BENNETT ELDERLY HOUSING INC

EIN: 330274917 501(c)(3)

LONG BEACH, CA

Total Revenue
$125,113
Total Expenses
$238,702
Total Assets
$3,011,385
Net Assets
$2,901,385
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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
PA
Principal Officer
STUART HARTMAN
Phone
5622575100
Tax Period
2024-02-01 to 2025-01-31

BENNETT ELDERLY HOUSING INC, founded in 1987, is a small nonprofit that reported $125K in total revenue in fiscal year 2024. Expenses of $239K exceeded revenue, resulting in a 91% operating deficit.

Mission

BENNETT ELDERLY HOUSING, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF PENNSYLVANIA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 52 UNIT COMMUNITY KNOWN AS BENNETT PLACE LOCATED IN PITTSBURGH, PENNSYLVANIA, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY PERSONS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.BENNETT ELDERLY HOUSING, INC. SOLD 9/20/2022 TO BENNETT RHF PARTNERS, LP. BENNETT ELDERLY HOUSING, INC. NOW FUNDS THE PARTNERSHIP THROUGH A SELLER CARRYBACK LOAN, AND IS THE MAJORITY MEMBER OF BENNETT RHF MGP, LLC. THE MAIN PURPOSE OF THIS ENTITY GOING FORWARD WILL BE A FINANCING ARM OF THE LOW INCOME HOUSING PROJECT THROUGH THE NEW PARTNERSHIP.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $125,113
Other Revenue $0
TOTAL REVENUE $125,113

Expense Breakdown

Grants Paid $238,702
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $238,702
Other Expenses $0
TOTAL EXPENSES $238,702

Year-over-Year Comparison

2024 2023 Change
Revenue $125,113 $130,150 0.0%
Expenses $238,702 $85,151 +1.8%
Net Income $-113,589 $44,999 -3.5%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
7
Independent Members
7
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
5
$952,416
Total Directors
8
$0
Key Employees
20
$5,403,144
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HARTMAN STUART J PRESIDENT/CEO 0.20
Officer
$0 $76,739 $770,133
AMBERG ROBERT R EXECUTIVE VP GEN COUNSEL 0.20
Key Emp
$0 $54,717 $530,647
ROSSELLO FRANK JR CFO AND VP OF FINANCE 0.20
Key Emp
$0 $30,494 $488,122
FARD BOBBY J VP ACQUIS AND PROJ DEV 0.20
Key Emp
$0 $26,130 $326,600
ESCANDON YURI ANDREW VP HOUSING OPERATIONS 0.20
Key Emp
$0 $55,605 $322,377
GILCHRIST KEVIN DARRELL VP DEV FIN & ASSET MGMT 0.20
Key Emp
$0 $58,557 $317,115
BATTAGLIA NADA VP HUMAN RESOURCES 0.20
Key Emp
$0 $53,518 $306,215
TITUS STEPHANIE L VP PHILANTHROPY/CSO 0.20
Key Emp
$0 $58,388 $310,109
KING DIANE D COMPL AND PRIVACY OFFICER 0.20
Key Emp
$0 $22,228 $259,898
MAGNONE VINCENT B VP TREASURY & INVSTMT OFF 0.20
Key Emp
$0 $21,761 $254,783
CLOW JOHN C VP RISK MANAGEMENT 0.20
Key Emp
$0 $22,289 $248,543
MICKELSON LAVONNE R DIR OF AFFORD HOUSING OPS 0.20
Key Emp
$0 $4,875 $209,677
STECKBECK KENT BUDGET & ANALYTICS DIR 0.20
Key Emp
$0 $5,371 $206,102
PHELPS LORI ANN INFO SYSTEMS DIRECTOR 0.20
Key Emp
$0 $5,944 $204,059
ROBINSON TINA M VP HOUSING ACCOUNTING 0.20
Key Emp
$0 $21,124 $214,780
HALL MAGGIE W ASSOCIATE COUNSEL 0.20
Key Emp
$0 $23,477 $212,890
CHUNG DEAN H CONTROLLER 0.20
Key Emp
$0 $31,777 $213,671
SANCHEZ OMAR E CONSTRUCTION MANAGER SR 0.20
Key Emp
$0 $15,920 $199,550
SILVA JOANNE L VP OCCUPANCY & TAX CREDIT 0.20
Key Emp
$0 $28,973 $212,522
FOX BUCHAN LAURA L DIRECTOR OF CORP RECORDS 0.20
Officer
$0 $18,022 $182,283
RICANO PEGGY ACCT MANAGER EXEMPT 0.20
Key Emp
$0 $20,771 $180,914
RAGON CHRISTY ANN VP OF COMMUNICATIONS 0.20
Key Emp
$0 $23,388 $184,570
INGRAO SALVATORE A DEVEL ACCOUNTING DIR 0.20
Highest
$0 $15,918 $173,401
YOUNG SEESEE INTERNAL AUDIT DIRECTOR 0.20
Highest
$0 $4,876 $163,864
DO THANH-THANH ACCT MANAGER EXEMPT 0.20
Highest
$0 $20,165 $173,627
MOSQUEIRA PHIL AP DIRECTOR 0.20
Highest
$0 $21,625 $166,952
PORTER JR NEWMAN RUSH ENTITLEMENT PROJ MANAGER 0.20
Highest
$0 $19,865 $167,531
DESAEGHER NORMA N VICE PRESIDENT 0.20
Officer Director
$0 $0 $0
BUNN ANDREW TREASURER 0.20
Officer Director
$0 $0 $0
EAST RAYMOND E DIRECTOR 0.20
Director
$0 $0 $0
MINER DON J DIRECTOR 0.20
Director
$0 $0 $0
BAUMAN JOHN DIRECTOR 0.20
Director
$0 $0 $0
POLLOCK JEFFREY R DIRECTOR 0.20
Director
$0 $0 $0
HART DONALD G DIRECTOR 0.20
Director
$0 $0 $0
WILSON CHERYL DIRECTOR 0.20
Director
$0 $0 $0
SEE SCHEDULE JO SALARY DISCLOSURE - PGS 34 & 38 0.00
Officer
$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
2025 $125,113 $238,702 $3,011,385 $-113,589
2024 $130,150 $85,151 $3,124,974 $44,999
2023 $3,542,140 $408,138 $3,085,973 $3,134,002
2022 $741,269 $677,036 $1,371,896 $64,233
2021 $708,421 $647,392 $1,489,968 $61,029
2020 $735,221 $693,389 $1,506,880 $41,832
2019 $758,684 $645,840 $1,517,387 $112,844
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