SOUTH PARK INN INC

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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

1989

Legal Domicile

Principal Officer

THERESA NICHOLSON

Phone

8607240071

Tax Period

2024-01-01 to 2024-12-31

SOUTH PARK INN INC, founded in 1989, is a community nonprofit in the Housing & Shelter sector that reported $3.6M in total revenue in fiscal year 2024.

Mission

THE MISSION OF SOUTH PARK INN IS TO SERVE PEOPLE WHO ARE HOMELESS AND AT RISK OF HOMELESSNESS. BY OFFERING SHELTER AND PERSONALIZED SUPPORT TO EACH OF THE MEN, WOMEN AND CHILDREN WE SERVE, SOUTH PARK INN, IN COOPERATION WITH OTHER PROVIDERS AND RESOURCES, HELP PEOPLE OVERCOME THEIR INDIVIDUAL CHALLENGES OF FINDING HOUSING SOLUTIONS APPROPRIATE TO MEET THEIR NEEDS. AS THEIR ADVOCATE, SOUTH PARK INN ENSURES THESE INDIVIDUALS AND THEIR REAL NEEDS ARE SEEN AND HEARD IN THE PUBLIC ARENA.

Program Service Accomplishments

Program 1

Expenses: $1,943,438 Revenue: $961,850

SOUTH PARK INN IS AN EMERGENCY HOMELESS SHELTER, OPERATING 24/7/365 DAY A YEAR. WE PROVIDE MEALS, CASE MANAGEMENT AND HOUSING SERVICES AS WELL AS, PERSONAL HYGIENE, SHOWERS, LAUNDRY, TRANSPORTATION BY WAY OF BUS PASSES AND UBER AND LYFT. WE HAVE AN ON-SIGHT CLINIC LICENSED THROUGH CHARTER OAK. THE CLINIC PROVIDES LIMITED MEDICAL, DENTAL AND CLINICAL SERVICES TO THE GUESTS AT SOUTH PARK INN.

Program 2

Expenses: $335,409 Revenue: $327,846

VETERANS GPD PROGRAM PROVIDES SERVICES TO 15 VETERANS IN OUR PROGRAM. THIS IS A LOW DEMAND PROGRAM WORKING TOWARD STABILIZING AND HOUSING VETERANS REFERRED TO OUR PROGRAM.THE CURRENT RESPITE PROGRAM NOW PROVIDES SERVICES TO HARTFORD HOSPITAL AS WELL AS ST FRANCES HOSPITAL (TRINITY) WITH 17 BEDS. THIS SERVICE IS TO SUPPORT ADULT PATIENTS STEPPING DOWN FROM A MEDICAL OR BEHAVIORAL HOSPITALIZATION, WHO ARE CURRENTLY HOMELESS AND IN NEED OF ADDITIONAL SERVICES TOWARD THEIR MEDICAL CARE.

Program 3

Expenses: $421,045

THE WARMING CENTER IS A PROGRAM DESIGNED TO PROTECT THE HEALTH AND SAFETY OF PEOPLE EXPERIENCING HOMELESSNESS DURING THE MONTHS OF DECEMBER THROUGH APRIL. THE WARMING CENTER OPERATES FROM 7 PM TO 7 AM AND PROVIDES SHELTER FOR UP TO 45 INDIVIDUALS. INDIVIDUALS ARE OFFERED BASIC NEEDS, SUCH AS A HOT MEAL, SHOWERS, TOILETRIES, AND CLOTHING. INDIVIDUALS ARE ALSO PROVIDED WITH LIGHT CASE MANAGEMENT SERVICES TO ASSIST WITH OBTAINING HOUSING. THE WARMING CENTER ALSO SERVES AS A TRIAGE TO ASSIST INDIVIDUALS WITH GETTING INTO YEAR-ROUND SHELTERS.

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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 $2,158,537

Program Service Revenue $1,289,696

Investment Income $108,455

Other Revenue $0

TOTAL REVENUE $3,556,688

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,252,676

Fundraising Expenses $200,427

Program Expenses $2,699,892

Other Expenses $1,265,390

TOTAL EXPENSES $3,518,066

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,556,688	$3,592,372	0.0%
Expenses	$3,518,066	$3,263,304	+0.1%
Net Income	$38,622	$329,068	-0.9%

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

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

$153,125

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AISHA PETTEWAY	DIRECTOR	0.50	Director	$0	$0	$0
ANDREW DEPEAU	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
CHUCK SHIMKUS	DIRECTOR	0.50	Director	$0	$0	$0
DEJSHONA GEORGE	DIRECTOR	0.50	Director	$0	$0	$0
DENA ROSENBLOOM	SECRETARY	0.50	Officer Director	$0	$0	$0
DIVYA SUBRAMANIAN	TREASURER	0.50	Officer Director	$0	$0	$0
JENNIFER HALSTROM	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN NOBLET	PRESIDENT	0.50	Officer Director	$0	$0	$0
LONI RICHARDS	DIRECTOR	0.50	Director	$0	$0	$0
ROB ZIELONKA	DIRECTOR	0.50	Director	$0	$0	$0
VERONICA RUIZ	DIRECTOR	0.50	Director	$0	$0	$0
ZACHARY ROBINSON	DIRECTOR	0.50	Director	$0	$0	$0
REBEKAH LYAS	OUTGOING ACTING EXECUTIVE DIRECTOR	40.00	Officer	$27,809	$18,780	$46,589
THERESA NICHOLSON	EXECUTIVE DIRECTOR	40.00	Officer	$96,907	$9,629	$106,536

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	$3,556,688	$3,518,066	$3,885,998	$38,622
2023	$3,592,372	$3,263,304	$3,496,844	$329,068
2022	$3,167,778	$2,757,529	$3,089,112	$410,249
2021	$2,794,548	$2,712,919	$2,702,663	$81,629
2020	$2,872,476	$2,954,241	$2,498,678	$-81,765
2019	$2,310,464	$2,701,460	$2,485,313	$-390,996
2018	$2,019,088	$2,490,692	$2,710,544	$-471,604