GLASTONBURY, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GLASTONBURY ASSISTED HOUSING NON-PROFIT INC, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $929K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum.
TO CONSTRUCT, REHABILITATE, OWN, MANAGE OR OTHERWISE OPERATE HOUSING. TO DEVELOP NON-INSTITUTIONAL, LIVING OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS, OR ANY OTHER LAWFUL PURPOSES AS DEFINED BY CHAPTER 602 OF THE CONNECTICUT GENERAL STAUTES.
GLASTONBURY ASSISTED HOUSING, NON-PROFIT, INC. (GAHNP) HAS SUBMITTED GRANT APPLICATIONS AND SUBSEQUENTLY BEEN AWARDED FUNDING TO ASSIST IN THE FINANCING OF THE CONSTRUCTION AND OR PRESERVATION OF...
GLASTONBURY ASSISTED HOUSING, NON-PROFIT, INC. (GAHNP) HAS SUBMITTED GRANT APPLICATIONS AND SUBSEQUENTLY BEEN AWARDED FUNDING TO ASSIST IN THE FINANCING OF THE CONSTRUCTION AND OR PRESERVATION OF AFFORDABLE HOUSING AS FOLLOWS: IN 2004 GAHNP WAS AWARDED $375,062 OF HOUSING TAX CREDIT CONTRIBUTIONS (HTCC) FUNDS TO HELP FINANCE THE CONSTRUCTION OF THE HERBERT T CLARK ASSISTED LIVING LIMITED PARTNERSHIP, AN AFFORDABLE ASSISTED LIVING FACILITY THAT GAHNP IS THE GENERAL PARTNER IN. IN 2012 GAHNP WAS AWARDED $500,000 OF HTCC FUNDS TO ASSIST IN FINANCING THE REHABILITATION OF VILLAGE GREEN, AN AFFORDABLE SENIOR PROPERTY OWNED AND OPERATED BY THE GLASTONBURY HOUSING AUTHORITY. IN 2015 GAHNP WAS AWARDED $500,000 OF HTCC FUNDS TO ASSIST IN FUNDING THE REHABILITATION AND EXPANSION OF CENTER VILLAGE, AN AFFORDABLE SENIOR RENTAL PROPERTY. IN 2017, GAHNP WAS AWARDED A SECOND $500,000 OF HTCC FUNDS FOR THE REHABILITATION OF CENTER VILLAGE. THE TOTAL OF $1,000,000 WAS LOANED TO CENTER VILLAGE LIMITED PARTNERSHIP TO FINANCE A PORTION OF THE CONSTRUCTION AND REHABILITATION OF CENTER VILLAGE APARTMENTS. CONSTRUCTION BEGAN IN 2017 AND WAS COMPLETED IN 2018.AS OF 12/31/19, HERBERT T CLARK ASSISTED LIVING LIMITED PARTNERSHIP REACHED THE END OF THE 15 YEAR COMPLIANCE PERIOD FOR LOW-INCOME HOUSING TAX CREDITS IN ACCORDANCE WITH SECTION 42 OF THE INTERNAL REVENUE CODE. THE ORIGINAL LIMITED PARTNER SOLD THEIR INTEREST IN THE PARTNERSHIP FOR $225,000 TO HERBERT T CLARK HOUSE LLC. THE SOLE MEMBER OF HERBERT T CLARK HOUSE LLC IS GLASTONBURY ASSISTED HOUSING NON-PROFIT INC.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $929,488 | $748,041 | +0.2% |
| Expenses | $962,480 | $910,292 | +0.1% |
| Net Income | $-32,992 | $-162,251 | -0.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JAMES NOONAN | DIRECTOR | 0.30 |
Director
|
$0 | $0 | $0 |
| CARL STENMAN | PRESIDENT AND DIRECTOR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CATHY VACCHELLI | VICE PRESIDENT AND DIRECTO | 0.30 |
Officer
Director
|
$0 | $0 | $0 |
| MICHELLE POLGAR | DIRECTOR | 0.30 |
Director
|
$0 | $0 | $0 |
| NYJA HART | DIRECTOR | 0.30 |
Director
|
$0 | $0 | $0 |
| NEIL GRIFFIN JR | SECRETARY | 1.00 |
Officer
|
$0 | $58,180 | $212,644 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $929,488 | $962,480 | $2,757,502 | $-32,992 |
| 2023 | $748,041 | $910,292 | $2,852,974 | $-162,251 |
| 2022 | $678,886 | $814,520 | $2,979,882 | $-135,634 |
| 2021 | $607,297 | $726,706 | $3,076,444 | $-119,409 |
| 2020 | $617,964 | $776,966 | $3,295,564 | $-159,002 |
| 2019 | $68,571 | $41,994 | $3,441,198 | $26,577 |
| 2018 | $10,751 | $2,109 | $1,170,256 | $8,642 |
Compare GLASTONBURY ASSISTED HOUSING NON-PROFIT INC with other nonprofits in Connecticut and across the country.