CROSSWAY TOWER INC C/O HEARTHWAY

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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

2008

Legal Domicile

Principal Officer

JEFFREY MENKES

Phone

4134991630

Tax Period

2024-01-01 to 2024-12-31

CROSSWAY TOWER INC C/O HEARTHWAY, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $211K in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. Expenses of $319K exceeded revenue, resulting in a 51% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY.

Program Service Accomplishments

Program 1

Expenses: $274,542 Revenue: $210,590

THE ORGANIZATION PROVIDES 13 UNITS OF LOW INCOME HOUSING FOR THE ELDERLY. PROJECT RENTAL ASSISTANCE IS AVAILABLE FOR ALL APARTMENTS IN THE PROJECT.

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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 $210,590

Investment Income $270

Other Revenue $0

TOTAL REVENUE $210,860

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,676

Fundraising Expenses $0

Program Expenses $274,542

Other Expenses $287,377

TOTAL EXPENSES $319,053

Year-over-Year Comparison

	2024	2023	Change
Revenue	$210,860	$148,316	+0.4%
Expenses	$319,053	$301,280	+0.1%
Net Income	$-108,193	$-152,964	-0.3%

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	Role	Reportable Comp	Other Comp	Total
JEFFREY MENKES	PRESIDENT	Officer Director	$0	$0	$0
BRUCE BERNSTEIN	VICE PRESIDENT	Officer Director	$0	$0	$0
GEORGETTE KINNEY	TREASURER	Officer Director	$0	$0	$0
PATRICIA CARLINO	BOARD MEMBER	Director	$0	$0	$0
JACOB DABROWSKI	BOARD MEMBER (THROUGH OCTOBER 2024)	Director	$0	$0	$0
RANDY BURDICK	BOARD MEMBER (THROUGH MARCH 2024)	Director	$0	$0	$0
CHRISTOPHER MCLAUGHLIN	NON-VOTING MEMBER	Director	$0	$0	$0
MARK KIM	NON-VOTING MEMBER	Director	$0	$0	$0
RHONA HETSRONY	BOARD MEMBER	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	$210,860	$319,053	$2,272,278	$-108,193
2023	$148,316	$301,280	$2,361,125	$-152,964
2022	$194,967	$284,894	$2,498,480	$-89,927
2021	$165,003	$277,770	$2,591,990	$-112,767
2020	$159,239	$273,712	$2,703,927	$-114,473
2019	$163,809	$279,842	$2,814,671	$-116,033
2018	$162,956	$269,769	$2,929,848	$-106,813