WILLIAMSTOWN ELDERLY HOUSING CORPORATION C/O HEARTHWAY INC (EIN 042649177) - 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

BRIAN O'GRADY

Phone

4134991630

Tax Period

2024-01-01 to 2024-12-31

WILLIAMSTOWN ELDERLY HOUSING CORPORATION C/O HEARTHWAY INC, founded in 1978, is a small nonprofit in the Housing & Shelter sector that reported $938K in total revenue in fiscal year 2024. Expenses of $907K left a modest 3% 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $936,546

Investment Income $998

Other Revenue $0

TOTAL REVENUE $937,544

Expense Breakdown

Grants Paid $0

Salaries & Benefits $235,497

Fundraising Expenses $0

Program Expenses $744,612

Other Expenses $671,515

TOTAL EXPENSES $907,012

Year-over-Year Comparison

	2024	2023	Change
Revenue	$937,544	$908,188	+0.0%
Expenses	$907,012	$839,871	+0.1%
Net Income	$30,532	$68,317	-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

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
BRIAN O'GRADY	PRESIDENT	Officer Director	$0	$0	$0
KATHLEEN THOMPSON	VICE PRESIDENT	Officer Director	$0	$0	$0
STEVEN FOGEL	TREASURER	Officer Director	$0	$0	$0
HOLLY EDWARDS	CLERK	Officer Director	$0	$0	$0
ANNE SINGLETON	BOARD MEMBER	Director	$0	$0	$0
PAM BURGER	BOARD MEMBER	Director	$0	$0	$0
MARILYN DANYLIN	BOARD MEMBER	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	$937,544	$907,012	$1,821,883	$30,532
2023	$908,188	$839,871	$1,759,747	$68,317
2022	$885,726	$858,059	$1,701,314	$27,667
2021	$858,015	$825,990	$1,702,842	$32,025
2020	$850,254	$813,549	$1,713,040	$36,705
2019	$837,805	$834,506	$1,673,546	$3,299
2018	$830,609	$823,963	$1,712,765	$6,646

WILLIAMSTOWN ELDERLY HOUSING CORPORATION C/O HEARTHWAY INC