COMMON GROUND DEVELOPMENT CORPORATION (EIN 030494844) - 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

2002

Legal Domicile

Principal Officer

GLENN GOLDMAN

Phone

9784590551

Tax Period

2023-07-01 to 2024-06-30

COMMON GROUND DEVELOPMENT CORPORATION, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $280K in total revenue in fiscal year 2023. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $835K exceeded revenue, resulting in a 198% operating deficit.

Mission

TO DEVELOP AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME PERSONS IN THE GREATER LOWELL 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 (2023)

Revenue Breakdown

Contributions & Grants $140,664

Program Service Revenue $16,273

Investment Income $24,821

Other Revenue $98,602

TOTAL REVENUE $280,360

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $270,199

Other Expenses $834,578

TOTAL EXPENSES $834,578

Year-over-Year Comparison

	2023	2022	Change
Revenue	$280,360	$1,333,407	-0.8%
Expenses	$834,578	$652,147	+0.3%
Net Income	$-554,218	$681,260	-1.8%

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

$179,295

Total Directors

$421,351

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GLENN GOLDMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES HOGAN	TREASURER	1.00	Officer Director	$0	$0	$0
CARL HOWELL	VICE PRESIDE	1.00	Officer Director	$0	$30,745	$179,295
TIM HIRBOUR	ASSISTANT CL	1.00	Officer Director	$0	$0	$0
MARIE SWEENEY	CLERK	1.00	Officer Director	$0	$0	$0
GERMAINE VIGEANT-TRUDEL	ASSISTANT TR	1.00	Officer Director	$0	$0	$0
CHRIS HAYES	DIRECTOR	1.00	Director	$0	$0	$0
KAREN FREDERICK	DIRECTOR	1.00	Director	$0	$18,910	$242,056
ANTHONY NGANGA	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS DESCHENES	DIRECTOR	1.00	Director	$0	$0	$0
JAY V LEE	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	No data	No data	No data	No data
2024	$280,360	$834,578	$5,564,091	$-554,218
2023	$1,333,407	$652,147	$5,554,858	$681,260
2022	$854,841	$472,651	$3,841,002	$382,190
2021	$1,860,970	$652,228	$7,468,283	$1,208,742
2020	$827,814	$908,033	$5,067,560	$-80,219
2019	$574,376	$889,896	$4,852,966	$-315,520
2018	$697,181	$934,989	$4,876,940	$-237,808

COMMON GROUND DEVELOPMENT CORPORATION