COVENANT COMMONWEALTH CORPORATION INC C/O B'NAI B'RITH HOUSING NE INC (EIN 204158996) - 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

2010

Legal Domicile

Principal Officer

BURT GESSERMAN

Phone

6177315291

Tax Period

2023-01-01 to 2023-12-31

COVENANT COMMONWEALTH CORPORATION INC C/O B'NAI B'RITH HOUSING NE INC, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $168K in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $168K, a strong 100% operating margin.

Mission

ACQUIRE, DEVELOP AND MANAGE AFFORDABLE HOUSING IN NEW ENGLAND.

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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 $60,000

Program Service Revenue $0

Investment Income $42,479

Other Revenue $65,743

TOTAL REVENUE $168,222

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $350

TOTAL EXPENSES $350

Year-over-Year Comparison

	2023	2022	Change
Revenue	$168,222	$371,418	-0.5%
Expenses	$350	$2,967	-0.9%
Net Income	$167,872	$368,451	-0.5%

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

$351,342

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEXANDRA PHILIPS	DIRECTOR	1.00	Director	$0	$0	$0
BURTON GESSERMEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
CALANDRA CLARK	DIRECTOR	1.00	Director	$0	$0	$0
DAVID ABROMOWITZ	DIRECTOR	1.00	Director	$0	$0	$0
DEAN SIFLINGER	DIRECTOR	1.00	Director	$0	$0	$0
EDWARD ZUKER	DIRECTOR	1.00	Director	$0	$0	$0
ELEANOR WHITE	DIRECTOR	1.00	Director	$0	$0	$0
GIOVANNY VALENCIA	DIRECTOR	1.00	Director	$0	$0	$0
HINDELL GROSSMAN	CLERK	1.00	Officer Director	$0	$0	$0
IGOR VINUKUROV	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER RAITT	DIRECTOR	1.00	Director	$0	$0	$0
KELLY CRONIN	DIRECTOR	1.00	Director	$0	$0	$0
MARK OLSHANBBI	DIRECTOR	1.00	Director	$0	$0	$0
MARK RAVERA	DIRECTOR	1.00	Director	$0	$0	$0
MARVIN SIFLINGER	PRESIDENT EMERITUS	1.00	Director	$0	$0	$0
MOLLY GOODMAN	ASSISTANT CLERK	1.00	Officer Director	$0	$0	$0
RICHARD HENKEN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT GOLDEN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT SKLOFF	TREASURER	1.00	Director	$0	$0	$0
SONIA MICHELSON	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN L GITTELMAN	EXECUTIVE DIRECTOR	1.00	Officer	$0	$12,150	$351,342

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	$168,222	$350	$5,482,330	$167,872
2022	$371,418	$2,967	$5,374,458	$368,451
2021	$2,891,192	$2,378	$5,066,007	$2,888,814
2020	$636,005	$2,469	$2,237,193	$633,536
2019	$464,181	$2,295	$1,711,657	$461,886

COVENANT COMMONWEALTH CORPORATION INC C/O B'NAI B'RITH HOUSING NE INC