B'NAI B'RITH HOUSING NEW ENGLAND INC F/K/A COVENANT HOUSING INITIATIVE (EIN 562423180) - 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

2003

Legal Domicile

Principal Officer

BURT GESSERMAN

Phone

6177315291

Tax Period

2023-01-01 to 2023-12-31

B'NAI B'RITH HOUSING NEW ENGLAND INC F/K/A COVENANT HOUSING INITIATIVE, founded in 2003, is a community nonprofit in the Housing & Shelter sector that reported $2.2M in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $513K, a strong 24% operating margin.

Mission

SUBSIDIZED HOUSING

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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 (2023)

Revenue Breakdown

Contributions & Grants $36,887

Program Service Revenue $2,040,905

Investment Income $98,507

Other Revenue $0

TOTAL REVENUE $2,176,299

Expense Breakdown

Grants Paid $3,840

Salaries & Benefits $878,194

Fundraising Expenses $0

Program Expenses $1,134,527

Other Expenses $780,778

TOTAL EXPENSES $1,662,812

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,176,299	$2,938,361	-0.3%
Expenses	$1,662,812	$1,587,019	+0.0%
Net Income	$513,487	$1,351,342	-0.6%

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

Governance

Voting Members

Independent Members

Employees

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

$351,342

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDRA PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
BURTON GESSERMEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
CALANDRA CLARK	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ABROMOWITZ	DIRECTOR	1.00	Director	$0	$0	$0
DEAN SIFLINGER	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD ZUKER	DIRECTOR	1.00	Director	$0	$0	$0
ELEANOR WHITE	DIRECTOR	1.00	Director	$0	$0	$0
GIOVANNY VALENCIA	DIRECTOR	1.00	Director	$0	$0	$0
HINDELL GROSSMAN	CLERK	1.00	Officer Director	$0	$0	$0
IGOR VINUKUROV	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER RAITT	DIRECTOR	1.00	Director	$0	$0	$0
KELLEY CRONIN	DIRECTOR	1.00	Director	$0	$0	$0
MARK OLSHAN	DIRECTOR	1.00	Director	$0	$0	$0
MARK RAVERA	DIRECTOR	1.00	Director	$0	$0	$0
MARVIN SIFLINGER	PRESIDENT EMERITUS	1.00	Director	$0	$0	$0
MOLLY GOODMAN	ASSISTANT CLERK	1.00	Officer Director	$0	$0	$0
RICHARD HENKEN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT GOLDEN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SKLOFF	TREASURER	1.00	Officer Director	$0	$0	$0
SUSAN L GITTELMAN	EXECUTIVE DIRECTOR	40.00	Officer	$339,192	$12,150	$351,342
MELISSA DE OLIVEIRA ASSIS	CHIEF OPERATING OFFICER	40.00	Highest	$152,355	$0	$152,355

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	No data	No data	No data	No data
2023	$2,176,299	$1,662,812	$16,080,298	$513,487
2022	$2,938,361	$1,587,019	$10,044,050	$1,351,342
2021	$1,754,959	$1,300,627	$13,547,116	$454,332
2020	$3,135,239	$1,292,552	$6,922,261	$1,842,687
2019	$1,142,783	$1,371,711	$4,848,280	$-228,928

B'NAI B'RITH HOUSING NEW ENGLAND INC F/K/A COVENANT HOUSING INITIATIVE