THE NORTHEASTERN CONNECTICUT COMMUNITY DEVELOPMENT CORPORATION INC (EIN 060903918) - 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

1973

Legal Domicile

Principal Officer

BARBARA MCGRATH

Phone

8605648230

Tax Period

2023-01-01 to 2023-12-31

THE NORTHEASTERN CONNECTICUT COMMUNITY DEVELOPMENT CORPORATION INC, founded in 1973, is a small nonprofit that reported $416K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $393K left a modest 5% surplus.

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME HOUSEHOLDS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $50,000

Program Service Revenue $365,598

Investment Income $174

Other Revenue $0

TOTAL REVENUE $415,772

Expense Breakdown

Grants Paid $0

Salaries & Benefits $80,883

Fundraising Expenses $0

Program Expenses $392,955

Other Expenses $312,072

TOTAL EXPENSES $392,955

Year-over-Year Comparison

	2023	2022	Change
Revenue	$415,772	$355,990	+0.2%
Expenses	$392,955	$385,897	+0.0%
Net Income	$22,817	$-29,907	-1.8%

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

N/A

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
DINO RICCIARDONE	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA MCGRATH	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFFREY BEADLE	SECRETARY	1.00	Officer Director	$0	$0	$0
GEORGE HERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
KARL NORTON	DIRECTOR	1.00	Director	$0	$0	$0
ROBERTA DWYER	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN JEPSON JR	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$415,772	$392,955	$2,464,970	$22,817
2022	$355,990	$385,897	$2,517,046	$-29,907
2021	$346,948	$380,687	$2,580,983	$-33,739
2020	$351,637	$366,785	$2,643,191	$-15,148
2019	$892,296	$384,821	$2,684,727	$507,475
2018	$347,655	$366,354	$2,236,239	$-18,699

THE NORTHEASTERN CONNECTICUT COMMUNITY DEVELOPMENT CORPORATION INC