SPURWINK REALTY DEVELOPMENT (EIN 050484379) - 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

1995

Legal Domicile

Phone

4017814380

Tax Period

2025-01-01 to 2025-12-31

SPURWINK REALTY DEVELOPMENT, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $177K in total revenue in fiscal year 2025. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $237K exceeded revenue, resulting in a 34% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO DISABLED INDIVIDUALS

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $173,727

Investment Income $1,453

Other Revenue $1,446

TOTAL REVENUE $176,626

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $236,757

Other Expenses $236,757

TOTAL EXPENSES $236,757

Year-over-Year Comparison

	2025	2024	Change
Revenue	$176,626	$162,773	+0.1%
Expenses	$236,757	$207,192	+0.1%
Net Income	$-60,131	$-44,419	+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

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
RAYMOND ARSENAULT	President	1.00	Officer Director	$0	$0	$0
DENNIS J CARVALHO	Treasurer	1.00	Officer Director	$0	$0	$0
PAULA KRITICOS	Secretary	1.00	Officer Director	$0	$0	$0
JOHN QUINLAN	Director	1.00	Director	$0	$0	$0
DONNA MARTIN	Director	1.00	Director	$0	$0	$0
JOAN MILAS	Director	1.00	Director	$0	$0	$0
ROBERT VILLUCCI	Director	1.00	Director	$0	$0	$0
KATHRYN KRZYWONOS	Director	0.00	Director	$0	$0	$0
STEVEN A COLANTUONO	Director	1.00	Director	$0	$0	$0
ROLAND LANDRY	Director	0.00	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	$176,626	$236,757	$1,122,137	$-60,131
2024	$162,773	$207,192	$1,186,399	$-44,419
2023	$158,546	$190,795	$1,227,035	$-32,249
2022	$161,882	$182,952	$1,252,948	$-21,070
2021	$158,297	$170,800	$1,275,393	$-12,503
2020	$153,920	$172,609	$1,289,425	$-18,689
2019	$163,254	$179,472	$1,310,180	$-16,218
2018	$153,782	$186,914	$1,321,986	$-33,132

SPURWINK REALTY DEVELOPMENT