SOUTH MIDDLESEX NON-PROFIT HOUSING… - 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

1986

Legal Domicile

Principal Officer

SUSAN GENTILI

Phone

5086202300

Tax Period

2024-07-01 to 2025-06-30

SOUTH MIDDLESEX NON-PROFIT HOUSING CORPORATION INC, founded in 1986, is a mid-sized nonprofit in the Employment sector that reported $15.3M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $20.0M exceeded revenue, resulting in a 31% operating deficit.

Mission

PROVIDER OF EDUCATION, REHABILITATION, AND SHELTER TO LOW INCOME INDIVIDUALS AND FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $16,541,326 Revenue: $14,989,537

PROVIDES EDUCATION, TRAINING, VOCATIONAL REHABILITATION, CARE, TREATMENT, AND SHELTER TO LOW INCOME INDIVIDUALS AND FAMILIES.

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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 $133,178

Program Service Revenue $11,545,483

Investment Income $120,900

Other Revenue $3,485,690

TOTAL REVENUE $15,285,251

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,937,963

Fundraising Expenses $0

Program Expenses $16,541,326

Other Expenses $17,062,464

TOTAL EXPENSES $20,000,427

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,285,251	$10,660,466	+0.4%
Expenses	$20,000,427	$16,228,441	+0.2%
Net Income	$-4,715,176	$-5,567,975	-0.2%

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

N/A

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

$722,769

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAWRENCE SCULT	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
FAITH TOLSON	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$0	$0
RUTH HIBBARD	TREASURER/DIRECTOR	1.00	Officer Director	$0	$0	$0
GARY BAKER	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE HULME	DIRECTOR	1.00	Director	$0	$0	$0
JOANNE LOCKE	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY FISHMAN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE PENNA	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN GENTILI	EXECUTIVE DIRECTOR	1.00	Officer	$0	$19,955	$329,373
MICHAEL HUTNAK	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$8,980	$229,706
TANIA DIDUCA	CLERK	1.00	Officer	$0	$14,995	$163,690

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	$15,285,251	$20,000,427	$104,151,395	$-4,715,176
2024	$10,660,466	$16,228,441	$98,658,700	$-5,567,975
2023	$11,601,186	$15,568,733	$95,084,183	$-3,967,547
2022	$11,185,710	$14,106,930	$100,566,049	$-2,921,220
2021	$12,461,508	$12,723,530	$86,868,885	$-262,022
2020	$11,147,146	$13,606,468	$82,880,621	$-2,459,322
2019	$13,422,280	$12,983,256	$79,786,224	$439,024
2018	$12,019,163	$13,288,203	$71,996,181	$-1,269,040

SOUTH MIDDLESEX NON-PROFIT HOUSING CORPORATION INC