HEARTHSTONE CONGREGATE HOUSING (EIN 470746808) - 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

1991

Legal Domicile

Phone

4023620460

Tax Period

2023-01-01 to 2023-12-31

HEARTHSTONE CONGREGATE HOUSING, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $227K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $202K left a modest 11% surplus.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND OR HANDICAPPED

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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 $128,586

Program Service Revenue $92,171

Investment Income $5,786

Other Revenue $0

TOTAL REVENUE $226,543

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $183,465

Other Expenses $201,723

TOTAL EXPENSES $201,723

Year-over-Year Comparison

	2023	2022	Change
Revenue	$226,543	$304,153	-0.3%
Expenses	$201,723	$195,911	+0.0%
Net Income	$24,820	$108,242	-0.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
CHARLES HARRIS	CHAIRPERSON	Director	$0	$0	$0
SHIRLEY WITTE	SECRETARY	Director	$0	$0	$0
KRISTIE HOLOCH	BOARD MEMBER	Director	$0	$0	$0
CANDY OTTE	BOARD MEMBER	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
2023	$226,543	$201,723	$708,673	$24,820
2022	$199,098	$197,279	$694,037	$1,819
2021	$170,645	$181,626	$582,881	$-10,981
2020	$191,935	$184,502	$602,316	$7,433

HEARTHSTONE CONGREGATE HOUSING