Bishop Sheen Ecumenical Housing Fo… - Form 990 Financial Data

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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

1968

Legal Domicile

Principal Officer

Terri Nagle

Phone

5854614263

Tax Period

2024-07-01 to 2025-06-30

Bishop Sheen Ecumenical Housing Foundation Inc, founded in 1968, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2024. Expenses of $3.8M left a modest 6% surplus.

Mission

Bishop Sheen Ecumenical Housing Foundation, Inc. (Sheen Housing) facilitates the provision of safe, decent, affordable housing for very low to moderate-income families, seniors and persons with disabilities in order to promote their self-worth and dignity.

Program Service Accomplishments

Program 1

Expenses: $3,175,916 Revenue: $264,825

Bishop Sheen Ecumenical Housing Foundation, Inc. is a not-for-profit corporation that goes beyond what most housing related organizations offer to provide safe, decent, affordable housing for low...

Bishop Sheen Ecumenical Housing Foundation, Inc. is a not-for-profit corporation that goes beyond what most housing related organizations offer to provide safe, decent, affordable housing for low income individuals, families, seniors, veterans, and persons living with disabilities. We seek to promote the self-worth and dignity of the persons we serve and the community at large by offering financial assistance and a wide range of housing services. Our clients have an average income of $25,150 and often must choose between food, health care and other basic necessities, leaving them with few resources for critical health and safety home repairs.(Continued on Schedule O)This year alone, we touched the lives of over 871 vulnerable, low income households with an investment of over $5,300,000 by providing health and safety home repairs, home modifications, comprehensive housing counseling and sustainable, affordable housing. Our programs contribute to the quality of life and positive health outcomes for both clients and our community.This program is supported by government grants and contributions.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,574,446

Program Service Revenue $0

Investment Income $225,206

Other Revenue $264,825

TOTAL REVENUE $4,064,477

Expense Breakdown

Grants Paid $2,488,885

Salaries & Benefits $711,436

Fundraising Expenses $0

Program Expenses $3,175,916

Other Expenses $612,900

TOTAL EXPENSES $3,813,221

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,064,477	$3,987,346	+0.0%
Expenses	$3,813,221	$3,857,470	0.0%
Net Income	$251,256	$129,876	+0.9%

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

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

$116,015

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kevin LoCicero	Vice President	0.50	Officer Director	$0	$0	$0
John M Berry	Secretary	0.50	Officer Director	$0	$0	$0
Charles Chapin	Treasurer	0.50	Officer Director	$0	$0	$0
Patrick L Cusato	Board Member	0.50	Director	$0	$0	$0
Tony D'Arpino	Board Member	0.50	Director	$0	$0	$0
Michael Aiello	President	0.50	Officer Director	$0	$0	$0
Erin Garrett	Board Member	0.50	Director	$0	$0	$0
Scott Procious	Board Member	0.50	Director	$0	$0	$0
Tracy Rowan	Board Member	0.50	Director	$0	$0	$0
Todd Schirmer	Board Member	0.50	Director	$0	$0	$0
Andrew Washburn	Board Member	0.50	Director	$0	$0	$0
Dr Allynn Smith	Executive Director	40.00	Officer	$97,360	$18,655	$116,015

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
2025	$4,064,477	$3,813,221	$13,567,082	$251,256
2024	$3,987,346	$3,857,470	$13,478,283	$129,876
2023	$4,015,755	$4,011,362	$14,045,328	$4,393
2022	$5,581,680	$4,727,381	$14,472,701	$854,299
2021	$10,562,656	$9,611,175	$13,720,583	$951,481
2020	$11,793,231	$11,001,149	$14,446,931	$792,082
2019	$15,325,925	$14,098,488	$15,497,489	$1,227,437

Bishop Sheen Ecumenical Housing Foundation Inc