SALEM LODGE OF B'NAI B'RITH HOUSING CORPORATION (EIN 237083837) - 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

1972

Legal Domicile

Principal Officer

CRAIG ADLER

Phone

7172327516

Tax Period

2024-11-01 to 2025-10-31

SALEM LODGE OF B'NAI B'RITH HOUSING CORPORATION, founded in 1972, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2024. Expenses of $2.3M exceeded revenue, resulting in a 13% operating deficit.

Mission

THE PRIMARY PURPOSE IS TO PROVIDE RENTAL HOUSING AND RELATED FACILITIES TO ELDERLY PERSONS AND TO PROVIDE SERVICES TO MEET THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF THE AGED.

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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 $748,885

Program Service Revenue $1,311,475

Investment Income $473

Other Revenue $0

TOTAL REVENUE $2,060,833

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,898,736

Other Expenses $2,322,077

TOTAL EXPENSES $2,322,077

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,060,833	$1,954,368	+0.1%
Expenses	$2,322,077	$2,272,091	+0.0%
Net Income	$-261,244	$-317,723	-0.2%

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

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
CRAIG DUNKLE	TREASURER	2.00	Officer Director	$0	$0	$0
PETER LABELLA	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG ADLER	PRESIDENT	2.00	Officer Director	$0	$0	$0
JASON BRENNER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
BRUCE BARON	SECRETARY	2.00	Officer Director	$0	$0	$0
DAVID LUO	DIRECTOR	2.00	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
2025	$2,060,833	$2,322,077	$3,968,233	$-261,244
2024	$1,954,368	$2,272,091	$4,179,560	$-317,723
2023	$1,938,315	$2,035,749	$4,352,997	$-97,434
2022	$1,796,000	$2,041,574	$4,492,276	$-245,574
2021	$2,006,569	$2,197,974	$4,677,489	$-191,405
2020	$1,737,721	$1,880,559	$4,886,598	$-142,838
2019	$1,794,989	$1,836,247	$5,000,997	$-41,258
2018	$1,815,154	$1,835,312	$5,185,191	$-20,158

SALEM LODGE OF B'NAI B'RITH HOUSING CORPORATION