WESLEY HEIGHTS INC

EIN: 066077231 501(c)(3) Human Services

SHELTON, CT

Total Revenue
$5,837,365
Total Expenses
$6,536,890
Total Assets
$15,816,428
Net Assets
$3,780,068
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1968
Legal Domicile
CT
Principal Officer
DAVID FIFE
Phone
2039448285
Tax Period
2023-10-01 to 2024-09-30

WESLEY HEIGHTS INC, founded in 1968, is a community nonprofit in the Human Services sector that reported $5.8M in total revenue in fiscal year 2023. Expenses of $6.5M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE A CONTINUUM OF SERVICES THAT SUPPORTS HEALTH, INDEPENDENCE, AND DIGNITY. WE BUILD THIS CONTINUUM ON THE BELIEF THAT A RELATIONSHIP-CENTERED PHILOSOPHY BEST SUSTAINS BODY, MIND, AND SPIRIT.

Program Service Accomplishments

Program 1
Expenses: $5,826,114 Revenue: $5,644,162

THE ORGANIZATION OPERATES 202 RESIDENTIAL UNITS INCLUDING STUDIO, EFFICIENCY AND CONGREGATE APARTMENTS AND COTTAGES OF WHICH 92 ARE ELIGIBLE FOR U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT...

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THE ORGANIZATION OPERATES 202 RESIDENTIAL UNITS INCLUDING STUDIO, EFFICIENCY AND CONGREGATE APARTMENTS AND COTTAGES OF WHICH 92 ARE ELIGIBLE FOR U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") SECTION 8 RENTAL ASSISTANCE. SUCH ENTITIES ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS.

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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 $1,583,152
Program Service Revenue $4,215,645
Investment Income $15,497
Other Revenue $23,071
TOTAL REVENUE $5,837,365

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,590,852
Fundraising Expenses $15,726
Program Expenses $5,826,114
Other Expenses $3,946,038
TOTAL EXPENSES $6,536,890

Year-over-Year Comparison

2023 2022 Change
Revenue $5,837,365 $5,850,212 0.0%
Expenses $6,536,890 $6,771,583 0.0%
Net Income $-699,525 $-921,371 -0.2%
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
4
Independent Members
N/A
Employees
98
Volunteers
20

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
5
$1,194,582
Total Directors
5
$1,194,582
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID M LAWLOR PRESIDENT/CHAIRMAN 1.00
Officer Director
$0 $32,280 $573,846
ZVONIMIR JUKIC DIRECTOR/TREASURER 1.00
Officer Director
$0 $13,206 $218,413
VICTORIA DOMPIERRE DIRECTOR/SECRETARY 0.50
Officer Director
$0 $3,167 $68,776
BENJAMIN SCHIANO EXECUTIVE DIRECTOR, THRU 2/13/24 40.00
Officer Director
$172,275 $7,687 $179,962
DAVID FIFE EXECUTIVE DIRECTOR, EFF. 2/14/24 30.00
Officer Director
$0 $739 $153,585
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 $5,837,365 $6,536,890 $15,816,428 $-699,525
2023 $5,850,212 $6,771,583 $16,360,730 $-921,371
2022 $5,572,354 $6,331,867 $17,350,695 $-759,513
2021 $5,959,739 $6,086,898 $17,960,936 $-127,159
2020 $5,334,634 $5,577,042 $18,050,249 $-242,408
2019 $4,974,811 $6,207,531 $17,994,969 $-1,232,720
2018 $4,624,750 $5,344,801 $20,248,408 $-720,051
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