PARKER AT SOMERSET INC

EIN: 471944928 501(c)(3) Health Care

PISCATAWAY, NJ

Total Revenue
$15,513,182
Total Expenses
$31,520,110
Total Assets
$60,926,140
Net Assets
$60,401,154
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NJ
Principal Officer
ROBERTO MUNIZ
Phone
7325458330
Tax Period
2024-01-01 to 2024-12-31

PARKER AT SOMERSET INC, founded in 2014, is a mid-sized nonprofit in the Health Care sector that reported $15.5M in total revenue in fiscal year 2024. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $31.5M exceeded revenue, resulting in a 103% operating deficit.

Mission

PROVIDE POST-ACUTE AND LONG-TERM CARE SERVICES TO THE ELDER POPULATION.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $15,916,298
Investment Income $-431,137
Other Revenue $28,021
TOTAL REVENUE $15,513,182

Expense Breakdown

Grants Paid $0
Salaries & Benefits $20,709,048
Fundraising Expenses $0
Program Expenses $28,250,557
Other Expenses $10,811,062
TOTAL EXPENSES $31,520,110

Year-over-Year Comparison

2024 2023 Change
Revenue $15,513,182 $11,154,962 +0.4%
Expenses $31,520,110 $24,927,343 +0.3%
Net Income $-16,006,928 $-13,772,381 +0.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
17
Independent Members
16
Employees
328
Volunteers
64

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
6
$1,196,434
Total Directors
17
$1,114,683
Key Employees
3
$602,805
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALFRED F TALLIA MD MPH TRUSTEE 0.60
Director
$0 $0 $20,000
STEPHEN LANDERS MD TRUSTEE 0.60
Director
$0 $0 $0
ROBERTO MUNIZ MPA FLNHA PRESIDENT/CEO 3.00
Officer Director
$0 $69,513 $831,683
PENELOPE LATTIMER PHD TRUSTEE 0.60
Director
$0 $0 $20,000
MARGUERITE K SCHLAG EDD RN CHAIR 2.00
Officer Director
$0 $0 $25,000
MAJD ALWAN PHD TRUSTEE 0.60
Director
$0 $0 $20,000
LINDA SCHWIMMER JD VICE-CHAIR 2.00
Officer Director
$0 $0 $20,000
WILLIAM P TIBBITT TRUSTEE 0.60
Director
$0 $0 $20,000
JOSEPH G BRAUNREUTHER ESQ SECRETARY 2.00
Officer Director
$0 $0 $20,000
JOSEPH VELDERMAN TRUSTEE 0.60
Director
$0 $0 $20,000
JOSEPH DOYLE TRUSTEE 0.60
Director
$0 $0 $20,000
JOHN A PAPA TREASURER 2.00
Officer Director
$0 $0 $0
DIANE HILL PHD TRUSTEE 0.60
Director
$0 $0 $20,000
DENISE BOUDREAU TRUSTEE 0.60
Director
$0 $0 $20,000
CLIFFORD E HOLLAND TRUSTEE 0.60
Director
$0 $0 $20,000
JOSEPH FERRO MD TRUSTEE 0.60
Director
$0 $0 $18,000
WILLIAM R HAGAMAN JR TRUSTEE 0.60
Director
$0 $0 $20,000
NICHOLAS R CARR CFO 3.00
Officer
$0 $30,539 $299,751
ROWAN REYES DIRECTOR OF NURSING (UTIL DEC 2024) 40.00
Key Emp
$168,811 $14,434 $183,245
NATALIE MACARO ASSISTANT ADMINISTRATOR 40.00
Key Emp
$158,023 $23,279 $181,302
CHARLENE HARN LICENSED NURSING HOME ADMINISTRATOR 40.00
Key Emp
$212,563 $25,695 $238,258
JOSEPHINE CUI CHARGE NURSE 40.00
Highest
$177,685 $15,988 $193,673
JANE VELARDE REGISTERED NURSE 40.00
Highest
$157,475 $19,928 $177,403
MARISSA DELA PENA REGISTERED NURSE 40.00
Highest
$159,055 $12,192 $171,247
ROSARIO LANGUIDO REGISTERED NURSE 40.00
Highest
$230,067 $22,030 $252,097
ANTONINO FERNANDEZ REGISTERED NURSE 40.00
Highest
$153,975 $18,372 $172,347
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 $15,513,182 $31,520,110 $60,926,140 $-16,006,928
2023 $11,154,962 $24,927,343 $52,519,874 $-13,772,381
2022 $9,458,627 $21,939,285 $49,783,883 $-12,480,658
2021 $9,838,976 $18,834,675 $7,504,180 $-8,995,699
2020 $11,935,362 $19,943,777 $8,017,000 $-8,008,415
2019 $10,833,864 $21,606,469 $8,980,627 $-10,772,605
Explore More Nonprofits
→Top 100 Nonprofits in New Jersey →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare PARKER AT SOMERSET INC with other nonprofits in New Jersey and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.