MCCURDY SENIOR HOUSING CORPORATION

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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

JOSEPH GLUCKSMAN

Phone

5619967040

Tax Period

2025-01-01 to 2025-12-31

MCCURDY SENIOR HOUSING CORPORATION, founded in 2003, is a community nonprofit in the Human Services sector that reported $6.0M in total revenue in fiscal year 2025. Revenue surged 3115% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.8M, a strong 64% operating margin.

Mission

AFFORDABLE HOUSING

Program Service Accomplishments

Program 1

Expenses: $2,156,897 Revenue: $5,960,435

MCCURDY SENIOR HOUSING CORPORATION IS THE SOLE MEMBER OF MCCURDY SENIOR HOUSING, LLC. MCCURDY SENIOR HOUSING, LLC IS THE GENERAL PARTNER OF MCCURDY CENTER, LTD, A PARTNERSHIP THAT OWNS A LOW INCOME HOUSING PROJECT FOR SENIORS IN BELLE GLADE, FLORIDA. THE PROJECT HAS 93 ONE-BEDROOM UNITS. PROGRAM REVENUE FOR MCCURDY SENIOR HOUSING CORPORATION ARE DEVELOPMENT FEES RECEIVED FROM MCCURDY CENTER, LTD.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $5,960,435

Investment Income $7,654

Other Revenue $18,952

TOTAL REVENUE $5,987,041

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,949

Fundraising Expenses $0

Program Expenses $2,156,897

Other Expenses $2,059,948

TOTAL EXPENSES $2,156,897

Year-over-Year Comparison

	2025	2024	Change
Revenue	$5,987,041	$186,194	+31.2%
Expenses	$2,156,897	$428,885	+4.0%
Net Income	$3,830,144	$-242,691	-16.8%

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

$1,040,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA BELL-SPENCE	DIRECTOR/CHAIRPERSON/SECRE	0.50	Officer Director	$0	$0	$0
DR SAM GLUCKSMAN	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
JEAN CHASE	DIRECTOR AND TREASURER	0.50	Officer Director	$0	$0	$0
MARY QUINN	DIRECTOR	0.50	Director	$0	$0	$0
NEAL BRYAN	DIRECTOR	0.50	Director	$0	$0	$0
JOSEPH GLUCKSMAN	PRESIDENT	10.00	Officer	$90,000	$0	$1,040,000

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	$5,987,041	$2,156,897	$4,769,820	$3,830,144
2024	No data	No data	No data	No data
2023	$15,656	$694,757	$8,382,048	$-679,101
2022	$151,719	$640,974	$1,901,717	$-489,255
2021	$2,037,340	$1,223,307	$2,410,598	$814,033
2020	$1,102,209	$392,149	$750,909	$710,060
2019	$112,100	$199,555	$170,269	$-87,455
2018	$139,737	$134,600	$244,561	$5,137