BEDFORD VETERANS QUARTERS INC

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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

2006

Legal Domicile

Principal Officer

FRANK CONNELL

Phone

7818431242

Tax Period

2023-01-01 to 2023-12-31

BEDFORD VETERANS QUARTERS INC, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $646K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $920K exceeded revenue, resulting in a 43% operating deficit.

Mission

PROVIDING HOMELESS AND OTHER LOW INCOME VETERANS OF THE U.S. ARMED SERVICES WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR HEALTH, PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE SUCH FACILITIES AND SERVICES.

Program Service Accomplishments

Program 1

Expenses: $859,075 Revenue: $645,463

SINGLE ROOM OCCUPANCY HOUSING WITH SHARED KITCHEN, BATHROOM, AND SOCIAL SPACES.

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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 $0

Program Service Revenue $644,463

Investment Income $61

Other Revenue $1,000

TOTAL REVENUE $645,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $859,075

Other Expenses $920,375

TOTAL EXPENSES $920,375

Year-over-Year Comparison

	2023	2022	Change
Revenue	$645,524	$575,961	+0.1%
Expenses	$920,375	$871,898	+0.1%
Net Income	$-274,851	$-295,937	-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

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

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

$591,579

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL CHURCHILL	CHAIR	0.10	Officer Director	$0	$0	$0
ROBERLYNE CHERFILS	VICE CHAIR	0.10	Officer Director	$0	$0	$0
ROBERT MAULDEN	TREASURER	0.10	Officer Director	$0	$0	$0
MAURA MURPHY	CLERK	0.10	Officer Director	$0	$0	$0
MICHAEL BINETTE	DIRECTOR	0.10	Director	$0	$0	$0
YASMINE BOUCHRARA	DIRECTOR	0.10	Director	$0	$0	$0
JOHN BRENNAN III	DIRECTOR	0.10	Director	$0	$0	$0
KATIE CATLENDER	DIRECTOR	0.10	Director	$0	$0	$0
R DUANE CLARK II	DIRECTOR	0.10	Director	$0	$0	$0
TIM CORCORAN	DIRECTOR	0.10	Director	$0	$0	$0
OLIVIA GOUGH	DIRECTOR	0.10	Director	$0	$0	$0
DAVID GREENBLATT	DIRECTOR	0.10	Director	$0	$0	$0
DARSHI DUPEE	DIRECTOR	0.10	Director	$0	$0	$0
WILLIAM MCLAUGHLIN	DIRECTOR	0.10	Director	$0	$0	$0
KEVIN O'FLAHERTY ESQ	DIRECTOR	0.10	Director	$0	$0	$0
TOM PALMER	DIRECTOR	0.10	Director	$0	$0	$0
KARIN CASSEL MITTERANDO	FORMER EXECUTIVE DIRECTOR	2.50	Officer	$0	$16,933	$151,488
MICHAEL C LEE	FORMER CFO	2.50	Officer	$0	$5,994	$131,923
FRANK CONNELL	EXECUTIVE DIRECTOR	2.50	Officer	$0	$29,252	$150,996
GREG RITTCHEN	CFO	2.50	Officer	$0	$10,264	$157,172
AMY MENEELY	DIRECTOR OF FUND DEV. & COMM.	2.50	Highest	$0	$2,308	$109,799
THOMAS M NEE	SENIOR DIRECTOR OF OPERATIONS	2.50	Highest	$0	$29,252	$149,187

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	$645,524	$920,375	$2,381,184	$-274,851
2022	$575,961	$871,898	$1,931,994	$-295,937
2021	$747,756	$912,810	$2,174,369	$-165,054
2020	$710,220	$1,145,374	$2,253,433	$-435,154
2019	$635,614	$744,878	$2,551,395	$-109,264
2018	$762,128	$674,882	$2,667,633	$87,246