1010 Senior Housing Corporation (EIN 954418555) - Form 990 Financial Analysis & Trantor Score

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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

Israel Wilhelm

Phone

8168613829

Tax Period

2023-01-01 to 2023-12-31

1010 Senior Housing Corporation, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $956K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.6M exceeded revenue, resulting in a 71% operating deficit.

Mission

To Provide Housing For The Elderly With Low And Moderate Income Levels

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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 $652,225

Program Service Revenue $273,082

Investment Income $4,215

Other Revenue $26,768

TOTAL REVENUE $956,290

Expense Breakdown

Grants Paid $0

Salaries & Benefits $298,125

Fundraising Expenses $0

Program Expenses $1,531,355

Other Expenses $1,335,572

TOTAL EXPENSES $1,633,697

Year-over-Year Comparison

	2023	2022	Change
Revenue	$956,290	$873,345	+0.1%
Expenses	$1,633,697	$1,144,879	+0.4%
Net Income	$-677,407	$-271,534	+1.5%

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

$31,200

Total Directors

$31,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RABBI ISRAEL WILHELM	TREASURER	0.0	Officer Director	$0	$1,200	$31,200
DEBBIE FRIEDMAN	PRESIDENT	0.0	Officer Director	$0	$0	$0
SAM HOROWITZ	VICE PRESIDENT	0.0	Officer Director	$0	$0	$0
LEVI BROOK	SECRETARY	0.0	Officer Director	$0	$0	$0
JENNIFER GUTIERREZ	BOARD MEMBER	0.3	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	$956,290	$1,633,697	$3,343,862	$-677,407
2022	$873,345	$1,144,879	$3,075,098	$-271,534
2021	$586,106	$1,038,045	$3,439,469	$-451,939
2020	$569,050	$1,062,191	$3,817,359	$-493,141
2019	$592,964	$1,040,480	$4,194,372	$-447,516
2018	$587,073	$1,025,355	$4,573,374	$-438,282

1010 Senior Housing Corporation