CONGREGATIONAL RETIREMENT HOMES II INC (EIN 237234527) - 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

1972

Legal Domicile

Principal Officer

PAUL PERKINS

Phone

7816656334

Tax Period

2023-07-01 to 2024-06-30

CONGREGATIONAL RETIREMENT HOMES II INC, founded in 1972, is a community nonprofit in the Housing & Shelter sector that reported $2.8M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.1M, a strong 39% operating margin.

Mission

PROVIDE RETIREMENT HOUSING TO LOW TO MIDDLE INCOME UNDER THE HUD 202/SECTION 8 HOUSING PROGRAMS. ALL EXPENSES THAT ARE INCURRED BY THIS CORPORATION ARE FOR THE SOLE PURPOSE OF OPERATING AND MANAGING THIS RETIREMENT HOME.

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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 $2,743,141

Investment Income $67,546

Other Revenue $0

TOTAL REVENUE $2,810,687

Expense Breakdown

Grants Paid $0

Salaries & Benefits $372,866

Fundraising Expenses $0

Program Expenses $1,687,952

Other Expenses $1,344,790

TOTAL EXPENSES $1,717,656

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,810,687	$2,523,448	+0.1%
Expenses	$1,717,656	$1,785,645	0.0%
Net Income	$1,093,031	$737,803	+0.5%

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
PAUL PERKINS	PRESIDENT & CHARIMAN OF TH	1.00	Officer Director	$0	$0	$0
WARD HAMILTON	VICE PRESIDENT & TREASURER	1.00	Officer Director	$0	$0	$0
ANN AHLIN	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD BROWN	DIRECTOR	1.00	Director	$0	$0	$0
CONSTANCE FERREIRA	DIRECTOR	1.00	Director	$0	$0	$0
DAVID BURNHAM	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LUCAS	DIRECTOR	1.00	Director	$0	$0	$0
JANE MACDONALD	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE BIBILOS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTA EVANSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID HENRY	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
2025	No data	No data	No data	No data
2024	$2,810,687	$1,717,656	$9,693,485	$1,093,031
2023	$2,523,448	$1,785,645	$8,643,575	$737,803
2022	$2,450,044	$1,457,246	$7,849,725	$992,798
2021	$2,253,808	$1,362,271	$6,855,135	$891,537
2020	$2,067,084	$1,367,735	$6,034,360	$699,349
2019	$1,595,837	$1,288,916	$5,264,450	$306,921

CONGREGATIONAL RETIREMENT HOMES II INC