HARTFORD, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
CRT's mission "Preparing our community to meet life's challenges". We help everyone wo comes to our door with resources for both immediate needs and longer-term goals. As the designated community action agency for both Hartford and Middlesex Counties, the Community Renewal Team (CRT) is dedicated to helping people take steps toward healthy and economically stable futures. Since 1963, our 501(c)(3) nonprofit organization has partnered with local elected officials, providers, funders, businesses, and the community to address challenges like hunger, homelessness, unemployment, and poverty. Together, we increase access to education, affordable housing, mental health services and much more for thousands of individuals and families throughout Central Connecticut each year. For over 60 years, CRT has been hard at work changing the lives of people we serve, helping them create positive opportunities with long-range impact. We connect individuals and families to the right resources, programs, and services - both our own and that of our partners - to help resolve urgent needs, provide critical support when people are in crisis, and empower people to take the correct steps that will lead to opportunities for success. We foster independence and skill building while guiding individuals, families, and entire communities toward a long-term stable and more successful future. We recognize that participants experience longer-term benefits from a holistic approach to case management. Through our "Steps to Success" case management process, we offer the opportunity to address a wide range of needs and challenges to help participants to build a better future for themselves and their families. Our single-minded determination to help every person who arrives at our door has driven us to encourage systems change. We listen to concerns of our communities throughout Central Connecticut - from Enfield straight down to Long Island Sound. We identify and develop innovative models to offer services to under-served populations and create connections with other community-based providers to augment our diverse range of programs and services, which include: basic needs (energy assistance, financial literacy, food & clothing assistance, housing counseling, SNAP outreach, VITA tax services, weatherization services); children (child nutrition, early childhood education, summer food); health & wellness (behavioral health services (mental health/substance abuse), HIV services, homeless outreach, medication assisted treatment program, re-entry recovery services); housing & shelters (affordable housing, housing placement & supportive services, homeless shelters: East Hartford family shelter, McKinney men's shelter, permanent supportive housing, housing for grandparents raising grandchildren, veterans and seniors); jobs and training (Middlesex youth development, summer youth employment); seniors (community cafes, meals on wheels, The Retreat Assisted Living, retired and senior volunteer program, senior affordable housing); veterans(targeted case management for veterans, supportive services for veteran families). CRT's accountability systems track program outcomes and the impact that these programs have on individual's families, and communities we serve. Monitoring systems are in place to ensure program integrity and transparency. Program Managers along with our Quality Assurance Department conduct regular program audits. Staff training and feedback is provided when needed to regularly improve and enhance our programs and services. In 2024, CRT served 27,667 households and 57,967 individuals throughout Central Connecticut (80% of the households served by CRT's programs and services are between zero and 200% of the Federal Poverty Limit; 26% are single parent households). CRT's core service area covers Hartford, Middlesex, and parts of New Haven County. Many people seek our services in person using our multi-service centers located in Hartford and Middletown. CRT believes that all people have the right to live with dignity and deserve recognition, respect, and reinforcement of their basic worth, along with validation of their cultural and ethnic heritage. Community action changes people's lives, embodies the spirit of hope, improves communities, and makes America a better place to live. We care about the entire community, and our employees and Board of Trustees are dedicated to helping people help themselves and each other.
ENERGY ASSISTANCE PROGRAMS: CRT'S ENERGY ASSISTANCE PROGRAM PROVIDES ASSISTANCE TO LOW INCOME FAMILIES TO HELP WITH HOME HEATING COSTS. CRT'S WEATHERIZATION PROGRAM PROVIDES LOW INCOME FAMILIES WITH...
ENERGY ASSISTANCE PROGRAMS: CRT'S ENERGY ASSISTANCE PROGRAM PROVIDES ASSISTANCE TO LOW INCOME FAMILIES TO HELP WITH HOME HEATING COSTS. CRT'S WEATHERIZATION PROGRAM PROVIDES LOW INCOME FAMILIES WITH ASSISTANCE IN MAKING THEIR HOMES MORE ENERGY EFFICIENT IN AN EFFORT TO HELP REDUCE THEIR MONTHLY UTILITY COSTS. DURING FISCAL YEAR 2024, CRT PROVIDED ENERGY ASSISTANCE TO 28,000 FAMILIES AND PROVIDED WEATHERIZATION ASSISTANCE TO 500 UNITS.
NUTRITION SERVICES: CRT'S NUTRITION SERVICES PROVIDE ACCESS TO HEALTHY AND NUTRITIOUS FOOD FOR CHILDREN AND SENIORS. NUTRITIOUS BREAKFASTS, SNACKS AND LUNCHES ARE PROVIDED AT CRT'S EARLY CARE AND...
NUTRITION SERVICES: CRT'S NUTRITION SERVICES PROVIDE ACCESS TO HEALTHY AND NUTRITIOUS FOOD FOR CHILDREN AND SENIORS. NUTRITIOUS BREAKFASTS, SNACKS AND LUNCHES ARE PROVIDED AT CRT'S EARLY CARE AND EDUCATION CENTERS AND DURING THE SUMMER MONTHS VIA THE SUMMER FOOD SERVICE PROGRAM AT COMMUNITY LOCATIONS. MEALS FOR SENIORS ARE OFFERED AT COMMUNITY CAFES AND DELIVERED DIRECTLY TO THE HOMES OF HOMEBOUND SENIORS. DURING FISCAL YEAR 2024, CRT PROVIDED ASSISTANCE TO 5,700 INDIVIDUALS.
HOUSING SERVICES: CRT OPERATES A VARIETY OF HOUSING ASSISTANCE PROGRAMS. THESE RANGE FROM HOUSING COUNSELING FOR HOMEOWNERS TO TWO EMERGENCY SHELTERS, ONE FOR SINGLE MEN (MCKINNEY IN HARTFORD) AND...
HOUSING SERVICES: CRT OPERATES A VARIETY OF HOUSING ASSISTANCE PROGRAMS. THESE RANGE FROM HOUSING COUNSELING FOR HOMEOWNERS TO TWO EMERGENCY SHELTERS, ONE FOR SINGLE MEN (MCKINNEY IN HARTFORD) AND EAST HARTFORD FOR FAMILIES. STAFF ALSO WORK WITH INDIVIDUALS WHO ARE HOMELESS OR UNSTABLY HOUSED TO FIND AND RETAIN HOUSING. THESE DIFFERENT HOUSING INITIATIVES INVOLVE ENSURING THAT APARTMENTS ARE HABITABLE, NEGOTIATING WITH LANDLORDS, ASSISTING WITH RENT AND UTILITIES, AND LINKING CLIENTS TO PROGRAMS THAT WILL HELP THEM MAINTAIN STABLE HOUSING (e.g MENTAL HEALTH AND SUBSTANCE USE SERVICES, FINANCIAL LITERACY, EDUCATIONAL CLASSES, VOCATIONAL TRAINING, ETC.) THROUGH THESE SUPPORTIVE HOUSING PROJECTS, THE AGENCY WORKS WITH EX-OFFENDERS, HOMELESS VETERANS, ADULTS, YOUTH AND THE CHRONICALLY HOMELESS. CRT ALSO OPERATES A NUMBER OF ITS OWN PROPERTIES. THESE INCLUDE AN ASSISTED LIVING FACILITY FOR SENIORS (THE RETREAT), HOUSING COMPLEXES THAT OFFER AFFORDABLE APARTMENTS FOR SENIORS AND FOR GRANDPARENTS RAISING THEIR CHILDREN, AND A TRANSITIONAL RESIDENCE FOR HOMELESS VETERANS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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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