ARC HOUSING OF SOMERSET INC (EIN 222813769) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

CHRISTOPHER CORVINO

Phone

9087258544

Tax Period

2024-07-01 to 2025-06-30

ARC HOUSING OF SOMERSET INC, founded in 1972, is a small nonprofit that reported $271K in total revenue in fiscal year 2024. The organization ran a surplus of $46K, a strong 17% operating margin.

Mission

TO PROVIDE AFFORDABLE, COMMUNITY BASED, SUPPORTED HOUSING TO INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $197,394

Program Service Revenue $73,444

Investment Income $180

Other Revenue $0

TOTAL REVENUE $271,018

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,846

Fundraising Expenses $0

Program Expenses $194,717

Other Expenses $193,655

TOTAL EXPENSES $225,501

Year-over-Year Comparison

	2024	2023	Change
Revenue	$271,018	$270,341	+0.0%
Expenses	$225,501	$236,966	0.0%
Net Income	$45,517	$33,375	+0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$287,883

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TOM APPLEGATE	PRESIDENT	1.00	Officer Director	$0	$0	$0
DARRYL VOORHEES	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK MCDONOUGH	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN ZAJAC	SECRETARY	1.00	Officer Director	$0	$0	$0
SANDEE MILLER	ASSOCIATE EXECUTIVE DIRECT	1.00	Director	$0	$17,880	$129,866
CHRISTOPHER CORVINO	EXECUTIVE DIRECTOR	1.00	Director	$0	$7,525	$158,017
MONIMALA NANDAN	DIRECTOR OF HR	1.00	Highest	$0	$17,381	$121,384

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	$271,018	$225,501	$524,767	$45,517
2024	No data	No data	No data	No data
2023	$249,750	$224,276	$451,207	$25,474
2022	$235,528	$212,510	$384,186	$23,018
2021	$218,070	$197,399	$377,495	$20,671
2020	$253,106	$224,747	$327,756	$28,359
2019	$236,866	$240,708	$332,215	$-3,842

ARC HOUSING OF SOMERSET INC