CONGREGATIONAL RETIREMENT HOMES III INC (EIN 042628372) - 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

1977

Legal Domicile

Principal Officer

PAUL PERKINS

Phone

7816656334

Tax Period

2023-07-01 to 2024-06-30

CONGREGATIONAL RETIREMENT HOMES III INC, founded in 1977, is a community nonprofit in the Housing & Shelter sector that reported $3.0M in total revenue in fiscal year 2023. The organization ran a surplus of $946K, a strong 32% operating margin.

Mission

TO PROVIDE RETIREMENT HOUSING TO LOW TO MIDDLE INCOME INDIVIDUALS UNDER THE HUD 202/SECTION 8 HOUSING PROGRAMS. ALL EXPENSES THAT ARE INCURRED BY THIS CORPORATION ARE FOR THE SOLE PURPOSE OF OPERATING AND MANAGING THIS RETIREMENT HOME.

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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 $0

Program Service Revenue $2,944,918

Investment Income $30,533

Other Revenue $0

TOTAL REVENUE $2,975,451

Expense Breakdown

Grants Paid $0

Salaries & Benefits $347,911

Fundraising Expenses $0

Program Expenses $2,003,254

Other Expenses $1,681,839

TOTAL EXPENSES $2,029,750

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,975,451	$2,811,755	+0.1%
Expenses	$2,029,750	$1,975,540	+0.0%
Net Income	$945,701	$836,215	+0.1%

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
PAUL PERKINS	PRESIDENT & CHAIRMAN OF TH	1.00	Officer Director	$0	$0	$0
WARD HAMILTON	VICE PRESIDENT & TREASURER	1.00	Officer Director	$0	$0	$0
ANN AHLIN	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD BROWN	DIRECTOR	1.00	Director	$0	$0	$0
CONSTANCE FERREIRA	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BURNHAM	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LUCAS	DIRECTOR	1.00	Director	$0	$0	$0
JANE MACDONALD	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE BIBILOS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTA EVANSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HENRY	DIRECTOR	1.00	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	No data	No data	No data	No data
2024	$2,975,451	$2,029,750	$10,403,804	$945,701
2023	$2,811,755	$1,975,540	$9,492,641	$836,215
2022	$2,711,585	$1,606,442	$8,647,947	$1,105,143
2021	$2,610,569	$1,292,279	$7,950,673	$1,318,290
2020	$2,310,122	$1,427,971	$6,560,238	$882,151
2019	$1,982,460	$1,200,598	$5,832,341	$781,862

CONGREGATIONAL RETIREMENT HOMES III INC