MARBLEHEAD COMMUNITY HOUSING CORPORATION C/O HARBORLIGHT COMMUNITY PARTNERS (EIN 043176887) - 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

1990

Legal Domicile

Principal Officer

ANDREW DEFRANZA

Phone

9782221305

Tax Period

2024-01-01 to 2024-12-31

MARBLEHEAD COMMUNITY HOUSING CORPORATION C/O HARBORLIGHT COMMUNITY PARTNERS, founded in 1990, is a micro nonprofit in the Housing & Shelter sector that reported $80K in total revenue in fiscal year 2024. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $94K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS.

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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 $0

Program Service Revenue $77,426

Investment Income $0

Other Revenue $2,527

TOTAL REVENUE $79,953

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $84,681

Other Expenses $93,706

TOTAL EXPENSES $93,706

Year-over-Year Comparison

	2024	2023	Change
Revenue	$79,953	$226,095	-0.6%
Expenses	$93,706	$89,740	+0.0%
Net Income	$-13,753	$136,355	-1.1%

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

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

$712,851

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABU POPPIN	OUTGOING DIRECTOR	1.00	Director	$0	$0	$0
ALAN TEMKIN	OUTGOING DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE MADORE	OUTGOING DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA NINA-SOTO	DIRECTOR	1.00	Director	$0	$0	$0
DANE POESKE	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA MALLON	OUTGOING DIRECTOR	1.00	Director	$0	$0	$0
ISIS PATTERSON	DIRECTOR	1.00	Director	$0	$0	$0
JOHN THOMSON	TREASURER	1.00	Officer Director	$0	$0	$0
KEVIN NOYES	DIRECTOR	1.00	Director	$0	$0	$0
KURT JAMES	CLERK	1.00	Officer Director	$0	$0	$0
MICHAEL SCHAAF	DIRECTOR	1.00	Director	$0	$0	$0
PAM CONSTANTINE	VICE PRESIDENT	1.00	Director	$0	$0	$0
RICK ALPERN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT GILLIS	PRESIDENT	1.00	Officer Director	$0	$0	$0
TRACEY ARMSTRONG	CEO	1.00	Director	$0	$0	$0
WILLIAM SCANLON	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW DEFRANZA	EXECUTIVE DIRECTOR	1.00	Officer	$0	$24,789	$467,666
TIMOTHY DONOVAN	COO	1.00	Officer	$0	$23,928	$245,185

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
2024	$79,953	$93,706	$459,409	$-13,753
2023	$226,095	$89,740	$471,896	$136,355
2022	$59,688	$84,163	$473,012	$-24,475
2021	$91,008	$68,012	$492,793	$22,996
2020	$60,964	$75,512	$487,229	$-14,548
2019	$59,344	$64,579	$485,994	$-5,235
2018	$56,869	$66,634	$507,981	$-9,765

MARBLEHEAD COMMUNITY HOUSING CORPORATION C/O HARBORLIGHT COMMUNITY PARTNERS