HARTFORD, CT
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)IMMACARE INC, founded in 1990, is a community nonprofit in the Housing & Shelter sector that reported $4.4M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Net assets of $14.2M represent 39 months of operating reserves.
IMMACARE STRIVES TO END HOMELESSNESS IN THE HARTFORD REGION BY PROVIDING ESSENTIAL SERVICES, SHELTER, AND HOUSING TO HELP INDIVIDUALS REBUILD THEIR LIVES.
THE PERMANENT SUPPORTIVE HOUSING PROGRAM MOVES MEN AND WOMEN EXPERIENCING HOMELESSNESS OFF THE STREETS AND OUT OF SHELTERS INTO THEIR OWN HOMES. CURRENTLY, MORE THAN 120 PREVIOUSLY HOMELESS...
THE PERMANENT SUPPORTIVE HOUSING PROGRAM MOVES MEN AND WOMEN EXPERIENCING HOMELESSNESS OFF THE STREETS AND OUT OF SHELTERS INTO THEIR OWN HOMES. CURRENTLY, MORE THAN 120 PREVIOUSLY HOMELESS INDIVIDUALS NOW LIVE INDEPENDENTLY AND HOLD THEIR OWN LEASES IN APARTMENTS THROUGHOUT HARTFORD. CASE MANAGERS WORK WITH RESIDENTS, LINKING THEM TO NEEDED SERVICES, INCLUDING MEDICAL AND MENTAL HEALTH CARE, ADDICTION SERVICES, ENTITLEMENT ASSISTANCE, EDUCATION AND JOB TRAINING.
THE EMERGENCY SHELTER IS YEAR-ROUND AND OPEN 24/7, SERVING MEN EXPERIENCING HOMELESSNESS IN THE GREATER HARTFORD AREA. IT PROVIDES TEMPORARY HOUSING AND SHELTER, HOT AND NUTRITIOUS MEALS, AND...
THE EMERGENCY SHELTER IS YEAR-ROUND AND OPEN 24/7, SERVING MEN EXPERIENCING HOMELESSNESS IN THE GREATER HARTFORD AREA. IT PROVIDES TEMPORARY HOUSING AND SHELTER, HOT AND NUTRITIOUS MEALS, AND LINKAGES TO COMMUNITY-BASED SERVICES SUCH AS MENTAL HEALTH AND SUBSTANCE ABUSE TREATMENT, EDUCATION AND EMPLOYMENT AND HEALTH CARE. UPON THE COMPLETION OF THE MAJOR RENOVATIONS, IMMACARE'S EMERGENCY SHELTER HAS TRANSFORMED INTO A HOUSING NAVIGATION CENTER, A NEW LOW-BARRIER, SERVICE-ENRICHED SHELTER WITH THE FOCUS ON INDIVIDUALS WORKING ON ENDING THEIR HOMELESSNESS. INTENSIVE ONSITE SUPPORT SERVICES WILL BE PROVIDED IN THE NEWLY RENOVATED FACILITIES. THE AGENCY PROVIDED SUCH SERVICES TO 242 UNIQUE INDIVIDUALS EXPERIENCING HOMELESSNESS DURING THE LAST OPERATING YEAR. THE MOBILE OUTREACH PROGRAM SEARCHES FOR CHRONICALLY AND LITERALLY HOMELESS MEN AND WOMEN LIVING UNDER BRIDGES, IN PARKS AND ALONG RAILROAD TRACKS WHO, FOR A VARIETY OF REASONS, DO NOT WANT TO STAY IN A SHELTER. LAST YEAR, SERVICES WERE PROVIDED TO 370 INDIVIDUALS EXPERIENCING HOMELESSNESS. IN ADDITION TO BEING PROVIDED WITH FOOD, CLOTHING, WATER, AND OTHER ESSENTIALS, STAFF WORKED WITH THEM TO ENGAGE IN THE SERVICES REQUIRED TO END THEIR HOMELESSNESS.
IMMACARE HOUSES ADDITIONAL FORMERLY HOMELESS PERSONS IN CASA DE FRANCISCO, A 50-UNIT APARTMENT COMPLEX IN WHICH HALF OF THE APARTMENTS ARE DESIGNATED FOR FORMERLY CHRONICALLY HOMELESS INDIVIDUALS AND...
IMMACARE HOUSES ADDITIONAL FORMERLY HOMELESS PERSONS IN CASA DE FRANCISCO, A 50-UNIT APARTMENT COMPLEX IN WHICH HALF OF THE APARTMENTS ARE DESIGNATED FOR FORMERLY CHRONICALLY HOMELESS INDIVIDUALS AND HALF ARE OPEN TO INDIVIDUALS WITH INCOMES BELOW 50 PERCENT OF THE AREA'S MEDIAN INCOME. SIMILAR TO OUR SCATTERED-SITE PERMANENT SUPPORTIVE HOUSING PROGRAM, CASE MANAGERS WORK WITH THESE RESIDENTS ON REMAINING HOUSED, AS WELL AS LINKING THEM TO NEEDED SERVICES, INCLUDING MEDICAL AND MENTAL HEALTH CARE, ADDICTION SERVICES, ENTITLEMENT ASSISTANCE, EDUCATION AND JOB TRAINING.
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 | $4,386,114 | $4,643,997 | -0.1% |
| Expenses | $4,287,688 | $4,038,631 | +0.1% |
| Net Income | $98,426 | $605,366 | -0.8% |
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 |
|---|---|---|---|---|---|---|
| MARK WELZENBACH | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SHEILA AZOR | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ESTHER TUTU | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PATRICIA GRAHAM-SULLIVAN | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CARL BACH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| RONALD WOODARD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CATHERINE THOMAS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL BRADLEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANDREA IDUSUYI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DENISE MORRIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LOUIS GILBERT | EXECUTIVE DIRECTOR | 45.00 |
Officer
|
$114,860 | $15,330 | $130,190 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $4,386,114 | $4,287,688 | $14,539,284 | $98,426 |
| 2024 | $4,643,997 | $4,038,631 | $14,512,631 | $605,366 |
| 2023 | $3,495,408 | $3,633,158 | $13,843,111 | $-137,750 |
| 2022 | $3,430,185 | $3,385,162 | $13,885,817 | $45,023 |
| 2021 | $3,531,726 | $3,280,968 | $13,750,090 | $250,758 |
| 2020 | $7,002,271 | $3,006,525 | $13,738,937 | $3,995,746 |
| 2019 | $3,064,489 | $3,094,759 | $9,703,572 | $-30,270 |
| 2018 | $3,178,331 | $3,193,174 | $9,453,859 | $-14,843 |
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