SEAVIEW SENIOR LIVING HOUSING DEVELOPMENT FUND CORPORATION

EIN: 451966147 501(c)(3) Housing & Shelter

STATEN ISLAND, NY

Total Revenue
$10,299,091
Total Expenses
$15,456,183
Total Assets
$61,682,271
Net Assets
$-35,540,821
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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
NY
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 HOUSING AND ASSISTED HOUSING FOR THE 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%)

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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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
4

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
2
$0
Total Directors
7
$60,000
Key Employees
0
$0
Highest Compensated
4
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
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