COURTYARD AFFORDABLE HOUSING CORP C/O C&C REALTY MANAGEMENT (EIN 010482400) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1945

Legal Domicile

Principal Officer

KEVIN J GLYNN

Phone

2076217700

Tax Period

2024-10-01 to 2025-09-30

COURTYARD AFFORDABLE HOUSING CORP C/O C&C REALTY MANAGEMENT is a 501(c)(3) with EIN 010482400, based in AUGUSTA, ME. Founded in 1945, the organization files IRS Form 990 and reported its most recent data for fiscal year 2024. In that period, it reported $833,752 in total revenue and $686,388 in total expenses, with net assets of $-541,248.

Mission

PROVIDE LOW-INCOME HOUSING SUITED TO THE SPECIAL NEEDS OF ELIGIBLE OCCUPANTS AS DETERMINED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $851,067

Investment Income $-17,315

Other Revenue $0

TOTAL REVENUE $833,752

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $579,059

Other Expenses $686,388

TOTAL EXPENSES $686,388

Year-over-Year Comparison

	2024	2023	Change
Revenue	$833,752	$714,851	+0.2%
Expenses	$686,388	$716,313	0.0%
Net Income	$147,364	$-1,462	-101.8%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS K BROWN	SECRETARY	N/A	Officer Director	$0	$0	$0
JUDY M CARPENTER	TREASURER	N/A	Officer Director	$0	$0	$0
KEVIN J GLYNN	CHAIRMAN	N/A	Officer Director	$0	$0	$0
TAMARA P GLYNN	DIRECTOR	N/A	Director	$0	$0	$0
QUIRINO LUCARELLI	DIRECTOR	N/A	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
2025	$833,752	$686,388	$2,630,013	$147,364
2024	$714,851	$716,313	$2,661,334	$-1,462
2023	$722,489	$642,526	$3,010,684	$79,963
2022	$671,900	$622,580	$3,033,248	$49,320
2021	$653,150	$546,967	$3,165,101	$106,183
2020	$616,428	$598,543	$3,094,218	$17,885
2019	$619,534	$592,049	$3,172,314	$27,485
2018	$629,407	$561,373	$3,249,702	$68,034

COURTYARD AFFORDABLE HOUSING CORP C/O C&C REALTY MANAGEMENT