BENNET HOUSING CORPORATION

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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

1983

Legal Domicile

Principal Officer

THOMAS A ROBINSON

Phone

8603251700

Tax Period

2023-01-01 to 2023-12-31

BENNET HOUSING CORPORATION, founded in 1983, is a small nonprofit that reported $459K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $558K exceeded revenue, resulting in a 22% operating deficit.

Mission

DEVELOP, CONSTRUCT, AND MANAGE AN APARTMENT COMPLEX UTILIZING THE EXISTING BENNET JUNIOR HIGH SCHOOL LOCATED IN MANCHESTER, CT.

Program Service Accomplishments

Program 1

Expenses: $521,410 Revenue: $470,378

DEVELOP, CONSTRUCT, AND MANAGE AN APARTMENT COMPLEX UTILIZING THE EXISTING BENNET JUNIOR HIGH SCHOOL LOCATED IN MANCHESTER, CT.

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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 $465,126

Investment Income $-11,458

Other Revenue $5,252

TOTAL REVENUE $458,920

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,358

Fundraising Expenses $0

Program Expenses $521,410

Other Expenses $488,718

TOTAL EXPENSES $558,076

Year-over-Year Comparison

	2023	2022	Change
Revenue	$458,920	$492,950	-0.1%
Expenses	$558,076	$514,960	+0.1%
Net Income	$-99,156	$-22,010	+3.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID GOLAS JR	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JANICE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA POLAND	DIRECTOR	1.00	Director	$0	$0	$0
PAUL RUBIN	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS ROBINSON	PRESIDENT	1.00	Officer 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	$458,920	$558,076	$1,320,803	$-99,156
2022	$492,950	$514,960	$1,417,338	$-22,010
2021	$469,823	$506,447	$1,373,173	$-36,624
2020	$460,203	$467,449	$1,520,849	$-7,246
2019	$454,001	$486,291	$1,448,683	$-32,290
2018	$448,076	$504,981	$1,508,808	$-56,905