HOUSING FOR ROCKDALE ELDERS INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1983

Legal Domicile

Principal Officer

BRIAN SCALES

Phone

9786306600

Tax Period

2024-11-01 to 2025-10-31

HOUSING FOR ROCKDALE ELDERS INC, founded in 1983, is a small nonprofit in the Housing & Shelter sector that reported $605K in total revenue in fiscal year 2024.

Mission

TO PROVIDE AFFORDABLE RESIDENTIAL HOUSING FOR ELDERLY PERSONS IN NORTHBRIDGE, MASSACHUSETTS.

Program Service Accomplishments

Program 1

Expenses: $544,294 Revenue: $237,318

TO ACQUIRE, CONSTRUCT, REHABILITATE AND OPERATE 40 UNITS OF AFFORDABLE RESIDENTIAL HOUSING FOR ELDERLY PERSONS LOCATED IN NORTHBRIDGE, MASSACHUSETTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $367,205

Program Service Revenue $234,254

Investment Income $98

Other Revenue $3,064

TOTAL REVENUE $604,621

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $544,294

Other Expenses $602,145

TOTAL EXPENSES $602,145

Year-over-Year Comparison

	2024	2023	Change
Revenue	$604,621	$565,205	+0.1%
Expenses	$602,145	$563,542	+0.1%
Net Income	$2,476	$1,663	+0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$351,601

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA MCGEE	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN SCALES	PRESIDENT/TREASURER	1.00	Officer	$0	$15,270	$273,015
DEBORAH FOLEY	CLERK/RESIDENT AGENT	1.00	Officer	$0	$0	$78,586

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	$604,621	$602,145	$534,222	$2,476
2024	$565,205	$563,542	$536,889	$1,663
2023	$554,253	$533,426	$577,736	$20,827
2022	$530,810	$537,175	$629,224	$-6,365
2021	$504,845	$537,351	$680,370	$-32,506
2020	$511,068	$513,427	$775,706	$-2,359
2019	$494,347	$507,447	$827,722	$-13,100
2018	$495,248	$497,753	$879,461	$-2,505