ELDERLY HOME INC (EIN 016024156) - 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

1967

Legal Domicile

Principal Officer

SHARON BOUCHER

Phone

2077284575

Tax Period

2021-07-01 to 2022-06-30

ELDERLY HOME INC, founded in 1967, is a small nonprofit that reported $321K in total revenue in fiscal year 2021. Expenses of $471K exceeded revenue, resulting in a 47% operating deficit.

Mission

TO ACQUIRE AN INTEREST IN REAL PROPERTY AND OPERATE AN APARTMENT COMPLEX 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 (2021)

Revenue Breakdown

Contributions & Grants $196,657

Program Service Revenue $124,049

Investment Income $341

Other Revenue $0

TOTAL REVENUE $321,047

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $436,008

Other Expenses $471,124

TOTAL EXPENSES $471,124

Year-over-Year Comparison

	2021	2020	Change
Revenue	$321,047	$325,343	0.0%
Expenses	$471,124	$386,215	+0.2%
Net Income	$-150,077	$-60,872	+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

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	Role	Reportable Comp	Other Comp	Total
DAVID WYLIE	PRESIDENT	Officer Director	$0	$0	$0
JAMIE PELLETIER	MEMBER	Director	$0	$0	$0
KELLY PICARD	SECRETARY	Director	$0	$0	$0
SHARON BOUCHER	VICE PRESIDENT	Officer Director	$0	$0	$0
ELAINE CLAVETTE	TREASURER	Director	$0	$0	$0
PERRETTE SOUCY	MEMBER	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
2022	$321,047	$471,124	$1,476,563	$-150,077
2021	$325,343	$386,215	$1,643,104	$-60,872
2020	$324,598	$367,815	$1,717,626	$-43,217
2019	$287,994	$317,246	$1,866,165	$-29,252

ELDERLY HOME INC