Lewiston, ME
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Community Concepts Finance Corporation, founded in 2000, is a community nonprofit in the Housing & Shelter sector that reported $2.3M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.
To encourage, stimulate and promote housing development and home ownership within Maine, targeting low income families; To provide alternative financial resources for affordable housing development and low income homeownership; To provide education, training and other services supporting the development of low income housing; And to provide education and financial resources, including loans, for business and economic development activities in urban and rural low-income areas.
Housing - Creates homeowners through lending and home building and seeks development of affordable multi-family housing through various funding mechanisms. Services include lending services, credit...
Housing - Creates homeowners through lending and home building and seeks development of affordable multi-family housing through various funding mechanisms. Services include lending services, credit and home ownership education. Similar services provided in the areas of small business lending and economic development.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,349,550 | $2,055,844 | +0.1% |
| Expenses | $2,407,655 | $2,001,214 | +0.2% |
| Net Income | $-58,105 | $54,630 | -2.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Travis Frautten | Chair | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Dennis Lajoie | Vice Chair | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Lincoln Jeffers | Secretary | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Jennifer Corbet | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Steven Davis | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Peter Garcia | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| Fowsia Musse | Director | 2.00 |
Director
|
$0 | $0 | $0 |
| James Martin | CEO - CCI | 10.00 |
Officer
|
$0 | $27,238 | $220,753 |
| Laura Gormley | CFO - CCI | 10.00 |
Officer
|
$0 | $28,897 | $168,130 |
| Nathan Libby | Past President | 40.00 |
Officer
|
$0 | $14,329 | $123,342 |
| Natalie Beale | President | 40.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,349,550 | $2,407,655 | $12,924,570 | $-58,105 |
| 2023 | $2,055,844 | $2,001,214 | $12,510,089 | $54,630 |
| 2022 | $1,681,821 | $1,909,355 | $12,664,182 | $-227,534 |
| 2021 | $1,637,763 | $1,701,448 | $13,201,299 | $-63,685 |
| 2021 | $1,637,763 | $1,701,448 | $13,201,299 | $-63,685 |
| 2020 | $1,478,348 | $1,387,103 | $14,842,566 | $91,245 |
| 2019 | $1,695,287 | $1,525,258 | $14,264,999 | $170,029 |
| 2018 | $1,637,066 | $1,473,617 | $13,781,518 | $163,449 |
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