FOSTER SENIOR HOUSING INC

EIN: 050384420 501(c)(3)

FOSTER, RI

Total Revenue
$447,700
Total Expenses
$458,279
Total Assets
$1,403,481
Net Assets
$-9,653
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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
RI
Principal Officer
RALPH ANTONELLI
Phone
4019490270
Tax Period
2021-01-01 to 2021-12-31

FOSTER SENIOR HOUSING INC, founded in 1978, is a small nonprofit that reported $448K in total revenue in fiscal year 2021.

Mission

OWN AND OPERATE A 30 UNIT ELDERLY COMPLEX UNDER USDA RURAL DEVELOPMENT GUIDELINES

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $312,615
Program Service Revenue $132,389
Investment Income $2,696
Other Revenue $0
TOTAL REVENUE $447,700

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $422,722
Other Expenses $458,279
TOTAL EXPENSES $458,279

Year-over-Year Comparison

2021 2020 Change
Revenue $447,700 $449,337 0.0%
Expenses $458,279 $437,389 +0.0%
Net Income $-10,579 $11,948 -1.9%
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

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Governance

Voting Members
9
Independent Members
9
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
4
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RALPH ANTONELLI PRESIDENT 4.00
Officer Director
$0 $0 $0
DENISE DEFRANCO DIRECTOR 2.00
Director
$0 $0 $0
MARY AGNAS FENNESSEY DIRECTOR 2.00
Director
$0 $0 $0
ELWOOD HOPKINS DIRECTOR 2.00
Director
$0 $0 $0
MELANIE JOHNSON DIRECTOR 2.00
Director
$0 $0 $0
PAUL MORRISSEY TREASURER 4.00
Officer Director
$0 $0 $0
LYNNE RIDER DIRECTOR 2.00
Director
$0 $0 $0
MARGARET SHIPPEE SECRETARY 4.00
Officer Director
$0 $0 $0
THOMAS WALDEN VICE PRESIDE 4.00
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
2021 $447,700 $458,279 $1,403,481 $-10,579
2020 $449,337 $437,389 $1,451,131 $11,948
2019 $448,300 $455,375 $1,494,637 $-7,075
2018 $445,683 $456,817 $1,519,357 $-11,134
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