THE HOMESTEAD AT ROCHESTER INC (EIN 300186547) - 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

2003

Legal Domicile

Principal Officer

JOSEPH BUDZYNSKI

Phone

9529410305

Tax Period

2023-07-01 to 2024-06-30

THE HOMESTEAD AT ROCHESTER INC, founded in 2003, is a mid-sized nonprofit in the Housing & Shelter sector that reported $26.1M in total revenue in fiscal year 2023.

Mission

THE HOMESTEAD AT ROCHESTER, INC. WAS FORMED IN 2003 TO ESTABLISH AND PROVIDE FOR ELDERLY AND HANDICAPPED PERSONS' HOUSING, ASSISTED LIVING, MEDICAL CARE AND OTHER SERVICES. THESE SERVICES ARE SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SPIRITUAL AND EMOTIONAL NEEDS, AND TO CONTRIBUTE TO THEIR HEALTH, SECURITY, AND HAPPINESS IN LONGER LIVING.

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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 $3,100,510

Program Service Revenue $22,549,586

Investment Income $468,777

Other Revenue $0

TOTAL REVENUE $26,118,873

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,258,131

Fundraising Expenses $0

Program Expenses $24,482,880

Other Expenses $19,326,277

TOTAL EXPENSES $25,584,408

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,118,873	$25,690,361	+0.0%
Expenses	$25,584,408	$25,177,497	+0.0%
Net Income	$534,465	$512,864	+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

154

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

$3,236,490

Total Directors

$825,085

Key Employees

$351,198

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KING MICHAEL W	PRESIDENT	3.00	Officer Director	$0	$179,300	$825,085
RASE NANCY	CHAIRPERSON	0.10	Officer Director	$0	$0	$0
PERKINSDERRICK	VICE CHAIR	0.10	Officer Director	$0	$0	$0
ERICKSON KAREN	TREASURER	0.10	Officer Director	$0	$0	$0
EDEBURN ANDY	SECRETARY	0.10	Officer Director	$0	$0	$0
ARNOLD PATTI	DIRECTOR	0.10	Director	$0	$0	$0
BLOOM SHAWN	DIRECTOR	0.10	Director	$0	$0	$0
CARRINGTON EDWINA	DIRECTOR	0.10	Director	$0	$0	$0
HACKETT KAREN	DIRECTOR	0.10	Director	$0	$0	$0
KNAPP KEITH	DIRECTOR	0.10	Director	$0	$0	$0
MULLEN BETH	DIRECTOR	0.10	Director	$0	$0	$0
PETERSON JEANNE	DIRECTOR	0.10	Director	$0	$0	$0
SHERIDAN PATRICK	DIRECTOR	0.10	Director	$0	$0	$0
VIGEE VORIS	DIRECTOR	0.10	Director	$0	$0	$0
VIGILANCE PIERRE	DIRECTOR	0.10	Director	$0	$0	$0
BUDZYNSKI JOSEPH A	ASST. TREASURER/ASST. SEC	3.00	Officer	$0	$108,473	$449,025
KING KIMBERLY B	ASST. TREASURER/ASST. SEC	3.00	Officer	$0	$72,837	$505,657
DESJARDINS PETER J	ASST. TREASURER/ASST. SEC	3.00	Officer	$0	$40,162	$298,349
PASKOFF DAVID W	ASST. TREASURER/ASST. SEC	3.00	Officer	$0	$17,712	$185,098
GAVIN NANCY A	ASST. SECRETARY/ASST. TRE	3.00	Officer	$0	$95,108	$275,370
NUTZ FAITH A	ASST. SECRETARY/ASST. TRE	3.00	Officer	$0	$20,965	$159,860
NISIVOCCIA DAVID	ASST. TREASURER/ASST. SEC	3.00	Officer	$0	$4,998	$220,517
SOCZYNSKI PAUL F	ASST. TREASURER/ASST. SEC	3.00	Officer	$0	$26,987	$317,529
NICKELL JACCI J	SENIOR VICE PRESIDENT, HEALTHCARE	3.00	Key Emp	$0	$93,643	$351,198
STEPHEN OKEMWA	CERTIFIED NURSING ASSISTANT	40.00	Highest	$126,557	$1,357	$127,914

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
2025	No data	No data	No data	No data
2024	$26,118,873	$25,584,408	$80,387,350	$534,465
2023	$25,690,361	$25,177,497	$81,316,077	$512,864
2022	$23,245,909	$23,797,756	$82,124,512	$-551,847
2021	$19,652,604	$19,848,636	$84,661,096	$-196,032
2020	$20,798,990	$21,383,713	$85,131,992	$-584,723
2019	$19,860,345	$20,653,106	$86,414,854	$-792,761
2018	$17,372,448	$19,721,606	$87,962,782	$-2,349,158

THE HOMESTEAD AT ROCHESTER INC