BARRE HOUSING SERVICES INC

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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

2013

Principal Officer

JAIME CHIOLDI

Phone

8024763185

Tax Period

2023-01-01 to 2023-12-31

BARRE HOUSING SERVICES INC, founded in 2013, is a small nonprofit in the Housing & Shelter sector that reported $236K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $309K exceeded revenue, resulting in a 31% operating deficit.

Mission

BARRE HOUSING SERVICES, INC. THROUGH ITS CITY HOTEL CAFE IS THE MEALS ON WHEELS PROGRAM FOR CENTRAL VERMONT. ITS MISSION IS TO PROVIDE NUTRITIOUS MEALS, FRIENDLY VISITS AND SAFETEY CHECKS THAT ENABLE ELDERLY AND DISABLED INDIVIDUALS LIVING IN CENTRAL VERMONT TO REMAIN IN THEIR HOMES AND LIVE NOURISHED LIVES WITH INDEPENDENCE AND DIGNITY.

Program Service Accomplishments

Program 1

Expenses: $306,081

THE CITY HOTEL CAFE (LOCAL MEALS-ON-WHEELS PROGRAM OF BARRE HOUSING SERVICES, INC.) SERVED 43,838 MEALS TO ELDERS AND YOUNGER ADULTS WITH DISABILITIES RESIDING WITHIN BARRE CITY, BARRE...

THE CITY HOTEL CAFE (LOCAL MEALS-ON-WHEELS PROGRAM OF BARRE HOUSING SERVICES, INC.) SERVED 43,838 MEALS TO ELDERS AND YOUNGER ADULTS WITH DISABILITIES RESIDING WITHIN BARRE CITY, BARRE TOWN,WILLIAMSTOWN, WASHINGTON, ORANGE, AND BERLIN, VERMONT. THE PROGRAM HELPS KEEP PERSONS AT RISK OF BEING INSTITUTIONALIZED IN NURSING HOMES, SAFE IN THEIR OWN HOMES OR APARTMENTS. ONE THIRD OF THE PEOPLE SERVED BY THIS PROGRAM LIVE IN POVERTY, TWO THIRDS LIVE ALONE, OVER HALF ARE WOMEN AND MANY ARE WELL INTO THEIR 90'S. MOST ALL OF OUR PARTICIPANTS ARE ALSO COPING WITH ONE OR MORE CHRONIC ILLNESS CONDITIONS.

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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 $196,691

Program Service Revenue $39,117

Investment Income $0

Other Revenue $0

TOTAL REVENUE $235,808

Expense Breakdown

Grants Paid $0

Salaries & Benefits $215,931

Fundraising Expenses $0

Program Expenses $306,081

Other Expenses $93,033

TOTAL EXPENSES $308,964

Year-over-Year Comparison

	2023	2022	Change
Revenue	$235,808	$269,141	-0.1%
Expenses	$308,964	$300,923	+0.0%
Net Income	$-73,156	$-31,782	+1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARYELLEN LAPERLE	COMMISSIONER	N/A	Director	$0	$0	$0
FRANCIS MCFAUN	COMMISSIONER	N/A	Director	$0	$0	$0
CHARLES CASTLE	PRESIDENT	N/A	Officer	$0	$0	$0
ED ROUSSE	COMMISSIONER	N/A	Director	$0	$0	$0
LINDA LONG	COMMISSIONER	N/A	Director	$0	$0	$0
JAIME CHIOLDI	EXECUTIVE DI	N/A	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	$235,808	$308,964	$163,368	$-73,156
2022	$269,141	$300,923	$237,773	$-31,782
2021	$370,556	$286,946	$229,460	$83,610
2020	$343,520	$236,940	$119,205	$106,580
2019	$259,671	$237,010	$33,508	$22,661
2018	$230,896	$234,888	$20,576	$-3,992