BRIDGEPORT NEIGHBORHOOD TRUST

EIN: 222809353 501(c)(3) Housing & Shelter

BRIDGEPORT, CT

Total Revenue
$1,865,304
Total Expenses
$1,725,529
Total Assets
$3,054,229
Net Assets
$2,324,608
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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
1986
Legal Domicile
CT
Principal Officer
DORIS LATORRE
Phone
2032904255
Tax Period
2024-01-01 to 2024-12-31

BRIDGEPORT NEIGHBORHOOD TRUST, founded in 1986, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2024. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $1.7M left a modest 7% surplus.

Mission

FOUNDED IN 1986, BUILDING NEIGHBORHOODS TOGETHER'S (BNT) MISSION IS TO END HOUSING INSECURITY, INCOME INEQUALITY AND HOMELESSNESS BY CREATING SAFE, AFFORDABLE HOUSING, AND PROVIDING COMPREHENSIVE HOUSING AND FINANCIAL COUNSELING SERVICES TO LOW- AND MODERATE-INCOME FAMILIES ACROSS CONNECTICUT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,493,335
Program Service Revenue $288,455
Investment Income $253
Other Revenue $83,261
TOTAL REVENUE $1,865,304

Expense Breakdown

Grants Paid $0
Salaries & Benefits $998,118
Fundraising Expenses $0
Program Expenses $858,748
Other Expenses $727,411
TOTAL EXPENSES $1,725,529

Year-over-Year Comparison

2024 2023 Change
Revenue $1,865,304 $4,662,253 -0.6%
Expenses $1,725,529 $3,952,576 -0.6%
Net Income $139,775 $709,677 -0.8%
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

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Governance

Voting Members
10
Independent Members
10
Employees
12
Volunteers
10

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
5
$221,196
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TERENCE FLOYD BOARD PRESIDENT 2.00
Officer Director
$0 $0 $0
JENITA HAYES BOARD TREASURER 2.00
Officer Director
$0 $0 $0
CAROL J HELLER BOARD SECRETARY (UNTIL 10/24) 2.00
Officer Director
$0 $0 $0
CHARLES G BRELAND BOD MEMBER 2.00
Director
$0 $0 $0
KEVIN MOORE BOD MEMBER 2.00
Director
$0 $0 $0
DAVID REYES BOD MEMBER 2.00
Director
$0 $0 $0
REGINA VERMONT BOD MEMBER 2.00
Director
$0 $0 $0
CYNTHIA LUCERO BOD MEMBER 2.00
Director
$0 $0 $0
KIRINA GAIR MCMICHAEL BOD MEMBER 2.00
Director
$0 $0 $0
CHIP PARRISH BOARD PRESIDENT (UNTIL 03/24) 2.00
Officer Director
$0 $0 $0
DORIS LATORRE CEO 40.00
Officer
$175,050 $46,146 $221,196
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 $1,865,304 $1,725,529 $3,054,229 $139,775
2023 $4,662,253 $3,952,576 $4,841,236 $709,677
2022 $4,785,783 $5,803,065 $30,686,996 $-1,017,282
2021 $5,985,060 $5,198,040 $32,575,822 $787,020
2020 $3,947,474 $4,016,135 $32,086,902 $-68,661
2019 $2,857,316 $3,878,977 $28,108,038 $-1,021,661
2018 $3,453,582 $3,989,912 $28,039,406 $-536,330
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