COVENTRY PLACE INC C/O COMMUNITY RENEWAL TEAM

EIN: 412134403 501(c)(3) Housing & Shelter

HARTFORD, CT

Total Revenue
$405,533
Total Expenses
$471,250
Total Assets
$3,158,878
Net Assets
$2,887,955
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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
2004
Legal Domicile
CT
Principal Officer
JEFFREY WALSH
Phone
8605605639
Tax Period
2023-01-01 to 2023-12-31

COVENTRY PLACE INC C/O COMMUNITY RENEWAL TEAM, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $406K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $471K exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY

Program Service Accomplishments

Program 1
Expenses: $421,374 Revenue: $405,461

OPERATION OF 30-UNIT APARTMENT COMPLEX THROUGH A FEDERALLY SUBSIDIZED U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SECTION 202 PROGRAM TO SUPPORT LOW INCOME HOUSING FOR THE ELDERLY. THE PROJECT...

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OPERATION OF 30-UNIT APARTMENT COMPLEX THROUGH A FEDERALLY SUBSIDIZED U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SECTION 202 PROGRAM TO SUPPORT LOW INCOME HOUSING FOR THE ELDERLY. THE PROJECT OPERATES UNDER THE SPONSORSHIP OF COMMUNITY RENEWAL TEAM (A NOT FOR PROFIT ORGANIZATION).

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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 $0
Program Service Revenue $401,109
Investment Income $72
Other Revenue $4,352
TOTAL REVENUE $405,533

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $421,374
Other Expenses $471,250
TOTAL EXPENSES $471,250

Year-over-Year Comparison

2023 2022 Change
Revenue $405,533 $328,578 +0.2%
Expenses $471,250 $435,794 +0.1%
Net Income $-65,717 $-107,216 -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

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Governance

Voting Members
8
Independent Members
3
Employees
N/A
Volunteers
8

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
4
$397,195
Total Directors
7
$492,055
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER ROACH CHAIRPERSON 1.00
Officer Director
$0 $0 $0
MARY ROSE DIRECTOR 1.00
Director
$0 $0 $0
JAMES PESTANA JR SECRETARY/TREASURER 1.00
Officer Director
$0 $26,570 $146,120
JOSE VEGA DIRECTOR 1.00
Director
$0 $14,985 $80,588
NANCY PAPPAS DIRECTOR 1.00
Director
$0 $0 $0
JULIE ACKERMAN DIRECTOR 1.00
Director
$0 $26,734 $155,211
BRENDA RANSOM VICE CHAIRPERSON 1.00
Officer Director
$0 $3,884 $110,136
JEFFREY WALSH CFO 1.00
Officer
$0 $2,461 $140,939
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 $405,533 $471,250 $3,158,878 $-65,717
2022 $328,578 $435,794 $3,199,759 $-107,216
2021 $301,787 $388,402 $3,238,064 $-86,615
2020 $338,630 $386,822 $3,283,444 $-48,192
2019 $328,516 $424,701 $3,323,399 $-96,185
2018 $318,453 $367,692 $3,387,557 $-49,239
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