JULIETTE CORP (EIN 042646806) - 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

1978

Legal Domicile

Principal Officer

KEVIN MARTONE

Phone

6173713000

Tax Period

2024-07-01 to 2025-06-30

JULIETTE CORP, founded in 1978, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION'S MISSION IS TO ACQUIRE, RENOVATE AND OPERATE RENTAL COMPLEXES TO ADULTS WITH MENTAL ILLNESS WHO MEET SECTION 8 TENANT ELIGIBILITY REQUIREMENTS DEFINED BY HUD.

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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 (2024)

Revenue Breakdown

Contributions & Grants $842,673

Program Service Revenue $227,955

Investment Income $22,939

Other Revenue $17,538

TOTAL REVENUE $1,111,105

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $792,826

Other Expenses $1,116,543

TOTAL EXPENSES $1,116,543

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,111,105	$1,049,331	+0.1%
Expenses	$1,116,543	$651,857	+0.7%
Net Income	$-5,438	$397,474	-1.0%

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

$1,960,352

Total Directors

$213,857

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AJAY CHADHA	VICE CHAIRPERSON	0.10	Officer Director	$0	$0	$0
ANNE LEVINE	DIRECTOR	0.10	Director	$0	$0	$0
BRUCE G GOODMAN ESQ	DIRECTOR	0.10	Director	$0	$0	$0
CHRISTOPHER LENTO	DIRECTOR	0.10	Director	$0	$0	$0
EDDY DESIR	DIRECTOR	0.10	Director	$0	$0	$0
GREGORY BUSCONE	TREASURER	0.10	Officer Director	$0	$0	$0
JEAN MCGUIRE	DIRECTOR	0.10	Director	$0	$0	$0
KEVIN MARTONE	PRESIDENT & CEO (AS OF 3/18/25)	0.10	Officer Director	$0	$0	$0
LISA BLAKE	DIRECTOR	0.10	Director	$0	$0	$0
PETER A PEASE	DIRECTOR	0.10	Director	$0	$0	$0
ROBERT J THOMAS	DIRECTOR	0.10	Director	$0	$0	$0
RUTH FISHBEIN	CHAIRPERSON	0.10	Officer Director	$0	$0	$0
SALLY THOMPSON	DIRECTOR	0.10	Director	$0	$0	$0
SETH DALY STENNIS	DIRECTOR	0.10	Director	$0	$0	$0
THOMAS J AITES	DIRECTOR	0.10	Director	$0	$0	$0
WILLIAM H SPRAGUE	PRESIDENT/CEO (THRU 3/18/25)	0.10	Officer Director	$0	$0	$213,857
WILLIAM M MAFFIE III	DIRECTOR	0.10	Director	$0	$0	$0
WILLIAM OAKLEY	DIRECTOR (AS OF 2/21/25)	0.10	Director	$0	$0	$0
ANNE RUSH	SVP & CHRO (AS OF 12/12/24)	0.10	Officer	$0	$0	$0
CARLEY LUBARSKY	SVP & CHIEF OPERATING OFFICER	0.10	Officer	$0	$25,213	$255,427
HEMA MAHASE	ASSISTANT CLERK	0.10	Officer	$0	$18,205	$100,680
JOELLE NIMS	CLERK	0.10	Officer	$0	$41,786	$133,666
JULIE CELANO	SVP & CHRO (THRU 10/2/24)	0.10	Officer	$0	$9,621	$200,626
KELLY LACAVA	SVP & CIO/CAO	0.10	Officer	$0	$47,452	$248,582
KERRY J OLLEN	INTERIM ASST TREASURER/SVP/CFO (AS OF 11/5/24)	0.10	Officer	$0	$3,449	$480,620
MARCEL VERNON	CFO, ASST. TREASURER (THRU 11/12/24)	0.10	Officer	$0	$29,906	$326,894
LOUIS JOSEPHSON	FORMER PRESIDENT & CEO	0.00		$0	$12,490	$484,587

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	$1,111,105	$1,116,543	$2,730,322	$-5,438
2024	No data	No data	No data	No data
2023	$969,570	$709,271	$2,306,907	$260,299
2022	$891,740	$970,133	$2,244,331	$-78,393
2021	$927,298	$670,704	$2,363,842	$256,594
2020	$911,370	$718,891	$2,277,115	$192,479
2019	$887,660	$692,977	$2,280,218	$194,683
2018	$901,829	$773,056	$2,282,069	$128,773

JULIETTE CORP