LAWRENCE, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LAWRENCE COMMUNITYWORKS INC, founded in 1986, is a community nonprofit that reported $7.3M in total revenue in fiscal year 2023. Revenue surged 32% from the prior year, signaling strong growth momentum. Net assets of $24.9M represent 41 months of operating reserves.
LAWRENCE COMMUNITYWORKS (LCW) IS A COMMUNITY DEVELOPMENT CORPORATION THAT WEAVES TOGETHER COMMUNITY PLANNING, ORGANIZING, AND ASSET-BUILDING EFFORTS WITH HIGH-QUALITY AFFORDABLE HOUSING AND COMMERCIAL DEVELOPMENT TO CREATE VIBRANT NEIGHBORHOODS AND EMPOWERED RESIDENTS. BY FACILITATING CONVERSATIONS AND ACTION ON COMMUNITY PRIORITIES, LCW ENGAGES PARTNERS AND A NETWORK OF YOUTH AND ADULT RESIDENTS IN OPPORTUNITIES TO MOVE THEMSELVES AND THIS CITY FORWARD.
THE PROPERTY RENTAL PROGRAM CONSISTS OF RENTAL ACTIVITIES RELATED TO 8 RESIDENTIAL PROPERTIES IN THE LAWRENCE AREA, THE MAJORITY OF WHICH ARE SUBJECT TO LONG-TERM AFFORDABLE HOUSING RESTRICTIONS. THE...
THE PROPERTY RENTAL PROGRAM CONSISTS OF RENTAL ACTIVITIES RELATED TO 8 RESIDENTIAL PROPERTIES IN THE LAWRENCE AREA, THE MAJORITY OF WHICH ARE SUBJECT TO LONG-TERM AFFORDABLE HOUSING RESTRICTIONS. THE RESIDENTIAL PROPERTIES CONTAIN 230 UNITS IN TOTAL, ARE SUBJECTED TO AFFORDABILITY RESTRICTIONS, SOME OF WHICH ARE ATTACHED TO THE RELATED LAND, AND ARE RENTED TO FAMILIES OF LOW TO MODERATE INCOMES. THE PROPERTY RENTAL PROGRAM ALSO CONSISTS OF ONE COMMERCIAL PROPERTY IN LAWRENCE. ALL LEASES BETWEEN THE AGENCY AND ITS TENANTS ARE OPERATING LEASES. THE PROPERTY RENTAL PROGRAM ACCOUNTED FOR APPROXIMATELY 59% OF TOTAL PROGRAM EXPENDITURES.
ASSET BUILDING IS A UNIQUE ECONOMIC DEVELOPMENT STRATEGY TO PROMOTE THE EDUCATIONAL ADVANCEMENT AND BUILD THE SOCIAL CAPITAL OF LAWRENCE RESIDENTS. THE PROGRAM PROVIDES HOME-OWNERSHIP AND EDUCATIONAL...
ASSET BUILDING IS A UNIQUE ECONOMIC DEVELOPMENT STRATEGY TO PROMOTE THE EDUCATIONAL ADVANCEMENT AND BUILD THE SOCIAL CAPITAL OF LAWRENCE RESIDENTS. THE PROGRAM PROVIDES HOME-OWNERSHIP AND EDUCATIONAL PROGRAMS INCLUDING PRE- AND POST-PURCHASE HOMEBUYER EDUCATION, FORECLOSURE INTERVENTION, MATCHED SAVINGS FOR ASSET OWNERSHIP, FINANCIAL EDUCATION AND COACHING, ENGLISH AS A SECOND LANGUAGE CLASSES AND VARIOUS HARD AND SOFT SKILL WORKFORCE PREPARATION CLASSES AND ACTIVITIES. THE FINANCIAL STABILITY CENTER PROVIDES A BUNDLING OF FINANCIAL EDUCATION, ASSET-BUILDING, INCOME SUPPORT AND JOB READINESS PROGRAMS TO ENCOURAGE FAMILIES AS THEY STRIVE FOR ECONOMIC MOBILITY AND SECURITY. THE ASSET BUILDING AND FINANCIAL STABILITY CENTER PROGRAM ACCOUNTED FOR APPROXIMATELY 14% OF TOTAL PROGRAM EXPENDITURES.
MOVEMENT CITY IS AN EMPOWERMENT NETWORK IN WHICH LAWRENCE AREA YOUTH CAN PARTICIPATE IN A WIDE RANGE OF HIGHLY CREATIVE ECONOMIC, ACADEMIC, LEADERSHIP DEVELOPMENT AND COLLECTIVE ACTION ACTIVITIES...
MOVEMENT CITY IS AN EMPOWERMENT NETWORK IN WHICH LAWRENCE AREA YOUTH CAN PARTICIPATE IN A WIDE RANGE OF HIGHLY CREATIVE ECONOMIC, ACADEMIC, LEADERSHIP DEVELOPMENT AND COLLECTIVE ACTION ACTIVITIES. THE PROGRAM'S GOAL IS TO ENCOURAGE AND ALLOW YOUNG PEOPLE TO EXPLORE THEIR POTENTIAL THROUGH PERFORMING ARTS, DESIGN AND USE OF TECHNOLOGY, MENTORING, ACADEMIC SUPPORT, CIVIC ENGAGEMENT AND MONEY MANAGEMENT. MOVEMENT CITY ACCOUNTED FOR APPROXIMATELY 6% OF TOTAL PROGRAM EXPENDITURES.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $7,255,778 | $5,502,284 | +0.3% |
| Expenses | $7,066,105 | $4,842,767 | +0.5% |
| Net Income | $189,673 | $659,517 | -0.7% |
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 |
|---|---|---|---|---|---|---|
| ARIORCA ABREU | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ARMAND HYATT | GENERAL COUNSEL | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CARLOS MANUEL MOREL PEREZ | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JACOBA OLIVERO | CLERK | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JONATHAN MACHADO | ASSISTANT TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JONATHAN MEDRANO | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MANDY GUEVARA | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MARIA FINA | VICE PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARIEL SILVERIO | ASSSISTANT CLERK | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| NANCY COLON | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| PATRICK GROTTON | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROSA PINA | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JESSICA ANDORS | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$114,885 | $12,852 | $127,737 |
| SURESH SIVASITHAMPARAM | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$106,600 | $3,220 | $109,820 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $7,255,778 | $7,066,105 | $81,533,391 | $189,673 |
| 2022 | $5,502,284 | $4,842,767 | $57,985,659 | $659,517 |
| 2021 | $5,539,923 | $5,113,999 | $43,924,254 | $425,924 |
| 2020 | $4,310,094 | $7,585,305 | $35,915,095 | $-3,275,211 |
| 2019 | $5,846,829 | $6,933,758 | $37,392,103 | $-1,086,929 |
| 2018 | $4,834,108 | $4,493,414 | $38,331,542 | $340,694 |
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