CONNECTICUT HOUSING AND DEVELOPMENT CORP (EIN 141909094) - 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

2018

Legal Domicile

Principal Officer

ANNETTE SANDERSON

Phone

8607238413

Tax Period

2023-01-01 to 2023-12-31

CONNECTICUT HOUSING AND DEVELOPMENT CORP, founded in 2018, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $1.9M exceeded revenue, resulting in a 52% operating deficit.

Mission

DEVELOP AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME IN CT TO PROMOTE SOCIAL WELFARE AND LESSEN GOVERNMENT BURDEN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,113,012

Investment Income $0

Other Revenue $147,813

TOTAL REVENUE $1,260,825

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,911,256

Other Expenses $1,911,256

TOTAL EXPENSES $1,911,256

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,260,825	$2,009,615	-0.4%
Expenses	$1,911,256	$2,002,218	0.0%
Net Income	$-650,431	$7,397	-88.9%

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

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

$239,873

Total Directors

$239,873

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNETTE SANDERSON	PRESIDENT	0.05	Officer Director	$0	$33,500	$239,873
JEFFREY STEWART	VICE PRESIDENT	0.05	Officer Director	$0	$0	$0
JAMES WOULFE	TREASURER	0.05	Officer Director	$0	$0	$0
MARILYN ROSSETTI	SECRETARY	0.05	Officer Director	$0	$0	$0
JULIANNE AVALLONE	DIRECTOR	0.05	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	$1,260,825	$1,911,256	$26,566,949	$-650,431
2022	$2,009,615	$2,002,218	$27,862,878	$7,397
2021	$1,838,745	$1,558,822	$28,000,182	$279,923
2020	$859,649	$1,568,660	$27,286,979	$-709,011

CONNECTICUT HOUSING AND DEVELOPMENT CORP