Montefiore Hospital Housing Section II Inc

EIN: 237160641

BRONX, NY

Total Revenue
$8,412,318
Total Expenses
$5,885,075
Total Assets
$12,514,134
Net Assets
$2,845,832
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
NY
Phone
9143498474
Tax Period
2024-07-01 to 2025-06-30

Montefiore Hospital Housing Section II Inc, founded in 1969, is a community nonprofit that reported $8.4M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.5M, a strong 30% operating margin.

Mission

MONTEFIORE HOSPITAL HOUSING SECTION II, INC MISSION IS TO PROVIDE HOUSING TO MEDICAL RESIDENTS WORKING AT MONTEFIORE MEDICAL CENTER TO ENSURE THE CONTINUITY OF MEDICAL CARE TO THE PATIENTS SERVED.

Program Service Accomplishments

Program 1

MONTEFIORE HOSPITAL HOUSING SECTION II, INC. OWNS AND OPERATES A RENTAL APARTMENT BUILDING NEAR MONTEFIORE MEDICAL CENTER, AN ACADEMIC MEDICAL CENTER AND PARENT COMPANY OF THE ORGANIZATION...

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MONTEFIORE HOSPITAL HOUSING SECTION II, INC. OWNS AND OPERATES A RENTAL APARTMENT BUILDING NEAR MONTEFIORE MEDICAL CENTER, AN ACADEMIC MEDICAL CENTER AND PARENT COMPANY OF THE ORGANIZATION. MONTEFIORE HOSPITAL HOUSING SECTION II, INC. PROVIDES HOUSING FOR SOME OF THE MEDICAL CENTER'S RESIDENTS SO THEY CAN RESIDE IN CLOSE PROXIMITY TO THE MEDICAL CENTER TO HELP ENSURE THE CONTINUITY OF MEDICAL CARE TO THE PATIENTS SERVED. COMMERCIAL SPACE AND GUEST APARTMENTS ARE ALSO LEASED TO THE MEDICAL CENTER PROVIDING SPACE FOR THE HOSPITAL'S ADVANCED IMAGING CENTER AND TEMPORARY HOUSING FOR PATIENT'S FAMILIES.

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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 $6,583,937
Investment Income $0
Other Revenue $1,828,381
TOTAL REVENUE $8,412,318

Expense Breakdown

Grants Paid $0
Salaries & Benefits $866,669
Fundraising Expenses $0
Program Expenses $0
Other Expenses $5,018,406
TOTAL EXPENSES $5,885,075

Year-over-Year Comparison

2024 2023 Change
Revenue $8,412,318 $7,317,670 +0.1%
Expenses $5,885,075 $6,426,086 -0.1%
Net Income $2,527,243 $891,584 +1.8%
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
3
Independent Members
N/A
Employees
7
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
3
$4,936,614
Total Directors
3
$4,936,614
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOHPER S PANCZNER SECRETARY (RESIGNED 3/27/2025) 0.5
Officer Director
$0 $47,673 $1,966,237
EDWARD PFLEGING PRESIDENT 2.0
Officer Director
$0 $281,956 $1,913,810
EVAN RESNICK TREASURER 0.5
Officer Director
$0 $51,011 $1,056,567
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 $8,412,318 $5,885,075 $12,514,134 $2,527,243
2023 $7,210,817 $5,764,204 $12,265,692 $1,446,613
2022 $7,225,143 $5,463,688 $13,016,581 $1,761,455
2021 $6,647,600 $6,813,468 $12,841,652 $-165,868
2020 $6,233,172 $5,540,884 $14,862,403 $692,288
2019 $6,197,523 $5,295,804 $16,055,606 $901,719
2018 $6,116,627 $5,264,688 $15,273,427 $851,939
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