SOUTHBURY ELDERLY HOUSING INC (EIN 222515002) - 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

1983

Legal Domicile

Principal Officer

MARK BURNS CPA

Phone

2032304809

Tax Period

2024-01-01 to 2024-12-31

SOUTHBURY ELDERLY HOUSING INC, founded in 1983, is a small nonprofit that reported $424K in total revenue in fiscal year 2024. Expenses of $549K exceeded revenue, resulting in a 29% operating deficit.

Mission

THE CORPORATION OWNS AND OPERATES 48 LOW-INCOME ELDERLY HOUSING UNITS WHICH ARE SUBSIDIZED BY THE U.S. DEPT. OF AGRICULTURE, RURAL DEVELOPMENT.

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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 $5,246

Program Service Revenue $417,530

Investment Income $1,009

Other Revenue $0

TOTAL REVENUE $423,785

Expense Breakdown

Grants Paid $0

Salaries & Benefits $107,945

Fundraising Expenses $0

Program Expenses $449,070

Other Expenses $440,764

TOTAL EXPENSES $548,709

Year-over-Year Comparison

	2024	2023	Change
Revenue	$423,785	$407,283	+0.0%
Expenses	$548,709	$630,206	-0.1%
Net Income	$-124,924	$-222,923	-0.4%

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

N/A

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
JUNE BENNETT	DIRECTOR	N/A	Director	$0	$0	$0
MARK BURNS CPA	TREASURER	N/A	Officer Director	$0	$0	$0
JOSEPH HOCHHEISER	DIRECTOR	N/A	Director	$0	$0	$0
HELENA JEDLINSKY	DIRECTOR	N/A	Director	$0	$0	$0
GERALD KLEIN	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
FREDRICK MCGEE	PRESIDENT	N/A	Officer Director	$0	$0	$0
JOHN JACK MUSCOLINO	DIRECTOR	N/A	Director	$0	$0	$0
REV MARSTON PRICE	DIRECTOR	N/A	Director	$0	$0	$0
CATHY SOMERS	SECRETARY	N/A	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	$423,785	$548,709	$2,466,756	$-124,924
2023	$407,283	$630,206	$2,572,581	$-222,923
2022	$403,319	$528,712	$2,769,158	$-125,393
2021	$378,956	$561,117	$2,881,240	$-182,161
2020	$654,269	$507,306	$3,054,036	$146,963
2019	$376,123	$474,526	$2,900,459	$-98,403
2018	$376,716	$453,502	$2,998,219	$-76,786

SOUTHBURY ELDERLY HOUSING INC