The Towers at Tower Lane
Legal name: New Haven Jewish Community Council Housing Corporation D/b/a the Towers
Nonprofit profile at a glance
- EIN
- 060870134
- IRS 990 coverage
- 2013–2024
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2024
- Location
- New Haven, CT, United States
- Phone
- 2037721816
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Affiliation
- Judaism
Reported finances
- Revenue
- $10,672,140
- Expenses
- $10,226,504
- Assets
- $33,659,100
- Liabilities
- $14,628,658
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
24 people listed
Executive titles in this filing
- GUSTAVE KEACH-LONGO (PRESIDENT/CEO)
- JENNIFER BARON BAYER (VICE PRESIDENT OF STRATEGIC INITIATIVES)
- JESSE WESCOTT (VICE PRESIDENT)
Highest reported compensation
- GUSTAVE KEACH-LONGO (PRESIDENT/CEO): $285,720 total reported compensation
- JOHN HEYDER (CFO): $163,789 total reported compensation
- JENNIFER BARON BAYER (VICE PRESIDENT OF STRATEGIC INITIATIVES): $160,056 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We are a warm and vibrant senior community, infused with jewish values, where people live their best lives. Support Support our mission of providing exceptional care and enriching experiences for our residents LEARN MORE Words From Our Community “Before arriving here, I was unsure that a 'senior living community' was the right setting for me...Once I was here, however, it took me no time at all for me to discover how much The Towers has to offer. Shortly after moving here, I came to realize that I am not simply living in a building, but truly becoming part of a thriving community.”.
What it reported doing in 2024
The corporation owns and operates an apartment complex of 328 units providing housing and associated services for the elderly and handicapped under section 202 of the national housing act.
Operating model
- Revenue model
- Earned-program. 85% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 80
- Accountability: 97
- Sustainability: 54
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 95.5%; rating input score 96
- Program expense ratio: 99.6%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 94.7%; rating input score 95; 28th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 4.2%; rating input score 51; 51st percentile among comparable filings
- Total-asset coverage ratio: 3.29; rating input score 77; 77th percentile among comparable filings
- Liabilities to assets ratio: 0.43; rating input score 34; 34th percentile among comparable filings
- Officer compensation ratio: 8.7%; rating input score 26; 26th percentile among comparable filings
Growth
- Program expense growth: 9.9% per year; rating input score 100; 70th percentile among comparable filings
- Revenue growth: 11.3% per year; rating input score 100; 78th percentile among comparable filings
- Asset growth: 3.5% per year; rating input score 100; 26th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 95.5% of revenue deployed · 99.6% of spending went to programs
- Governance: 18 of 19 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $10.2M in reported program spending
- Leadership: top reported pay $286K · 24 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3.2M reported
- Consistency: 32 of 32 current checks pass
- Schedules: 7 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 11 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Operating margin scored 51/100.
- High — Sustainability: Officer compensation ratio scored 26/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 34/100.