CRANFORD HOUSING BOARD INC

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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

1977

Legal Domicile

Phone

9082729180

Tax Period

2024-01-01 to 2024-12-31

CRANFORD HOUSING BOARD INC, founded in 1977, is a small nonprofit that reported $471K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $84K, a strong 18% operating margin.

Mission

SUPPORT AND MANAGE LOW INCOME SENIOR CITIZEN HOUSING IN CRANFORD, NJ.

Program Service Accomplishments

Program 1

Expenses: $291,100 Revenue: $308,249

CONGREGATE HOUSING SERVICES PROGRAM THAT PROVIDES MEALS, HOUSEKEEPING, AND PERSONAL CARE SERVICES TO LOW INCOME SENIOR CITIZENS.

Program 2

Expenses: $0 Revenue: $69

ENTERTAINMENT PROGRAMS PROVIDED TO SENIOR CITIZENS.

Program 3

Expenses: $24,640 Revenue: $0

MANAGEMENT OF SENIOR CITIZEN HOUSING.

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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 $256,379

Program Service Revenue $195,616

Investment Income $19,052

Other Revenue $0

TOTAL REVENUE $471,047

Expense Breakdown

Grants Paid $0

Salaries & Benefits $119,183

Fundraising Expenses $0

Program Expenses $315,740

Other Expenses $268,067

TOTAL EXPENSES $387,250

Year-over-Year Comparison

	2024	2023	Change
Revenue	$471,047	$498,708	-0.1%
Expenses	$387,250	$422,150	-0.1%
Net Income	$83,797	$76,558	+0.1%

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

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
Teri Schick	President	1.00	Officer Director	$0	$0	$0
Eric Graham	Vice President	1.00	Officer Director	$0	$0	$0
Diana Garcia	Secretary	1.00	Officer Director	$0	$0	$0
Jerry Iacovano	Treasurer	1.00	Officer Director	$0	$0	$0
Susanne Capece	Board Member	0.50	Director	$0	$0	$0
Laura Brunton	Board Member	0.50	Director	$0	$0	$0
Carol Berns	Board Member	0.50	Director	$0	$0	$0
Bette Jane Kowalski	Board Member	0.50	Director	$0	$0	$0
Eileen Martines	Board Member	0.50	Director	$0	$0	$0
Robert Pipchick	Board Member	0.50	Director	$0	$0	$0
Sherry Williams	Board Member	0.50	Director	$0	$0	$0
Irene Telerico	Board Member	0.50	Director	$0	$0	$0
Anthony Carbone	Board Member	0.50	Director	$0	$0	$0
Robert Vanata	Board Member	0.50	Director	$0	$0	$0
Dr Robert Lukenda	Board Member	0.50	Director	$0	$0	$0
Cindy Rabinowitz	Executive Director	2.00	Officer	$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	$471,047	$387,250	$2,569,561	$83,797
2023	$498,708	$422,150	$2,414,366	$76,558
2022	$431,790	$376,754	$2,416,550	$55,036
2021	$375,473	$336,924	$2,271,630	$38,549
2020	$421,547	$327,272	$2,280,648	$94,275
2019	$437,128	$343,859	$2,137,808	$93,269
2018	$470,325	$348,154	$1,989,892	$122,171