ARLINGTON, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOUSING CORPORATION OF ARLINGTON, founded in 1986, is a community nonprofit in the Housing & Shelter sector that reported $2.9M in total revenue in fiscal year 2024. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $2.6M left a modest 11% surplus.
TO ACQUIRE, DEVELOP, IMPROVE, SELL, MANAGE (MORTGAGE, REMORTGAGE) AND LEASE AFFORDABLE HOUSING IN THE TOWN OF ARLINGTON FOR LOW AND MODERATE INCOME FAMILIES AND TO PROVIDE OTHER SOCIAL AND CIVIC SERVICES TO BENEFIT LOW AND MODERATE INCOME MEMBERS OF SOCIETY.
AFFORDABLE HOUSINGHCA OWNS AND MANAGES 151 UNITS OF AFFORDABLE RENTAL HOUSING. OUR NEXT AFFORDABLE HOUSING DEVELOPMENT OF 43 PASSIVE HOUSE UNITS WILL BE COMPLETED IN 2026. HCA'S HOUSING PROPERTIES...
AFFORDABLE HOUSINGHCA OWNS AND MANAGES 151 UNITS OF AFFORDABLE RENTAL HOUSING. OUR NEXT AFFORDABLE HOUSING DEVELOPMENT OF 43 PASSIVE HOUSE UNITS WILL BE COMPLETED IN 2026. HCA'S HOUSING PROPERTIES RANGE IN SIZE FROM 2-48 UNITS AND ARE LOCATED THROUGHOUT ARLINGTON. UNITS ARE RESTRICTED TO BE AFFORDABLE IN PERPETUITY FOR HOUSEHOLDS EARNING NO MORE THAN 60% OF THE AREA MEDIAN INCOME. HCA ENGAGES A PROFESSIONAL PROPERTY MANAGEMENT FIRM TO HELP MANAGE OUR PROPERTIES. HCA CONTINUALLY SEEKS NEW SITES IN ORDER TO CREATE MORE AFFORDABLE HOMES VIA ACQUISITION AND REHAB, OR NEW CONSTRUCTION.
SOCIAL SERVICESHCA SUPPORTS OUR OWN TENANTS AND OTHER LOW-INCOME FAMILIES WITH A WIDE RANGE OF HOUSING AND OTHER SOCIAL SERVICE NEEDS. BASED ON A COMPREHENSIVE INTAKE, ASSISTANCE MAY INCLUDE...
SOCIAL SERVICESHCA SUPPORTS OUR OWN TENANTS AND OTHER LOW-INCOME FAMILIES WITH A WIDE RANGE OF HOUSING AND OTHER SOCIAL SERVICE NEEDS. BASED ON A COMPREHENSIVE INTAKE, ASSISTANCE MAY INCLUDE: HOMELESSNESS PREVENTION PROGRAM GRANTS: HCA HELPS APPROXIMATELY 50 ARLINGTON FAMILIES A YEAR REMAIN STABLY HOUSED BY AWARDING CLOSE TO $100,000 IN DIRECT SMALL GRANTS TO COVER RENT, SECURITY DEPOSIT OR MOVING EXPENSES. THESE ONE-TIME GRANTS MAY BE THE DIFFERENCE BETWEEN HOMELESSNESS AND STABILITY FOR FAMILIES FACING JOB LOSS, MEDICAL ISSUES, DIVORCE, OR OTHER LIFE CIRCUMSTANCES.HOUSING SUPPORT & SEARCH: HCA HELPS FAMILIES AND INDIVIDUALS WITH HOUSING SEARCH, AND ADDRESS UNSAFE HOUSING CONDITIONS, THREAT OF EVICTION AND MORE. HCA STAFF HELP TENANTS COMMUNICATE WITH LANDLORDS, APPLY FOR WAITING LISTS (INCLUDING HCA'S), APPLY FOR HOUSING VOUCHERS, SECURE A SHELTER BED, OR APPLY FOR HPP AND/OR OTHER RENTAL ASSISTANCE. OTHER SERVICES: HCA STAFF HELP CLIENTS SECURE SOCIAL SECURITY BENEFITS AND MASSHEALTH HEALTH CARE. WE REFER FAMILIES FOR MENTAL HEALTH COUNSELING, FOOD, FUEL ASSISTANCE, JOB SEARCH AND MORE. HCA STAFF MAINTAIN STRONG RELATIONSHIPS WITH PARTNERS, AND FOLLOWS UP UNTIL CLIENTS' NEEDS ARE MET. THROUGH BANK PARTNERSHIPS, HCA ALSO PROVIDES FREE FINANCIAL LITERACY CLASSES.
COMMUNITY ENGAGEMENT AND LEADERSHIP DEVELOPMENTTHROUGH HCA'S TENANT COUNCIL OUR TENANTS GAIN A VOICE IN HOW HCA'S PROPERTIES ARE MANAGED AND CAN PLAY A DIRECT ROLE IN BUILDING THEIR QUALITY OF LIFE...
COMMUNITY ENGAGEMENT AND LEADERSHIP DEVELOPMENTTHROUGH HCA'S TENANT COUNCIL OUR TENANTS GAIN A VOICE IN HOW HCA'S PROPERTIES ARE MANAGED AND CAN PLAY A DIRECT ROLE IN BUILDING THEIR QUALITY OF LIFE. ANY TENANT CAN GAIN LEADERSHIP SKILLS BY JOINING THE TENANT COUNCIL STEERING COMMITTEE, WHICH FACILITATES THE COUNCIL WITH HCA STAFF SUPPORT.HCA ALSO HELPS TO EDUCATE COMMUNITY MEMBERS OF ALL INCOMES ABOUT AFFORDABLE HOUSING ISSUES, AND HELPS THEM BRING THEIR VOICE TO PUBLIC CONVERSATIONS AND TO DECISION MAKING PROCESSES RELATING TO AFFORDABLE HOUSING AND FAMILY STABILITY AT THE STATE AND LOCAL LEVEL. HCA TENANTS AND OTHER RESIDENTS ALSO PLAY KEY ROLES ON HCA COMMITTEES, INCLUDING THE BOARD OF DIRECTORS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,902,481 | $2,298,053 | +0.3% |
| Expenses | $2,583,324 | $3,037,677 | -0.1% |
| Net Income | $319,157 | $-739,624 | -1.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| NEAL MONGOLD | PRESIDENT | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| MAKEELIA PARKER | VICE PRESIDENT | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| JILLIAN STANDISH | TREASURER | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| DEIRDRE WESTCOTT | CLERK | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| THOMAS NEE | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JONATHAN WALLACH | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DANIELLE CHERY | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| LAURA WIENER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| TINA ANDERSON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ELENA ARRENDOL | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| KEN GARDEN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| CHRISTOPHER CLAFLIN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL MANGO | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JOHN OLIVER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| SHERIKA WILLIAMSON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JACK COOPER | DIRECTOR (UNTIL 2024) | 2.00 |
Director
|
$0 | $0 | $0 |
| KINJAL SINGH | DIRECTOR (UNTIL 2024) | 2.00 |
Director
|
$0 | $0 | $0 |
| MATTHEW PIERCE | DIRECTOR (UNTIL 2024) | 2.00 |
Director
|
$0 | $0 | $0 |
| ERICA SCHWARZ | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$120,916 | $0 | $120,916 |
| TAKAYEDZA MASHOKO | DIRECTOR OF FINANCE | 32.00 |
Highest
|
$101,482 | $5,760 | $107,242 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,902,481 | $2,583,324 | $21,332,292 | $319,157 |
| 2023 | $840,033 | $901,279 | $10,765,439 | $-61,246 |
| 2023 | No data | No data | No data | No data |
| 2022 | $3,008,942 | $1,902,523 | $50,946,980 | $1,106,419 |
| 2022 | $5,055,753 | $5,625,008 | $21,110,462 | $-569,255 |
| 2021 | $1,905,445 | $3,360,074 | $17,581,714 | $-1,454,629 |
| 2021 | $2,009,359 | $1,744,994 | $44,078,576 | $264,365 |
| 2020 | $3,015,654 | $2,239,022 | $31,940,456 | $776,632 |
| 2019 | $1,705,939 | $1,544,699 | $20,378,038 | $161,240 |
| 2018 | $1,517,451 | $1,536,778 | $19,156,452 | $-19,327 |
Compare HOUSING CORPORATION OF ARLINGTON with other nonprofits in Massachusetts and across the country.