HELMS HOUSING INC

EIN: 061277701 501(c)(3) Housing & Shelter

BRIDGEPORT, CT

Total Revenue
$119,726
Total Expenses
$169,493
Total Assets
$474,773
Net Assets
$374,729
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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
1991
Legal Domicile
CT
Principal Officer
JEFF NEFF
Phone
2035815344
Tax Period
2023-01-01 to 2023-12-31

HELMS HOUSING INC, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $120K in total revenue in fiscal year 2023. Expenses of $169K exceeded revenue, resulting in a 42% operating deficit.

Mission

HELMS HOUSING, INC, (AGENCY) WAS FORMED TO CONSTRUCT AND OPERATE TWELVE UNITS OF LOW INCOME HOUSING, THE AGENCY HAD ENTERED INTO A CONTRACT WITH THE STATE OF CONNECTICUT DEPARTMENT OF HOUSING FOR FINANCIAL ASSISTANCE FOR THE HOUSING PROJECT IN THE FORM OF A GRANT-IN-AID PURSUANT TO SECTION 8-119DD OF THE CONNECTICUT GENERAL STATUTES. THE FACILITY WAS OPENED SEPTEMBER, 1991.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $119,689
Investment Income $37
Other Revenue $0
TOTAL REVENUE $119,726

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $135,824
Other Expenses $169,493
TOTAL EXPENSES $169,493

Year-over-Year Comparison

2023 2022 Change
Revenue $119,726 $112,572 +0.1%
Expenses $169,493 $117,377 +0.4%
Net Income $-49,767 $-4,805 +9.4%
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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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

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
5
$524,974
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CATHARINE H FREEMAN SECRETARY 0.50
Officer Director
$0 $0 $0
CHRISTINE ROSE DIRECTOR 0.50
Director
$0 $0 $0
CHRISTOPHER PETERSON TREASURER 0.50
Officer Director
$0 $0 $0
JAY DIAZ DIRECTOR 0.50
Director
$0 $0 $0
JOHN OSTASZEWSKI DIRECTOR 0.50
Director
$0 $0 $0
MARY ELLEN HART DIRECTOR 0.50
Director
$0 $0 $0
MORAG VANCE DIRECTOR 0.50
Director
$0 $0 $0
ROB SCINTO DIRECTOR 0.50
Director
$0 $0 $0
SEAN P KANE DIRECTOR 0.50
Director
$0 $0 $0
STEPHEN ZEHRING DIRECTOR 0.50
Director
$0 $0 $0
TOM CATROPA CHAIRMAN 0.50
Officer Director
$0 $0 $0
JEREMIAH J SEGRUE CFO 0.50
Officer
$0 $43,178 $249,681
ROCCO TRICARICO PRESIDENT/CEO 0.50
Officer
$0 $8,725 $275,293
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 No data No data No data No data
2023 $119,726 $169,493 $474,773 $-49,767
2022 $112,572 $117,377 $459,276 $-4,805
2021 $119,447 $146,842 $465,754 $-27,395
2020 $111,494 $90,811 $479,200 $20,683
2019 $108,782 $91,813 $456,939 $16,969
2018 $102,283 $131,733 $441,250 $-29,450
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