HOME FOR AGED WOMEN INC (EIN 042104314) - 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

1849

Legal Domicile

Principal Officer

CANDACE CRAMER

Phone

6177318500

Tax Period

2023-01-01 to 2023-12-31

HOME FOR AGED WOMEN INC, founded in 1849, is a mid-sized nonprofit in the Human Services sector that reported $14.4M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $4.0M, a strong 28% operating margin.

Mission

GODDARD HOUSE EMBRACES THE AGING EXPERIENCE FOR SENIORS LIVING IN THE BOSTON AREA BY OPERATING A HIGH-QUALITY ASSISTED LIVING COMMUNITY AND BY CREATING INNOVATIVE PROGRAMS WHICH SUPPORT OUR NEED FOR PURPOSE, ENGAGEMENT, AUTONOMY, AND CHOICE AS WE AGE.

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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 $224,920

Program Service Revenue $10,246,439

Investment Income $3,359,628

Other Revenue $533,875

TOTAL REVENUE $14,364,862

Expense Breakdown

Grants Paid $413,740

Salaries & Benefits $5,896,507

Fundraising Expenses $65,118

Program Expenses $7,495,323

Other Expenses $4,019,121

TOTAL EXPENSES $10,329,368

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,364,862	$12,609,010	+0.1%
Expenses	$10,329,368	$9,928,549	+0.0%
Net Income	$4,035,494	$2,680,461	+0.5%

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

164

Volunteers

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

$270,885

Total Directors

$270,885

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDRA SCHWEITZER	CHAIR/TRUSTEE	5.00	Officer Director	$0	$0	$0
VIJI KRISHNAN	VICE CHAIR/TRUSTEE	5.00	Officer Director	$0	$0	$0
WILLIAM VAN DORN	TREASURER/TRUSTEE	5.00	Officer Director	$0	$0	$0
DEANNE DUPONT	ASSISTANT TREASURER/TRUSTE	5.00	Officer Director	$0	$0	$0
JANICE MASI	CLERK/TRUSTEE	5.00	Officer Director	$0	$0	$0
NOREEN GUANCI	TRUSTEE	2.00	Director	$0	$0	$0
JULIA D COX	TRUSTEE	2.00	Director	$0	$0	$0
ANNA XIA	TRUSTEE	2.00	Director	$0	$0	$0
LAURIE PASCAL	TRUSTEE	2.00	Director	$0	$0	$0
MARK CAGGIANO	TRUSTEE	2.00	Director	$0	$0	$0
CURT TOBEY	TRUSTEE	2.00	Director	$0	$0	$0
IVOR CARY ARMISTEAD III	TRUSTEE	2.00	Director	$0	$0	$0
LINDA THOMPSON	TRUSTEE	2.00	Director	$0	$0	$0
DAVE TERRY	TRUSTEE	2.00	Director	$0	$0	$0
BOB COCKS	TRUSTEE	2.00	Director	$0	$0	$0
CANDACE L CRAMER	CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$264,116	$6,769	$270,885
SARAH LEROY	TRUSTEE	2.00	Director	$0	$0	$0
TAISHA HENDRICKSON	TRUSTEE	2.00	Director	$0	$0	$0
LANCE CHAPMAN	ASSISTANT EXECUTIVE DIRECTOR	40.00	Highest	$157,443	$6,111	$163,554
JOSEPHINE HOEY	DIRECTOR OF BUSINESS ADMINISTRATION	40.00	Highest	$100,908	$4,683	$105,591

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	$14,364,862	$10,329,368	$71,258,455	$4,035,494
2022	$12,609,010	$9,928,549	$62,307,752	$2,680,461
2021	$13,592,277	$9,860,327	$69,014,213	$3,731,950
2020	$11,208,166	$10,304,634	$61,976,193	$903,532
2019	$10,680,295	$9,082,309	$57,416,936	$1,597,986
2018	$10,743,339	$8,469,565	$50,078,833	$2,273,774

HOME FOR AGED WOMEN INC