MIDWAY LIVING INC

EIN: 814594389 501(c)(3) Housing & Shelter

BROOKLYN, NY

Total Revenue
$43,452,026
Total Expenses
$44,087,843
Total Assets
$211,096,952
Net Assets
$-612,812
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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
2016
Legal Domicile
NY
Principal Officer
MILTON SCHWARTZ
Phone
7187559108
Tax Period
2023-07-01 to 2024-06-30

MIDWAY LIVING INC, founded in 2016, is a mid-sized nonprofit in the Housing & Shelter sector that reported $43.5M in total revenue in fiscal year 2023. Revenue surged 273% from the prior year, signaling strong growth momentum.

Mission

MIDWAY LIVING, INC. (THE ORGANIZATION") WAS INCORPORATED IN DECEMBER 2016, UNDER THE NOT-FOR-PROFIT CORPORATION LAW OF THE STATE OF NEW YORK, TO CREATE SUCCESSFUL TRANSITIONAL HOUSING PROGRAMS AND AFTERCARE SERVIES THAT PROMOTE LONG TERM HOUSING STABILITY, SELF-SUFFICIENCY AND EMPLOYMENT OPPORTUNITIES FOR INDIVIDUALS IN NEED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $43,451,880
Investment Income $0
Other Revenue $146
TOTAL REVENUE $43,452,026

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,028,290
Fundraising Expenses $0
Program Expenses $42,659,081
Other Expenses $38,059,553
TOTAL EXPENSES $44,087,843

Year-over-Year Comparison

2023 2022 Change
Revenue $43,452,026 $11,644,130 +2.7%
Expenses $44,087,843 $11,522,826 +2.8%
Net Income $-635,817 $121,304 -6.2%
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
9
Independent Members
8
Employees
137
Volunteers
8

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
$591,309
Total Directors
9
$577,184
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ZVI BLOOM CHAIRMAN 0.50
Officer Director
$0 $0 $0
JEFFREY DEUTSCH SECRETARY 0.50
Officer Director
$0 $0 $0
ALON FIEG TREASURER 0.50
Officer Director
$0 $0 $0
MILTON SCHWARTZCEO SEE NOTE ON SCHEDULE J 40.00
Officer Director
$544,153 $33,031 $577,184
SCOTT AUWARTER BOARD MEMBER 0.50
Director
$0 $0 $0
JOSEPH BRACHFELD BOARD MEMBER 0.50
Director
$0 $0 $0
STUART FINE BOARD MEMBER 0.50
Director
$0 $0 $0
YOSEF LEVINE BOARD MEMBER 0.50
Director
$0 $0 $0
DEE TIRADO BOARD MEMBER 0.50
Director
$0 $0 $0
MICHAEL TANNENBAUM COO 1.00
Officer
$14,125 $0 $14,125
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 No data No data No data No data
2024 $43,452,026 $44,087,843 $211,096,952 $-635,817
2024 No data No data No data No data
2023 $11,644,130 $11,522,826 $74,761,301 $121,304
2022 $1,070,464 $1,241,749 $273,730 $-171,285
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