Connecticut Community Facilities Development Corp (EIN 842080575) - 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

2019

Legal Domicile

Principal Officer

Dr Gary L Townsend

Phone

8607174399

Tax Period

2023-01-01 to 2023-12-31

Connecticut Community Facilities Development Corp, founded in 2019, is a micro nonprofit in the Community Improvement sector that reported $20K in total revenue in fiscal year 2023.

Mission

To assist in the development of facilities that are beneficial for community programs.

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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 $0

Investment Income $173

Other Revenue $-20,140

TOTAL REVENUE $-19,967

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $5,250

TOTAL EXPENSES $5,250

Year-over-Year Comparison

	2023	2022	Change
Revenue	$-19,967	$-22,177	-0.1%
Expenses	$5,250	$7,356	-0.3%
Net Income	$-25,217	$-29,533	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeffrey C Nicholas JD	Former Pres&CEO	1.00	Officer Director	$0	$0	$0
John Erlingheuser	Chairman	1.00	Officer Director	$0	$0	$0
Alice Hutchinson	Treasurer	1.00	Officer Director	$0	$0	$0
Richard Jannelli	Secretary	1.00	Officer Director	$0	$0	$0
Gary Townsend	President & CEO	1.00	Officer Director	$0	$0	$0
Mary Maloney	Asst. Secretary	0.50	Officer	$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	$-19,967	$5,250	$3,373,965	$-25,217
2022	$-22,177	$7,356	$3,457,401	$-29,533
2021	$27,314	$3,596	$3,504,546	$23,718
2020	$-26,169	$12	$3,526,024	$-26,181
2019	$924,377	$46,848	$3,596,802	$877,529

Connecticut Community Facilities Development Corp