SPBC FEDERATION HOUSING INC

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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

1996

Legal Domicile

Principal Officer

MEL LOWELL

Phone

5618523100

Tax Period

2020-09-01 to 2021-08-31

SPBC FEDERATION HOUSING INC, founded in 1996, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2020. Revenue surged 393% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.0M, a strong 76% operating margin.

Mission

TO PROVIDE RENTAL HOUSING FOR THE ELDERLY, INCLUDING FACILITIES AND SERVICES DESIGNED TO MEET THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF THE ELDERLY.

Program Service Accomplishments

Program 1

Expenses: $877,523 Revenue: $3,983,673

PROVIDED 104 RENTAL HOUSING UNITS FOR THE ELDERLY, INCLUDING FACILITIES & SERVICES DESIGNED TO MEET THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF THE AGED.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $900,111

Investment Income $3,083,592

Other Revenue $0

TOTAL REVENUE $3,983,703

Expense Breakdown

Grants Paid $0

Salaries & Benefits $203,933

Fundraising Expenses $0

Program Expenses $877,523

Other Expenses $753,672

TOTAL EXPENSES $957,605

Year-over-Year Comparison

	2020	2019	Change
Revenue	$3,983,703	$808,576	+3.9%
Expenses	$957,605	$931,657	+0.0%
Net Income	$3,026,098	$-123,081	-25.6%

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

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

$203,281

Total Directors

$500,691

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WESLEY FINCH	PRESIDENT/DIRECTOR	0.00	Officer Director	$0	$0	$0
MEL LOWELL	TREASURER/DIRECTOR	1.00	Officer Director	$0	$6,979	$203,281
BARRY PODOLSKY	VICE PRESIDENT/DIRECTOR	0.00	Director	$0	$0	$0
DAVID GALPERN	DIRECTOR	0.00	Director	$0	$0	$0
MATTHEW C LEVIN	DIRECTOR	1.00	Director	$0	$59,729	$297,410
STEWART KASEN	SECRETARY/DIRECTOR	0.00	Officer 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
2021	$3,983,703	$957,605	$101,222	$3,026,098
2021	$449	$73,834	No data	$-73,385
2020	$808,576	$931,657	$4,290,919	$-123,081
2019	$808,734	$907,978	$4,360,557	$-99,244