B'NAI B'RITH COVENANT HOUSE II OF … - Form 990 Financial Data

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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

1999

Legal Domicile

Principal Officer

MICHAEL LEVY

Phone

6029970013

Tax Period

2023-01-01 to 2023-12-31

B'NAI B'RITH COVENANT HOUSE II OF TUCSON INC C/O BILTMORE PROPERTIES, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $657K in total revenue in fiscal year 2023. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $197K, a strong 30% operating margin.

Mission

B'NAI B'RITH COVENANT HOUSE II PROVIDES AFFORDABLE INDEPENDENT HOUSING FOR SENIORS. WE DEVELOP PROGRAMS AND PROJECTS TO ENRICH THE RESIDENTS' LIVES WHILE FOSTERING INDEPENDENCE AND DIGNITY.

Program Service Accomplishments

Program 1

Expenses: $394,488 Revenue: $414,026

THIS ORGANIZATION PROVIDED AFFORDABLE HOUSING TO THE ELDERLY THROUGH THE OPERATION OF A 40-UNIT HUD 202 PRAC MULTIFAMILY HOUSING COMMUNITY IN TUCSON, ARIZONA. IN 2023, THE ORGANIZATION SERVED 47...

THIS ORGANIZATION PROVIDED AFFORDABLE HOUSING TO THE ELDERLY THROUGH THE OPERATION OF A 40-UNIT HUD 202 PRAC MULTIFAMILY HOUSING COMMUNITY IN TUCSON, ARIZONA. IN 2023, THE ORGANIZATION SERVED 47 RESIDENTS: 2% UNDER THE AGE 62, 77% BETWEEN THE AGES 62-81, 19% BETWEEN AGES 82-93 AND 2% OVER THE AGE OF 94. IN ADDITION TO PROVIDING DECENT AND SAFE HOUSING FOR LOW-INCOME SENIORS, THIS PROJECT ALSO EMPLOYED A FULL-TIME, ON-SITE SERVICE COORDINATOR WHO ASSISTED RESIDENTS WITH OBTAINING A VARIETY OF SOCIAL SERVICES AND AGENCY REFERRALS. IN 2023, RESIDENTS WERE ASSISTED WITH SERVICES INCLUDING: ADVOCACY, BENEFITS AND ENTITLEMENTS, SOCIAL SECURITY AND MEDICARE, MEALS, CRISIS INTERVENTION AND SUPPORTIVE COUNSELING, EMERGENCY FOOD PANTRY, WELFARE CHECKS, HEALTHCARE SERVICES, FAMILY SUPPORT AND COMPUTERS AND (CONT'D ON SCH O) TECHNOLOGY. THE WELLNESS CENTER MAINTAINED A FULL SCHEDULE OF CLASSES AND RESIDENTS BENEFITED FROM A VARIETY OF HEALTH AND WELLNESS ACTIVITIES.

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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 $49

Program Service Revenue $414,026

Investment Income $243,116

Other Revenue $0

TOTAL REVENUE $657,191

Expense Breakdown

Grants Paid $0

Salaries & Benefits $165,802

Fundraising Expenses $0

Program Expenses $394,488

Other Expenses $294,485

TOTAL EXPENSES $460,287

Year-over-Year Comparison

	2023	2022	Change
Revenue	$657,191	$372,472	+0.8%
Expenses	$460,287	$421,970	+0.1%
Net Income	$196,904	$-49,498	-5.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABBIE STONE	PRESIDENT	7.00	Officer Director	$0	$0	$0
MICHAEL LEVY	VICE PRESIDENT	1.50	Officer Director	$0	$0	$0
SUSAN HOPKINSON	TREASURER	1.50	Officer Director	$0	$0	$0
MARSHALL HERRON	SECRETARY	1.50	Officer Director	$0	$0	$0
PATTIE MARTIN	MEMBER AT LARGE	1.00	Director	$0	$0	$0
HONEY MANSON	MEMBER AT LARGE	0.50	Director	$0	$0	$0
RUTH OSOBOW	MEMBER AT LARGE	0.50	Director	$0	$0	$0
STACY BERWICK	MEMBER AT LARGE (THRU 3/2023)	0.50	Director	$0	$0	$0
ARTIE SPENCER	MEMBER AT LARGE	0.50	Director	$0	$0	$0
BILL ADDISON	MEMBER AT LARGE	0.50	Director	$0	$0	$0
CHRISTINE LINDGREN	MEMBER AT LARGE (FROM 1/2023)	0.50	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
2024	No data	No data	No data	No data
2023	$657,191	$460,287	$1,338,784	$196,904
2022	$372,472	$421,970	$1,141,631	$-49,498
2021	$353,384	$421,462	$1,188,297	$-68,078
2020	$343,521	$390,111	$1,253,749	$-46,590
2019	$344,462	$390,608	$1,345,896	$-46,146
2018	$337,712	$379,652	$1,362,904	$-41,940

B'NAI B'RITH COVENANT HOUSE II OF TUCSON INC C/O BILTMORE PROPERTIES