BYFIELD HOUSING FOR THE ELDERLY INC (EIN 042666549) - 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

1976

Legal Domicile

Principal Officer

EVELYN M NOYES

Phone

9784657408

Tax Period

2023-01-01 to 2023-12-31

BYFIELD HOUSING FOR THE ELDERLY INC, founded in 1976, is a small nonprofit that reported $494K in total revenue in fiscal year 2023. Expenses of $637K exceeded revenue, resulting in a 29% operating deficit.

Mission

THE ORGANIZATION IS A RECIPIENT OF RURAL RENTAL HOUSING LOANS FROM USDA.THE OBJECTIVE PROGRAM IS TO PROVIDE HOUSING FOR INDEPENDENT LIVING OF SENIOR CITIZENS, HANDICAPPEDPERSONS AND OTHER PERSONS OF LOW AND MODERATE INCOMES.

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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 $235,261

Program Service Revenue $255,689

Investment Income $3,012

Other Revenue $0

TOTAL REVENUE $493,962

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $637,288

Other Expenses $637,288

TOTAL EXPENSES $637,288

Year-over-Year Comparison

	2023	2022	Change
Revenue	$493,962	$490,031	+0.0%
Expenses	$637,288	$573,355	+0.1%
Net Income	$-143,326	$-83,324	+0.7%

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
AMY CAGNEY	DIRECTOR	2.00	Director	$0	$0	$0
KELLY HYNES	DIRECTOR	2.00	Director	$0	$0	$0
JOYCE KNOWLTON	TREASURER	2.00	Officer Director	$0	$0	$0
DAVID MORSE	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
EVELYN M NOYES	PRESIDENT	2.00	Officer Director	$0	$0	$0
NEIDSHA RETTKOWSKI	DIRECTOR	2.00	Director	$0	$0	$0
MARY WETHERBEE	SECRETARY	2.00	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	No data	No data	No data	No data
2023	$493,962	$637,288	$1,455,516	$-143,326
2022	$490,031	$573,355	$1,572,361	$-83,324
2021	$490,481	$564,265	$1,656,131	$-73,784
2020	$490,214	$548,003	$1,732,216	$-57,789
2019	$492,289	$566,652	$1,772,964	$-74,363
2018	$468,473	$588,987	$1,823,505	$-120,514

BYFIELD HOUSING FOR THE ELDERLY INC