KENN HOMES INC CO THE KENNEDY CENTER INC

EIN: 061542334 501(c)(3) Housing & Shelter

TRUMBULL, CT

Total Revenue
$178,001
Total Expenses
$247,735
Total Assets
$324,093
Net Assets
$-820,227
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1951
Legal Domicile
CT
Principal Officer
RICHARD E SEBASTIAN JR
Phone
2033658522
Tax Period
2023-07-01 to 2024-06-30

KENN HOMES INC CO THE KENNEDY CENTER INC, founded in 1951, is a small nonprofit in the Housing & Shelter sector that reported $178K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $248K exceeded revenue, resulting in a 39% operating deficit.

Mission

TO PROVIDE ELDERLY OR DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PYSCHOLOGICAL NEEDS.

Program Service Accomplishments

Program 1
Expenses: $227,948 Revenue: $0

TO PROVIDE ELDERLY OR DISABLED PERSONS WITH HOUSING FACILITIES.

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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 $177,966
Program Service Revenue $0
Investment Income $35
Other Revenue $0
TOTAL REVENUE $178,001

Expense Breakdown

Grants Paid $0
Salaries & Benefits $22,176
Fundraising Expenses $400
Program Expenses $227,948
Other Expenses $225,559
TOTAL EXPENSES $247,735

Year-over-Year Comparison

2023 2022 Change
Revenue $178,001 $193,536 -0.1%
Expenses $247,735 $303,718 -0.2%
Net Income $-69,734 $-110,182 -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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
6

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
$384,060
Total Directors
6
$384,060
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD E SEBASTIAN JR PRESIDENT 2.00
Officer Director
$0 $23,680 $384,060
DOUGLAS R BROWN ESQ CHAIRMAN 2.00
Officer Director
$0 $0 $0
BARBARA F GREEN ESQ VICE CHAIRMAN AND DIRECTOR 2.00
Officer Director
$0 $0 $0
GIL KELLERSMAN DIRECTOR 1.00
Director
$0 $0 $0
LEONARD MILLER DIRECTOR 1.00
Director
$0 $0 $0
RONALD B NOREN ESQ DIRECTOR 1.00
Director
$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
2025 No data No data No data No data
2024 $178,001 $247,735 $324,093 $-69,734
2023 $193,536 $303,718 $292,034 $-110,182
2022 $186,721 $275,656 $227,397 $-88,935
2021 $274,212 $218,835 $270,085 $55,377
2020 $189,590 $221,942 $257,714 $-32,352
2019 $190,338 $220,141 $257,594 $-29,803
2018 $210,424 $203,361 $279,113 $7,063
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