MHA FAIRFIELD COMMONS I INC (EIN 274315350) - Form 990 Financial Analysis & Trantor Score

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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

Phone

2033596940

Tax Period

2024-01-01 to 2024-12-31

MHA FAIRFIELD COMMONS I INC, founded in 2010, is a micro nonprofit in the Housing & Shelter sector that reported $90K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $109K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PROVIDE SIX (6) UNITS OF AFFORDABLE SUPPORTIVE HOUSING IN STAMFORD, CT FOR CHRONICALLY ILL INDIVIDUALS IN NEED OF SUPPORTIVE SERVICES WITH INCOME MEETING THE REQUIREMENTS OF HUD'S SECTION 811 PROGRAM, WHICH REQUIRES THAT A RESIDENT'S INCOME BE LESS THAN FIFTY PERCENT (50%) OF THE AREA MEDIAN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $59,039

Program Service Revenue $30,572

Investment Income $38

Other Revenue $482

TOTAL REVENUE $90,131

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $103,754

Other Expenses $108,919

TOTAL EXPENSES $108,919

Year-over-Year Comparison

	2024	2023	Change
Revenue	$90,131	$95,986	-0.1%
Expenses	$108,919	$120,248	-0.1%
Net Income	$-18,788	$-24,262	-0.2%

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
JENNIFER CHADWICK	President	1.00	Officer Director	$0	$0	$0
ALAN FERNANDES	Director	0.00	Director	$0	$0	$0
NICHOLOS LOCOCO	Treasurer	1.00	Officer Director	$0	$0	$0
NATALIE CASTRO	Director	1.00	Director	$0	$0	$0
MARK SCHNEIDER	Director	0.00	Director	$0	$0	$0
KEVIN PALUMBERI	Director	1.00	Director	$0	$0	$0
ALICIA JOHNSON	Director	1.00	Director	$0	$0	$0
THERESA KORIN	Vice President	1.00	Officer Director	$0	$0	$0
EURANIA ALICEA	Director	1.00	Director	$0	$0	$0
ERIKA ALEXANDER	Director	1.00	Director	$0	$0	$0
CAROLYN SHARD	Director	0.00	Director	$0	$0	$0
VALERIE ROSENSON	Secretary	1.00	Officer Director	$0	$0	$0
CAMERON BUDAY	Director	1.00	Director	$0	$0	$0
CRYSTAL ENGRAM	Director	1.00	Director	$0	$0	$0
RENEE DOBOS	EXECUTIVE DIRECTOR	1.00		$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	$90,131	$108,919	$1,412,677	$-18,788
2023	$95,986	$120,248	$1,447,985	$-24,262
2022	$88,162	$126,812	$1,475,412	$-38,650
2021	$86,400	$116,719	$1,501,716	$-30,319
2020	$90,903	$119,844	$1,536,950	$-28,941
2019	$75,479	$101,658	$1,646,984	$-26,179
2018	$68,040	$93,765	$1,667,680	$-25,725

MHA FAIRFIELD COMMONS I INC