Holy Redeemer Senior Citizens Facility (EIN 341603502) - 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

1989

Legal Domicile

Phone

2165313313

Tax Period

2023-01-01 to 2023-12-31

Holy Redeemer Senior Citizens Facility, founded in 1989, is a small nonprofit in the Housing & Shelter sector that reported $550K in total revenue in fiscal year 2023.

Mission

To acquire, construct and operate rental property, primarily for the purpose of housing elderly individuals.

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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 $357,059

Program Service Revenue $190,431

Investment Income $267

Other Revenue $2,360

TOTAL REVENUE $550,117

Expense Breakdown

Grants Paid $0

Salaries & Benefits $152,640

Fundraising Expenses $0

Program Expenses $535,324

Other Expenses $413,222

TOTAL EXPENSES $565,862

Year-over-Year Comparison

	2023	2022	Change
Revenue	$550,117	$530,161	+0.0%
Expenses	$565,862	$598,018	-0.1%
Net Income	$-15,745	$-67,857	-0.8%

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
Eddie Corello	Trustee	1.00	Director	$0	$0	$0
Michelle Corello	Trustee	1.00	Director	$0	$0	$0
Joseph Ianetta	Trustee	1.00	Director	$0	$0	$0
Joel Pantano	Trustee	1.00	Director	$0	$0	$0
Rev Martin Polito	Trustee	1.00	Director	$0	$0	$0
Jack Thomas	Trustee	1.00	Director	$0	$0	$0
Victoria Thomas	Trustee	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
2023	$550,117	$565,862	$1,180,034	$-15,745
2022	$530,161	$598,018	$1,186,305	$-67,857
2021	$523,618	$616,861	$1,266,619	$-93,243
2020	$507,407	$551,065	$1,335,545	$-43,658
2019	$491,351	$561,263	$1,387,692	$-69,912
2018	$478,369	$514,160	$1,455,780	$-35,791

Holy Redeemer Senior Citizens Facility