BRANFORD INTERFAITH HOUSING CORPORATION (BRIC)

EIN: 222948519 501(c)(3) Housing & Shelter

BRANFORD, CT

Total Revenue
$321,993
Total Expenses
$313,839
Total Assets
$2,261,077
Net Assets
$1,933,017
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
CT
Principal Officer
PETER CIMINO
Phone
2034837420
Tax Period
2024-07-01 to 2025-06-30

BRANFORD INTERFAITH HOUSING CORPORATION (BRIC), founded in 1988, is a small nonprofit in the Housing & Shelter sector that reported $322K in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. Net assets of $1.9M represent 72 months of operating reserves.

Mission

TO REDUCE HOMELESSNESS BY INCREASING THE SUPPLY OF ATTRACTIVE, AFFORDABLE, WELL MANAGED HOUSING AT VARIOUS LOCATIONS IN BRANFORD, 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 $40,000
Program Service Revenue $281,993
Investment Income $0
Other Revenue $0
TOTAL REVENUE $321,993

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $298,317
Other Expenses $313,839
TOTAL EXPENSES $313,839

Year-over-Year Comparison

2024 2023 Change
Revenue $321,993 $238,498 +0.4%
Expenses $313,839 $338,490 -0.1%
Net Income $8,154 $-99,992 -1.1%
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
11
Independent Members
11
Employees
N/A
Volunteers
11

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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ED MASOTTA DIRECTOR 0.50
Director
$0 $0 $0
CHARLES ANDRES DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM REYNOLDS DIRECTOR 0.50
Director
$0 $0 $0
PETER CIMINO PRESIDENT 0.50
Officer Director
$0 $0 $0
JOAN BARBOZA TREASURER 0.50
Officer Director
$0 $0 $0
ANTHONY TERRY DIRECTOR 0.50
Director
$0 $0 $0
RAY FALKOFF DIRECTOR 0.50
Director
$0 $0 $0
ESAU GREENE DIRECTOR 0.50
Director
$0 $0 $0
JOHN MOONEY DIRECTOR 0.50
Director
$0 $0 $0
BONNIE BALLANTYNE SECRETARY 0.50
Officer Director
$0 $0 $0
JUDY BISHOP DIRECTOR 0.50
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 $321,993 $313,839 $2,261,077 $8,154
2024 $238,498 $338,490 $2,260,144 $-99,992
2023 $257,831 $324,700 $2,491,160 $-66,869
2022 $265,442 $317,377 $2,463,274 $-51,935
2021 $252,233 $307,422 $2,491,818 $-55,189
2020 $256,701 $313,436 $2,578,984 $-56,735
2019 $246,878 $357,847 $2,720,680 $-110,969
2018 $1,022,394 $373,481 $2,996,052 $648,913
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