MYERS SENIOR RESIDENCE C/O CATHOLIC CHARITIES OF THE ARCHDIOCES (EIN 273230057) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2013

Legal Domicile

Principal Officer

JOHN WESTERVELT

Phone

9735963984

Tax Period

2024-01-01 to 2024-12-31

MYERS SENIOR RESIDENCE C/O CATHOLIC CHARITIES OF THE ARCHDIOCES, founded in 2013, is a small nonprofit that reported $467K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $753K exceeded revenue, resulting in a 61% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING FOR LOW INCOME ELDERLY TENANTS

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $464,327

Investment Income $1,244

Other Revenue $1,326

TOTAL REVENUE $466,897

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,288

Fundraising Expenses $0

Program Expenses $551,741

Other Expenses $645,233

TOTAL EXPENSES $752,521

Year-over-Year Comparison

	2024	2023	Change
Revenue	$466,897	$524,957	-0.1%
Expenses	$752,521	$762,841	0.0%
Net Income	$-285,624	$-237,884	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN WESTERVELT	PRESIDENT AND TREASURER	1.00	Officer Director	$0	$0	$0
HENRY AMOROSO	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
RICHARD MALAGIERE	TRUSTEE	1.00	Director	$0	$0	$0
REV MONSIGNOR RONALD ROZNIAK	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
J KENNETH PAGANO	TRUSTEE	1.00	Director	$0	$0	$0
ELIZABETH MCCLENDON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BROTHER BENEDICT LO BALBO	SECRETARY	1.00	Officer 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	$466,897	$752,521	$8,385,601	$-285,624
2023	$524,957	$762,841	$8,667,822	$-237,884
2022	$458,331	$722,587	$8,923,510	$-264,256
2021	$453,130	$741,833	$9,153,891	$-288,703
2020	$540,680	$687,532	$9,406,858	$-146,852
2019	$446,748	$707,867	$9,546,666	$-261,119
2018	$438,601	$642,890	$9,785,548	$-204,289

MYERS SENIOR RESIDENCE C/O CATHOLIC CHARITIES OF THE ARCHDIOCES