OLDER AMERICAN HOUSING IN SPOTSWOOD INC

EIN: 521809800 501(c)(3) Housing & Shelter

SPOTSWOOD, NJ

Total Revenue
$1,741,722
Total Expenses
$1,769,519
Total Assets
$2,936,503
Net Assets
$2,802,976
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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
1995
Legal Domicile
NJ
Principal Officer
KEN VAN WAGENINGE
Phone
7327230008
Tax Period
2025-01-01 to 2025-12-31

OLDER AMERICAN HOUSING IN SPOTSWOOD INC, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2025.

Mission

PROVIDE LOW RENTAL HOUSING FOR LOW INCOME ELIGIBLE SENIORS IN COMPLANCE WITH HUD CONTRACT 031-EE009.

Program Service Accomplishments

Program 1
Expenses: $1,411,781 Revenue: $1,676,990

PROVIDE LOW RENTAL HOUSING FOR LOW INCOME ELIGIBLE SENIORS IN COMPLANCE WITH HUD CONTRACT 031-EE009.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,676,990
Investment Income $16,593
Other Revenue $48,139
TOTAL REVENUE $1,741,722

Expense Breakdown

Grants Paid $0
Salaries & Benefits $669,833
Fundraising Expenses $0
Program Expenses $1,411,781
Other Expenses $1,099,686
TOTAL EXPENSES $1,769,519

Year-over-Year Comparison

2025 2024 Change
Revenue $1,741,722 $1,628,138 +0.1%
Expenses $1,769,519 $1,715,439 +0.0%
Net Income $-27,797 $-87,301 -0.7%
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
8
Independent Members
8
Employees
11
Volunteers
N/A

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
$291,809
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NANCY CANO TRUSTEE 5.00
Director
$0 $0 $0
LUKE KNOX TRUSTEE 5.00
Director
$0 $0 $0
SHARON MILLER TRUSTEE 5.00
Director
$0 $0 $0
DAVID SLIKER TRUSTEE 5.00
Director
$0 $0 $0
CHARLES UHL TRUSTEE 5.00
Director
$0 $0 $0
KATHY ROMERO SECRETARY 5.00
Officer Director
$0 $0 $0
PETER SIANO VICE PRESIDENT 10.00
Officer Director
$0 $0 $0
KEN VAN WAGENINGE PRESIDENT 10.00
Officer Director
$0 $0 $0
LINDA SOLEY ASSISTANT MANAGER 10.00
Officer
$0 $52,129 $233,588
JOSEPH WOODS MANAGER 20.00
Officer
$53,433 $4,788 $58,221
WILLIAM SHEPSKO BUILDING SUPERINTENDENT 35.00
Highest
$119,954 $14,762 $134,716
TAMI MCGEACHY OCCUPANCY SPECIALIST 35.00
Highest
$110,750 $52,157 $162,907
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 $1,741,722 $1,769,519 $2,936,503 $-27,797
2024 $1,628,138 $1,715,439 $2,956,619 $-87,301
2023 $1,550,346 $1,895,151 $3,061,179 $-344,805
2022 $1,595,059 $1,684,206 $3,376,332 $-89,147
2021 $1,306,208 $1,460,252 $3,334,554 $-154,044
2020 $1,267,149 $1,396,344 $3,480,878 $-129,195
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