LOWELL DEVELOPMENT & FINANCIAL CORP

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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

1975

Legal Domicile

Principal Officer

KARA DOYLE

Phone

9784599899

Tax Period

2024-07-01 to 2025-06-30

LOWELL DEVELOPMENT & FINANCIAL CORP, founded in 1975, is a small nonprofit in the Community Improvement sector that reported $431K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $1.1M exceeded revenue, resulting in a 151% operating deficit.

Mission

TO PROMOTE LOWELL'S ECONOMIC REVITALIZATION BY PROVIDING SECONDARY FINANCING FOR THE REHABILITATION AND ACQUISITION OF PROPERTIES IN LOWELL.

Program Service Accomplishments

Program 1

Expenses: $334,863 Revenue: $138,832

PROGRAM SERVICE ACTIVITY INVOLVES THE LENDING OF MONEY (SECURED BY MORTGAGE NOTES) AT BELOW MARKET RATES OF INTEREST FOR COMMERCIAL AND RESIDENTIAL BUILDINGS.

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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 $37,730

Program Service Revenue $138,832

Investment Income $126,370

Other Revenue $127,631

TOTAL REVENUE $430,563

Expense Breakdown

Grants Paid $0

Salaries & Benefits $254,829

Fundraising Expenses $0

Program Expenses $334,863

Other Expenses $824,849

TOTAL EXPENSES $1,079,678

Year-over-Year Comparison

	2024	2023	Change
Revenue	$430,563	$458,536	-0.1%
Expenses	$1,079,678	$500,786	+1.2%
Net Income	$-649,115	$-42,250	+14.4%

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

N/A

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

$151,566

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLISON LAMEY	EXECUTIVE DI	35.00	Officer	$137,787	$13,779	$151,566
JAMES HOGAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
KARA DOYLE	TREASURER	5.00	Officer Director	$0	$0	$0
ANI VONG	CLERK	5.00	Officer Director	$0	$0	$0
YUN-JU CHOI	DIRECTOR	N/A	Director	$0	$0	$0
SHANNON ARENBURG	DIRECTOR	N/A	Director	$0	$0	$0
YOVANI BAEZ-ROSE	DIRECTOR	N/A	Director	$0	$0	$0
TREVOR BLOOM	DIRECTOR	N/A	Director	$0	$0	$0
JANE CALVIN	DIRECTOR	N/A	Director	$0	$0	$0
GARY CAMPBELL	DIRECTOR	N/A	Director	$0	$0	$0
PAUL CAREY	DIRECTOR	N/A	Director	$0	$0	$0
JULIE CHEN	DIRECTOR	N/A	Director	$0	$0	$0
DANIEL FIELD	DIRECTOR	N/A	Director	$0	$0	$0
JULIE GALONSKA	DIRECTOR	N/A	Director	$0	$0	$0
ROBERT GILMAN	DIRECTOR	N/A	Director	$0	$0	$0
THOMAS GOLDEN	DIRECTOR	N/A	Director	$0	$0	$0
RAYMOND HAMILTON	DIRECTOR	N/A	Director	$0	$0	$0
STACIE HARGIS	DIRECTOR	N/A	Director	$0	$0	$0
EDWARD KENNEDY	DIRECTOR	N/A	Director	$0	$0	$0
JAMES LINNEHAN JR	DIRECTOR	N/A	Director	$0	$0	$0
DEBORAH MCADAMS	DIRECTOR	N/A	Director	$0	$0	$0
DANIELLE MCFADDEN	DIRECTOR	N/A	Director	$0	$0	$0
CATHY MERCADO	DIRECTOR	N/A	Director	$0	$0	$0
ANOTHNY NGANGA	DIRECTOR	N/A	Director	$0	$0	$0
MARYANN PICARD	DIRECTOR	N/A	Director	$0	$0	$0
JENNIFER RAITT	DIRECTOR	N/A	Director	$0	$0	$0
PHILIP SISSON	DIRECTOR	N/A	Director	$0	$0	$0
JAMES WILDE	DIRECTOR	N/A	Director	$0	$0	$0
PARKER WILLIAMS	DIRECTOR	N/A	Director	$0	$0	$0
MARIA ZEQO	DIRECTOR	N/A	Director	$0	$0	$0
PATTY WILSON	DIRECTOR	N/A	Director	$0	$0	$0
DAN ROURKE	DIRECTOR	N/A	Director	$0	$0	$0
DAN RIVERA	DIRECTOR	N/A	Director	$0	$0	$0
STEVEN JONCAS	DIRECTOR	N/A	Director	$0	$0	$0
CARL HOWELL	DIRECTOR	N/A	Director	$0	$0	$0
JEFF BUSH	DIRECTOR	N/A	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	$430,563	$1,079,678	$7,573,338	$-649,115
2024	$458,536	$500,786	$8,518,936	$-42,250
2023	$501,210	$425,006	$7,130,282	$76,204
2022	$369,219	$466,679	$6,302,849	$-97,460
2021	$472,838	$274,415	$6,332,884	$198,423
2020	$329,550	$762,570	$6,250,150	$-433,020
2019	$313,665	$507,531	$6,643,638	$-193,866
2018	$574,777	$616,762	$7,845,567	$-41,985