PROSPECT CONGREGATE HOUSING INC (EIN 391631640) - 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

1988

Legal Domicile

Principal Officer

MICHAEL SILVERMAN

Phone

4142762627

Tax Period

2024-07-01 to 2025-06-30

PROSPECT CONGREGATE HOUSING INC, founded in 1988, is a community nonprofit in the Human Services sector that reported $7.5M in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $8.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

SENIOR HOUSING AND SERVICES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,167,013

Program Service Revenue $4,340,952

Investment Income $429,202

Other Revenue $514,763

TOTAL REVENUE $7,451,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,304,594

Fundraising Expenses $0

Program Expenses $6,092,011

Other Expenses $4,956,877

TOTAL EXPENSES $8,261,471

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,451,930	$10,843,052	-0.3%
Expenses	$8,261,471	$8,306,958	0.0%
Net Income	$-809,541	$2,536,094	-1.3%

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

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
HOWARD LOEB	CHAIRMAN	1.00	Officer Director	$0	$0	$0
SHANTEL BACCHUS	DIRECTOR	1.00	Director	$0	$0	$0
ALAN BORSUK	DIRECTOR	1.00	Director	$0	$0	$0
TODD BRACHMAN	DIRECTOR	1.00	Director	$0	$0	$0
SUZY ETTINGER	DIRECTOR	1.00	Director	$0	$0	$0
EMMY GANOS	DIRECTOR	1.00	Director	$0	$0	$0
BEVERLY GRUBER	DIRECTOR	1.00	Director	$0	$0	$0
BETSY REILLY	DIRECTOR	1.00	Director	$0	$0	$0
LEIGH TABAK	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SILVERMAN	PRESIDENT	10.00	Officer	$0	$0	$0
CHERYL BUCKMAN	DIRECTOR OF CLINICAL SERVICES	40.00	Highest	$104,741	$22,261	$127,002

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	$7,451,930	$8,261,471	$7,932,386	$-809,541
2024	$10,843,052	$8,306,958	$8,207,451	$2,536,094
2023	$4,996,344	$7,035,031	$9,462,883	$-2,038,687
2022	$4,213,533	$5,773,969	$9,744,384	$-1,560,436
2021	$4,468,530	$5,215,253	$7,988,467	$-746,723

PROSPECT CONGREGATE HOUSING INC