CHOICE HOUSING CORP

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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

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.

Program Service Accomplishments

Program 1

Expenses: $131,283 Revenue: $146,220

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%)

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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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