Satellite Senior Homes - Newark Gardens II Inc

EIN: 943168802 501(c)(3)

Berkeley, CA

Total Revenue
$601,921
Total Expenses
$620,947
Total Assets
$2,730,356
Net Assets
$2,670,319
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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
CA
Principal Officer
RAULY BUTLER
Phone
5106470700
Tax Period
2023-10-01 to 2024-09-30

Satellite Senior Homes - Newark Gardens II Inc, founded in 1993, is a small nonprofit that reported $602K in total revenue in fiscal year 2023. Net assets of $2.7M represent 53 months of operating reserves.

Mission

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

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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 $311,949
Program Service Revenue $218,937
Investment Income $71,035
Other Revenue $0
TOTAL REVENUE $601,921

Expense Breakdown

Grants Paid $0
Salaries & Benefits $166,825
Fundraising Expenses $0
Program Expenses $547,677
Other Expenses $454,122
TOTAL EXPENSES $620,947

Year-over-Year Comparison

2023 2022 Change
Revenue $601,921 $562,058 +0.1%
Expenses $620,947 $559,406 +0.1%
Net Income $-19,026 $2,652 -8.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
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
6
$615,541
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN FRIEDLAND CEO 0.10
Officer
$0 $32,916 $370,289
JOSE SANCHEZ VP OF FINANCE 0.10
Officer
$0 $41,111 $245,252
RAULY BUTLER CHAIRPERSON 0.10
Officer Director
$0 $0 $0
SMITHA SESHADRI Vice Chair 0.10
Officer Director
$0 $0 $0
FRANCINE WILLIAMS 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
MIKE JACOB 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
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 $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
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