BERLIN RETIREMENT HOMES INC (EIN 042631015) - 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

THOMAS SHARON

Phone

6034916047

Tax Period

2023-01-01 to 2023-12-31

BERLIN RETIREMENT HOMES INC, founded in 1977, is a small nonprofit that reported $516K in total revenue in fiscal year 2023. Revenue surged 271% from the prior year, signaling strong growth momentum.

Mission

TO OWN AND OPERATE LOW TO MODERATE INCOME HOUSING FOR THE ELDERLY AND THE DISABLED.

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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 $515,908

Investment Income $276

Other Revenue $0

TOTAL REVENUE $516,184

Expense Breakdown

Grants Paid $0

Salaries & Benefits $58,129

Fundraising Expenses $0

Program Expenses $483,838

Other Expenses $500,072

TOTAL EXPENSES $558,201

Year-over-Year Comparison

	2023	2022	Change
Revenue	$516,184	$138,978	+2.7%
Expenses	$558,201	$135,698	+3.1%
Net Income	$-42,017	$3,280	-13.8%

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

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 SHARON	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHERYL SHARON	SECRETARY	1.00	Officer Director	$0	$0	$0
RUTH BLANDIN	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID AURELIO	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT BLAIR	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS DOERR	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH GALANO	DIRECTOR	1.00	Director	$0	$0	$0
RAJPREET SIDHU	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS FEAREBAY	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
2024	No data	No data	No data	No data
2023	$516,184	$558,201	$1,310,248	$-42,017
2022	$138,978	$135,698	$1,299,410	$3,280
2021	$458,603	$461,212	$1,361,908	$-2,609
2020	$455,853	$463,609	$1,356,621	$-7,756
2019	$406,082	$467,398	$1,378,639	$-61,316
2018	$394,865	$625,505	$1,426,379	$-230,640

BERLIN RETIREMENT HOMES INC