The Coves at River Garden

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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

2014

Legal Domicile

Phone

9042601818

Tax Period

2024-01-01 to 2024-12-31

The Coves at River Garden, founded in 2014, is a community nonprofit in the Housing & Shelter sector that reported $3.9M in total revenue in fiscal year 2024. Expenses of $3.7M left a modest 3% surplus.

Mission

THE MISSION OF THE COVES AT RIVER GARDEN IS TO MEET THE UNIQUE RESIDENTIAL GERIATRIC CARE NEEDS OF THE JEWISH COMMUNITY AND TO PROVIDE THE FINEST IN SPECIALIZED GERIATRIC REHABILITATION AND SKILLED NURSING SERVICES TO THE COMMUNITY AT LARGE.

Program Service Accomplishments

Program 1

Expenses: $3,648,450 Revenue: $3,850,130

THE COVES AT RIVER GARDEN IS AN INDEPENDENT LIVING RETIREMENT COMMUNITY CONSISTING OF 80 GARDEN APARTMENT HOMES. NESTLED ON 37 BEAUTIFUL ACRES, MEMBERS OF THE COVES ENJOY A LOVELY ENVIRONMENT THAT...

THE COVES AT RIVER GARDEN IS AN INDEPENDENT LIVING RETIREMENT COMMUNITY CONSISTING OF 80 GARDEN APARTMENT HOMES. NESTLED ON 37 BEAUTIFUL ACRES, MEMBERS OF THE COVES ENJOY A LOVELY ENVIRONMENT THAT OFFERS COMFORT, SECURITY AND MAINTENANCE-FREE LIVING. THE COVES OFFERS INDEPENDENT BUT SERVICED LIVING, WITH ACCESS TO MANY AMENITIES AND SERVICES TO FACILITATE A LIFESTYLE THAT PROMOTES WELLNESS. ADDITIONAL SERVICES, INCLUDING RESIDENT CARE CASE MANAGEMENT PROVIDED ON A FEE-FOR-SERVICE BASIS, OFFERS RESIDENTS ACCESS TO A CONTINUUM OF CARE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,850,130

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,850,130

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,106,979

Fundraising Expenses $0

Program Expenses $3,648,450

Other Expenses $2,625,590

TOTAL EXPENSES $3,732,569

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,850,130	$3,647,358	+0.1%
Expenses	$3,732,569	$3,809,188	0.0%
Net Income	$117,561	$-161,830	-1.7%

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

$1,024,924

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDY PAUL	TREASURER	1.0	Officer Director	$0	$0	$0
MALCOLM BLOOM	VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
MICHAEL PRICE	PRESIDENT	1.0	Officer Director	$0	$0	$0
SHIRLEY BIELSKI	2ND VICE PRESIDENT	1.0	Officer Director	$0	$0	$0
SUSAN COHEN	SECRETARY	1.0	Officer Director	$0	$0	$0
FAYE MIZRAHI	TRUSTEE	1.0	Director	$0	$0	$0
HON HARVEY SCHLESINGER	TRUSTEE	1.0	Director	$0	$0	$0
LOIS SCHLESINGER	TRUSTEE	1.0	Director	$0	$0	$0
MICHAEL LISSNER	TRUSTEE	1.0	Director	$0	$0	$0
RACHELLE GOTTLIEB	TRUSTEE	1.0	Director	$0	$0	$0
SOPHIE ROTHSTEIN	TRUSTEE	1.0	Director	$0	$0	$0
BETTY SORNA	CHIEF FINANCIAL OFFICER	12.0	Officer	$0	$32,947	$285,453
BOBBIE JO MENTZ	CHIEF OPERATIONS OFFICER	4.0	Officer	$0	$18,639	$206,116
CHRISTINA LEVINE	CHIEF DEVELOPMENT OFFICER	4.0	Officer	$0	$24,089	$143,326
MAURI MIZRAHI	CHIEF EXECUTIVE OFFICER	4.0	Officer	$0	$14,994	$390,029

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	$3,850,130	$3,732,569	$1,422,814	$117,561
2023	$3,647,358	$3,809,188	$1,308,994	$-161,830
2022	$3,587,751	$3,624,908	$1,362,716	$-37,157
2021	$3,262,685	$3,244,584	$1,398,071	$18,101
2020	$3,144,908	$3,137,807	$1,815,120	$7,101
2019	$3,239,334	$3,187,545	$1,503,180	$51,789
2018	$3,033,154	$3,067,589	$1,404,531	$-34,435