HADDAM ELDERLY HOUSING CORPORATION (EIN 061065551) - 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

1982

Legal Domicile

Principal Officer

JOANN WOICKELMAN

Phone

8603985425

Tax Period

2024-01-01 to 2024-12-31

HADDAM ELDERLY HOUSING CORPORATION, founded in 1982, is a small nonprofit that reported $283K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $67K, a strong 24% operating margin.

Mission

THE CORPORATION OWNS AND OPERATES 22 UNITS OF HUD SUBSIDIZED HOUSING FOR LOW-INCOME ELDERLY INDIVIDUALS AND OTHER ELIGIBLE OCCUPANTS.

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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 $0

Program Service Revenue $282,970

Investment Income $11

Other Revenue $0

TOTAL REVENUE $282,981

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $179,266

Other Expenses $216,085

TOTAL EXPENSES $216,085

Year-over-Year Comparison

	2024	2023	Change
Revenue	$282,981	$242,849	+0.2%
Expenses	$216,085	$210,726	+0.0%
Net Income	$66,896	$32,123	+1.1%

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

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
JOANN WOICKELMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUE DECARLI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY-LOU HEGER	SECRETARY	1.00	Officer Director	$0	$0	$0
KATHLEEN LUNDGREN	TREASURER	1.00	Officer Director	$0	$0	$0
MARK LUNDGREN	DIRECTOR	1.00	Director	$0	$0	$0
MARY PIERCE	DIRECTOR	1.00	Director	$0	$0	$0
CINDY OTIS	DIRECTOR	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
2024	$282,981	$216,085	$389,781	$66,896
2023	$242,849	$210,726	$417,089	$32,123
2022	$248,880	$213,797	$419,328	$35,083
2021	$254,719	$184,976	$453,820	$69,743
2020	$246,808	$217,987	$462,354	$28,821
2019	$236,673	$219,438	$454,242	$17,235
2018	$239,228	$221,791	$498,452	$17,437

HADDAM ELDERLY HOUSING CORPORATION