STAMFORD ELDERLY HOUSING CORPORATION D/B/A SCOFIELD MANOR

EIN: 061083307 Housing & Shelter

STAMFORD, CT

Total Revenue
$2,910,491
Total Expenses
$2,971,010
Total Assets
$783,239
Net Assets
$411,022
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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
1984
Legal Domicile
CT
Principal Officer
LAVERN EDWARDS
Phone
2039771400
Tax Period
2024-10-01 to 2025-09-30

STAMFORD ELDERLY HOUSING CORPORATION D/B/A SCOFIELD MANOR, founded in 1984, is a community nonprofit in the Housing & Shelter sector that reported $2.9M in total revenue in fiscal year 2024.

Mission

TO PROVIDE RESIDENTIAL CARE TO ELDERLY AND DISABLED INDIVIDUALS.

Program Service Accomplishments

Program 1
Expenses: $2,399,271 Revenue: $2,629,302

SCOFIELD MANOR PROVIDES RESIDENTIAL CARE TO ELDERLY AND DISABLED INDIVIDUALS WHO COULD NOT RESIDE IN THE COMMUNITY WITHOUT SOME EXTRA HELP. SCOFIELD IS A STATE FUNDED RESIDENTIAL CARE HOME FACILITY...

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SCOFIELD MANOR PROVIDES RESIDENTIAL CARE TO ELDERLY AND DISABLED INDIVIDUALS WHO COULD NOT RESIDE IN THE COMMUNITY WITHOUT SOME EXTRA HELP. SCOFIELD IS A STATE FUNDED RESIDENTIAL CARE HOME FACILITY THAT CAN ACCOMMODATE 50 RESIDENTS WITH SPECIAL ATTENTION TO SUPERVISED AND INDIVIDUAL CARE NEEDS.

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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 $280,000
Program Service Revenue $2,629,302
Investment Income $1,189
Other Revenue $0
TOTAL REVENUE $2,910,491

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,399,271
Other Expenses $2,971,010
TOTAL EXPENSES $2,971,010

Year-over-Year Comparison

2024 2023 Change
Revenue $2,910,491 $2,968,993 0.0%
Expenses $2,971,010 $2,961,605 +0.0%
Net Income $-60,519 $7,388 -9.2%
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
13

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
2
$124,630
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICH OSTUW CHAIRMAN 1.00
Officer Director
$0 $0 $0
LESTER MCKOY VICE CHAIRMAN 1.00
Director
$0 $0 $0
JOHN COFF COMMISSIONER 1.00
Director
$0 $0 $0
DIVYA MALHOTRA COMMISSIONER 1.00
Director
$0 $0 $0
ALEXANDRO MORRIS RESIDENT COMMISSIONER 1.00
Director
$0 $0 $0
LAVERN EDWARDS ADMINISTRATOR 40.00
Officer
$0 $37,147 $124,630
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 $2,910,491 $2,971,010 $783,239 $-60,519
2024 No data No data No data No data
2023 $2,934,869 $2,824,922 $975,535 $109,947
2022 $2,838,318 $2,675,905 $919,300 $162,413
2021 $3,027,636 $2,861,001 $1,004,706 $166,635
2020 $2,414,952 $2,715,098 $562,694 $-300,146
2019 $2,477,997 $2,298,637 $584,789 $179,360
2018 $2,496,778 $2,210,759 $636,826 $286,019
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