VILLAGE AT ASCENSION HEIGHTS INC C/O CORNERSTONE CORPORATION (EIN 861115165) - 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

2004

Legal Domicile

Principal Officer

PAUL J TRYDER

Phone

7814072100

Tax Period

2025-01-01 to 2025-12-31

VILLAGE AT ASCENSION HEIGHTS INC C/O CORNERSTONE CORPORATION, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $427K in total revenue in fiscal year 2025. Expenses of $561K exceeded revenue, resulting in a 31% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE AFFORDABLE HOUSING TO QUALIFIED INDIVIDUALS IN WORCESTER, MASSACHUSETTS, AND IN ACCORDANCE WITH THE UNITED STATES DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT GUIDELINES. ITS MOST SIGNIFICANT ACTIVITY IS TO PROVIDE 35 APARTMENT UNITS OF LOW INCOME HOUSING TO QUALIFYING INDIVIDUALS IN THE WORCESTER, MASSACHUSETTS AREA.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $413,408

Investment Income $13,580

Other Revenue $0

TOTAL REVENUE $426,988

Expense Breakdown

Grants Paid $0

Salaries & Benefits $85,055

Fundraising Expenses $0

Program Expenses $480,172

Other Expenses $476,288

TOTAL EXPENSES $561,343

Year-over-Year Comparison

	2025	2024	Change
Revenue	$426,988	$427,011	0.0%
Expenses	$561,343	$598,277	-0.1%
Net Income	$-134,355	$-171,266	-0.2%

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
MADDEN FR JOHN F	PRESIDENT	2.00	Officer Director	$0	$0	$0
PALMER CHRISTOPHER	TREASURER	2.00	Officer Director	$0	$0	$0
LAURIE LORRAINE	SECRETARY	2.00	Officer Director	$0	$0	$0
ANGERS JEANNE	DIRECTOR	1.00	Director	$0	$0	$0
FRESOLO JOHN	DIRECTOR	1.00	Director	$0	$0	$0
SCHWAB MAUREEN	DIRECTOR	1.00	Director	$0	$0	$0
SIMONCINI KENNETH	DIRECTOR	1.00	Director	$0	$0	$0
SKRZEK SANDRA	DIRECTOR	1.00	Director	$0	$0	$0
TESTA MICHAEL	DIRECTOR	1.00	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
2025	$426,988	$561,343	$3,716,616	$-134,355
2024	No data	No data	No data	No data
2023	$523,747	$548,169	$3,931,637	$-24,422
2022	$370,160	$560,819	$3,962,717	$-190,659
2021	$412,270	$525,270	$4,157,546	$-113,000
2020	$370,531	$462,254	$4,266,565	$-91,723
2019	$374,339	$457,936	$4,351,953	$-83,597
2018	$358,707	$461,206	$4,418,998	$-102,499

VILLAGE AT ASCENSION HEIGHTS INC C/O CORNERSTONE CORPORATION