BERKSHIRE FUND (EIN 042483221) - 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

1971

Legal Domicile

Phone

4134991630

Tax Period

2023-01-01 to 2023-12-31

BERKSHIRE FUND, founded in 1971, is a community nonprofit in the Housing & Shelter sector that reported $2.7M in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring. Expenses of $3.3M exceeded revenue, resulting in a 24% operating deficit.

Mission

PROVIDE SECOND MORTGAGES TO FIRST TIME HOMEBUYERS, REHABILITATION OF DETERIORATED HOUSING AND OPERATION OF RENTAL HOUSING FOR SINGLE PARENTS, THEIR CHILDREN AND LOW INCOME FAMILIES.

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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 $36,667

Program Service Revenue $2,438,248

Investment Income $178,113

Other Revenue $35,863

TOTAL REVENUE $2,688,891

Expense Breakdown

Grants Paid $390,358

Salaries & Benefits $455,869

Fundraising Expenses $0

Program Expenses $3,072,072

Other Expenses $2,499,218

TOTAL EXPENSES $3,345,445

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,688,891	$5,007,280	-0.5%
Expenses	$3,345,445	$2,797,868	+0.2%
Net Income	$-656,554	$2,209,412	-1.3%

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
CRYSTAL GARNEAU	BOARD MEMBER	Director	$0	$0	$0
JOHN GRAHAM III	Treasurer	Officer Director	$0	$0	$0
ANTHONY DOYLE	President	Officer Director	$0	$0	$0
CATHERINE CARCHEDI	Clerk	Officer 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	$2,688,891	$3,345,445	$28,941,797	$-656,554
2022	$5,007,280	$2,797,868	$24,837,195	$2,209,412
2021	$1,980,584	$2,641,963	$22,028,483	$-661,379
2020	$3,186,848	$2,677,191	$22,235,339	$509,657
2019	$1,004,669	$1,369,779	$14,448,098	$-365,110
2018	$937,961	$1,306,535	$14,847,579	$-368,574

BERKSHIRE FUND