LEE CENTRAL ENRICHED HOUSING INC C/O HEARTHWAY INC

EIN: 550814215 501(c)(3) Housing & Shelter

PITTSFIELD, MA

Total Revenue
$514,405
Total Expenses
$714,233
Total Assets
$3,054,630
Net Assets
$-3,190,234
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
MA
Principal Officer
JEFFREY MENKES
Phone
4134991630
Tax Period
2024-01-01 to 2024-12-31

LEE CENTRAL ENRICHED HOUSING INC C/O HEARTHWAY INC, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $514K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $714K exceeded revenue, resulting in a 39% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY.

Program Service Accomplishments

Program 1
Expenses: $602,941 Revenue: $508,008

THE ORGANIZATION PROVIDES 38 UNITS OF LOW INCOME HOUSING FOR THE ELDERLY. PROJECT RENTAL ASSISTANCE IS AVAILABLE FOR 37 APARTMENTS IN THE PROJECT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $508,008
Investment Income $6,397
Other Revenue $0
TOTAL REVENUE $514,405

Expense Breakdown

Grants Paid $0
Salaries & Benefits $107,469
Fundraising Expenses $0
Program Expenses $602,941
Other Expenses $606,764
TOTAL EXPENSES $714,233

Year-over-Year Comparison

2024 2023 Change
Revenue $514,405 $445,509 +0.2%
Expenses $714,233 $658,970 +0.1%
Net Income $-199,828 $-213,461 -0.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
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
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY MENKES PRESIDENT 0.00
Officer Director
$0 $0 $0
BRUCE BERNSTEIN VICE PRESIDENT 0.00
Officer Director
$0 $0 $0
GEORGETTE KINNEY TREASURER 0.00
Officer Director
$0 $0 $0
JACOB DABROWSKI BOARD MEMBER (THROUGH OCTOBER 2024) 0.00
Director
$0 $0 $0
RANDY BURDICK BOARD MEMBER (THROUGH MARCH 2024) 0.00
Director
$0 $0 $0
CHRISTOPHER MCLAUGHLIN NON-VOTING MEMBER 0.00
Director
$0 $0 $0
MARK KIM NON-VOTING MEMBER 0.00
Director
$0 $0 $0
PATRICIA CARLINO BOARD MEMBER 0.00
Director
$0 $0 $0
RHONA HETSRONY 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 $514,405 $714,233 $3,054,630 $-199,828
2023 $445,509 $658,970 $3,217,043 $-213,461
2022 $533,441 $612,197 $3,433,980 $-78,756
2021 $436,119 $623,069 $3,508,671 $-186,950
2020 $436,417 $630,747 $3,695,918 $-194,330
2019 $409,424 $603,428 $3,876,013 $-194,004
2018 $407,786 $587,212 $4,072,829 $-179,426
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