SACRED HEART HOUSING CORPORATION

EIN: 050483258 501(c)(3)

WEST WARWICK, RI

Total Revenue
$2,100,060
Total Expenses
$1,492,189
Total Assets
$2,321,193
Net Assets
$2,321,193
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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
2002
Legal Domicile
RI
Principal Officer
MARK BRUNERO
Phone
4018288040
Tax Period
2025-01-01 to 2025-12-31

SACRED HEART HOUSING CORPORATION, founded in 2002, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2025. The organization ran a surplus of $608K, a strong 29% operating margin.

Mission

HOUSING FOR THE ELDERLY & HANDICAPPED

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,096,871
Investment Income $3,189
Other Revenue $0
TOTAL REVENUE $2,100,060

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,467,848
Other Expenses $1,492,189
TOTAL EXPENSES $1,492,189

Year-over-Year Comparison

2025 2024 Change
Revenue $2,100,060 $2,099,738 +0.0%
Expenses $1,492,189 $1,416,947 +0.1%
Net Income $607,871 $682,791 -0.1%
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
6
Independent Members
6
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
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK BRUNERO TREASURER N/A
Officer Director
$0 $0 $0
SHEILA M DREW TRUSTEE N/A
Director
$0 $0 $0
KYLE GAUVIN PRESIDENT N/A
Officer Director
$0 $0 $0
DOMENIC PALAZZO TRUSTEE N/A
Director
$0 $0 $0
KATELYN PARENTE DIRECTOR N/A
Director
$0 $0 $0
PAUL VILLA DIRECTOR N/A
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
2025 $2,100,060 $1,492,189 $2,321,193 $607,871
2024 $2,099,738 $1,416,947 $1,713,322 $682,791
2023 $1,484,818 $1,396,581 $1,030,531 $88,237
2022 $1,451,973 $1,385,994 $942,294 $65,979
2021 $1,433,792 $1,266,059 $876,315 $167,733
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