WATERBURY FIRST CHURCH HOUSING INC… - Form 990 Financial Data

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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

1969

Legal Domicile

Principal Officer

CHERRIE GILLIS

Phone

2037539818

Tax Period

2024-01-01 to 2024-12-31

WATERBURY FIRST CHURCH HOUSING INC C/O ROBIN RIDGE APARTMENTS, founded in 1969, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2024.

Mission

TO PROVIDE FOR ELDERLY FAMILIES AND ELDERLY PERSONS, ON A NONPROFIT BASIS, RENTAL HOUSING AND RELATED FACILITIES AND SERVICES ESPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF THE AGED, AND CONTRIBUTE TO THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.

Program Service Accomplishments

Program 1

Expenses: $987,399 Revenue: $1,017,584

RENTAL PROGRAM - HOUSING PROJECT WHICH PROVIDES HOUSING TO LOW AND MODERATE INCOME INDIVIDUALS. THE PROJECT HAS 145 UNITS.

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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 $204,698

Program Service Revenue $1,017,584

Investment Income $23,576

Other Revenue $0

TOTAL REVENUE $1,245,858

Expense Breakdown

Grants Paid $0

Salaries & Benefits $250,108

Fundraising Expenses $0

Program Expenses $987,399

Other Expenses $966,985

TOTAL EXPENSES $1,217,093

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,245,858	$1,187,328	+0.0%
Expenses	$1,217,093	$1,203,071	+0.0%
Net Income	$28,765	$-15,743	-2.8%

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

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
CHERRIE GILLIS	PRESIDENT	3.00	Officer Director	$0	$0	$0
SHARON FRIGON	TREASURER	3.00	Officer Director	$0	$0	$0
JACQUELYN STUART	CORPORATE SECRETARY	3.00	Officer Director	$0	$0	$0
BILL CAMPION	DIRECTOR	3.00	Director	$0	$0	$0
RAE DESANTO	DIRECTOR	3.00	Director	$0	$0	$0
DENNIS DAVID MCGUIRE	DIRECTOR	3.00	Director	$0	$0	$0
JASON POLANSKI	DIRECTOR	3.00	Director	$0	$0	$0
MONIQUE SPINOLA	DIRECTOR	3.00	Director	$0	$0	$0
MARY SWASZOWSKI	DIRECTOR	3.00	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	$1,245,858	$1,217,093	$2,448,070	$28,765
2023	$1,187,328	$1,203,071	$2,460,574	$-15,743
2022	$1,150,696	$1,182,499	$2,589,980	$-31,803
2021	$1,130,325	$1,098,273	$2,659,264	$32,052
2020	$1,081,654	$1,040,438	$2,667,086	$41,216
2019	$1,055,614	$1,001,675	$2,673,939	$53,939
2018	$1,068,086	$1,093,330	$2,698,123	$-25,244

WATERBURY FIRST CHURCH HOUSING INC C/O ROBIN RIDGE APARTMENTS