LONG ISLAND FAMILY & ELDER CARE INC

EIN: 471826477 501(c)(3) Housing & Shelter

NORTHPORT, NY

Total Revenue
$392,432
Total Expenses
$461,840
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
NY
Phone
5168264483
Tax Period
2023-01-01 to 2023-12-31

LONG ISLAND FAMILY & ELDER CARE INC, founded in 2015, is a small nonprofit in the Housing & Shelter sector that reported $392K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $462K exceeded revenue, resulting in a 18% operating deficit.

Mission

Assisting elderly, disabled, handicapped, low income individuals and families identify and apply for government aid they may be entitled to.

Program Service Accomplishments

Program 1
Expenses: $475,049 Revenue: $392,432

Assisting elderly, disabled, handicapped, low income individuals and families identify and apply for government aid they may be entitled to.

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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 $392,432
Investment Income $0
Other Revenue $0
TOTAL REVENUE $392,432

Expense Breakdown

Grants Paid $0
Salaries & Benefits $281,966
Fundraising Expenses $0
Program Expenses $461,840
Other Expenses $179,874
TOTAL EXPENSES $461,840

Year-over-Year Comparison

2023 2022 Change
Revenue $392,432 $439,336 -0.1%
Expenses $461,840 $549,793 -0.2%
Net Income $-69,408 $-110,457 -0.4%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
N/A
Employees
5
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
0
$0
Total Directors
3
$156,000
Key Employees
3
$156,000
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK TRUCIOS GENERAL COUNSEL 40.00
Director Key Emp
$52,000 $0 $52,000
ROBERT NEWMAN ASSOCIATED EXECUTIVE DIRECTOR 40.00
Director Key Emp
$52,000 $0 $52,000
THOMAS TUZZOLO ASSOCIATED EXECUTIVE DIRECTOR 40.00
Director Key Emp
$52,000 $0 $52,000
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 $392,432 $461,840 No data $-69,408
2022 $439,336 $549,793 No data $-110,457
2021 $344,736 $460,314 No data $-115,578
2020 $484,304 $468,307 No data $15,997
2019 $438,843 $408,365 No data $30,478
2018 $449,078 $325,983 No data $123,095
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