NATIONAL ASSOC OF HOUSING & REDEVELOPMENT OFFICIALS CONNECTICUT (EIN 521610128) - 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

1952

Legal Domicile

Principal Officer

ELIZABETH SULIK

Phone

8605084896

Tax Period

2024-01-01 to 2024-12-31

NATIONAL ASSOC OF HOUSING & REDEVELOPMENT OFFICIALS CONNECTICUT, founded in 1952, is a small nonprofit that reported $464K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $400K left a modest 14% surplus.

Mission

CONN-NAHRO OFFERS A FORUM FOR HOUSING PROFESSIONALS TO EXCHANGE IDEAS, DEVELOP STRATEGY, AND WORK IN A PARTNERSHIP WITH CONNECTICUT LEGISLATORS AND HOUSING OFFICIALS TO ENSURE THAT A DECENT, SAFE, SANITARY AND AFFORDABLE HOUSING IS WITHIN REACH FOR ALL CITIZENS OF THE STATE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $125,795

Program Service Revenue $340,097

Investment Income $4,293

Other Revenue $-6,606

TOTAL REVENUE $463,579

Expense Breakdown

Grants Paid $17,500

Salaries & Benefits $2,000

Fundraising Expenses $0

Program Expenses $370,476

Other Expenses $380,287

TOTAL EXPENSES $399,787

Year-over-Year Comparison

	2024	2023	Change
Revenue	$463,579	$373,659	+0.2%
Expenses	$399,787	$339,667	+0.2%
Net Income	$63,792	$33,992	+0.9%

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

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

$2,000

Total Directors

$2,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM VASILIOU	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT BERTRAND	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY VASILIOU	DIRECTOR	1.00	Director	$0	$0	$0
BOB WILLIAMS JR	DIRECTOR	1.00	Director	$0	$0	$0
JOHN COUNTER	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN HARRISON	DIRECTOR	1.00	Director	$0	$0	$0
ANNETTE SANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE MOLINA	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH G SCHULTZ	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA BOUCHARD	DIRECTOR	1.00	Director	$0	$0	$0
NEIL GRIFFIN JR	DIRECTOR	1.00	Director	$0	$0	$0
GREG SHPAK	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA SAYEGH	DIRECTOR	1.00	Director	$0	$0	$0
JOE D'ASCOLI	IMMEDIATE PA	1.00	Director	$0	$0	$0
JEFFREY ARN	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH SULIK	PRESIDENT	1.00	Officer Director	$2,000	$0	$2,000
JOHN D'AMELIA	VP PROF DEVE	1.00	Officer Director	$0	$0	$0
JOHN RUMBERGER	SR VICE PRES	1.00	Officer Director	$0	$0	$0
MITZY ROWE	VP COMMISSIO	1.00	Officer Director	$0	$0	$0
BETSY R SOTO	VP MEMBER SE	1.00	Officer Director	$0	$0	$0
CAROL MARTIN	VP COMMUNITY	1.00	Officer Director	$0	$0	$0
ANTHONY JOHNSON	VP HOUSING	1.00	Officer Director	$0	$0	$0
KIMBERLY HADAAD	SECRETARY	1.00	Officer Director	$0	$0	$0
SHARI RIDDICK	TREASURER	1.00	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	$463,579	$399,787	$585,963	$63,792
2023	$373,659	$339,667	$526,711	$33,992
2022	$334,680	$287,785	$489,309	$46,895
2021	$302,556	$258,176	$431,734	$44,380
2020	$178,841	$173,090	$385,387	$5,751
2019	$395,729	$388,053	$523,484	$7,676
2018	$362,625	$311,659	$592,368	$50,966

NATIONAL ASSOC OF HOUSING & REDEVELOPMENT OFFICIALS CONNECTICUT