GURWIN INDEPENDENT HOUSING INC

EIN: 472886835 501(c)(3) Housing & Shelter

COMMACK, NY

Total Revenue
$9,281,413
Total Expenses
$13,971,018
Total Assets
$99,293,729
Net Assets
$-18,855,788
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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
2015
Legal Domicile
NY
Principal Officer
STUART ALMER
Phone
6317152518
Tax Period
2024-01-01 to 2024-12-31

GURWIN INDEPENDENT HOUSING INC, founded in 2015, is a community nonprofit in the Housing & Shelter sector that reported $9.3M in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $14.0M exceeded revenue, resulting in a 51% operating deficit.

Mission

COMMITTED TO PROVIDING EXEMPLARY RESIDENTIAL LIVING WITH THE OPPORTUNITY TO LIVE WITH DIGNITY AND INDEPENDENCE AND PROMOTE HEALTH AND WELLNESS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $8,423,274
Investment Income $774,002
Other Revenue $84,137
TOTAL REVENUE $9,281,413

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,229,064
Fundraising Expenses $0
Program Expenses $7,172,411
Other Expenses $11,741,954
TOTAL EXPENSES $13,971,018

Year-over-Year Comparison

2024 2023 Change
Revenue $9,281,413 $7,648,059 +0.2%
Expenses $13,971,018 $13,410,717 +0.0%
Net Income $-4,689,605 $-5,762,658 -0.2%
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
10
Independent Members
10
Employees
37
Volunteers
9

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
5
$0
Total Directors
10
$0
Key Employees
1
$222,224
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARY WOLF IMMEDIATE PAST CHAIRMAN 4.00
Officer Director
$0 $0 $0
LEE BRODSKY SECRETARY 0.50
Officer Director
$0 $0 $0
ADAM WOLF TREASURER 0.50
Officer Director
$0 $0 $0
BERT BRODSKY DIRECTOR 0.50
Director
$0 $0 $0
LAURA GURWIN FLUG DIRECTOR 0.50
Director
$0 $0 $0
RONALD LEE GOLDSTEIN ESQ DIRECTOR 0.50
Director
$0 $0 $0
LEE LAUNER DIRECTOR 0.50
Director
$0 $0 $0
SCOTT ROTEMAN DIRECTOR 0.50
Director
$0 $0 $0
ANIL JAGTIANI CHAIRMAN 0.50
Officer Director
$0 $0 $0
STEVEN KASS DIRECTOR 0.50
Director
$0 $0 $0
STUART ALMER PRESIDENT, CEO & ASST. SEC 0.50
Officer
$0 $0 $0
JOHN MASTACCIUOLO EXECUTIVE DIRECTOR 37.50
Key Emp
$190,830 $31,394 $222,224
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 $9,281,413 $13,971,018 $99,293,729 $-4,689,605
2023 $7,648,059 $13,410,717 $114,644,547 $-5,762,658
2022 $2,706,238 $8,981,893 $136,188,273 $-6,275,655
2021 $54,549 $1,863,581 $114,825,397 $-1,809,032
2020 No data No data $23,272,390 No data
2019 No data No data $18,042,545 No data
2018 No data No data $14,663,378 No data
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