COMMUNITY RENEWAL TEAM INC

EIN: 060795640 501(c)(3) Human Services

HARTFORD, CT

Total Revenue
$47,217,358
Total Expenses
$47,075,314
Total Assets
$36,009,072
Net Assets
$26,480,915
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
CT
Principal Officer
Magdalena Rodriguez
Phone
8605605600
Tax Period
2024-01-01 to 2024-12-31

COMMUNITY RENEWAL TEAM INC, founded in 1964, is a mid-sized nonprofit in the Human Services sector that reported $47.2M in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring.

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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 (2024)

Revenue Breakdown

Contributions & Grants $675,525
Program Service Revenue $46,130,317
Investment Income $274,856
Other Revenue $136,660
TOTAL REVENUE $47,217,358

Expense Breakdown

Grants Paid $18,715,231
Salaries & Benefits $18,510,436
Fundraising Expenses $154,090
Program Expenses $43,815,925
Other Expenses $9,849,647
TOTAL EXPENSES $47,075,314

Year-over-Year Comparison

2024 2023 Change
Revenue $47,217,358 $59,273,086 -0.2%
Expenses $47,075,314 $57,841,236 -0.2%
Net Income $142,044 $1,431,850 -0.9%
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
15
Independent Members
15
Employees
487
Volunteers
3400

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
7
$563,749
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAGDALENA RODRIGUEZ PRESIDENT/CEO 35
Officer
$371,943 $45,797 $417,740
CHRISTOPHER MCCLUSKEY SENIOR VICE PRESIDENT 35
Highest
$179,561 $9,655 $189,216
HEIDI LUBETKIN VICE PRESIDENT 35
Highest
$150,434 $9,116 $159,550
JULIE ACKERMAN VICE PRESIDENT 35
Highest
$134,420 $17,629 $152,049
JEFFREY WALSH CHIEF FINANCIAL OFFICER 35
Officer
$136,745 $9,264 $146,009
DR WILFREDO NIEVES CHAIRMAN 1
Officer Director
$0 $0 $0
MARTA BENTHAM VICE CHAIRMAN 1
Officer Director
$0 $0 $0
WALTER BENJAMIN TREASURER 1
Officer Director
$0 $0 $0
FAITH JACKSON SECRETARY 1
Officer Director
$0 $0 $0
ROBERT BENZINGER TRUSTEE 1
Director
$0 $0 $0
ROBERT CARUBIA TRUSTEE 1
Director
$0 $0 $0
ERIC COLEMAN TRUSTEE 1
Director
$0 $0 $0
ROBERT FISHMAN TRUSTEE 1
Director
$0 $0 $0
MUI MUI HIN-MCCORMICK TRUSTEE 1
Director
$0 $0 $0
DANIEL SCHAEFER TRUSTEE 1
Director
$0 $0 $0
NAVARDA WILLIAMS TRUSTEE 1
Director
$0 $0 $0
MARTIN ALVARENGA TRUSTEE 1
Director
$0 $0 $0
HILDA SANTIAGO TRUSTEE 1
Director
$0 $0 $0
VICTORIA VASQUEZ TRUSTEE 1
Director
$0 $0 $0
NORMAN JONES VICE CHAIRMAN 1
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
2024 $47,217,358 $47,075,314 $36,009,072 $142,044
2023 $59,273,086 $57,841,236 $35,730,370 $1,431,850
2022 $60,972,050 $56,279,843 $36,879,484 $4,692,207
2021 $50,680,669 $49,379,773 $32,612,649 $1,300,896
2020 $43,503,913 $43,130,033 $25,847,919 $373,880
2019 $43,217,606 $42,501,484 $25,937,928 $716,122
2018 $50,749,023 $50,497,036 $27,018,349 $251,987
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