NORTH HILL NEEDHAM INC (EIN 042716090) - 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

1979

Legal Domicile

Principal Officer

JOSEPH A FRIAS

Phone

7814449910

Tax Period

2024-04-01 to 2025-03-31

NORTH HILL NEEDHAM INC, founded in 1979, is a mid-sized nonprofit in the Human Services sector that reported $57.2M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HOUSING & HEALTHCARE SERVICES TO RESIDENTS FOR LIFE REGARDLESS OF THEIR ABILITY TO PAY.

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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 $13,125

Program Service Revenue $52,251,568

Investment Income $4,390,394

Other Revenue $498,328

TOTAL REVENUE $57,153,415

Expense Breakdown

Grants Paid $65,749

Salaries & Benefits $26,914,189

Fundraising Expenses $0

Program Expenses $40,239,727

Other Expenses $29,466,834

TOTAL EXPENSES $56,446,772

Year-over-Year Comparison

	2024	2023	Change
Revenue	$57,153,415	$51,032,089	+0.1%
Expenses	$56,446,772	$55,199,321	+0.0%
Net Income	$706,643	$-4,167,232	-1.2%

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

557

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

$875,445

Total Directors

Key Employees

$944,477

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN MELLACE	CHAIR	1.00	Officer Director	$0	$0	$0
TINA VASCONCELLES	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN T GRIMES	TRUSTEE	1.00	Director	$0	$0	$0
RUSSELL CORSINI JR	TRUSTEE	1.00	Director	$0	$0	$0
SARAH CREED SCHMIDT	TRUSTEE	1.00	Director	$0	$0	$0
RICHARD DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
PAUL GRAZEWSKI	TRUSTEE (UNTIL 11/24)	1.00	Director	$0	$0	$0
MAURICE HANDEL	TRUSTEE (UNTIL 01/25)	1.00	Director	$0	$0	$0
DAVID HANSEN	TRUSTEE	1.00	Director	$0	$0	$0
NANCY HOFFMANN CPA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
FRANCIS NEMIA	TRUSTEE	1.00	Director	$0	$0	$0
JULIA RAGLAND MD	TRUSTEE	1.00	Director	$0	$0	$0
AMY J REICH WEIL	TRUSTEE	1.00	Director	$0	$0	$0
HOWARD RUBIN	TRUSTEE	1.00	Director	$0	$0	$0
PAUL WANTANABE	TRUSTEE	1.00	Director	$0	$0	$0
PETER PINGITORE	TRUSTEE	1.00	Director	$0	$0	$0
WALTER ARMSTRONG	TRUSTEE (UNTIL 12/24)	1.00	Director	$0	$0	$0
GIG BABSON	TRUSTEE (UNTIL 4/24)	1.00	Director	$0	$0	$0
SAVA BERHANE	TRUSTEE (UNTIL 4/25)	1.00	Director	$0	$0	$0
SUSAN BARTH	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH A FRIAS	PRESIDENT & CEO	36.00	Officer	$346,927	$39,065	$385,992
KARALYN BERE	VP OF FINANCE	38.00	Officer	$178,021	$10,964	$188,985
PATRICIA PAULIN	TREASURER	39.00	Officer	$178,715	$17,134	$195,849
MICHELLE HOULIHAN	CLERK/EXECUTIVE ASSISTANT	39.00	Officer	$90,823	$13,796	$104,619
PATTY CUSACK	SALES AND MARKETING DIRECTOR	40.00	Key Emp	$301,699	$19,404	$321,103
BETHANY MERCER	DIRECTOR OF OPERATIONS	40.00	Key Emp	$190,020	$8,730	$198,750
MILIND MAHATME	DIRECTOR OF SYSTEMS AND TECHNOLOGY	40.00	Key Emp	$187,084	$7,202	$194,286
SUSAN DOWNEY	VP OF HEALTHCARE AND CORP COMPLIANCE	36.00	Key Emp	$195,712	$34,626	$230,338
DANA FINIZIO	DIRECTOR OF HUMAN RESOURCES	30.00	Highest	$150,005	$8,516	$158,521
LINDA MCCONCHIE	MAKRETING MANAGER	40.00	Highest	$158,349	$13,699	$172,048
TARA JONES	SALES ASSOCIATE	40.00	Highest	$210,458	$29,035	$239,493
LAURETTE JOSEPH	RN SUPERVISOR	40.00	Highest	$142,585	$14,292	$156,877
RUTH KENNEDY	SENIOR SALES ASSOCIATE	40.00	Highest	$227,161	$16,332	$243,493
HARRY GOODALE	DIRECTOR OF FACILITIES (UNTIL 01/25)	40.00		$176,422	$15,661	$192,083
CARLOS ANDRES BONILLA-TEJADA	SNF ADMINISTRATOR (UNTIL 02/25)	40.00		$187,442	$15,185	$202,627

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	$57,153,415	$56,446,772	$269,716,796	$706,643
2024	$51,032,089	$55,199,321	$261,567,649	$-4,167,232
2023	$47,522,022	$50,375,968	$250,849,770	$-2,853,946
2022	$46,801,004	$44,840,321	$218,215,357	$1,960,683
2021	$40,163,548	$44,017,494	$216,688,073	$-3,853,946
2020	$44,118,970	$43,696,009	$205,406,535	$422,961
2019	$40,585,345	$41,725,027	$200,292,285	$-1,139,682
2018	$38,495,170	$40,824,389	$195,284,237	$-2,329,219

NORTH HILL NEEDHAM INC