WAYNE SENIOR HOUSING DEVELOPMENT CORPORATION (EIN 352580473) - 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

2018

Legal Domicile

Principal Officer

TINA BAHL DESAI

Phone

9737432300

Tax Period

2023-01-01 to 2023-12-31

WAYNE SENIOR HOUSING DEVELOPMENT CORPORATION, founded in 2018, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $481K in total revenue in fiscal year 2023. Revenue surged 159% from the prior year, signaling strong growth momentum. The organization ran a surplus of $479K, a strong 100% operating margin.

Mission

TO PROVIDE LOW AND MODERATE INCOME SENIOR-CITIZEN HOUSING

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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 $0

Program Service Revenue $480,694

Investment Income $0

Other Revenue $0

TOTAL REVENUE $480,694

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,212

TOTAL EXPENSES $1,212

Year-over-Year Comparison

	2023	2022	Change
Revenue	$480,694	$185,801	+1.6%
Expenses	$1,212	$538	+1.3%
Net Income	$479,482	$185,263	+1.6%

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
DIANE RASA	BOARD MEMBER	0.25	Director	$0	$0	$0
DOUGLAS A STRUYK	SECRETARY	0.25	Officer Director	$0	$0	$0
JOSEPH HALLOCK	BOARD MEMBER	0.25	Director	$0	$0	$0
LONNI MILLER RYAN	VICE CHAIR B&G	0.25	Officer Director	$0	$0	$0
MARAGRET NOLAN	BOARD CHAIR	0.25	Officer Director	$0	$0	$0
MARIO ROSELLINI	VICE CHAIR	0.25	Officer Director	$0	$0	$0
ROSEMARY ACAMPORA	BOARD MEMBER	0.25	Director	$0	$0	$0
TINA BHAL DESAI	TREASURER	0.25	Officer Director	$0	$0	$0
WAYNE SAMMARTINO	BOARD MEMBER	0.25	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	$480,694	$1,212	$7,424,424	$479,482
2022	$185,801	$538	$6,944,942	$185,263
2021	$204,621	$5,675	$6,759,679	$198,946
2020	$79,749	$1,355	$6,560,733	$78,394

WAYNE SENIOR HOUSING DEVELOPMENT CORPORATION