FAIRFIELD HOUSING CORPORATION (EIN 463309807) - 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

2014

Legal Domicile

Phone

2033666578

Tax Period

2023-01-01 to 2023-12-31

FAIRFIELD HOUSING CORPORATION, founded in 2014, is a small nonprofit in the Housing & Shelter sector that reported $511K in total revenue in fiscal year 2023. Expenses of $632K exceeded revenue, resulting in a 24% operating deficit.

Mission

To acquire, develop, manage, rehabilitate, create and preserve affordable housing opportunities for the benefit of low and moderate income individuals, families, and the elderly, to manage quality affordable housing and provide services that help low and moderate income residents to maintain and increase their independence, and to collaborate with neighboring towns to achieve these goals.

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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 $412,022

Program Service Revenue $96,637

Investment Income $1,759

Other Revenue $986

TOTAL REVENUE $511,404

Expense Breakdown

Grants Paid $0

Salaries & Benefits $124,178

Fundraising Expenses $0

Program Expenses $538,926

Other Expenses $507,407

TOTAL EXPENSES $631,585

Year-over-Year Comparison

	2023	2022	Change
Revenue	$511,404	$515,168	0.0%
Expenses	$631,585	$753,781	-0.2%
Net Income	$-120,181	$-238,613	-0.5%

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

$89,732

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL MARTIN	AuthorizedAgent	20.00	Officer	$0	$0	$89,732
CAROL LANDSMAN	President	2.00	Officer Director	$0	$0	$0
RITA WATERMAN	Secretary	2.00	Officer Director	$0	$0	$0
GERRY STUHLMAN	Treasurer/VP	2.00	Officer 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	$511,404	$631,585	$5,190,256	$-120,181
2022	$515,168	$753,781	$5,394,234	$-238,613
2021	$494,654	$532,022	$4,333,732	$-37,368
2020	$425,817	$520,092	$4,289,905	$-94,275
2019	$399,138	$504,309	$4,207,159	$-105,171
2018	$402,581	$596,069	$4,314,172	$-193,488

FAIRFIELD HOUSING CORPORATION