HORACE BUSHNELL CONGREGATE HOMES INC C/O BETTER QUALITY MANAGEMENT (EIN 061020159) - 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

1983

Legal Domicile

Principal Officer

NATALIE MENDES

Phone

8605494877

Tax Period

2023-07-01 to 2024-06-30

HORACE BUSHNELL CONGREGATE HOMES INC C/O BETTER QUALITY MANAGEMENT, founded in 1983, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Expenses of $1.7M exceeded revenue, resulting in a 23% operating deficit.

Mission

PROVIDING LOW INCOME ELDERLY CONGREGATE HOUSING IN HARTFORD, CT.

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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 $0

Program Service Revenue $1,381,468

Investment Income $2,087

Other Revenue $0

TOTAL REVENUE $1,383,555

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,424,168

Other Expenses $1,699,847

TOTAL EXPENSES $1,699,847

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,383,555	$1,311,904	+0.1%
Expenses	$1,699,847	$1,602,924	+0.1%
Net Income	$-316,292	$-291,020	+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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NATALIE MENDES	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUZANNE ROBINSON	BOARD MEMBER	1.00	Director	$0	$0	$0
FREDERICK CRAYTON	BOARD MEMBER	1.00	Director	$0	$0	$0
CORI MACKEY	BOARD MEMBER	1.00	Director	$0	$0	$0
JANICE MACK	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROLANN SMITH	BOARD MEMBER	1.00	Director	$0	$0	$0
ALICE TURNER	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA WRICE	BOARD MEMBER	1.00	Director	$0	$0	$0
BEATRICE HITE	BOARD MEMBER	1.00	Director	$0	$0	$0
ISAAC REID	BOARD MEMBER	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	No data	No data	No data	No data
2024	$1,383,555	$1,699,847	$3,389,165	$-316,292
2023	$1,311,904	$1,602,924	$3,794,617	$-291,020
2022	$1,277,305	$1,745,154	$4,148,242	$-467,849
2021	$1,270,752	$1,641,392	$4,648,290	$-370,640
2020	$1,265,617	$1,612,868	$5,079,875	$-347,251
2019	$1,266,125	$1,610,002	$5,474,974	$-343,877

HORACE BUSHNELL CONGREGATE HOMES INC C/O BETTER QUALITY MANAGEMENT