ELDERLY HOUSING DEVELOPMENT CORP OF OLD SAYBROOK (EIN 222757384) - 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

1982

Legal Domicile

Principal Officer

LAUREN BLAHA

Phone

8603885915

Tax Period

2023-07-01 to 2024-06-30

ELDERLY HOUSING DEVELOPMENT CORP OF OLD SAYBROOK, founded in 1982, is a small nonprofit in the Housing & Shelter sector that reported $346K in total revenue in fiscal year 2023. Expenses of $486K exceeded revenue, resulting in a 40% operating deficit.

Mission

THE CORPORATION OWNS AND OPERATES A 14 UNIT HOUSING PROJECT FOR THE ELDERLY AND HANDICAPPED.

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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 $338,973

Investment Income $7,307

Other Revenue $0

TOTAL REVENUE $346,280

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,449

Fundraising Expenses $0

Program Expenses $440,023

Other Expenses $443,606

TOTAL EXPENSES $486,055

Year-over-Year Comparison

	2023	2022	Change
Revenue	$346,280	$337,676	+0.0%
Expenses	$486,055	$503,674	0.0%
Net Income	$-139,775	$-165,998	-0.2%

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
ELIZABETH STEFFEN	PRESIDENT	N/A	Officer Director	$0	$0	$0
VIVIAN PARTRIDGE	V. PRESIDENT	N/A	Officer Director	$0	$0	$0
LAUREN BLAHA	TREASURER	N/A	Director	$0	$0	$0
MARIE LAPOINTE	ASST. TREASU	N/A	Officer Director	$0	$0	$0
KARIE HANSEN-BLAHA	SECRETARY	N/A	Officer Director	$0	$0	$0
LORRAINE SAMELA	DIRECTOR	N/A	Director	$0	$0	$0
DEVIN CARNEY	DIRECTOR	N/A	Director	$0	$0	$0
ARCANGELA CLAFFEY	DIRECTOR	N/A	Director	$0	$0	$0
LESLEY MARA	DIRECTOR	N/A	Director	$0	$0	$0
MARK CALDARELLA	DIRECTOR	N/A	Director	$0	$0	$0
MARGARET SAMELA	DIRECTOR	N/A	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
2025	No data	No data	No data	No data
2024	$346,280	$486,055	$3,804,744	$-139,775
2023	$337,676	$503,674	$3,967,885	$-165,998
2022	$368,509	$468,142	$4,172,020	$-99,633
2021	$333,061	$327,039	$4,971,076	$6,022
2020	$332,953	$323,685	$4,891,687	$9,268
2019	$334,105	$362,072	$4,935,941	$-27,967
2018	$281,928	$270,241	$5,030,393	$11,687

ELDERLY HOUSING DEVELOPMENT CORP OF OLD SAYBROOK