South Shore Village Leased Housing Corporation (EIN 521798173) - Form 990 Financial Analysis & Trantor Score

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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

1978

Legal Domicile

Principal Officer

Cornelius O'Donnell

Phone

2018239404

Tax Period

2024-09-01 to 2025-08-31

South Shore Village Leased Housing Corporation, founded in 1978, is a small nonprofit in the Housing & Shelter sector that reported $739K in total revenue in fiscal year 2024. The organization ran a surplus of $711K, a strong 96% operating margin.

Mission

Low and moderate income housing. 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 $0

Investment Income $739,254

Other Revenue $0

TOTAL REVENUE $739,254

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $27,827

TOTAL EXPENSES $27,827

Year-over-Year Comparison

	2024	2023	Change
Revenue	$739,254	$687,656	+0.1%
Expenses	$27,827	$134,045	-0.8%
Net Income	$711,427	$553,611	+0.3%

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	15.00	Officer Director	$0	$0	$0
Robert Mernar	Member	15.00	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	$739,254	$27,827	$36,364,246	$711,427
2024	$687,656	$134,045	$34,215,434	$553,611
2023	$174,592	$10,360	$32,181,851	$164,232
2022	$10,964	$36,918	$31,501,863	$-25,954
2021	$148	$3,785,407	$33,142,576	$-3,785,259
2020	$19,994,310	$15,000	$35,573,269	$19,979,310

South Shore Village Leased Housing Corporation