FRAMINGHAM HOUSING DEVELOPMENT CORP II (EIN 043230028) - 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

1993

Legal Domicile

Principal Officer

STEPHEN JOYCE

Phone

5088797562

Tax Period

2023-01-01 to 2023-12-31

FRAMINGHAM HOUSING DEVELOPMENT CORP II, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $188K in total revenue in fiscal year 2023. Expenses of $160K left a modest 15% surplus.

Mission

THE ORGANIZATION OWNS AND OPERATES AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME 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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $188,064

Investment Income $71

Other Revenue $80

TOTAL REVENUE $188,215

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $156,339

Other Expenses $160,467

TOTAL EXPENSES $160,467

Year-over-Year Comparison

	2023	2022	Change
Revenue	$188,215	$188,258	0.0%
Expenses	$160,467	$198,812	-0.2%
Net Income	$27,748	$-10,554	-3.6%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANET LEOMBRUNO	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JANICE M ROGERS	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROBERT L MERUSI	TREASURER	1.00	Officer Director	$0	$0	$0
STEPHEN JOYEE	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
ROBERTA ROBERTI	MEMBER	1.00	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
2024	No data	No data	No data	No data
2023	$188,215	$160,467	$1,979,064	$27,748
2022	$188,258	$198,812	$2,627,246	$-10,554
2021	$196,650	$164,608	$1,940,036	$32,042
2020	$179,821	$159,892	$1,933,115	$19,929
2019	$180,495	$157,894	$1,928,104	$22,601
2018	$320,501	$137,730	$1,916,178	$182,771

FRAMINGHAM HOUSING DEVELOPMENT CORP II