Augustana Homes Inc

EIN: 066085508 501(c)(3)

Bridgeport, CT

Total Revenue
$902,487
Total Expenses
$1,011,294
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Organization Details

Formation Year
1964
Legal Domicile
CT
Principal Officer
Michael Hanlon
Phone
2034161390
Tax Period
2024-01-01 to 2024-11-06

Augustana Homes Inc, founded in 1964, is a small nonprofit that reported $902K in total revenue in fiscal year 2024. Expenses of $1.0M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING, FOR ASSISTED (CONGREGATE SERVICES) LIVING, FOR THE LOW INCOME ELDERLY.

Program Service Accomplishments

Program 1
Expenses: $279,350 Revenue: $203,904

44 affordable assisted living apartment units subsidized by the Connecticut Department of Housing for the low income elderly.

Program 2
Expenses: $605,695 Revenue: $200,859

Congregate (meals, housekeeping, and personal) services for residents of 44 assisted living apartment units subsidized by the Connecticut Department of Housing for the low income elderly.

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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 (2024)

Revenue Breakdown

Contributions & Grants $489,741
Program Service Revenue $412,746
Investment Income $0
Other Revenue $0
TOTAL REVENUE $902,487

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $885,045
Other Expenses $1,011,294
TOTAL EXPENSES $1,011,294

Year-over-Year Comparison

2024 2023 Change
Revenue $902,487 $875,472 +0.0%
Expenses $1,011,294 $943,947 +0.1%
Net Income $-108,807 $-68,475 +0.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
4
Independent Members
N/A
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
4
$592,170
Total Directors
4
$592,170
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Hanlon Chief Financial Officer 0.5
Officer Director
$0 $12,802 $268,850
Anne O Mccrory Secretary 0.5
Officer Director
$0 $12,279 $257,869
Bishop Frank J Caggiano President 0.1
Officer Director
$0 $21,080 $62,401
Rev Robert Kinnally Vice President 0.1
Officer Director
$0 $0 $3,050
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 $902,487 $1,011,294 No data $-108,807
2023 $875,472 $943,947 $520,995 $-68,475
2022 $812,211 $931,306 $590,353 $-119,095
2021 $823,979 $901,837 $690,851 $-77,858
2020 $783,569 $859,664 $848,152 $-76,095
2018 $774,729 $838,252 $1,263,804 $-63,523
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