COVENTRY HOUSING ASSOCIATES CORPORATION (EIN 050495681) - 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

1996

Legal Domicile

Principal Officer

MAUREEN JENDZEJEC

Phone

4018284367

Tax Period

2024-01-01 to 2024-12-31

COVENTRY HOUSING ASSOCIATES CORPORATION, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $150K in total revenue in fiscal year 2024. Revenue surged 245% from the prior year, signaling strong growth momentum. Expenses of $495K exceeded revenue, resulting in a 230% operating deficit.

Mission

AFFORDABLE HOUSING OPPORTUNITIES FOR THE PROMISE OF COMMUNITY

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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 (2024)

Revenue Breakdown

Contributions & Grants $13,780

Program Service Revenue $132,903

Investment Income $3,199

Other Revenue $0

TOTAL REVENUE $149,882

Expense Breakdown

Grants Paid $13,780

Salaries & Benefits $51,460

Fundraising Expenses $0

Program Expenses $480,450

Other Expenses $430,011

TOTAL EXPENSES $495,251

Year-over-Year Comparison

	2024	2023	Change
Revenue	$149,882	$43,414	+2.5%
Expenses	$495,251	$509,076	0.0%
Net Income	$-345,369	$-465,662	-0.3%

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

$153,555

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAUREEN K JENDZEJEC	CHAIR	0.50	Officer Director	$0	$0	$0
R DAVID JERVIS	VICE CHAIR/ TREASURER	0.50	Officer Director	$0	$0	$0
ROBERT I ELDRED	SECRETARY	0.50	Officer Director	$0	$0	$0
JANE DEPTULA	DIRECTOR	0.50	Director	$0	$0	$0
PHIL REYNOLDS	DIRECTOR	0.50	Director	$0	$0	$0
JULIE A LEDDY	EXECUTIVE DIRECTOR	4.00	Officer	$30,000	$7,411	$153,555

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	$149,882	$495,251	$3,208,488	$-345,369
2023	$43,414	$509,076	$2,941,216	$-465,662
2022	$128,122	$578,447	$553,164	$-450,325
2021	$21,027	$128,443	$550,256	$-107,416
2020	$221,150	$98,351	$432,635	$122,799
2020	$64,188	$124,589	$405,507	$-60,401
2019	$65,558	$88,850	$563,484	$-23,292
2018	$64,825	$96,709	$433,660	$-31,884

COVENTRY HOUSING ASSOCIATES CORPORATION