HARBORSIDE APARTMENTS INC C/O ST JOSEPH'S HOSPITAL & MEDICAL CTR (EIN 223373890) - Form 990 Financial Analysis & Trantor Score

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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

1995

Legal Domicile

Principal Officer

CHRISTOPHER CAULFIELD

Phone

9737542803

Tax Period

2023-01-01 to 2023-12-31

HARBORSIDE APARTMENTS INC C/O ST JOSEPH'S HOSPITAL & MEDICAL CTR, founded in 1995, is a micro nonprofit in the Human Services sector that reported $75K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $93K exceeded revenue, resulting in a 24% operating deficit.

Mission

TO PROVIDE PERMANENT HOUSING TO PSYCHIATRICALLY DISABLED ADULTS.

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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 $0

Program Service Revenue $73,725

Investment Income $1,193

Other Revenue $0

TOTAL REVENUE $74,918

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,000

Fundraising Expenses $0

Program Expenses $69,777

Other Expenses $78,172

TOTAL EXPENSES $93,172

Year-over-Year Comparison

	2023	2022	Change
Revenue	$74,918	$96,673	-0.2%
Expenses	$93,172	$242,019	-0.6%
Net Income	$-18,254	$-145,346	-0.9%

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

N/A

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

$1,226,914

Total Directors

$1,482,194

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER MENDRZYCKI	PRESIDENT	1.00	Officer Director	$0	$20,324	$830,162
CHRISTOPHER CAULFIELD	TREASURER	1.00	Officer Director	$0	$14,170	$396,752
TINA MILES	TRUSTEE	1.00	Director	$0	$16,195	$255,280

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	No data	No data	No data	No data
2023	$74,918	$93,172	$515,606	$-18,254
2022	$96,673	$242,019	$488,386	$-145,346
2021	$69,246	$106,384	$656,625	$-37,138
2020	$71,209	$76,044	$692,219	$-4,835
2019	$70,983	$78,846	$702,492	$-7,863
2018	$67,738	$79,590	$707,643	$-11,852

HARBORSIDE APARTMENTS INC C/O ST JOSEPH'S HOSPITAL & MEDICAL CTR