NEIGHBORHOOD HOUSING SERVICES OF NEW BRITAIN (EIN 061006312) - 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

1978

Legal Domicile

Principal Officer

BETH WESLEY GHILONI-WAGE

Phone

8602242433

Tax Period

2024-01-01 to 2024-12-31

NEIGHBORHOOD HOUSING SERVICES OF NEW BRITAIN, founded in 1978, is a community nonprofit in the Housing & Shelter sector that reported $6.1M in total revenue in fiscal year 2024. Revenue surged 605% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.8M, a strong 62% operating margin.

Mission

AFFORDABLE HOUSING, REHABILITATION SERVICES AND HOUSING COUNSELING

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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 $5,533,133

Program Service Revenue $1,096,022

Investment Income $21,776

Other Revenue $-510,570

TOTAL REVENUE $6,140,361

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,182,603

Fundraising Expenses $40,838

Program Expenses $1,828,196

Other Expenses $1,124,650

TOTAL EXPENSES $2,307,253

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,140,361	$871,262	+6.0%
Expenses	$2,307,253	$989,924	+1.3%
Net Income	$3,833,108	$-118,662	-33.3%

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

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
BRIDGETT FEAGIN	TREASURER	2.00	Officer Director	$0	$0	$0
BETH WESLEY GHILONI-WAGE	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
HEIDI HOLT	SECRETARY	1.00	Director	$0	$0	$0
ARELIS LIVINGSTON	BOARD VICE C	2.00	Officer Director	$0	$0	$0
TALAT SALAMA PHD PE	DIRECTOR	1.00	Director	$0	$0	$0
MANNY SANDOVAL	DIRECTOR	1.00	Director	$0	$0	$0
M KATE VAN VALKENBURG	DIRECTOR	2.00	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	$6,140,361	$2,307,253	$12,965,929	$3,833,108
2023	$1,468,270	$1,940,145	$8,609,390	$-471,875
2022	$3,488,244	$1,825,932	$9,799,451	$1,662,312
2021	$1,389,737	$1,309,382	$4,584,061	$80,355
2020	$1,987,236	$1,254,747	$4,266,676	$732,489
2019	$949,830	$1,178,283	$3,523,496	$-228,453
2018	$713,210	$1,180,182	$3,534,837	$-466,972

NEIGHBORHOOD HOUSING SERVICES OF NEW BRITAIN