SILVERCREST SENIOR HOUSING DEVELOPMENT FUND CORPORATION (EIN 262894911) - 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

2008

Legal Domicile

Phone

7184804065

Tax Period

2023-01-01 to 2023-12-31

SILVERCREST SENIOR HOUSING DEVELOPMENT FUND CORPORATION, founded in 2008, is a small nonprofit in the Housing & Shelter sector that reported $862K in total revenue in fiscal year 2023. Expenses of $1.4M exceeded revenue, resulting in a 58% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR THE VERY-LOW INCOME ELDERLY POPULATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $350

Program Service Revenue $840,191

Investment Income $72

Other Revenue $21,233

TOTAL REVENUE $861,846

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,118,509

Other Expenses $1,365,999

TOTAL EXPENSES $1,365,999

Year-over-Year Comparison

	2023	2022	Change
Revenue	$861,846	$819,616	+0.1%
Expenses	$1,365,999	$1,343,578	+0.0%
Net Income	$-504,153	$-523,962	0.0%

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

$3,629,093

Total Directors

$9,819,051

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE/CHIEF FINANCIAL OFFICER	1.0	Officer Director	$0	$44,249	$455,519
N/A	TRUSTEE/PRESIDENT	10.0	Officer Director	$0	$93,181	$635,275
N/A	TRUSTEE/CHAIRMAN (THRU 4/2023)	1.0	Officer Director	$0	$28,980	$267,898
N/A	TRUSTEE/PRESIDENT (THRU 9/2023)	10.0	Officer Director	$0	$28,297	$535,244
N/A	TRUSTEE/CHAIRMAN	1.0	Officer Director	$0	$79,270	$870,210
N/A	TRUSTEE/VP/COO (THRU 2/2023)	1.0	Officer Director	$0	$7,887	$53,637
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$41,499	$345,090
N/A	TRUSTEE	1.0	Director	$0	$154,926	$1,493,730
N/A	TRUSTEE	1.0	Director	$0	$68,997	$1,927,066
N/A	TRUSTEE	1.0	Director	$0	$42,949	$437,416
N/A	TRUSTEE/VP/CNO	1.0	Director	$0	$53,983	$316,023
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$51,550	$456,578
N/A	TRUSTEE	1.0	Director	$0	$74,378	$887,623
N/A	TRUSTEE	1.0	Director	$0	$80,466	$1,137,742
N/A	TREASURER	1.0	Officer	$0	$17,583	$435,834
N/A	SECRETARY	1.0	Officer	$0	$57,139	$375,476
N/A	FORMER OFFICER	0.0		$0	$241	$336,279

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	No data	No data	No data	No data
2023	$861,846	$1,365,999	$13,663,608	$-504,153
2022	$819,616	$1,343,578	$14,036,743	$-523,962
2021	$794,472	$1,344,087	$14,379,000	$-549,615
2020	$766,260	$1,234,734	$14,767,173	$-468,474
2019	$773,158	$1,181,513	$15,132,024	$-408,355
2018	$772,155	$1,169,346	$15,469,425	$-397,191

SILVERCREST SENIOR HOUSING DEVELOPMENT FUND CORPORATION