COMMUNITY HOUSING & SERVICE CORPOR… - Form 990 Financial Data

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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

1971

Legal Domicile

Principal Officer

JIM NEWBROUGH

Phone

9529356311

Tax Period

2023-10-01 to 2024-09-30

COMMUNITY HOUSING & SERVICE CORPORATION, founded in 1971, is a community nonprofit in the Housing & Shelter sector that reported $3.8M in total revenue in fiscal year 2023. Net assets of $10.3M represent 32 months of operating reserves.

Mission

SHOLOM IS A NOT-FOR-PROFIT ORGANIZATION PROVIDING A BROAD CONTINUUM OF RESIDENTIAL, SOCIAL SERVICE, AND HEALTH CARE SERVICES PRIMARILY FOR OLDER ADULTS AND WITHIN A JEWISH ENVIRONMENT.

Program Service Accomplishments

Program 1

Expenses: $3,296,408 Revenue: $2,891,666

KNOLLWOOD PLACE APARTMENTS IS A 153-UNIT APARTMENT BUILDING PROVIDING MARKET RATE HOUSING TO THE ELDERLY WHO DESIRE TO LIVE IN AN INDEPENDENT ENVIRONMENT BUT ARE NOT ABLE TO DO SO IN THEIR OWN HOME. KNOLLWOOD PLACE APARTMENTS ELDERLY AND CONGREGATE SERVICES PROVIDE TENANTS OF THE PROJECT WITH A COMMUNAL DINING ROOM, PROGRAMS, AND ASSISTED LIVING SERVICES IN ORDER TO INCREASE SOCIALIZATION AND INDEPENDENT LIFESTYLES.

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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 $125,725

Program Service Revenue $2,891,666

Investment Income $420,983

Other Revenue $357,195

TOTAL REVENUE $3,795,569

Expense Breakdown

Grants Paid $0

Salaries & Benefits $558,248

Fundraising Expenses $0

Program Expenses $3,296,408

Other Expenses $3,391,244

TOTAL EXPENSES $3,949,492

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,795,569	$3,520,220	+0.1%
Expenses	$3,949,492	$3,753,686	+0.1%
Net Income	$-153,923	$-233,466	-0.3%

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

$949,585

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID NIRENSTEIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
BOB MEICHES MD	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
LAYNE ROSEN	SECRETARY	1.00	Officer Director	$0	$0	$0
RENEE LAMPERT	TREASURER	1.00	Officer Director	$0	$0	$0
SCOTT SEILER	DIRECTOR	1.00	Director	$0	$0	$0
SHERYL RUTZICK	DIRECTOR	1.00	Director	$0	$0	$0
DOUG WEISSMAN	DIRECTOR	1.00	Director	$0	$0	$0
LISA EDSTROM	DIRECTOR- THRU 1/30/2024	1.00	Director	$0	$0	$0
JON STONE	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY PIEROTTI	DIRECTOR	1.00	Director	$0	$0	$0
JERRY RUDICK	DIRECTOR	1.00	Director	$0	$0	$0
PAUL SCHANFIELD MD	DIRECTOR	1.00	Director	$0	$0	$0
LINDA STEIN	DIRECTOR	1.00	Director	$0	$0	$0
KIM WOLSON	DIRECTOR	1.00	Director	$0	$0	$0
SONIA UNGERMAN	DIRECTOR	1.00	Director	$0	$0	$0
MARC SALITA	DIRECTOR	1.00	Director	$0	$0	$0
MIKE RESIG	DIRECTOR	1.00	Director	$0	$0	$0
LISA FURMAN	DIRECTOR	1.00	Director	$0	$0	$0
BARB KLICK	CEO	5.00	Officer	$0	$22,194	$419,730
DAVID BERRYMAN	CFO	5.00	Officer	$0	$17,686	$272,471
ANN THOLE	COO	5.00	Officer	$0	$7,894	$257,384
JIM NEWBROUGH	CEO	5.00	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
2024	$3,795,569	$3,949,492	$22,880,602	$-153,923
2023	$3,520,220	$3,753,686	$23,108,681	$-233,466
2022	$3,432,116	$3,518,354	$22,699,759	$-86,238
2021	$3,760,521	$3,645,394	$22,704,547	$115,127
2020	$3,799,644	$3,552,515	$20,308,685	$247,129
2019	$3,948,032	$3,686,696	$17,009,401	$261,336
2018	$4,076,951	$3,774,611	$15,551,049	$302,340

COMMUNITY HOUSING & SERVICE CORPORATION