ELDERLY HOUSING MANAGEMENT INC

EIN: 066049011 501(c)(3)

NORTH HAVEN, CT

Total Revenue
$13,166,489
Total Expenses
$12,994,741
Total Assets
$2,612,476
Net Assets
$1,534,302
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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
1982
Legal Domicile
CT
Principal Officer
KELLY MCDERMOTT
Phone
2032304809
Tax Period
2023-10-01 to 2024-09-30

ELDERLY HOUSING MANAGEMENT INC, founded in 1982, is a mid-sized nonprofit that reported $13.2M in total revenue in fiscal year 2023.

Mission

PROVIDE MANAGEMENT AND OTHER RELATED SERVICES TO LOW AND MODERATE INCOME ELDERLY HOUSING PROJECTS

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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 $110,176
Program Service Revenue $13,012,539
Investment Income $14,249
Other Revenue $29,525
TOTAL REVENUE $13,166,489

Expense Breakdown

Grants Paid $400
Salaries & Benefits $2,243,174
Fundraising Expenses $0
Program Expenses $10,996,800
Other Expenses $10,751,167
TOTAL EXPENSES $12,994,741

Year-over-Year Comparison

2023 2022 Change
Revenue $13,166,489 $13,132,673 +0.0%
Expenses $12,994,741 $13,160,264 0.0%
Net Income $171,748 $-27,591 -7.2%
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
11
Independent Members
11
Employees
244
Volunteers
12

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
9
$341,573
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER YOUNG GAUDET BOARD PRESIDENT 2.00
Officer Director
$0 $0 $0
C MICHAEL TUCKER VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
REV BARBARA J LIBBY SECRETARY 2.00
Officer Director
$0 $0 $0
JEFFREY A ASHER TREASURER 2.00
Officer Director
$0 $0 $0
MABEL J PETERSON ASST. SECETARY 2.00
Officer Director
$0 $0 $0
MARIA BORGES CORREIA DIRECTOR 2.00
Director
$0 $0 $0
ROBERT A BIDDLEMAN DIRECTOR 2.00
Director
$0 $0 $0
MELANIE J HOWLETT ASST. TREASURER 2.00
Officer Director
$0 $0 $0
JOSEPH TOBIN DIRECTOR 2.00
Director
$0 $0 $0
ANTHONY MACLEOD DIRECTOR (JOINED 1/29/24) 2.00
Director
$0 $0 $0
SCOTT MORROW DIRECTOR (JOINED 1/29/24) 2.00
Director
$0 $0 $0
MARIE LAPOINTE COMPTROLLER (TILL 10/23/23) 20.00
Officer
$41,620 $0 $41,620
SABINE COX COMPTROLLER 30.00
Officer
$124,185 $19,280 $143,465
KELLY MCDERMOTT CEO 30.00
Officer
$147,616 $8,872 $156,488
PAMELA KAZLAUSKAS DIRECTOR OF HOUSING 40.00
Highest
$109,322 $18,388 $127,710
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 $13,166,489 $12,994,741 $2,612,476 $171,748
2023 $13,132,673 $13,160,264 $2,560,993 $-27,591
2023 $13,132,673 $13,160,264 $2,560,993 $-27,591
2022 $12,965,528 $13,202,991 $2,404,955 $-237,463
2021 $12,461,730 $12,391,512 $2,357,138 $70,218
2020 $12,199,562 $12,258,307 $2,321,815 $-58,745
2019 $11,849,217 $11,872,929 $2,263,594 $-23,712
2018 $11,413,880 $11,411,592 $2,001,023 $2,288
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