JEROME ESTATES HOUSING CORPORATION C/O MERIT PROPERTIES

EIN: 061465129 501(c)(3)

EAST BERLIN, CT

Total Revenue
$-1,645,754
Total Expenses
$2,884,393
Total Assets
N/A
Net Assets
N/A
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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
1997
Legal Domicile
CT
Principal Officer
STEPHEN DARLEY
Phone
8608280531
Tax Period
2018-01-01 to 2018-12-31

JEROME ESTATES HOUSING CORPORATION C/O MERIT PROPERTIES, founded in 1997, is a micro nonprofit that reported $1.6M in total revenue in fiscal year 2018. Revenue fell 188% from the prior year — a significant decline worth monitoring.

Mission

THE ORGANIZATION PROVIDES HOUSING TO LOW AND MODERATE INCOME FAMILIES SUBJECT TO REGULATION BY HUD.

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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 (2018)

Revenue Breakdown

Contributions & Grants $36,761
Program Service Revenue $272,838
Investment Income $-1,955,353
Other Revenue $0
TOTAL REVENUE $-1,645,754

Expense Breakdown

Grants Paid $2,451,614
Salaries & Benefits $59,968
Fundraising Expenses $0
Program Expenses $2,846,597
Other Expenses $372,811
TOTAL EXPENSES $2,884,393

Year-over-Year Comparison

2018 2017 Change
Revenue $-1,645,754 $1,873,981 -1.9%
Expenses $2,884,393 $1,868,864 +0.5%
Net Income $-4,530,147 $5,117 -886.3%
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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN DARLEY PRESIDENT 5.00
Officer
$0 $0 $0
STEVEN MONTESANO VICE PRESIDE 5.00
Officer
$0 $0 $0
DEBRA SILVESTRI SECRETARY 5.00
Officer
$0 $0 $0
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
2018 $-1,645,754 $2,884,393 No data $-4,530,147
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