New Britain, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Friendship Service Center Inc, founded in 1968, is a community nonprofit in the Housing & Shelter sector that reported $5.0M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum.
Friendship Service Center makes love visible through compassionate, person-centered services for those at risk of or experiencing homelessness. Friendship Service Center, Inc. envisions a Greater New Britain community where everyone has a safe, affordable home and episodes of hunger and homelessness are brief and non-recurring.
Supportive Housing: PEAK (People Empowered by Achievement and Knowledge) and HAL (Home At Last) programs offer subsidized housing vouchers to formerly homeless individuals or families so that they...
Supportive Housing: PEAK (People Empowered by Achievement and Knowledge) and HAL (Home At Last) programs offer subsidized housing vouchers to formerly homeless individuals or families so that they may live in apartments scattered throughout the Greater New Britain area while receiving case management services. Certificates are currently available for 33 apartments through PEAK and 10 apartments through HAL; participants pay one-third of their income for rent and the program pays the rest. ASH (Arch Street Housing) and Howey House are two buildings where formerly homeless individuals or families live in their own apartments within a communal building where on-site case management is offered to support self-sufficiency. Arch Street Housing consists of 21 one- two- and three-bedroom apartments for families and individual adults at 59 and 85 Arch Street in New Britain. Howey House consists of 11 efficiency or one-bedroom units for individual adults at 180 North Street in New Britain. We served 120 people from 83 households in FY25 through these programs.
Interim Housing: Our 37-bed Emergency Shelter for individual adults and families with children, and our Transitional Living Program for 10 homeless youth (ages 18-24), are located in our Virginia C...
Interim Housing: Our 37-bed Emergency Shelter for individual adults and families with children, and our Transitional Living Program for 10 homeless youth (ages 18-24), are located in our Virginia C. Davis Building. Since September 2023, we also have opened 4 respite beds for individual adults experiencing homelessness that are frequent users of Hospital of Central CT services. We served 124 people from 99 households through our Emergency Shelter program; 44 youth through our Transitional Living program; and 28 people in our medical respite program in FY25.
Hope Connection Center: Hope Connection Center is a drop-in center for people at-risk of or experiencing homelessness in Central CT at 61 Arch St, New Britain. The project is a community partnership...
Hope Connection Center: Hope Connection Center is a drop-in center for people at-risk of or experiencing homelessness in Central CT at 61 Arch St, New Britain. The project is a community partnership with a number of agencies in the region to offer leveraged services like financial literacy, substance use recovery support, mental health, and employment, supplementing the resources HCC offers, such as showers and laundry. We served 710 people from 672 households in FY25 through this program.
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 | $4,989,308 | $4,145,740 | +0.2% |
| Expenses | $5,136,174 | $4,726,816 | +0.1% |
| Net Income | $-146,866 | $-581,076 | -0.7% |
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 |
|---|---|---|---|---|---|---|
| Richard M Dighello | Interim President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Don Beckwith | vice president | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Amy Meiners | Interim Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| jeffery paz | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Jessica Vargas | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Dave Thompkins | director | 1.00 |
Director
|
$0 | $0 | $0 |
| Jennifer Towne | director | 1.00 |
Director
|
$0 | $0 | $0 |
| Vernon Baker | director | 1.00 |
Director
|
$0 | $0 | $0 |
| Patryk Krakowski | director | 1.00 |
Director
|
$0 | $0 | $0 |
| Kerri langevin | director | 1.00 |
Director
|
$0 | $0 | $0 |
| suzy Rivera | Director of finance | 40.00 |
Officer
|
$90,364 | $18,786 | $109,150 |
| Caitlin Rose | Chief Executive Officer | 40.00 |
Officer
|
$149,631 | $11,591 | $161,222 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $4,989,308 | $5,136,174 | $13,119,292 | $-146,866 |
| 2024 | $4,145,740 | $4,726,816 | $13,042,545 | $-581,076 |
| 2023 | $4,029,811 | $4,507,691 | $13,562,499 | $-477,880 |
| 2022 | $3,305,309 | $3,636,551 | $13,813,064 | $-331,242 |
| 2021 | $2,988,286 | $3,385,385 | $14,536,870 | $-397,099 |
| 2020 | $2,902,385 | $3,241,557 | $14,378,713 | $-339,172 |
| 2019 | $2,622,155 | $3,086,622 | $14,382,421 | $-464,467 |
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