STAMFORD ELDERLY HOUSING CORPORATION D/B/A SCOFIELD MANOR (EIN 061083307) - 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

1984

Legal Domicile

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.

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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 $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

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

$124,630

Total Directors

Key Employees

Highest Compensated

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

STAMFORD ELDERLY HOUSING CORPORATION D/B/A SCOFIELD MANOR