UNION SENIOR RESIDENTS HOUSING COR… - Form 990 Financial Data

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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

1978

Legal Domicile

Principal Officer

JAMES MASTERSON

Phone

9089649342

Tax Period

2024-01-01 to 2024-12-31

UNION SENIOR RESIDENTS HOUSING CORP CORPORATION, founded in 1978, is a small nonprofit in the Housing & Shelter sector that reported $541K in total revenue in fiscal year 2024. Revenue surged 183% from the prior year, signaling strong growth momentum.

Mission

RENT SUBSIDY PROVIDED TO SENIOR HOUSING

Program Service Accomplishments

Program 1

Revenue: $331,958

HUD SECTION 236 PROGRAM PROVIDES LOW INTEREST MORTGAGE (1%) TO ENTITY TO ENABLE ENTITY TO PROVIDE 156 SINGLE RESIDENT APARTMENTS TO ELDERLY AND LOW INCOME INDIVIDUALS. THE INDIVIUALS ARE CHOSEN FROM A WAITING LIST AND THEN MUST MEET ELIGIBILITY REQUIREMENTS. THE REQUIREMENTS ARE SET TO ENSURE THAT ONLY THOSE WHO MEET INCOME LIMITS BE PROVIDED SAFE AND CLEAN APARTMENTS.

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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 $331,958

Investment Income $208,773

Other Revenue $0

TOTAL REVENUE $540,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	$540,731	$191,116	+1.8%
Expenses	N/A	$45,007	-1.0%
Net Income	N/A	$146,109	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEANNETTE CANTALUPO	PRESIDENT	10.00	Officer Director	$0	$0	$0
LULA F YOUNG	1 VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
GREGORY MULLER	2 VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
EUGENE O'BRIEN	SECRETARY	5.00	Officer Director	$0	$0	$0
JAMES MASTERSON	TREASURER	5.00	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	$540,731	No data	$5,006,790	No data
2023	$191,116	$45,007	$4,469,696	$146,109
2022	$106,760	$338,487	$4,327,223	$-231,727
2020	$112,054	No data	$4,656,730	No data
2018	$240,941	$6,500	$4,446,048	$234,441

UNION SENIOR RESIDENTS HOUSING CORP CORPORATION