FIRST CHURCH HOUSING 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

1970

Legal Domicile

Principal Officer

BRIAN J GOODRICH

Phone

8607683300

Tax Period

2023-01-01 to 2023-12-31

FIRST CHURCH HOUSING INC, founded in 1970, is a small nonprofit that reported $951K in total revenue in fiscal year 2023. Expenses of $857K left a modest 10% surplus.

Mission

TO PROVIDE RENTAL HOUSING AND RELATED SERVICES TO ELDERLY PERSONS AND FAMILIES OF A MODERATE INCOME THAT ARE ESPECIALLY DESIGNED TO MEET THE SPIRITUAL, 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: $758,987 Revenue: $932,482

RENTAL HOUSING AND HOUSING ASSISTANCE - THE ORGANIZATION OPERATED AND MAINTAINED 75 UNITS OF LOW-INCOME HOUSING FOR THE ELDERLY.

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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 $932,482

Investment Income $14,825

Other Revenue $3,582

TOTAL REVENUE $950,889

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $758,987

Other Expenses $856,726

TOTAL EXPENSES $856,726

Year-over-Year Comparison

	2023	2022	Change
Revenue	$950,889	$898,662	+0.1%
Expenses	$856,726	$854,585	+0.0%
Net Income	$94,163	$44,077	+1.1%

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
BRIAN GOODRICH	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARGARET MACDONOUGH	VICE-PRESIDENT	0.50	Officer Director	$0	$0	$0
ALEXIS TITOR-CHIUCARELLO	SECRETARY	0.50	Officer Director	$0	$0	$0
BONNIE MAYNARD	TREASURER	0.50	Officer Director	$0	$0	$0
MIKE HOGAN	DIRECTOR	0.50	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	No data	No data	No data	No data
2023	$950,889	$856,726	$2,306,536	$94,163
2022	$898,662	$854,585	$2,280,926	$44,077
2021	$885,687	$836,127	$2,292,173	$49,560
2020	$861,595	$866,447	$2,345,035	$-4,852
2019	$842,313	$874,999	$2,310,220	$-32,686
2018	$827,468	$888,133	$2,410,918	$-60,665