GOLDEN HILL FOUNDATION INC

EIN: 061039790 501(c)(3) Philanthropy & Grantmaking

SHELTON, CT

Total Revenue
$638,786
Total Expenses
$532,510
Total Assets
$12,067,731
Net Assets
$993,946
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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
1981
Legal Domicile
CT
Principal Officer
JENNIFER KOLAKOWSKI
Phone
2039291954
Tax Period
2024-07-01 to 2025-06-30

GOLDEN HILL FOUNDATION INC, founded in 1981, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $639K in total revenue in fiscal year 2024. Revenue surged 162% from the prior year, signaling strong growth momentum. The organization ran a surplus of $106K, a strong 17% operating margin.

Mission

OUR MISSION IS TO PROVIDE STABLE, SAFE, AND AFFORDABLE PROPERTY TO SUPPORT OUR NONPROFIT PARTNER DEDICATED TO SERVING INDIVIDUALS AFFECTED BY MENTAL ILLNESS AND SUBSTANCE USE DISORDERS.

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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 $0
Program Service Revenue $635,952
Investment Income $2,834
Other Revenue $0
TOTAL REVENUE $638,786

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $530,780
Other Expenses $532,510
TOTAL EXPENSES $532,510

Year-over-Year Comparison

2024 2023 Change
Revenue $638,786 $244,246 +1.6%
Expenses $532,510 $209,583 +1.5%
Net Income $106,276 $34,663 +2.1%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
5
$294,476
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM HASS CHAIR 1.00
Officer Director
$0 $0 $0
JOSHUA DICKINSON VICE CHAIR 1.00
Officer Director
$0 $0 $0
THOMAS E WALSH JR TREASURER 1.00
Officer Director
$0 $0 $0
CAROL MORABITO SECRETARY 1.00
Officer Director
$0 $0 $0
JENNIFER KOLAKOWSKI CEO 2.00
Officer
$0 $47,687 $294,476
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 $638,786 $532,510 $12,067,731 $106,276
2024 $244,246 $209,583 $939,991 $34,663
2023 $244,152 $233,691 $967,828 $10,461
2022 $242,190 $234,860 $962,172 $7,330
2021 $244,004 $241,257 $974,326 $2,747
2020 $237,629 $244,392 $588,264 $-6,763
2019 $255,482 $250,029 $596,215 $5,453
2018 $255,772 $241,155 $1,056,920 $14,617
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