SATELLITE SENIOR HOMES - NEWARK GA… - 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

1993

Legal Domicile

Principal Officer

SMITHA SESHADRI

Phone

5106470700

Tax Period

2024-10-01 to 2025-09-30

SATELLITE SENIOR HOMES - NEWARK GARDENS II INC, founded in 1993, is a small nonprofit that reported $563K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Net assets of $2.6M represent 56 months of operating reserves.

Mission

TO PROVIDE AFFORDABLE RENTAL HOUSING FOR LOW AND MODERATE-INCOME ELDERLY PERSONS.

Program Service Accomplishments

Program 1

Expenses: $537,044 Revenue: $234,040

THE CORPORATION WAS ORGANIZED TO PROVIDE RENTAL HOUSING FOR LOW AND MODERATE-INCOME ELDERLY PERSONS. IT OWNS AND OPERATES AFFORDABLE HOUSING PROJECTS CONSISTING OF A TOTAL OF 50 RENTAL UNITS FOR LOW INCOME SENIORS IN NEWARK, CALIFORNIA. THE PROJECT IS REGULATED BY HUD AS TO RENT CHARGES, OPERATING METHODS AND OTHER MATTERS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $270,253

Program Service Revenue $234,040

Investment Income $58,832

Other Revenue $0

TOTAL REVENUE $563,125

Expense Breakdown

Grants Paid $0

Salaries & Benefits $136,273

Fundraising Expenses $0

Program Expenses $537,044

Other Expenses $467,022

TOTAL EXPENSES $603,295

Year-over-Year Comparison

	2024	2023	Change
Revenue	$563,125	$601,921	-0.1%
Expenses	$603,295	$620,947	0.0%
Net Income	$-40,170	$-19,026	+1.1%

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

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

$631,247

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SMITHA SESHADRI	CHAIRPERSON	0.10	Officer Director	$0	$0	$0
RAULY BUTLER	VICE CHAIR	0.10	Officer Director	$0	$0	$0
MIKE JACOB	SECRETARY	0.10	Officer Director	$0	$0	$0
SCOTT SMITH	TREASURER	0.10	Officer Director	$0	$0	$0
ANTHONY BARRON	MEMBER	0.10	Director	$0	$0	$0
GREG CHIN	MEMBER	0.10	Director	$0	$0	$0
SAGE B FOSTER	MEMBER	0.10	Director	$0	$0	$0
DAVID GREENSFELDER	MEMBER	0.10	Director	$0	$0	$0
KAREN JACOBS	MEMBER	0.10	Director	$0	$0	$0
JOY MOORE	MEMBER	0.10	Director	$0	$0	$0
JAMES REILLY	MEMBER	0.10	Director	$0	$0	$0
RON RIDLEY	MEMBER	0.10	Director	$0	$0	$0
JACEE SANTOS	MEMBER	0.10	Director	$0	$0	$0
SUSAN FRIEDLAND	CEO	0.10	Officer	$0	$38,460	$385,727
JOSE SANCHEZ	VP OF FINANCE	0.10	Officer	$0	$45,402	$245,520

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	$563,125	$603,295	$2,742,358	$-40,170
2024	$601,921	$620,947	$2,730,356	$-19,026
2023	$562,058	$559,406	$2,750,438	$2,652
2022	$470,601	$558,884	$2,744,102	$-88,283
2021	$429,493	$521,570	$2,831,064	$-92,077
2020	$456,288	$473,302	$2,941,304	$-17,014
2019	$462,173	$472,420	$2,930,603	$-10,247
2018	$454,419	$591,350	$2,958,438	$-136,931

SATELLITE SENIOR HOMES - NEWARK GARDENS II INC