SHELTER HOUSE COMMUNITY SHELTER AND TRANSITION SERVICES (EIN 421231451) - 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

1983

Legal Domicile

Principal Officer

CHRISTINA CANGANELLI

Phone

3193510326

Tax Period

2023-01-01 to 2023-12-31

SHELTER HOUSE COMMUNITY SHELTER AND TRANSITION SERVICES, founded in 1983, is a community nonprofit that reported $8.8M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 32% operating margin.

Mission

THROUGH SHELTER AND HOUSING, ADVOCACY AND SUPPORTIVE SERVICES, OUR MISSION IS TO PREVENT AND END HOMELESSNESS IN OUR COMMUNITY.

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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 $7,958,190

Program Service Revenue $816,326

Investment Income $-2,006

Other Revenue $54,077

TOTAL REVENUE $8,826,587

Expense Breakdown

Grants Paid $1,260,258

Salaries & Benefits $3,455,223

Fundraising Expenses $214,949

Program Expenses $5,360,470

Other Expenses $1,313,817

TOTAL EXPENSES $6,029,298

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,826,587	$6,724,178	+0.3%
Expenses	$6,029,298	$5,321,055	+0.1%
Net Income	$2,797,289	$1,403,123	+1.0%

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

151

Volunteers

220

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

$252,398

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINA CANGANELLI	EXECUTIVE DIRECTOR	40.00	Officer	$147,451	$17,642	$165,093
STEVEN BOYD	DIRECTOR OF FINANCE	40.00	Officer	$74,880	$12,425	$87,305
CHARLES BERMINGHAM	PRESIDENT	1.00	Officer Director	$0	$0	$0
CARRIE NORTON	PAST PRESIDENT	1.00	Officer Director	$0	$0	$0
DAN BAILEY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
SCOTT ENYART	TREASURER	1.00	Officer Director	$0	$0	$0
DOTTIE PERSSON	SECRETARY	1.00	Officer Director	$0	$0	$0
MARIE ADAMS	DIRECTOR	0.50	Director	$0	$0	$0
AMINATA TAYLOR	DIRECTOR	0.50	Director	$0	$0	$0
PHIL O'BRIEN	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER WENDTGEISLER	DIRECTOR	0.50	Director	$0	$0	$0
STEVE SCHORNHORST	DIRECTOR	0.50	Director	$0	$0	$0
THAD ABRAMS	DIRECTOR	0.50	Director	$0	$0	$0
JACE BISGARD	DIRECTOR	0.50	Director	$0	$0	$0
NIKI PROM	DIRECTOR	0.50	Director	$0	$0	$0
TIM REUTER	DIRECTOR	0.50	Director	$0	$0	$0
TERESA WEINER	DIRECTOR	0.50	Director	$0	$0	$0
NANA SA-AADU	DIRECTOR	0.50	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
2024	No data	No data	No data	No data
2023	$8,826,587	$6,029,298	$18,796,945	$2,797,289
2022	$6,724,178	$5,321,055	$17,037,879	$1,403,123
2021	$7,662,682	$4,651,894	$15,016,945	$3,010,788
2020	$3,696,508	$3,525,689	$10,034,701	$170,819
2019	$3,743,625	$3,097,200	$9,339,415	$646,425
2018	$5,035,780	$2,576,937	$8,300,888	$2,458,843

SHELTER HOUSE COMMUNITY SHELTER AND TRANSITION SERVICES