South Shore Village II Leased Hous… - Form 990 Financial Data

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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

1973

Legal Domicile

Principal Officer

Cornelius O'Donnell

Phone

2018239404

Tax Period

2024-09-01 to 2025-08-31

South Shore Village II Leased Housing Corporation, founded in 1973, is a small nonprofit that reported $215K in total revenue in fiscal year 2024. The organization ran a surplus of $215K, a strong 100% operating margin.

Mission

Provide low and moderate income housing. Promote and advance low income and moderate income housing in the City of Bayonne, New Jersey.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

Promote and advance low and moderate income housing in the City of Bayonne, New Jersey.

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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 $204,336

Investment Income $10,588

Other Revenue $0

TOTAL REVENUE $214,924

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $40

TOTAL EXPENSES $40

Year-over-Year Comparison

	2024	2023	Change
Revenue	$214,924	$224,285	0.0%
Expenses	$40	N/A	N/A
Net Income	$214,884	$224,285	0.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CORNELIUS O'DONNELL	President	20.00	Officer Director	$0	$0	$0
Robert Mernar	MEMBER	20.00	Director	$0	$0	$0
JOHN PINERIO	MEMBER	2.00	Director	$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
2025	$214,924	$40	$9,400,397	$214,884
2024	$224,285	No data	$9,185,513	No data
2023	$54,513	No data	$8,893,116	No data
2022	No data	$28,805	$8,787,019	No data
2021	$65,047	$31,485	$8,815,824	$33,562
2020	$173,485	$16,793	$8,782,262	$156,692

South Shore Village II Leased Housing Corporation