CATHEDRAL GREEN 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

2006

Legal Domicile

Principal Officer

RICHARD BRAAM

Phone

8605416491

Tax Period

2023-01-01 to 2023-12-31

CATHEDRAL GREEN INC, founded in 2006, is a small nonprofit that reported $484K in total revenue in fiscal year 2023. Expenses of $1.2M exceeded revenue, resulting in a 145% operating deficit.

Mission

TO LEASE AND IMPROVE A 28 UNIT APARTMENT COMPLEX TO PROVIDE SUPPORTIVE AND AFFORDABLE HOUSING IN HARTFORD, CT, ALONG WITH SUPPORTIVE SOCIAL SERVICES.

Program Service Accomplishments

Program 1

Expenses: $746,507 Revenue: $459,585

TO PROVIDE HOUSING FOR FAMILIES IN DIRE NEED AND STRUGGLING WITH VARIOUS FORMS OF ABUSE.

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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 $445,768

Investment Income $24,284

Other Revenue $13,817

TOTAL REVENUE $483,869

Expense Breakdown

Grants Paid $0

Salaries & Benefits $57,072

Fundraising Expenses $0

Program Expenses $746,507

Other Expenses $1,128,151

TOTAL EXPENSES $1,185,223

Year-over-Year Comparison

	2023	2022	Change
Revenue	$483,869	$469,906	+0.0%
Expenses	$1,185,223	$1,209,459	0.0%
Net Income	$-701,354	$-739,553	-0.1%

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

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
REVEREND STEVEN BOGUSLAWSKI	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID BLACKWELL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RICHARD BRAAM	TREASURER	1.00	Officer Director	$0	$0	$0
MAREK KUKULKA	SECRETARY	1.00	Officer Director	$0	$0	$0
REVEREND JOHN MELNICK	DIRECTOR	1.00	Director	$0	$0	$0
KEN JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
PAUL CONNERY	DIRECTOR	1.00	Director	$0	$0	$0
DEAN WALFORD	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM SAWICKI	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	No data	No data	No data	No data
2023	$483,869	$1,185,223	$4,726,290	$-701,354
2022	$469,906	$1,209,459	$5,074,690	$-739,553
2021	$456,540	$1,129,579	$5,458,445	$-673,039
2020	$468,124	$1,144,949	$5,838,929	$-676,825
2019	$505,490	$1,043,165	$6,163,962	$-537,675
2018	$473,302	$1,095,436	$6,381,915	$-622,134