CARABETTA CTU FOUNDATION INC

EIN: 455560074 501(c)(3) Housing & Shelter

MERIDEN, CT

Total Revenue
$388,184
Total Expenses
$364,737
Total Assets
$1,366,290
Net Assets
$1,300,364
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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
2018
Legal Domicile
CT
Principal Officer
JAMES NECKERMAN
Phone
2032377400
Tax Period
2023-01-01 to 2023-12-31

CARABETTA CTU FOUNDATION INC, founded in 2018, is a small nonprofit in the Housing & Shelter sector that reported $388K in total revenue in fiscal year 2023. Expenses of $365K left a modest 6% surplus.

Mission

TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY IN THE GREATER HARTFORD AREA.

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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 $388,180
Investment Income $4
Other Revenue $0
TOTAL REVENUE $388,184

Expense Breakdown

Grants Paid $0
Salaries & Benefits $51,408
Fundraising Expenses $0
Program Expenses $364,737
Other Expenses $313,329
TOTAL EXPENSES $364,737

Year-over-Year Comparison

2023 2022 Change
Revenue $388,184 $388,525 0.0%
Expenses $364,737 $353,878 +0.0%
Net Income $23,447 $34,647 -0.3%
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES NECKERMAN DIRECTOR 1.00
Director
$0 $0 $0
CRAIG L LALIBERTE DIRECTOR 1.00
Director
$0 $0 $0
ROGER DEZINNO DIRECTOR 1.00
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
2024 No data No data No data No data
2023 $388,184 $364,737 $1,366,290 $23,447
2022 $388,525 $353,878 $1,294,784 $34,647
2021 $366,170 $368,899 $1,340,290 $-2,729
2020 $475,851 $406,457 $1,351,222 $69,394
2019 $362,154 $399,691 $1,395,229 $-37,537
2018 $346,506 $347,742 $270,956 $-1,236
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