HADDON HEIGHTS SENIOR CITIZENS HOUSING CORPORATION (EIN 237399856) - 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

1974

Legal Domicile

Principal Officer

BOB KANE

Phone

8565464844

Tax Period

2024-01-01 to 2024-12-31

HADDON HEIGHTS SENIOR CITIZENS HOUSING CORPORATION, founded in 1974, is a community nonprofit in the Housing & Shelter sector that reported $3.5M in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. The organization ran a surplus of $1.4M, a strong 41% operating margin.

Mission

TO PROVIDE HUD SECTION 8 PROJECT #NJ16H085003 SUBSIDIZED SENIOR 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 $0

Program Service Revenue $2,683,941

Investment Income $43,894

Other Revenue $779,882

TOTAL REVENUE $3,507,717

Expense Breakdown

Grants Paid $0

Salaries & Benefits $407,173

Fundraising Expenses $0

Program Expenses $1,977,718

Other Expenses $1,659,839

TOTAL EXPENSES $2,067,012

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,507,717	$3,807,118	-0.1%
Expenses	$2,067,012	$1,981,856	+0.0%
Net Income	$1,440,705	$1,825,262	-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

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	Role	Reportable Comp	Other Comp	Total
ALAN BLOCHER	TRUSTEE	Director	$0	$0	$0
MARK BRILL	TRUSTEE	Director	$0	$0	$0
WILLIAM BURROUGH	TRUSTEE	Director	$0	$0	$0
PETER R HILL	SECRETARY/TREASURER	Officer Director	$0	$0	$0
ROBERT KANE	VICE PRESIDENT	Officer Director	$0	$0	$0
LESLIE KINKLER	TRUSTEE	Director	$0	$0	$0
AUGUST LONGO	TRUSTEE	Director	$0	$0	$0
ANNE MCADAMS	PRESIDENT	Officer Director	$0	$0	$0
SUZANNE WATSON	TRUSTEE	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	$3,507,717	$2,067,012	$25,120,144	$1,440,705
2023	$3,807,118	$1,981,856	$23,730,655	$1,825,262
2022	$3,006,953	$1,940,900	$18,719,665	$1,066,053
2021	$3,079,929	$1,871,887	$19,814,524	$1,208,042
2020	$2,410,682	$1,736,672	$18,024,123	$674,010
2019	$2,186,033	$1,318,497	$16,202,783	$867,536
2018	$2,054,142	$1,346,106	$14,052,607	$708,036

HADDON HEIGHTS SENIOR CITIZENS HOUSING CORPORATION