the Human Services sector that reported $374K in total revenue in fiscal year 2023. Expenses of $489K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO DEVELOP AND PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME ELDERLY.

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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 $237,348

Program Service Revenue $134,783

Investment Income $28

Other Revenue $1,456

TOTAL REVENUE $373,615

Expense Breakdown

Grants Paid $0

Salaries & Benefits $105,444

Fundraising Expenses $0

Program Expenses $453,588

Other Expenses $383,331

TOTAL EXPENSES $488,775

Year-over-Year Comparison

	2023	2022	Change
Revenue	$373,615	$372,993	+0.0%
Expenses	$488,775	$534,707	-0.1%
Net Income	$-115,160	$-161,714	-0.3%

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
REV ALFRED BRADLEY CSSR	PRESIDENT	0.50	Officer Director	$0	$0	$0
ZASHA MORALES	SECRETARY	0.50	Officer Director	$0	$0	$0
KAREN COSNER	TREASURER	0.50	Officer Director	$0	$0	$0
MICHELLE CARRERA	DIRECTOR	0.50	Director	$0	$0	$0
HEATHER HUOT	DIRECTOR	0.50	Director	$0	$0	$0
SUZANNE O'GRADY LAURITO	DIRECTOR	0.50	Director	$0	$0	$0
ELIEZER VILA	DIRECTOR	0.50	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	$373,615	$488,775	$2,696,868	$-115,160
2022	$372,993	$534,707	$2,781,951	$-161,714
2021	$374,180	$504,684	$2,922,055	$-130,504
2020	$379,712	$505,649	$3,020,206	$-125,937
2019	$349,237	$467,465	$3,135,962	$-118,228
2018	$346,523	$468,032	$3,235,468	$-121,509

NORRIS SQUARE SENIOR HOUSING INC