CHESTERBROOK RESIDENCES INC (EIN 542052558) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

ELIZABETH LASHER

Phone

7035310781

Tax Period

2023-01-01 to 2023-12-31

CHESTERBROOK RESIDENCES INC, founded in 2001, is a community nonprofit in the Human Services sector that reported $4.7M in total revenue in fiscal year 2018. Revenue decreased 11% compared to the prior year. Expenses of $5.2M exceeded revenue, resulting in a 10% operating deficit.

Mission

TO PROVIDE, ON A NON-PROFIT BASIS, RENTAL HOUSING AND RELATED FACILITIES AND SERVICES ESPECIALLY DESIGNED TO MEET THE NEEDS OF ELDERLY PERSONS, WITHOUT REGARD TO THEIR RACIAL, SOCIAL, POLITICAL, OR RELIGIOUS BACKGROUDS, AND TO CONTRIBUTE TO THEIR HEALTH, SECURITY, HAPPINESS, AND LONGEVITY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,425

Program Service Revenue $6,687,154

Investment Income $234,363

Other Revenue $75,000

TOTAL REVENUE $7,001,942

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,515,140

Fundraising Expenses $0

Program Expenses $5,422,532

Other Expenses $2,608,087

TOTAL EXPENSES $6,123,227

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,001,942	$6,324,054	+0.1%
Expenses	$6,123,227	$5,988,367	+0.0%
Net Income	$878,715	$335,687	+1.6%

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

107

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR SCOTT BARTRAM	PRESIDENT	1.54	Officer Director	$0	$0	$0
MARSHALL J HYMAN	TREASURER	0.60	Officer Director	$0	$0	$0
NANCY REDER	SECRETARY	1.85	Officer Director	$0	$0	$0
JIM EDMONDSON	BOARD MEMBER	1.21	Director	$0	$0	$0
MARY MINTZ	BOARD MEMBER	0.15	Director	$0	$0	$0
BERNICE PORRAZZO	BOARD MEMBER	1.56	Director	$0	$0	$0
ELIZABETH LASHER	VICE PRESIDENT	0.00	Officer Director	$0	$0	$0
WENDY MAIWURM	BOARD MEMBER	0.00	Director	$0	$0	$0
ELIZABETH HEFFERON	BOARD MEMBER	0.00	Director	$0	$0	$0
PAUL ERICKSON	BOARD MEMBER	0.00	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	$7,001,942	$6,123,227	$17,205,955	$878,715
2022	$6,324,054	$5,988,367	$16,689,354	$335,687
2021	$5,863,009	$5,782,127	$17,591,600	$80,882
2020	$5,779,268	$5,631,020	$17,424,377	$148,248
2019	$5,575,391	$5,553,022	$17,038,035	$22,369
2018	$4,748,811	$5,232,015	$16,624,406	$-483,204

CHESTERBROOK RESIDENCES INC