PUTNAM BAPTIST HOMES INC

EIN: 237431290 501(c)(3)

PUTNAM, CT

Total Revenue
$977,965
Total Expenses
$1,055,322
Total Assets
$2,777,941
Net Assets
$-1,261,043
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
CT
Principal Officer
STEVEN FARNER
Phone
8605640838
Tax Period
2025-01-01 to 2025-12-31

PUTNAM BAPTIST HOMES INC, founded in 1979, is a small nonprofit that reported $978K in total revenue in fiscal year 2025.

Mission

TO PROVIDE HOUSING TO ELDERLY AND OTHER ELIGIBLE LOW-INCOME TENANTS UNDER USDA RURAL DEVELOPMENT GUIDELINES.

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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%)

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Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $953,581
Investment Income $24,274
Other Revenue $110
TOTAL REVENUE $977,965

Expense Breakdown

Grants Paid $0
Salaries & Benefits $34,946
Fundraising Expenses $0
Program Expenses $1,052,784
Other Expenses $1,020,376
TOTAL EXPENSES $1,055,322

Year-over-Year Comparison

2025 2024 Change
Revenue $977,965 $931,921 +0.0%
Expenses $1,055,322 $1,060,012 0.0%
Net Income $-77,357 $-128,091 -0.4%
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

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Governance

Voting Members
7
Independent Members
7
Employees
3
Volunteers
4

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
3
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEVIN SHAW PRESIDENT 2.00
Officer Director
$0 $0 $0
GARRY BROWN SECRETARY 1.00
Officer Director
$0 $0 $0
JAMES BRESNIAK DIRECTOR 0.00
Director
$0 $0 $0
JULIE ANN DUPONT TREASURER 0.00
Officer Director
$0 $0 $0
DONALD NELSON DIRECTOR 0.00
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 $977,965 $1,055,322 $2,777,941 $-77,357
2024 $931,921 $1,060,012 $2,816,563 $-128,091
2023 $968,058 $1,041,035 $2,894,611 $-72,977
2022 $828,100 $984,380 $2,990,649 $-156,280
2021 $852,167 $1,040,577 $3,158,333 $-188,410
2020 $861,105 $918,745 $3,267,132 $-57,640
2019 $822,273 $876,496 $3,324,737 $-54,223
2018 $818,972 $956,443 $3,378,256 $-137,471
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