WEBSTER HOUSING FOR THE ELDERLY INC

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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

1987

Legal Domicile

Principal Officer

BRIAN SCALES

Phone

9786306600

Tax Period

2023-11-01 to 2024-10-31

WEBSTER HOUSING FOR THE ELDERLY INC, founded in 1987, is a small nonprofit in the Housing & Shelter sector that reported $972K in total revenue in fiscal year 2023. Expenses of $890K left a modest 8% surplus.

Mission

TO PROVIDE AFFORDABLE RESIDENTIAL HOUSING FOR ELDERLY PERSONS IN WEBSTER, MASSACHUSETTS.

Program Service Accomplishments

Program 1

Expenses: $808,103 Revenue: $343,722

TO ACQUIRE, CONSTRUCT, REHABILITATE AND OPERATE 70 UNITS OF AFFORDABLE RESIDENTIAL HOUSING FOR ELDERLY PERSONS LOCATED IN WEBSTER, MASSACHUSETTS.

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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 $627,835

Program Service Revenue $337,547

Investment Income $273

Other Revenue $6,175

TOTAL REVENUE $971,830

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $808,103

Other Expenses $889,802

TOTAL EXPENSES $889,802

Year-over-Year Comparison

	2023	2022	Change
Revenue	$971,830	$930,057	+0.0%
Expenses	$889,802	$902,824	0.0%
Net Income	$82,028	$27,233	+2.0%

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

$324,332

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REBECCA CARRINGTON	DIRECTOR	0.10	Director	$0	$0	$0
DEBORAH FLANIGAN	DIRECTOR	0.10	Director	$0	$0	$0
PAULA J MAYVILLE	DIRECTOR	0.10	Director	$0	$0	$0
BRIAN SCALES	PRESIDENT/TREASURER	0.10	Officer	$0	$14,570	$240,515
DEBORAH FOLEY	CLERK/RESIDENT AGENT	0.10	Officer	$0	$7,023	$83,817

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	$971,830	$889,802	$1,807,402	$82,028
2023	$930,057	$902,824	$1,805,579	$27,233
2022	$886,765	$831,545	$1,900,701	$55,220
2021	$882,207	$827,833	$1,968,060	$54,374
2020	$864,146	$850,870	$2,012,162	$13,276
2019	$851,166	$826,352	$2,087,770	$24,814
2018	$839,903	$818,769	$2,158,417	$21,134