BLACKSTONE HOUSING CORPORATION JOSEPH D EARLY VILLAGE (EIN 042685432) - 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

ROBERT DRAINVILLE

Phone

5088839802

Tax Period

2023-10-01 to 2024-09-30

BLACKSTONE HOUSING CORPORATION JOSEPH D EARLY VILLAGE, founded in 1977, is a small nonprofit in the Housing & Shelter sector that reported $693K in total revenue in fiscal year 2023. The organization ran a surplus of $132K, a strong 19% operating margin.

Mission

PROVIDE LOW INCOME ELDERLY AND HANDICAPPED AFFORDABLE HOUSING USING SECTION 8 ASSISTANCE

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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 $686,533

Investment Income $1,268

Other Revenue $5,198

TOTAL REVENUE $692,999

Expense Breakdown

Grants Paid $0

Salaries & Benefits $109,019

Fundraising Expenses $0

Program Expenses $438,931

Other Expenses $451,698

TOTAL EXPENSES $560,717

Year-over-Year Comparison

	2023	2022	Change
Revenue	$692,999	$646,761	+0.1%
Expenses	$560,717	$551,427	+0.0%
Net Income	$132,282	$95,334	+0.4%

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

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

$41,187

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT DRAINVILLE	PRESIDENT	0.00	Officer Director	$0	$0	$0
MARGARET KEEGAN	TREASURER	0.00	Officer Director	$0	$0	$0
LYNN MORIN	SECRETARY	0.00	Officer Director	$0	$0	$0
PAULETTE LESIAK	DIRECTOR	0.00	Director	$0	$0	$0
ALBERT POLSELLI	EXECUTIVE DIRECTOR	25.00	Officer	$41,187	$0	$41,187

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	$692,999	$560,717	$2,368,247	$132,282
2023	$646,761	$551,427	$2,288,704	$95,334
2022	$659,756	$566,440	$2,197,942	$93,316
2021	$636,975	$500,403	$2,123,284	$136,572
2020	$985,891	$524,569	$2,008,856	$461,322
2019	$596,123	$506,242	$1,577,538	$89,881
2018	$590,958	$498,583	$1,494,800	$92,375

BLACKSTONE HOUSING CORPORATION JOSEPH D EARLY VILLAGE