REGIONAL HOUSING NETWORK OF MASSAC… - 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

1978

Legal Domicile

Principal Officer

ANNE MARIE BELROSE

Phone

6173679798

Tax Period

2024-07-01 to 2025-06-30

REGIONAL HOUSING NETWORK OF MASSACHUSETTS INC, founded in 1978, is a small nonprofit in the Housing & Shelter sector that reported $389K in total revenue in fiscal year 2024.

Mission

REGIONAL HOUSING NETWORK OF MASSACHUSETTS INC. WAS INCORPORATED TO STRENGTHEN THE ABILITY OF MEMBER AGENCIES TO SUPPORT, DEVELOP, AND ADMINISTER HOUSING AND RELATED PROGRAMS THROUGHOUT MASSACHUSETTS FOR LOW AND MODERATE INCOME PEOPLE.

Program Service Accomplishments

Program 1

Expenses: $334,399 Revenue: $388,693

HOUSING SUPPORT, DEVELOPMENT AND ADMINISTRATIONFOR OVER THIRTY YEARS NOW, THE MEMBER AGENCIES OF THE REGIONAL HOUSING NETWORK OF MASSACHUSETTS, INC. (FORMERLY THE MASSACHUSETTS NONPROFIT HOUSING...

HOUSING SUPPORT, DEVELOPMENT AND ADMINISTRATIONFOR OVER THIRTY YEARS NOW, THE MEMBER AGENCIES OF THE REGIONAL HOUSING NETWORK OF MASSACHUSETTS, INC. (FORMERLY THE MASSACHUSETTS NONPROFIT HOUSING ASSOCIATION), NINE REGIONALLY BASED NON-PROFIT HOUSING AGENCIES HAVE CHAMPIONED THE VALUE OF WORKING ON A REGIONAL LEVEL TO ADDRESS THE NEEDS OF THEIR CONSTITUENTS. SO, FROM THE BERKSHIRES TO CAPE COD, WE HAVE CONSISTENTLY IDENTIFIED REGIONAL ISSUES, AND WORKED COLLABORATIVELY WITH ONE ANOTHER AS WELL AS LOCAL GOVERNMENT OFFICIALS, LOCAL HOUSING AUTHORITIES, AND OTHER AGENCIES WORKING ON HOUSING CONCERNS TO FIND REGIONAL SOLUTIONS TO THOSE ISSUES.THIS APPROACH HAS ALLOWED OUR MEMBERS TO COVER THE COMMONWEALTH AND BE AVAILABLE TO ALL 351 CITIES AND TOWNS FOR ASSISTANCE WITH HOUSING DEVELOPMENT, MANAGEMENT, AND POLICY SETTING. ALL OF THIS IS IN ADDITION TO OUR CORE WORK OF IMPLEMENTING AND MANAGING INNOVATIVE AND TRADITIONAL HOUSING PROGRAMS DESIGNED TO ASSIST PEOPLE OF ALL INCOME LEVELS.WE ARE THE LARGEST CONTRACTOR OF RENTAL ASSISTANCE IN THE COMMONWEALTH; OUR MEMBER AGENCIES MANAGE OVER 19,000 HOUSING CHOICE VOUCHERS WHICH ALLOW LOW INCOME FAMILIES AND INDIVIDUALS TO LIVE IN DECENT, SAFE, AND SANITARY HOUSING WHICH THEY CAN AFFORD.THE NETWORK SUPPORTS THE MEMBER AGENCIES IN A MANNER THAT ALLOWS THEM TO ACHIEVE THEIR COLLECTIVE GOALS OF DEVELOPING AND PRESERVING AFFORDABLE HOUSING AND ADMINISTERING HOUSING AND RELATED PROGRAMS THAT BENEFIT LOW AND MODERATE INCOME PEOPLE.

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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 $388,693

Investment Income $0

Other Revenue $0

TOTAL REVENUE $388,693

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $334,399

Other Expenses $378,020

TOTAL EXPENSES $378,020

Year-over-Year Comparison

	2024	2023	Change
Revenue	$388,693	$388,693	N/A
Expenses	$378,020	$376,142	+0.0%
Net Income	$10,673	$12,551	-0.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CARL HOWELL	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS NORRIS	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT CORLEY	CO-PRESIDENT	5.00	Director	$0	$0	$0
BRAD GORDON	DIRECTOR	2.00	Director	$0	$0	$0
EILEEN PELTIER	TREASURER	5.00	Director	$0	$0	$0
ALISA MAGNOTTA	DIRECTOR	2.00	Director	$0	$0	$0
GINA GOVONI	DIRECTOR	2.00	Director	$0	$0	$0
KEITH FAIREY	CO-PRESIDENT	5.00	Director	$0	$0	$0
BRIAN SCALES	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN GENTILI	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	$388,693	$378,020	$343,337	$10,673
2024	$388,693	$376,142	$302,296	$12,551
2023	$433,606	$355,935	$330,912	$77,671
2022	$3,257,036	$3,228,692	$233,206	$28,344
2021	$391,785	$313,224	$211,207	$78,561
2020	$253,386	$251,394	$92,606	$1,992
2019	$349,481	$364,569	$323,132	$-15,088
2018	$399,195	$366,004	$120,167	$33,191

REGIONAL HOUSING NETWORK OF MASSACHUSETTS INC