Prosperity House Inc

EIN: 471990844 501(c)(3) Human Services

New Haven, CT

Total Revenue
$334,808
Total Expenses
$348,242
Total Assets
$32,312
Net Assets
$1,729
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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
CT
Principal Officer
Karen Tyson
Phone
2039088978
Tax Period
2025-01-01 to 2025-12-31

Prosperity House Inc, founded in 2014, is a small nonprofit in the Human Services sector that reported $335K in total revenue in fiscal year 2025. Revenue decreased 8% compared to the prior year.

Mission

Supportive housing, Life skills development, Peer mentoring. Education and Vocational assistance, Substance abuse counseling Case Management. Reentry Service. Spiriyual formation.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,119
Program Service Revenue $333,689
Investment Income $0
Other Revenue $0
TOTAL REVENUE $334,808

Expense Breakdown

Grants Paid $0
Salaries & Benefits $67,564
Fundraising Expenses $0
Program Expenses $348,242
Other Expenses $280,678
TOTAL EXPENSES $348,242

Year-over-Year Comparison

2025 2024 Change
Revenue $334,808 $363,915 -0.1%
Expenses $348,242 $424,981 -0.2%
Net Income $-13,434 $-61,066 -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

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Governance

Voting Members
1
Independent Members
N/A
Employees
1
Volunteers
4

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
1
$35,200
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Karen Tyson Director 40.00
Director
$35,200 $0 $35,200
Michael Robinson Maintenance 20.00
Highest
$3,000 $0 $3,000
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
2025 $334,808 $348,242 $32,312 $-13,434
2024 $363,915 $424,981 $51,348 $-61,066
2023 $398,322 $334,594 $115,114 $63,728
2023 $378,322 $330,794 $98,914 $47,528
2022 $290,735 $287,779 $53,777 $2,956
2021 $205,320 $188,503 $50,822 $16,817
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