Shalom House Inc

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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

1972

Legal Domicile

Principal Officer

Mary Haynes-Rodgers

Phone

2078741080

Tax Period

2024-07-01 to 2025-06-30

Shalom House Inc, founded in 1972, is a mid-sized nonprofit in the Mental Health sector that reported $39.1M in total revenue in fiscal year 2024.

Mission

Shalom House offers hope for adults living with severe mental illness by providing an array of community based mental health services and a choice of quality housing that help people lead stable and fulfilling lives in the community.

Program Service Accomplishments

Program 1

Expenses: $17,338,143 Revenue: $19,705,283

Residential HousingResidential housing for mentally ill individuals utilizing group homes and apartments with various levels of support to foster independent living skills.

Program 2

Expenses: $16,906,064 Revenue: $19,214,213

Rental Assistance & SubsidiesAdministration and distribution of state and federal rental assistance subsidies, including shelter plus care subsidized housing.

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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 $110,155

Program Service Revenue $38,919,496

Investment Income $96,959

Other Revenue $0

TOTAL REVENUE $39,126,610

Expense Breakdown

Grants Paid $23,827

Salaries & Benefits $16,078,227

Fundraising Expenses $196,355

Program Expenses $34,244,207

Other Expenses $21,920,028

TOTAL EXPENSES $38,022,082

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,126,610	$37,936,364	+0.0%
Expenses	$38,022,082	$37,716,245	+0.0%
Net Income	$1,104,528	$220,119	+4.0%

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

307

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

$268,953

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mark Adelson	President	1.00	Officer Director	$0	$0	$0
Holly Burbank	Vice President/Housing Chair	1.00	Officer Director	$0	$0	$0
James Ascanio	Treasurer/Finance Chair	1.00	Officer Director	$0	$0	$0
Kelly Webber	Assistant Treasurer	1.00	Officer Director	$0	$0	$0
Richard Fischer	Secretary	1.00	Officer Director	$0	$0	$0
Shawn Baldwin	Director	0.75	Director	$0	$0	$0
Brian Kilgallen	Director	1.00	Director	$0	$0	$0
Susan Lichtman Maataoui PhD	Director	1.00	Director	$0	$0	$0
Gary Rogers	Director	0.75	Director	$0	$0	$0
Mike Sprague	Director	0.75	Director	$0	$0	$0
Jennifer Yahr	Director	0.75	Director	$0	$0	$0
Tessa Metcalfe	Director	0.75	Director	$0	$0	$0
Haley Pogachefsky	Director	0.75	Director	$0	$0	$0
Mary Haynes-Rodgers	Executive Director	40.00	Officer	$156,348	$6,474	$162,822
Douglas Davidson	Finance Director	40.00	Officer	$102,258	$3,873	$106,131
Abigail Spadone	Clinical Director	40.00	Highest	$110,262	$4,777	$115,039
Edward Hermann	Human Resources Director	40.00	Highest	$102,791	$2,252	$105,043

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	$39,126,610	$38,022,082	$20,157,216	$1,104,528
2024	$37,936,364	$37,716,245	$17,205,808	$220,119
2023	$33,691,721	$32,697,911	$18,628,238	$993,810
2022	$31,187,453	$30,955,101	$17,316,321	$232,352
2021	$31,141,873	$28,680,898	$19,048,201	$2,460,975
2020	$25,427,591	$25,219,291	$19,176,216	$208,300
2019	$25,199,679	$24,885,022	$17,442,884	$314,657
2018	$24,994,070	$25,101,177	$17,672,147	$-107,107