201 THURBERS 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

2007

Legal Domicile

Principal Officer

CARLA DESTEFANO

Phone

4012720526

Tax Period

2023-01-01 to 2023-12-31

201 THURBERS INC, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $221K in total revenue in fiscal year 2023. Expenses of $342K exceeded revenue, resulting in a 54% operating deficit.

Mission

A NON-PROFIT CORPORATION ORGANIZATION UNDER THE LAWS OF RHODE ISLAND, FOR THE PURPOSE OF ACQUIRING AND OPERATING A 22 UNIT APARTMENT COMPLEX LOCATED IN PROVIDENCE, RHODE ISLAND. THE APARTMENT COMPLEX IS OPERATED TO PROVIDE LOW INCOME HOUSING TO THE ELDERLY.

Program Service Accomplishments

Program 1

Expenses: $278,663 Revenue: $66,731

TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES ESPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH...

TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES ESPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.

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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 $152,072

Program Service Revenue $66,731

Investment Income $2,241

Other Revenue $251

TOTAL REVENUE $221,295

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $278,663

Other Expenses $341,539

TOTAL EXPENSES $341,539

Year-over-Year Comparison

	2023	2022	Change
Revenue	$221,295	$225,555	0.0%
Expenses	$341,539	$314,514	+0.1%
Net Income	$-120,244	$-88,959	+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

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

$157,403

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIGUEL QUEZADA	PRESIDENT	0.50	Officer Director	$0	$0	$0
PETER BORTOLOTTI	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
NANCY WHIT	SECRETARY	0.50	Officer Director	$0	$0	$0
PAUL DUMOCHELE	TREASURER	0.50	Officer Director	$0	$0	$0
FABIOLA BRUNACHE	MEMBER	0.50	Director	$0	$0	$0
NANCY HOWARD	MEMBER	0.50	Director	$0	$0	$0
GRAHAM KILVERT	MEMBER	0.50	Director	$0	$0	$0
CLARIBEL MEJIA	MEMBER	0.50	Director	$0	$0	$0
JOHN PRINCE	MEMBER	0.50	Director	$0	$0	$0
GAYLE RODGERS	MEMBER	0.50	Director	$0	$0	$0
CARLA DESTEFANO	EXECUTIVE DIRECTOR	0.50	Officer	$0	$10,257	$157,403

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	$221,295	$341,539	$2,708,616	$-120,244
2022	$225,555	$314,514	$2,780,526	$-88,959
2021	$219,083	$307,188	$2,836,764	$-88,105
2020	$213,926	$302,548	$2,923,531	$-88,622
2019	$215,713	$314,382	$3,006,886	$-98,669
2018	$212,750	$278,195	$3,116,787	$-65,445