GRACE CONGREGATE HOUSING CORPORATION (EIN 223507406) - 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

1996

Legal Domicile

Principal Officer

EVA ANDERSON

Phone

2037565269

Tax Period

2024-01-01 to 2024-12-31

GRACE CONGREGATE HOUSING CORPORATION, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $672K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Net assets of $3.1M represent 55 months of operating reserves.

Mission

TO PROVIDE LOW INCOME ELDERLY HOUSING IN WATERBURY 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $100,000

Program Service Revenue $572,006

Investment Income $129

Other Revenue $0

TOTAL REVENUE $672,135

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,371

Fundraising Expenses $0

Program Expenses $586,696

Other Expenses $580,415

TOTAL EXPENSES $684,786

Year-over-Year Comparison

	2024	2023	Change
Revenue	$672,135	$568,236	+0.2%
Expenses	$684,786	$652,032	+0.1%
Net Income	$-12,651	$-83,796	-0.8%

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

Employees

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EVA ANDERSON	PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBERT MASTRANTONE	DIRECTOR	1.00	Director	$0	$0	$0
CAROLYN HIGHSMITH	SECRETARY	2.00	Officer Director	$0	$0	$0
LINDA CHAPMAN	DIRECTOR	1.00	Director	$0	$0	$0
GWENDOLYN RAINES	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD SAVAGE	DIRECTOR	1.00	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
2024	$672,135	$684,786	$3,146,370	$-12,651
2023	$568,236	$652,032	$3,128,500	$-83,796
2022	$534,524	$629,686	$3,230,078	$-95,162
2021	$515,215	$604,367	$3,308,546	$-89,152
2020	$498,996	$610,027	$3,420,092	$-111,031
2019	$565,170	$581,762	$3,508,695	$-16,592
2018	$493,060	$543,165	$3,529,049	$-50,105

GRACE CONGREGATE HOUSING CORPORATION