HILLTOWN COMMUNITY DEVELOPMENT COR… - 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

1981

Legal Domicile

Principal Officer

DAVE CHRISTOPOLIS

Phone

4132964536

Tax Period

2023-07-01 to 2024-06-30

HILLTOWN COMMUNITY DEVELOPMENT CORPORATION, founded in 1981, is a community nonprofit in the Community Improvement sector that reported $4.6M in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.1M, a strong 23% operating margin.

Mission

TO IMPROVE THE QUALITY OF LIFE IN THE HILLTOWNS BY ADDRESSING THE ECONOMIC, HOUSING, EDUCATIONAL, SOCIAL, AND COMMUNITY NEEDS WHILE PRSERVING THE RURAL CHARATCER OF THE AREA.

Program Service Accomplishments

Program 1

Expenses: $485,815 Revenue: $21,522

CONTINUUM OF CARE-CONTINUUM OF CARE HOMELESSNESS PROGRAM PROVIDES TRANSTIONAL AND PERMANENT HOUSING TO THE HOMELESS AND PROVIDES SUPPORTIVE SERVICES.

Program 2

Expenses: $1,742,233

COMMUNITY DEVELOPMENT-HCDC RUNS AND OVERSEES VARIOUS COMMUNITY AND ECONOMIC DEVELOPMENT PROGRAMS IN VARIOUS COMMUNITIES IN WESTERN MASSACHUSETTS. ACTIVITIES INCLUDE COMMUNITY PLANNING, BUSINESS...

COMMUNITY DEVELOPMENT-HCDC RUNS AND OVERSEES VARIOUS COMMUNITY AND ECONOMIC DEVELOPMENT PROGRAMS IN VARIOUS COMMUNITIES IN WESTERN MASSACHUSETTS. ACTIVITIES INCLUDE COMMUNITY PLANNING, BUSINESS ASSISTANCE, SOCIAL SERVICES, REHABILITATION OF HOUSING STOCK, KEEP FARMING IN THE HILLTOWNS AND AN INITIATIVE STUDYING RURAL TRANSPORTATION ACROSS HILLTOWNS. THE AGENCY ALSO ADMINISTERS REGIONAL COMMUNITY DEVELOPMENT BLOCK GRANT SERVICES ANNUALLY.

Program 3

Expenses: $737,133 Revenue: $485,734

RENTAL PROPERTIES-HCDC OWNS AND MANAGES 68 AFFORDABLE RENTAL UNITS IN SCATTERED SITES THROUGHOUT RURAL HAMPSHIRE COUNTY, 25 OF WHICH ARE FOR SENIORS. HILLTOWN CDC ACTIVELY PURSUES OPPORTUNITIES TO...

RENTAL PROPERTIES-HCDC OWNS AND MANAGES 68 AFFORDABLE RENTAL UNITS IN SCATTERED SITES THROUGHOUT RURAL HAMPSHIRE COUNTY, 25 OF WHICH ARE FOR SENIORS. HILLTOWN CDC ACTIVELY PURSUES OPPORTUNITIES TO CREATE OR RENOVATE AFFORDABLE RENTAL HOUSING UNITS FOR ALL LOW TO MODERATE INCOME AREA RESIDENTS.

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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 $3,538,074

Program Service Revenue $601,134

Investment Income $142,760

Other Revenue $288,493

TOTAL REVENUE $4,570,461

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,480,217

Fundraising Expenses $0

Program Expenses $3,349,574

Other Expenses $2,024,505

TOTAL EXPENSES $3,504,722

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,570,461	$6,446,450	-0.3%
Expenses	$3,504,722	$3,307,576	+0.1%
Net Income	$1,065,739	$3,138,874	-0.7%

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

$160,770

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE CHRISTOPOLIS	EXECUTIVE DI	35.50	Officer	$82,105	$0	$82,105
SAUL AGUILAR	DIRECTOR ADM	35.50	Officer	$78,665	$0	$78,665
SUSAN SLATTERY	DIRECTOR	3.00	Officer Director	$0	$0	$0
MICHELE MORRIS	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
SHELLEY MOREAU	TREASURER	2.00	Officer Director	$0	$0	$0
SARAH HAMILTON	CLERK	2.00	Officer Director	$0	$0	$0
KRISTINE ZDANIEWICZ	DIRECTOR	2.00	Director	$0	$0	$0
LIAM GUDE	PRESIDENT	2.00	Officer Director	$0	$0	$0
SYLVIA SNAPE	DIRECTOR	2.00	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	$4,570,461	$3,504,722	$12,821,231	$1,065,739
2024	$4,142,325	$3,497,255	$12,400,553	$645,070
2023	$6,446,450	$3,307,576	$13,601,211	$3,138,874
2019	$3,240,810	$3,328,194	$9,222,760	$-87,384
2018	$3,316,088	$3,197,061	$9,312,784	$119,027

HILLTOWN COMMUNITY DEVELOPMENT CORPORATION