CORNWALL ELDERLY HOUSING CORPORATION

EIN: 273932792 501(c)(3) Housing & Shelter

CORNWALL, CT

Total Revenue
$178,234
Total Expenses
$265,429
Total Assets
$2,449,866
Net Assets
$2,373,549
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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
2010
Legal Domicile
CT
Principal Officer
PATRICK MULBERRY
Phone
8606724439
Tax Period
2024-07-01 to 2025-06-30

CORNWALL ELDERLY HOUSING CORPORATION, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $178K in total revenue in fiscal year 2024. Expenses of $265K exceeded revenue, resulting in a 49% operating deficit.

Mission

TO PROVIDE LOW INCOME ELDERLY HOUSING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $178,212
Investment Income $22
Other Revenue $0
TOTAL REVENUE $178,234

Expense Breakdown

Grants Paid $0
Salaries & Benefits $27,704
Fundraising Expenses $0
Program Expenses $228,799
Other Expenses $237,725
TOTAL EXPENSES $265,429

Year-over-Year Comparison

2024 2023 Change
Revenue $178,234 $186,021 0.0%
Expenses $265,429 $264,423 +0.0%
Net Income $-87,195 $-78,402 +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

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Governance

Voting Members
3
Independent Members
3
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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOY WYATT SECRETARY 2.00
Officer Director
$0 $0 $0
PATRICK MULBERRY PRESIDENT 2.00
Officer Director
$0 $0 $0
LYNN SCOVILLE DIRECTOR 2.00
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 $178,234 $265,429 $2,449,866 $-87,195
2024 No data No data No data No data
2023 $195,667 $252,449 $2,592,932 $-56,782
2022 $167,890 $238,240 $2,643,873 $-70,350
2021 $174,882 $237,173 $2,702,420 $-62,291
2020 $158,062 $237,200 $2,781,121 $-79,138
2019 $156,698 $244,362 $2,869,327 $-87,664
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