CHARLES H FARNSWORTH HOUSING CORPORATION (EIN 042697814) - 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

1979

Legal Domicile

Principal Officer

PETER R FENN ESQ

Phone

6173632300

Tax Period

2023-01-01 to 2023-12-31

CHARLES H FARNSWORTH HOUSING CORPORATION, founded in 1979, is a small nonprofit in the Human Services sector that reported $586K in total revenue in fiscal year 2023. Revenue fell 66% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE CONGREGATE HOUSING FACILITIES FOR THE ELDERLY OF LIMITED MEANS WHO ARE UNABLE TO CARE FOR THEMSELVES.

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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 $215,420

Investment Income $370,300

Other Revenue $0

TOTAL REVENUE $585,720

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2023	2022	Change
Revenue	$585,720	$1,723,033	-0.7%
Expenses	N/A	$1,566,524	-1.0%
Net Income	N/A	$156,509	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEAN COLLOTTA	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
DONALD CHARSKY	TREASURER	1.00	Officer Director	$0	$0	$0
LISA LEWIS	CLERK	1.00	Officer Director	$0	$0	$0
MATT O'MALLEY	DIRECTOR	1.00	Director	$0	$0	$0
PETER R FENN ESQ	PRESIDENT	1.00	Officer Director	$0	$0	$0
NATALYA LESHCHINER	CFO	1.00	Highest	$0	$26,544	$290,412

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	$585,720	No data	$1,360,097	No data
2022	$1,723,033	$1,566,524	$18,081,304	$156,509
2021	$1,726,956	$1,549,358	$4,470,708	$177,598
2020	$1,628,469	$1,653,113	$4,344,815	$-24,644
2019	$1,603,832	$1,625,198	$4,200,235	$-21,366
2018	$1,576,917	$1,604,353	$4,295,072	$-27,436

CHARLES H FARNSWORTH HOUSING CORPORATION