GLASTONBURY ASSISTED HOUSING NON-PROFIT INC (EIN 061587482) - Form 990 Financial Analysis & Trantor Score

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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

2000

Legal Domicile

Principal Officer

NEIL GRIFFIN JR

Phone

8606527570

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

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.

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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 $892,112

Investment Income $37,432

Other Revenue $-56

TOTAL REVENUE $929,488

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $824,996

Other Expenses $962,480

TOTAL EXPENSES $962,480

Year-over-Year Comparison

	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%

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

$212,644

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

GLASTONBURY ASSISTED HOUSING NON-PROFIT INC