SEAVIEW SENIOR LIVING HOUSING DEVE… - 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

2011

Legal Domicile

Principal Officer

CHUCK CROUCH

Phone

5158754500

Tax Period

2023-01-01 to 2023-12-31

SEAVIEW SENIOR LIVING HOUSING DEVELOPMENT FUND CORPORATION, founded in 2011, is a mid-sized nonprofit in the Housing & Shelter sector that reported $10.3M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $15.5M exceeded revenue, resulting in a 50% operating deficit.

Mission

TO PROVIDE 122 UNITS OF INDEPENDENT HOUSING FOR THE ELDERLY WITH 188 BEDS OF ASSISTED LIVING FOR THE FRAIL AND ELDERLY.

Program Service Accomplishments

Program 1

Expenses: $14,059,083 Revenue: $10,299,091

PROVIDES 122 UNITS OF INDEPENDENT HOUSING FOR THE ELDERLY WITH 188 BEDS OF ASSISTED LIVING FOR THE FRAIL AND ELDERLY.

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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 $10,299,091

Investment Income $0

Other Revenue $0

TOTAL REVENUE $10,299,091

Expense Breakdown

Grants Paid $0

Salaries & Benefits $126,991

Fundraising Expenses $0

Program Expenses $14,059,083

Other Expenses $15,329,192

TOTAL EXPENSES $15,456,183

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,299,091	$9,229,130	+0.1%
Expenses	$15,456,183	$13,930,826	+0.1%
Net Income	$-5,157,092	$-4,701,696	+0.1%

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

$60,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES CROUCH	PRESIDENT	0.10	Officer Director	$0	$0	$0
ROBERT WETZLER	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
BENJAMIN FORREST	DIRECTOR	0.10	Director	$0	$0	$0
BENJAMIN PRICE	DIRECTOR	0.10	Director	$0	$0	$0
JEANNE KINNARD	DIRECTOR	0.10	Director	$20,000	$0	$20,000
JOSEPH ARONAUER	DIRECTOR	0.10	Director	$20,000	$0	$20,000
STEVE SIMMONS	DIRECTOR	0.10	Director	$20,000	$0	$20,000
CROCIFISSA GIORDANO	RN	40.00	Highest	$107,955	$0	$107,955
KATHERINE AZBELL	DIRECTOR OF COMMUNITY RELATIONS	40.00	Highest	$168,881	$13,890	$182,771
MELISA MAHADEO	LPN	40.00	Highest	$135,917	$0	$135,917
MAQURA KAMAAH	LPN	40.00	Highest	$126,825	$0	$126,825

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
2024	No data	No data	No data	No data
2023	$10,299,091	$15,456,183	$61,682,271	$-5,157,092
2023	$11,608,959	$15,456,374	$61,888,038	$-3,847,415
2022	$9,229,130	$13,930,826	$62,879,659	$-4,701,696
2021	$8,609,081	$12,479,834	$64,749,776	$-3,870,753
2020	$16,127,228	$13,055,839	$65,975,217	$3,071,389
2019	$8,381,680	$13,459,832	$68,940,476	$-5,078,152
2018	$7,437,604	$12,527,236	$71,153,611	$-5,089,632
2018	$7,437,604	$12,527,236	$71,153,611	$-5,089,632

SEAVIEW SENIOR LIVING HOUSING DEVELOPMENT FUND CORPORATION