ALPHA HOME 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

1992

Legal Domicile

Principal Officer

MELISSA KESSELL

Phone

2033662809

Tax Period

2024-01-01 to 2024-12-31

ALPHA HOME INC, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $533K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $620K exceeded revenue, resulting in a 16% operating deficit.

Mission

IMPROVE THE LIVES OF INDIVIDUALS AND FAMILIES BY ENSURING AFFORDABLE QUALITY HOUSING, IMPROVING THE SOCIAL AND ECONOMIC STABILITY OF NEIGHBORHOODS, AND EXPANDING LOCALLY BASED COMMUNITY DEVELOPMENT EFFORTS.

Program Service Accomplishments

Program 1

Expenses: $166,553 Revenue: $109,900

THE JESSICA TANDY APARTMENTS ARE LOCATED IN THE SOUTH END OF BRIDGEPORT AND ADJOIN THE HARRISON APARTMENT/BRIDGEPORT BRANCH Y PROPERTY. THIS DEVELOPMENT PROVIDES HOUSING FOR SIX FAMILIES WITH SPECIAL NEEDS AND/OR CO-OCCURRING DISORDERS (MENTAL HEALTH DISABILITIES AND CHEMICAL ADDICTIONS). THE ALPHA COMMUNITY SERVICES BRANCH OF THE CENTRAL CONNECTICUT COAST YMCA EMPLOYS A CASE MANAGER TO PROVIDE SOCIAL SERVICES. THERE ARE SIX TWO-BEDROOM, TWO-STORY UNITS.

Program 2

Expenses: $425,543 Revenue: $181,095

THE HERNAN'S HAVEN FOR YOUTH IS AN 11 UNIT PERMANENT SUPPORTIVE HOUSING CENTER LOCATED ON BOSTON AVENUE IN BRIDGEPORT, CONNECTICUT WHICH PROVIDES HOUSING FOR YOUNG ADULTS AGED 18 TO 24 YEARS OLD, AS WELL AS EMPLOYMENT TRAINING AND COLLEGE PREP. THE STATE OF CONNECTICUT DEPARTMENT OF HOUSING FUNDED THE CONVERSION OF A SIX-UNIT HOUSE INTO ELEVEN EFFICIENCY RESIDENTIAL UNITS RESTRICTED FOR AFFORDABILITY.

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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 $242,400

Program Service Revenue $290,995

Investment Income $0

Other Revenue $0

TOTAL REVENUE $533,395

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $592,096

Other Expenses $619,926

TOTAL EXPENSES $619,926

Year-over-Year Comparison

	2024	2023	Change
Revenue	$533,395	$430,838	+0.2%
Expenses	$619,926	$571,079	+0.1%
Net Income	$-86,531	$-140,241	-0.4%

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

N/A

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

$691,021

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUIS PROCACCINI	DIRECTOR	1.00	Director	$0	$0	$0
SABINE KUCZO	SECRETARY	1.00	Officer Director	$0	$0	$0
JACOB CEDUSKY	CHAIR	1.00	Officer Director	$0	$0	$0
MELANIA M FALCON	DIRECTOR	1.00	Director	$0	$0	$0
WILL FARMER	DIRECTOR	1.00	Director	$0	$0	$0
PAUL HIRSCH	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER ROSARIO	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY ROMANO	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA SZABO	DIRECTOR	1.00	Director	$0	$0	$0
LAURA WILKINS	DIRECTOR	1.00	Director	$0	$0	$0
JENITA HAYES	DIRECTOR	1.00	Director	$0	$0	$0
MELISSA KESSELL	SR VP/CFO	10.00	Officer	$0	$16,157	$195,877
JASMIN CARDONA	SR VP/COO	20.00	Officer	$0	$11,382	$186,941
TIMOTHY BARTLETT	PRESIDENT/CEO	1.00	Officer	$0	$25,463	$308,203
DAVID STEVENSON	FORMER PRESIDENT/CEO	1.00		$0	$0	$104,009

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	$533,395	$619,926	$5,849,835	$-86,531
2023	$430,838	$571,079	$5,875,663	$-140,241
2022	$241,173	$203,479	$5,660,240	$37,694
2021	$197,448	$281,561	$3,435,758	$-84,113