WATERBURY HOUSING FUND 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

ROBERT NOCERA

Phone

2037533017

Tax Period

2024-07-01 to 2025-06-30

WATERBURY HOUSING FUND INC, founded in 1991, is a small nonprofit that reported $727K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. The organization ran a surplus of $133K, a strong 18% operating margin.

Mission

PARTNERSHIP OF BANKS,CORPORATIONS,LOCAL GOVERNMENT AGENCIES AND NEIGHBORHOOD, COMMUNITY AND RELIGIOUS ORGANIZATIONS TO HELP REBUILD NEIGHBORHOODS IN THE GREATER WATERBURY AREA.

Program Service Accomplishments

Program 1

Expenses: $511,389 Revenue: $727,003

CORPORATION RUNS ONLY ONE PROGRAM, MAKING LOANS TO HELP REBUILD NEIGHBORHOODS.

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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 $0

Program Service Revenue $709,257

Investment Income $17,746

Other Revenue $0

TOTAL REVENUE $727,003

Expense Breakdown

Grants Paid $0

Salaries & Benefits $265,515

Fundraising Expenses $0

Program Expenses $511,389

Other Expenses $328,265

TOTAL EXPENSES $593,780

Year-over-Year Comparison

	2024	2023	Change
Revenue	$727,003	$584,377	+0.2%
Expenses	$593,780	$525,544	+0.1%
Net Income	$133,223	$58,833	+1.3%

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

Total Directors

Key Employees

$251,099

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRED RICCIO	DIRECTOR	1.00	Director	$0	$0	$0
ERIC BAUER	SECRETARY	1.00	Officer Director	$0	$0	$0
LINDA FERCODINI	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY BERGSTROM	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ROBERT MEZZO	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANI HAYES	CHAIRPERSON OF LOAN COMMIT	1.00	Officer Director	$0	$0	$0
BRENDA CORBO	DIRECTOR	1.00	Director	$0	$0	$0
JOE MCGRATH	DIRECTOR	1.00	Director	$0	$0	$0
MARK GRAVELINE	PRESIDENT	1.00	Officer Director	$0	$0	$0
GLENN DAVIS	ASST VICE-PRES	1.00	Director	$0	$0	$0
MATT MAURO	DIRECTOR	1.00	Director	$0	$0	$0
ANN MARINO	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT NOCERA	EXECUTIVE DIRECTOR	40.00	Key Emp	$209,356	$41,743	$251,099

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	$727,003	$593,780	$10,244,453	$133,223
2024	$584,377	$525,544	$8,552,757	$58,833
2023	$495,499	$479,829	$6,257,087	$15,670
2022	$511,939	$487,470	$6,870,835	$24,469
2021	$569,538	$521,444	$7,873,023	$48,094
2020	$617,743	$535,523	$8,678,621	$82,220
2019	$548,402	$513,331	$9,080,630	$35,071