VERONA SENIOR CITIZENS HOUSING CORPORATION

EIN: 510204230

Verona, NJ

Total Revenue
$12,232
Total Expenses
$74,526
Total Assets
$837,183
Net Assets
$837,183
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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
1974
Legal Domicile
NJ
Principal Officer
MICHAEL ZICHELLI JR
Phone
9732393389
Tax Period
2018-01-01 to 2018-12-31

VERONA SENIOR CITIZENS HOUSING CORPORATION, founded in 1974, is a micro nonprofit that reported $12K in total revenue in fiscal year 2018. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $75K exceeded revenue, resulting in a 509% operating deficit.

Mission

Provide Scholarships and donations to local organizations and individuals.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $12,232
Other Revenue $0
TOTAL REVENUE $12,232

Expense Breakdown

Grants Paid $73,226
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $73,226
Other Expenses $1,300
TOTAL EXPENSES $74,526

Year-over-Year Comparison

2018 2017 Change
Revenue $12,232 $8,848 +0.4%
Expenses $74,526 $5,500 +12.6%
Net Income $-62,294 $3,348 -19.6%
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
4
Independent Members
4
Employees
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL ZICHELLI JR PRESIDENT 3.00
Officer
$0 $0 $0
LOUISE STEWART TREASURER 3.00
Officer
$0 $0 $0
JOHN T McEVOY VICE PRESIDENT 0.00
Officer
$0 $0 $0
JEAN DEPOE SECRETARY 0.00
Officer
$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
2018 $12,232 $74,526 $837,183 $-62,294
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