SOUNDVIEW SENIOR HOUSING DEVELOPMENT FUND COMPANY INC (EIN 300162353) - 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

2002

Legal Domicile

Principal Officer

TREVOR MCLEAN

Phone

7189910999

Tax Period

2023-01-01 to 2023-12-31

SOUNDVIEW SENIOR HOUSING DEVELOPMENT FUND COMPANY INC, founded in 2002, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 38% operating deficit.

Mission

TO OPERATE A 72 UNIT SENIOR HOUSING FACILITY FOR THE ELDERLY AND HANDICAPPED.

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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 $821,046

Program Service Revenue $297,417

Investment Income $1,307

Other Revenue $480

TOTAL REVENUE $1,120,250

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,287,443

Other Expenses $1,546,776

TOTAL EXPENSES $1,546,776

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,120,250	$1,738,148	-0.4%
Expenses	$1,546,776	$1,619,461	0.0%
Net Income	$-426,526	$118,687	-4.6%

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
TREVOR MCLEAN	PRESIDENT	6.00	Officer Director	$0	$0	$0
JANET RIVERA	TREASURER	1.00	Officer Director	$0	$0	$0
SHARON MOHAMMED	SECRETARY	1.00	Officer Director	$0	$0	$0
RUEL JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
ALMOA F MARTIN	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$1,120,250	$1,546,776	$11,741,276	$-426,526
2022	$1,738,148	$1,619,461	$11,363,016	$118,687
2021	$1,726,903	$1,580,740	$11,135,564	$146,163

SOUNDVIEW SENIOR HOUSING DEVELOPMENT FUND COMPANY INC