NORTH SHORE COMMUNITY DEVELOPMENT … - Form 990 Financial Data

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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

1979

Legal Domicile

Principal Officer

FELICIA PIERCE

Phone

9787458071

Tax Period

2024-01-01 to 2024-12-31

NORTH SHORE COMMUNITY DEVELOPMENT COALIT, founded in 1979, is a community nonprofit in the Housing & Shelter sector that reported $6.9M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $8.1M exceeded revenue, resulting in a 18% operating deficit.

Mission

TO INVEST IN NEIGHBORHOODS TO CREATE THRIVING COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $1,156,138 Revenue: $88,687

YOUTH PROGRAMS - THE MAJOR COMPONENT OF THE YOUTH PROGRAMS IS YOUTHBUILD-NORTH SHORE, A WORKFORCE AND LEADERSHIP DEVELOPMENT PROGRAM WHICH PROVIDES ACADEMIC AND WORKFORCE TRAINING TO OUT-OF-SCHOOL...

YOUTH PROGRAMS - THE MAJOR COMPONENT OF THE YOUTH PROGRAMS IS YOUTHBUILD-NORTH SHORE, A WORKFORCE AND LEADERSHIP DEVELOPMENT PROGRAM WHICH PROVIDES ACADEMIC AND WORKFORCE TRAINING TO OUT-OF-SCHOOL YOUTH, AGES 16 TO 24. PROGRAM ACTIVITIES ARE PROVIDED THROUGHOUT THE AGENCY'S SERVICE AREA IN CITIES SUCH AS SALEM, BEVERLY, PEABODY, GLOUCESTER AND LYNN.

Program 2

Expenses: $2,667,835 Revenue: $1,463,039

RENTAL HOUSING - THE RENTAL HOUSING DIVISION OPERATES RESIDENTIALAPARTMENTS WHICH PROVIDE AFFORDABLE RENTAL OPPORTUNITIES FOR PERSONS OFLOW TO MODERATE INCOME. THIS DIVISION ALSO OPERATES COMMERCIAL...

Program 3

Expenses: $1,037,331 Revenue: $1,481,839

REAL ESTATE DEVELOPMENT - NSCDC DEVELOPS AFFORDABLE HOUSING IN SALEMAND SURROUNDING CITIES AND TOWNS. COSTS DIRECTLY ATTRIBUTABLE TO ASPECIFIC PROJECT ARE CAPITALIZED AND RECORDED AS REAL ESTATE...

REAL ESTATE DEVELOPMENT - NSCDC DEVELOPS AFFORDABLE HOUSING IN SALEMAND SURROUNDING CITIES AND TOWNS. COSTS DIRECTLY ATTRIBUTABLE TO ASPECIFIC PROJECT ARE CAPITALIZED AND RECORDED AS REAL ESTATE PROJECTDEVELOPMENT COSTS ON THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION.COSTS NOT DIRECTLY ATTRIBUTABLE TO A SPECIFIC PROJECT ARE EXPENSED.

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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 $3,832,693

Program Service Revenue $2,918,327

Investment Income $44,609

Other Revenue $88,687

TOTAL REVENUE $6,884,316

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,274,747

Fundraising Expenses $212,703

Program Expenses $5,605,227

Other Expenses $4,850,023

TOTAL EXPENSES $8,124,770

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,884,316	$6,223,882	+0.1%
Expenses	$8,124,770	$7,093,853	+0.1%
Net Income	$-1,240,454	$-869,971	+0.4%

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

N/A

Volunteers

115

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

$178,760

Total Directors

$473,853

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK NITKIEWICZ	DIRECTOR	1.00	Officer Director	$0	$0	$0
MIKKI WILSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
FAITH GLICKMAN ROSSI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DIANA MORENO	CLERK	1.00	Officer Director	$0	$0	$0
ARIEL NOESI	TREASURER	1.00	Director	$0	$0	$0
BRIAN CASTELLANOS	DIRECTOR	1.00	Director	$0	$0	$0
XAVIER COLE	DIRECTOR	1.00	Director	$0	$0	$0
NAOMI COTTRELL	DIRECTOR	1.00	Director	$0	$0	$0
SARAH TARBET	DIRECTOR	1.00	Director	$0	$0	$0
HANNAH GILLIAN COMMOSS	DIRECTOR	1.00	Director	$0	$0	$0
ADRIANA PAZ	DIRECTOR	1.00	Director	$0	$0	$0
EILEEN QUINN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER KOLODZIEJ	DIRECTOR	1.00	Director	$88,654	$6,677	$95,331
SANIEGO SANCHEZ	DIRECTOR	1.00	Director	$78,041	$20,818	$98,859
JASMINE GRADDY	DIRECTOR	1.00	Director	$80,651	$11,330	$91,981
NICOLE ROEBUCK	DIRECTOR	1.00	Director	$73,601	$26,130	$99,731
SHANTEL ALIX FERNANDEZ	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY BARBARA GANEM	DIRECTOR OF PORTFOLIO MANAGEMENT	1.00	Director	$67,252	$20,699	$87,951
FELICIA PIERCE	CHIEF EXECUTIVE OFFICER	40.00	Officer	$166,720	$12,040	$178,760
JASON PINA	DIRECTOR OF PORTFOLIO MANAGEMENT	40.00	Highest	$114,877	$33,734	$148,611
ILENE VOGEL	DIRECTOR OF REAL ESTATE	40.00	Highest	$126,297	$11,415	$137,712

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	No data	No data	No data	No data
2024	$6,884,316	$8,124,770	$45,519,552	$-1,240,454
2023	$6,223,882	$7,093,853	$41,536,624	$-869,971
2022	$4,973,173	$4,767,679	$26,601,543	$205,494
2021	$6,893,056	$4,180,994	$17,290,346	$2,712,062
2020	$3,985,452	$3,439,926	$12,841,099	$545,526
2019	$3,156,414	$3,405,526	$11,463,559	$-249,112
2018	$2,858,639	$3,277,375	$11,399,889	$-418,736

NORTH SHORE COMMUNITY DEVELOPMENT COALIT