NORWALK CONGREGATE HOMES FOR THE ELDERLY INC (EIN 061019968) - 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

1980

Legal Domicile

Principal Officer

CHRISTOPHER JARBOE

Phone

2032304809

Tax Period

2024-11-01 to 2025-09-30

NORWALK CONGREGATE HOMES FOR THE ELDERLY INC, founded in 1980, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2024. The organization ran a surplus of $324K, a strong 22% operating margin.

Mission

THE CORPORATION OWNS AND OPERATES A 49 UNIT HUD SUBSIDIZED LOW INCOME ELDERLY HOUSING PROJECT.

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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 $46,600

Program Service Revenue $1,420,144

Investment Income $25,996

Other Revenue $0

TOTAL REVENUE $1,492,740

Expense Breakdown

Grants Paid $0

Salaries & Benefits $235,532

Fundraising Expenses $0

Program Expenses $1,017,281

Other Expenses $933,370

TOTAL EXPENSES $1,168,902

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,492,740	$1,533,228	0.0%
Expenses	$1,168,902	$1,271,682	-0.1%
Net Income	$323,838	$261,546	+0.2%

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
JEREMIAH CROWLEY	DIRECTOR	N/A	Director	$0	$0	$0
JOHN D ENGLISH	DIRECTOR	N/A	Director	$0	$0	$0
MARILYN FECENKO	DIRECTOR	N/A	Director	$0	$0	$0
THOMAS MANSY	DIRECTOR	N/A	Director	$0	$0	$0
PHYLLIS C REID	DIRECTOR	N/A	Director	$0	$0	$0
TAMARA CRONIN	TREASURER	N/A	Officer	$0	$0	$0
NANCY E CROWLEY	VP/SECRETARY	N/A	Officer	$0	$0	$0
CHRISTOPHER JARBOE	PRESIDENT	N/A	Officer	$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	$1,492,740	$1,168,902	$2,924,761	$323,838
2024	$1,533,228	$1,271,682	$2,660,190	$261,546
2023	$1,473,883	$1,266,606	$2,473,816	$207,277
2022	$1,480,252	$1,295,390	$2,446,405	$184,862
2021	$1,401,053	$1,194,467	$2,550,787	$206,586
2020	$1,307,630	$1,257,516	$2,349,713	$50,114
2019	$1,268,281	$1,146,987	$2,370,134	$121,294
2018	$1,218,007	$1,126,348	$2,310,733	$91,659

NORWALK CONGREGATE HOMES FOR THE ELDERLY INC