HALFWAY HOUSE SERVICES INC ALDER STREET RESIDENCE (EIN 237067121) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

CHRISTINE NICHOLS

Phone

5413435831

Tax Period

2023-07-01 to 2024-06-30

HALFWAY HOUSE SERVICES INC ALDER STREET RESIDENCE, founded in 1979, is a community nonprofit in the Mental Health sector that reported $2.7M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $554K, a strong 20% operating margin.

Mission

PROVIDE GROUP LIVING FOR MENTALLY OR EMOTIONALLY DISTURBED ADULTS.

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,470,054

Program Service Revenue $178,032

Investment Income $42,563

Other Revenue $14,608

TOTAL REVENUE $2,705,257

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,738,544

Fundraising Expenses $0

Program Expenses $1,929,538

Other Expenses $413,016

TOTAL EXPENSES $2,151,560

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,705,257	$2,393,426	+0.1%
Expenses	$2,151,560	$2,004,112	+0.1%
Net Income	$553,697	$389,314	+0.4%

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

Governance

Voting Members

Independent Members

Employees

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

$138,522

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA BRANN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JAN ROLLINGS	TREASURER	1.00	Officer Director	$0	$0	$0
LYNN SHEPARD	PRESIDENT	1.00	Officer Director	$0	$0	$0
LAURENCE HAMBLEN	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA SPEARS	DIRECTOR	1.00	Director	$0	$0	$0
CHEROKEE STAPLES	DIRECTOR	1.00	Director	$0	$0	$0
ANN PENNY	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTINE NICHOLS	EXECUTIVE DIRECTOR	40.00	Officer	$118,403	$20,119	$138,522

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	No data	No data	No data	No data
2024	$2,705,257	$2,151,560	$3,436,193	$553,697
2023	$2,393,426	$2,004,112	$2,881,293	$389,314
2022	$2,053,146	$1,821,497	$2,468,321	$231,649
2021	$1,768,235	$1,486,451	$2,074,221	$281,784
2020	$1,901,828	$1,293,961	$1,797,750	$607,867
2019	$1,450,917	$1,210,793	$1,171,929	$240,124
2018	$969,241	$883,699	$943,994	$85,542

HALFWAY HOUSE SERVICES INC ALDER STREET RESIDENCE