ASSISI HOMES - CONSTITUTION HOUSE INC

EIN: 364049150 501(c)(3)

DENVER, CO

Total Revenue
$3,283,127
Total Expenses
$2,922,966
Total Assets
$9,878,958
Net Assets
$-1,483,963
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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
1995
Legal Domicile
IN
Principal Officer
MARK ANGELINI
Phone
3038303300
Tax Period
2023-01-01 to 2023-12-31

ASSISI HOMES - CONSTITUTION HOUSE INC, founded in 1995, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2023. Expenses of $2.9M left a modest 11% surplus.

Mission

ASSISI HOMES - CONSTITUTION HOUSE, INC. (THE "CORPORATION") WAS ORGANIZED OCTOBER 3, 1995, AS AN ILLINOIS NON-STOCK, NONPROFIT ORGANIZATION FOR THE PURPOSE OF CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT UNDER SECTION 236 OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. THE PROJECT CONSISTS OF 232 UNITS LOCATED IN AURORA, ILLINOIS AND IS CURRENTLY OPERATING UNDER THE NAME CONSTITUTION HOUSE APARTMENTS (THE PROPERTY).

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,235,297
Program Service Revenue $948,157
Investment Income $13,546
Other Revenue $86,127
TOTAL REVENUE $3,283,127

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,843,129
Other Expenses $2,922,966
TOTAL EXPENSES $2,922,966

Year-over-Year Comparison

2023 2022 Change
Revenue $3,283,127 $3,304,261 0.0%
Expenses $2,922,966 $2,910,321 +0.0%
Net Income $360,161 $393,940 -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
N/A
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
8
$1,645,304
Total Directors
3
$704,745
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE ROSENBLUM SECRETARY/DIRECTOR 1.00
Officer Director
$0 $10,201 $232,549
KASSIDI BOENING VICE PRESIDENT/DIRECTOR 1.00
Officer Director
$0 $28,633 $172,677
MELISSA CLAYTON VICE PRESIDENT/DIRECTOR 1.00
Officer Director
$0 $33,798 $299,519
BRUCE SAAB VICE PRESIDENT (UNTIL 10/23) 1.00
Officer
$0 $13,324 $98,303
CHAD PAYNE TREASURER 1.00
Officer
$0 $8,496 $200,685
FATMAH FARRAJ VICE PRESIDENT 1.00
Officer
$0 $12,560 $177,119
MARK ANGELINI PRESIDENT 1.00
Officer
$0 $11,727 $256,820
EDGAR FLAGG III VICE PRESIDENT 1.00
Officer
$0 $26,276 $207,632
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 $3,283,127 $2,922,966 $9,878,958 $360,161
2022 $3,304,261 $2,910,321 $10,426,329 $393,940
2021 $3,207,227 $2,862,990 $10,951,706 $344,237
2020 $3,198,376 $2,787,524 $11,596,217 $410,852
2019 $3,234,122 $2,675,001 $12,736,521 $559,121
2018 $3,304,999 $2,627,585 $13,103,421 $677,414
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