TROUT BROOK REALTY ADVISORS INC

EIN: 061624050 501(c)(3) Housing & Shelter

WEST HARTFORD, CT

Total Revenue
$5,906,089
Total Expenses
$3,960,566
Total Assets
$38,467,744
Net Assets
$10,478,874
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
CT
Phone
8609530002
Tax Period
2023-01-01 to 2023-12-31

TROUT BROOK REALTY ADVISORS INC, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $5.9M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.9M, a strong 33% operating margin.

Mission

To create, preserve, revitalize and pursue affordable housing and community development opportunities that serve a diverse mix of households, to entertain, through partnerships or through consultative services, affordable housing activity throughout the State of Connecticut, to seek to promote a viable and dynamic community through leadership and collaborative activities, and to focus on maintaining and managing quality housing and providing residential services that afford our residents the opportunity to achieve personal growth and financial independence.

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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 $3,410,639
Program Service Revenue $2,239,809
Investment Income $77,391
Other Revenue $178,250
TOTAL REVENUE $5,906,089

Expense Breakdown

Grants Paid $0
Salaries & Benefits $645,904
Fundraising Expenses $0
Program Expenses $3,530,522
Other Expenses $3,314,662
TOTAL EXPENSES $3,960,566

Year-over-Year Comparison

2023 2022 Change
Revenue $5,906,089 $4,521,494 +0.3%
Expenses $3,960,566 $4,121,708 0.0%
Net Income $1,945,523 $399,786 +3.9%
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
4
Independent Members
3
Employees
N/A
Volunteers
4

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
1
$189,509
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JILL CORRADO CEO & Treasurer 8.00
Officer
$0 $27,209 $189,509
MARK D'ADDABBO Vice President 2.00
Director
$0 $0 $0
RANDY KABAKOFF President 2.00
Director
$0 $0 $0
LEE MULVIHILL REYNOLDS Secretary 2.00
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
2024 No data No data No data No data
2023 $5,906,089 $3,960,566 $38,467,744 $1,945,523
2022 $4,521,494 $4,121,708 $37,087,282 $399,786
2021 $4,287,874 $3,980,176 $35,554,371 $307,698
2020 $3,823,305 $3,835,663 $37,815,902 $-12,358
2019 $4,667,203 $3,925,482 $37,605,681 $741,721
2018 $6,842,389 $3,668,369 $38,406,409 $3,174,020
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