NORTHBOROUGH AFFORDABLE HOUSING CORPORATION (EIN 043239046) - 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

Phone

5086851001

Tax Period

2021-01-01 to 2021-12-31

NORTHBOROUGH AFFORDABLE HOUSING CORPORATION, founded in 1993, is a micro nonprofit in the Housing & Shelter sector that reported $36K in total revenue in fiscal year 2021. Expenses of $54K exceeded revenue, resulting in a 49% operating deficit.

Mission

TO FINANCE, DEVELOP, CONTROL , ACQUIRE, PURCHASE, SELL, REHABILITATE AND OWN DIVERSE TYPES OF HOUSING IN THE TOWN OF NORTHBOROUGH, MA OR TO OTHERWISE FACILITATE THE SAME DESIGNED TO PROVIDE SAFE, SANITARY AND SUITABLE LIVING ACCOMMODATIONS OF ANY AND EVERY TYPE AND KIND PRIMARILY FOR THE BENEFIT OF LOW, MODERATE AND MIDDLE CLASS PERSONS RESIDING OR WORKING IN THE TOWN OF NORTHBOROUGH, MA.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $36,000

Investment Income $45

Other Revenue $0

TOTAL REVENUE $36,045

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $51,397

Other Expenses $53,593

TOTAL EXPENSES $53,593

Year-over-Year Comparison

	2021	2020	Change
Revenue	$36,045	$37,262	0.0%
Expenses	$53,593	$54,091	0.0%
Net Income	$-17,548	$-16,829	+0.0%

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

N/A

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
GEORGE PEMBER	Director	1.00	Director	$0	$0	$0
JANE FLETCHER	CLERK/Director	1.00	Director	$0	$0	$0
RICHARD LEIF	Treasurer/dir	1.00	Officer Director	$0	$0	$0
RAE CARLSEN	Pres./DIRECTOR	1.00	Officer Director	$0	$0	$0
MICHAEL DURKIN	Director	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
2021	$36,045	$53,593	$500,765	$-17,548
2020	$37,262	$54,091	$518,313	$-16,829
2019	$38,544	$45,077	$535,142	$-6,533
2018	$130,935	$156,095	$541,675	$-25,160

NORTHBOROUGH AFFORDABLE HOUSING CORPORATION