HARBORLIGHT COMMUNITY PARTNERS INC (EIN 042313571) - 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

1964

Legal Domicile

Principal Officer

ANDREW DEFRANZA

Phone

9782221305

Tax Period

2024-01-01 to 2024-12-31

HARBORLIGHT COMMUNITY PARTNERS INC, founded in 1964, is a mid-sized nonprofit in the Housing & Shelter sector that reported $12.0M in total revenue in fiscal year 2024. The organization ran a surplus of $6.5M, a strong 54% operating margin.

Mission

HARBORLIGHT COMMUNITY PARTNERS PROVIDES AFFORDABLE HOUSING WITH SERVICES PRIMARILY FOR LOW AND MODERATE INCOME POPLE IN SOURTHERN ESSEX COUNTY, IN ADDITION, IT PROVIDES PROVIDES PROPERTY MANAGEMENT AND OTHER SERVICES TO NON-PROFIT ORGANIZATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $4,282,332

Program Service Revenue $4,772,509

Investment Income $1,015,554

Other Revenue $1,940,940

TOTAL REVENUE $12,011,335

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,487,869

Fundraising Expenses $376,047

Program Expenses $5,007,543

Other Expenses $1,978,928

TOTAL EXPENSES $5,466,797

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,011,335	$12,076,764	0.0%
Expenses	$5,466,797	$4,582,450	+0.2%
Net Income	$6,544,538	$7,494,314	-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

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

$712,851

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABU POPPIN	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA NINA-SOTO	DIRECTOR	1.00	Director	$0	$0	$0
DANE POESKE	DIRECTOR	1.00	Director	$0	$0	$0
ISIS PATTERSON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN THOMSON	TREASURER	1.00	Officer Director	$0	$0	$0
KEVIN NOYES	DIRECTOR	1.00	Director	$0	$0	$0
KURT JAMES	CLERK	1.00	Officer Director	$0	$0	$0
MICHAEL SCHAAF	DIRECTOR	1.00	Director	$0	$0	$0
PAM CONSTANTINE	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RICK ALPERN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT GILLIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
TRACEY ARMSTRONG	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM SCANLON	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW DEFRANZA	EXECUTIVE DIRECTOR	40.00	Officer	$442,877	$24,789	$467,666
TIMOTHY DONOVAN	COO	40.00	Officer	$221,257	$23,928	$245,185
ANDREW LEONARD	ASSISTANT DIRECTOR OF REAL ESTATE DEVELOPMENT	40.00	Highest	$143,151	$18,556	$161,707
JONATHAN DAY	DIRECTOR OF ACCOUNTING	40.00	Highest	$161,852	$12,145	$173,997
KRISTEN CARLSON	DIRECTOR OF REAL ESTATE DEVELOPMENT	40.00	Highest	$264,489	$12,804	$277,293
CHRISTINE VINCENTI	DIRECTOR OF PORTFOLIO MANAGEMENT AND STRATEGY	40.00	Highest	$230,800	$15,253	$246,053
MICHELLE VARGA	DIRECTOR OF PROPERTY MANAGEMENT	40.00	Highest	$132,544	$5,109	$137,653

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	$12,011,335	$5,466,797	$71,514,510	$6,544,538
2023	$12,076,764	$4,582,450	$61,189,440	$7,494,314
2022	$8,936,259	$3,879,686	$40,145,784	$5,056,573
2021	$4,816,707	$3,053,522	$27,724,505	$1,763,185
2020	$3,657,636	$2,362,795	$27,502,783	$1,294,841
2019	$2,615,962	$2,418,092	$21,578,465	$197,870
2018	$3,806,450	$3,350,607	$19,757,193	$455,843

HARBORLIGHT COMMUNITY PARTNERS INC