NEIGHBORHOOD HOUSING SERVICES OF WATERBURY INC

EIN: 061022915 501(c)(3) Housing & Shelter

WATERBURY, CT

Total Revenue
$3,306,040
Total Expenses
$3,648,485
Total Assets
$6,219,594
Net Assets
$5,319,001
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
CT
Principal Officer
MONROE WEBSTER
Phone
2037531896
Tax Period
2024-01-01 to 2024-12-31

NEIGHBORHOOD HOUSING SERVICES OF WATERBURY INC, founded in 1980, is a community nonprofit in the Housing & Shelter sector that reported $3.3M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $3.6M exceeded revenue, resulting in a 10% operating deficit.

Mission

BUILDING STRONG NEIGHBORHOODS AND COMMUNITIES THROUGH AFFORDABLE AND COMPREHENSIVE HOUSING DEVELOPMENT, FINANCIAL EDUCATION, AND FURTHERING HOME AND COMMUNITY OWNERSHIP.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,575,794
Program Service Revenue $1,219,298
Investment Income $200,654
Other Revenue $310,294
TOTAL REVENUE $3,306,040

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,288,500
Fundraising Expenses $51,565
Program Expenses $3,149,284
Other Expenses $2,359,985
TOTAL EXPENSES $3,648,485

Year-over-Year Comparison

2024 2023 Change
Revenue $3,306,040 $3,948,151 -0.2%
Expenses $3,648,485 $3,496,034 +0.0%
Net Income $-342,445 $452,117 -1.8%
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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Governance

Voting Members
8
Independent Members
8
Employees
22
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
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID AURIGEMMA SECRETARY N/A
Officer Director
$0 $0 $0
NANCY B FAY VICE PRESIDE N/A
Officer Director
$0 $0 $0
JONATHAN GILBODE TREASURER N/A
Officer Director
$0 $0 $0
ALEX JEREZ DIRECTOR N/A
Director
$0 $0 $0
WARREN LEACH DIRECTOR N/A
Director
$0 $0 $0
O'NEIL LINDO DIRECTOR N/A
Director
$0 $0 $0
CHERYL WALLACE-SMITH DIRECTOR N/A
Director
$0 $0 $0
MONROE WEBSTER PRESIDENT N/A
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 $3,306,040 $3,648,485 $6,219,594 $-342,445
2023 $3,948,151 $3,496,034 $7,465,670 $452,117
2023 $3,948,151 $3,496,034 $7,465,670 $452,117
2022 $5,392,269 $2,923,424 $6,463,750 $2,468,845
2021 $1,389,491 $1,101,054 $4,411,618 $288,437
2020 $653,429 $788,001 $3,377,129 $-134,572
2019 $270,755 $751,700 $3,423,455 $-480,945
2018 $725,151 $857,626 $4,075,793 $-132,475
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