CHOICE HOUSING CORP

EIN: 453557555 501(c)(3) Housing & Shelter

LAKEWOOD, NJ

Total Revenue
$146,220
Total Expenses
$133,388
Total Assets
$2,112,441
Net Assets
$314,114
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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
NJ
Principal Officer
JACOB MERMELSTEIN
Phone
7329619802
Tax Period
2023-01-01 to 2023-12-31

CHOICE HOUSING CORP, founded in 2011, is a small nonprofit in the Housing & Shelter sector that reported $146K in total revenue in fiscal year 2023. Expenses of $133K left a modest 9% surplus.

Mission

THE ORGANIZATION'S EXEMPT PURPOSE IS TO DEVELOP AND PROVIDE HOUSING FOR PHYSICALLY AND MENTALLY DISABLED ADULTS.

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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 $146,220
Investment Income $0
Other Revenue $0
TOTAL REVENUE $146,220

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $131,283
Other Expenses $133,388
TOTAL EXPENSES $133,388

Year-over-Year Comparison

2023 2022 Change
Revenue $146,220 $146,220 N/A
Expenses $133,388 $122,160 +0.1%
Net Income $12,832 $24,060 -0.5%
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
3
Independent Members
3
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTIN GROSS TRUSTEE 1.00
Director
$0 $0 $0
JACOB MERMELSTEIN TRUSTEE 1.00
Director
$0 $0 $0
NECHAMA PARNES TRUSTEE 1.00
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 $146,220 $133,388 $2,112,441 $12,832
2022 $146,220 $122,160 $2,084,385 $24,060
2021 $146,220 $122,667 $1,987,232 $23,553
2020 $146,220 $121,797 $1,971,763 $24,423
2019 $154,016 $135,195 $1,980,916 $18,821
2018 $136,515 $147,342 $1,970,762 $-10,827
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