BLOOMFIELD COMMUNITY HOUSING C/O RIGHT WAY MGMT SERVICES LLC (EIN 237231221) - 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

1974

Legal Domicile

Principal Officer

TONY SPARGUR

Phone

5634326160

Tax Period

2024-01-01 to 2024-12-31

BLOOMFIELD COMMUNITY HOUSING C/O RIGHT WAY MGMT SERVICES LLC, founded in 1974, is a small nonprofit that reported $568K in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $165K, a strong 29% operating margin.

Mission

PROVIDE HOUSING FOR LOW INCOME ELDERLY.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $567,227

Investment Income $922

Other Revenue $0

TOTAL REVENUE $568,149

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $335,810

Other Expenses $403,246

TOTAL EXPENSES $403,246

Year-over-Year Comparison

	2024	2023	Change
Revenue	$568,149	$388,356	+0.5%
Expenses	$403,246	$430,566	-0.1%
Net Income	$164,903	$-42,210	-4.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONY SPARGUR	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIAN BURNAM JOINED 2024	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
PHYLLIS K BRIDE	SECRETARY	1.00	Officer Director	$0	$0	$0
DON WALTON	TREASURER	1.00	Officer Director	$0	$0	$0
GREG BENGE	DIRECTOR	1.00	Director	$0	$0	$0
MARYJO JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA COLE	DIRECTOR	1.00	Director	$0	$0	$0
MARY LYNN STUFFLEBEAM LEFT 12024	VICE PRESIDE	N/A	Officer 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
2025	No data	No data	No data	No data
2024	$568,149	$403,246	$715,126	$164,903
2023	$388,356	$430,566	$569,018	$-42,210
2022	$332,710	$368,319	$631,980	$-35,609
2021	$314,031	$339,276	$684,729	$-25,245
2020	$320,576	$329,210	$721,662	$-8,634
2019	$309,412	$312,261	$746,341	$-2,849
2018	$292,765	$299,290	$762,028	$-6,525

BLOOMFIELD COMMUNITY HOUSING C/O RIGHT WAY MGMT SERVICES LLC