EASTERN CONNECTICUT HOUSING

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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

1976

Legal Domicile

Principal Officer

D BARTLEY SMITH

Phone

8605282885

Tax Period

2023-01-01 to 2023-12-31

EASTERN CONNECTICUT HOUSING, founded in 1976, is a small nonprofit that reported $794K in total revenue in fiscal year 2023.

Mission

TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY.

Program Service Accomplishments

Program 1

Expenses: $736,380 Revenue: $728,782

THE CORPORATION OWNS AND OPERATES TWO APARTMENT COMPLEXES WHICH PROVIDE LOW INCOME HOUSING FOR THE ELDERLY IN ANDOVER AND DANIELSON, CT. HOP RIVER HOMES IN ANDOVER, CT OPERATES UNDER SECTION 515 OF THE HOUSING ACT OF 1949 AND SECTION 8 OF THE UNITED STATES HOUSING ACT OF 1937. WESTFIELD VILLAGE IS IN DANIELSON, CT AND OPERATES UNDER SECTION 8 OF THE UNITED STATES HOUSING ACT OF 1937.

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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 $44,602

Program Service Revenue $734,131

Investment Income $15,702

Other Revenue $0

TOTAL REVENUE $794,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $87,891

Fundraising Expenses $0

Program Expenses $736,380

Other Expenses $750,449

TOTAL EXPENSES $838,340

Year-over-Year Comparison

	2023	2022	Change
Revenue	$794,435	$765,101	+0.0%
Expenses	$838,340	$716,132	+0.2%
Net Income	$-43,905	$48,969	-1.9%

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

Governance

Voting Members

Independent Members

Employees

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
WENDY CUMMINGS	MEMBER	2.00	Director	$0	$0	$0
CARLA D'AMOUR	MEMBER	2.00	Director	$0	$0	$0
SANDRA FITENI	MEMBER	2.00	Director	$0	$0	$0
BETSY HOULE	MEMBER	2.00	Director	$0	$0	$0
TRUDAY HYATT	MEMBER	2.00	Director	$0	$0	$0
ELAINE LIPPKE	MEMBER	2.00	Director	$0	$0	$0
DR ROBERT MACNEIL	MEMBER	2.00	Director	$0	$0	$0
TOM SINGLETON	SECRETARY	2.00	Officer Director	$0	$0	$0
D BARTLEY SMITH	PRESIDENT	2.00	Officer Director	$0	$0	$0
KATHY STEARNS	TREASURER	2.00	Officer Director	$0	$0	$0
MARIA TULMAN	VICE PRESIDE	2.00	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	No data	No data	No data	No data
2023	$794,435	$838,340	$2,203,456	$-43,905
2022	$765,101	$716,132	$1,635,518	$48,969
2021	$746,586	$666,333	$1,655,894	$80,253
2020	$745,690	$668,166	$1,692,434	$77,524
2019	$717,307	$681,174	$1,728,191	$36,133
2018	$702,642	$737,518	$1,773,170	$-34,876