MUTUAL HOUSING ASSOCIATION OF SOUTH CENTRAL CONNECTICUT INC

EIN: 223237413 501(c)(3) Housing & Shelter

NEW HAVEN, CT

Total Revenue
$5,318,951
Total Expenses
$20,341,944
Total Assets
$39,598,907
Net Assets
$3,660,847
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
CT
Principal Officer
TOM CRUESS
Phone
2035624514
Tax Period
2024-01-01 to 2024-12-31

MUTUAL HOUSING ASSOCIATION OF SOUTH CENTRAL CONNECTICUT INC, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $5.3M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $20.3M exceeded revenue, resulting in a 282% operating deficit.

Mission

TO DEVELOP, OWN AND MANAGE AFFORDABLE HOUSING; ENCOURAGE COMMUNITY INVOLVEMENT AND TO PREVENT AND ELIMINATE NEIGHBORHOOD DETERIORATION.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,794,365
Program Service Revenue $3,404,720
Investment Income $-52,682
Other Revenue $172,548
TOTAL REVENUE $5,318,951

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,394,502
Fundraising Expenses $62,869
Program Expenses $19,146,055
Other Expenses $17,947,442
TOTAL EXPENSES $20,341,944

Year-over-Year Comparison

2024 2023 Change
Revenue $5,318,951 $7,096,112 -0.3%
Expenses $20,341,944 $7,440,311 +1.7%
Net Income $-15,022,993 $-344,199 +42.6%
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

Sign In

Governance

Voting Members
6
Independent Members
6
Employees
60
Volunteers
6

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
5
$219,708
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CESAR GUITERREZ BOARD MEMBER 0.50
Director
$0 $0 $0
CHRIS CANNA TREASURER 0.50
Officer Director
$0 $0 $0
DARA GIBBS SECRETARY 0.50
Officer Director
$0 $0 $0
HEWAD FNU PRESIDENT/BOARD CHAIR 0.50
Officer Director
$0 $0 $0
MICHAEL BATISTA BOARD MEMBER 0.50
Director
$0 $0 $0
ROMULO SAMANIEGO BOARD MEMBER 0.50
Director
$0 $0 $0
ARLENE LAWRENCE CFO 40.00
Officer
$96,266 $12,640 $108,906
THOMAS CRUESS PRESIDENT/CEO 40.00
Officer
$110,000 $802 $110,802
DAVID PURVIS CORPORATE COUNSEL 40.00
Highest
$107,405 $18,399 $125,804
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
2024 $5,318,951 $20,341,944 $39,598,907 $-15,022,993
2023 $7,096,112 $7,440,311 $51,977,137 $-344,199
2022 $11,028,889 $9,110,971 $50,129,248 $1,917,918
2021 $8,401,880 $6,074,291 $47,838,595 $2,327,589
2020 $5,973,784 $8,093,249 $42,633,372 $-2,119,465
2019 $5,919,896 $5,715,053 $41,343,737 $204,843
2018 $5,833,085 $4,947,047 $38,716,772 $886,038
Explore More Nonprofits
→Top 100 Nonprofits in Connecticut →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare MUTUAL HOUSING ASSOCIATION OF SOUTH CENTRAL CONNECTICUT INC with other nonprofits in Connecticut and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.