HART RESIDENCES INC

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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

2001

Legal Domicile

Principal Officer

JULIE ZALEGOWSKI

Phone

2032342200

Tax Period

2022-07-01 to 2023-06-30

HART RESIDENCES INC, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $263K in total revenue in fiscal year 2022. The organization ran a surplus of $64K, a strong 24% operating margin.

Mission

TO PROVIDE SUPPORT SERVICES TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES THROUGHOUT CONNECTICUT AND TO MAINTAIN A COMMITMENT TO EMPOWER INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES AND THEIR FAMILIES TO HAVE MORE CHOICES AND OPPORTUNITIES IN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $162,666 Revenue: $263,349

HART RESIDENCES, INC. OPERATES RESIDENTIAL LIVING PROGRAMS FOR DEVELOPMENTALLY DISABLED INDIVIDUALS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $263,349

Investment Income $82

Other Revenue $0

TOTAL REVENUE $263,431

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $162,666

Other Expenses $199,874

TOTAL EXPENSES $199,874

Year-over-Year Comparison

	2022	2021	Change
Revenue	$263,431	$244,230	+0.1%
Expenses	$199,874	$187,947	+0.1%
Net Income	$63,557	$56,283	+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

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

$275,616

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE ZALEGOWSKI	EXECUTIVE DI	1.00	Officer	$0	$11,320	$152,403
THOMAS M LUPINKSI	FISCAL DIREC	1.00	Officer	$0	$1,580	$123,213
DONNA LEVINE ESQ	DIRECTOR	0.50	Director	$0	$0	$0
MARY ROSE CORKINDALE	DIRECTOR	0.50	Director	$0	$0	$0
ANTONIO CIARLEGLIO	PART YEAR DI	0.50	Director	$0	$0	$0
THOMAS EISENMANN ESQ	DIRECTOR	0.50	Director	$0	$0	$0
E CAROL HOLLOMAN	PART YEAR PR	0.50	Officer Director	$0	$0	$0
AGNES J ORLOWSKI ESQ	PART YEAR PR	0.50	Officer Director	$0	$0	$0
NAN HOLLOMAN ESQ	PART YEAR SE	0.50	Officer Director	$0	$0	$0
DONNA FRANCHINI	PART YEAR SE	0.50	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$263,431	$199,874	$511,208	$63,557
2022	$244,230	$187,947	$463,356	$56,283
2021	$252,412	$172,710	$448,767	$79,702
2020	$251,021	$188,355	$411,050	$62,666
2019	$273,771	$195,556	$381,653	$78,215
2018	$256,135	$197,951	$321,006	$58,184