BARRETT HOUSING CORP C/O HEARTHWAY INC

EIN: 042631403

PITTSFIELD, MA

Total Revenue
$725,114
Total Expenses
$645,940
Total Assets
$2,482,974
Net Assets
$2,364,317
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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
MA
Principal Officer
ALLISON MAXFIELD
Phone
4134991630
Tax Period
2024-01-01 to 2024-12-31

BARRETT HOUSING CORP C/O HEARTHWAY INC, founded in 1977, is a small nonprofit that reported $725K in total revenue in fiscal year 2024. Expenses of $646K left a modest 11% surplus.

Mission

TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $724,578
Investment Income $536
Other Revenue $0
TOTAL REVENUE $725,114

Expense Breakdown

Grants Paid $0
Salaries & Benefits $266,609
Fundraising Expenses $0
Program Expenses $470,467
Other Expenses $379,331
TOTAL EXPENSES $645,940

Year-over-Year Comparison

2024 2023 Change
Revenue $725,114 $681,794 +0.1%
Expenses $645,940 $476,109 +0.4%
Net Income $79,174 $205,685 -0.6%
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

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Governance

Voting Members
4
Independent Members
4
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BERNARD PINSONNAULT PRESIDENT 0.00
Officer Director
$0 $0 $0
JOHN DUVAL JR TREASURER 0.00
Officer Director
$0 $0 $0
BRIAN ALARIE CLERK 0.00
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 $725,114 $645,940 $2,482,974 $79,174
2023 $681,794 $476,109 $2,352,917 $205,685
2022 $645,069 $513,288 $2,144,159 $131,781
2021 $653,586 $457,534 $2,016,965 $196,052
2020 $697,476 $427,076 $1,820,366 $270,400
2019 $605,801 $448,965 $1,605,802 $156,836
2018 $631,331 $500,451 $1,482,403 $130,880
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