HELMS HOUSING 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

1991

Legal Domicile

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) PROVIDES HOUSING TO LOW INCOME AREA RESIDENTS UNDER GUIDELINES ADMINISTERED BY THE CONNECTICUT HOUSING FINANCE AUTHORITY (CHFA).

Program Service Accomplishments

Program 1

Expenses: $135,824 Revenue: $119,689

RENTAL OF LOW INCOME HOUSING UNDER CONTRACT WITH THE STATE OF CONNECTICUT. TENANTS MAY INCLUDE THOSE WITH MULTIPLE AND/OR SIGNIFICANT DISABILITIES.

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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 (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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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

$524,974

Total Directors

Key Employees

Highest Compensated

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