VILLAGE AT ASCENSION HEIGHTS INC C/O CORNERSTONE CORPORATION

EIN: 861115165 501(c)(3) Housing & Shelter

WESTWOOD, MA

Total Revenue
$426,988
Total Expenses
$561,343
Total Assets
$3,716,616
Net Assets
$-2,264,490
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
MA
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 PRIMARY MISSION IS TO PROVIDE AFFORDABLE HOUSING TO QUALIFIED INDIVIDUALS IN THE WORCESTER, MASSACHUSETTS AREA, IN ACCORDANCE WITH THE UNITED STATES DEPARTMENT OF HOUSING & URBAN DEVELOPMENT GUIDELINES.

Program Service Accomplishments

Program 1
Expenses: $480,172 Revenue: $413,408

TO PROVIDE 35 APARTMENT UNITS OF LOW-INCOME ELDERLY HOUSING IN WORCESTER, MASSACHUSETTS. RENT SUBSIDIES ARE RECEIVED FROM THE U.S. DEPARTMENT OF HOUSING & URBAN DEVELOPMENT AGENCY.

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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 (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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
8

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
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
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