ROWAYTON SENIOR HOUSING CORPORATION

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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

1975

Legal Domicile

Principal Officer

KEVIN TEPAS

Phone

2038668447

Tax Period

2024-10-01 to 2025-09-30

ROWAYTON SENIOR HOUSING CORPORATION, founded in 1975, is a small nonprofit that reported $813K in total revenue in fiscal year 2024. The organization ran a surplus of $161K, a strong 20% operating margin.

Mission

TO PROVIDE HOUSING FOR THE ELDERLY AND OTHER ELIGIBLE OCCUPANTS VIA AN APARTMENT COMPLEX OF 24 UNITS, KNOWN AS HILL TOP HOMES, IN ROWAYTON, CT.

Program Service Accomplishments

Program 1

Expenses: $574,896 Revenue: $180,734

THE ORGANIZATION OWNS AND OPERATES AN AFFORDABLE HOUSING APARTMENT COMPLEX OF 24 UNITS, KNOWN AS HILL TOP HOMES, IN ROWAYTON, CONNECTICUT.

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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 $591,170

Program Service Revenue $180,734

Investment Income $37,740

Other Revenue $3,529

TOTAL REVENUE $813,173

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $574,896

Other Expenses $651,976

TOTAL EXPENSES $651,976

Year-over-Year Comparison

	2024	2023	Change
Revenue	$813,173	$778,488	+0.0%
Expenses	$651,976	$607,026	+0.1%
Net Income	$161,197	$171,462	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN TEPAS	PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHAEL MUNISTERI	TREASURER	2.00	Officer Director	$0	$0	$0
JEFFREY WALSH	SECRETARY	2.00	Officer Director	$0	$0	$0
JOSEPH CARTER	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN DUNLAP	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT F EYDT	DIRECTOR	1.00	Director	$0	$0	$0
JAMES FRAYER	DIRECTOR	1.00	Director	$0	$0	$0
RUTH FREEMAN	DIRECTOR	1.00	Director	$0	$0	$0
MELANIE HOWLETT	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL STEIN	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK STEELE	DIRECTOR	1.00	Director	$0	$0	$0
TERRY WETTERGREEN	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
2025	$813,173	$651,976	$2,919,246	$161,197
2024	$778,488	$607,026	$2,600,367	$171,462
2023	$605,187	$578,448	$2,443,015	$26,739
2022	$569,621	$556,861	$2,436,680	$12,760
2021	$528,290	$527,438	$2,454,213	$852
2020	$535,297	$498,009	$2,545,772	$37,288
2019	$566,947	$475,578	$2,477,726	$91,369
2018	$439,219	$437,544	$829,868	$1,675