New Haven, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOUSING OPERATIONS MANAGEMENT ENTERPRISES INC, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $2.1M exceeded revenue, resulting in a 43% operating deficit.
mission: provision of affordable housing for homeless, disabled, and other disadvantaged populations; chief activities are housing management, housing development, and housing counseling. Activities are described in Part III.
Property Management of Affordable Housing. Provision of resident-oriented property management services through which human development and increased integration into mainstream housing is fostered...
Property Management of Affordable Housing. Provision of resident-oriented property management services through which human development and increased integration into mainstream housing is fostered while shelter is provided. Housing for mentally-ill and other disabled persons emphasized. Accomplishments through 3/31/25: 124 units under management; all units owned by non-profit organizations or controlled subsidiaries of non-profit organizations. Resident services program (e.g., referrals to service agencies) operated.
Housing Counseling Program. Provides counseling to holders of Housing Choice Vouchers and others regarding opportunities to move out of high-poverty areas.Accomplishments in FY25: 0 clients...
Housing Counseling Program. Provides counseling to holders of Housing Choice Vouchers and others regarding opportunities to move out of high-poverty areas.Accomplishments in FY25: 0 clients counseled; 0 clients leased-up; 0 clients leased-up in target lower-poverty neighborhoods; 0 clients placed in suburban areas. Cumulative accomplishments to 3/31/25: 2,264 clients counseled; 1,109 clients placed in housing; 679 clients leased-up in target lower-poverty neighborhoods; 358 clients placed in suburban areas. Program was on hiatus until this FY25, which saw planning operations for a FY26 launch.
Affordable Housing Development. Development, purchase, and construction to preserve and improve affordable housing in the greater New Haven area; target population is that all residents will earn...
Affordable Housing Development. Development, purchase, and construction to preserve and improve affordable housing in the greater New Haven area; target population is that all residents will earn less than 80% of median income and that more than half will earn less than 50% of median. Housing for mentally-ill and other disabled persons emphasized. Accomplishments in FY25: Continued development of 2 housing projects with 88 units; $110,000 raised for rehabilitation of 3 developments. Cumulative accomplishments through 3/31/25: 111 units built; full financing being sought on 88 additional units. Also, assisted managed properties to acquire additional units and renovate existing units. Cumulative accomplishments through 3/31/24: 10 units acquired with $575,000 in financing; rehabilitation loans or grants totaling $4,962,000 for 332 units secured.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,454,278 | $1,634,445 | -0.1% |
| Expenses | $2,075,872 | $1,845,940 | +0.1% |
| Net Income | $-621,594 | $-211,495 | +1.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Brett Hill | President | 40 |
Officer
Highest
|
$106,661 | $12,285 | $118,946 |
| Shellina Toure | Chair | 1 |
Officer
Director
|
$0 | $0 | $0 |
| Francesca Martin | Secretary and Acting Treasurer | 2 |
Officer
Director
|
$0 | $0 | $0 |
| Reuben Taylor | Director | 0 |
Director
|
$0 | $0 | $0 |
| Cynthia Texeira | Director | 1 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $1,454,278 | $2,075,872 | $9,791,827 | $-621,594 |
| 2024 | $1,634,445 | $1,845,940 | $10,578,721 | $-211,495 |
| 2023 | $1,365,688 | $1,364,318 | $7,278,711 | $1,370 |
| 2022 | $1,749,422 | $1,492,947 | $7,329,269 | $256,475 |
| 2021 | $1,553,826 | $1,470,975 | $7,020,278 | $82,851 |
Compare HOUSING OPERATIONS MANAGEMENT ENTERPRISES INC with other nonprofits in Connecticut and across the country.