DORCHESTER, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)VIETNAMESE AMERICAN INITIATIVE FOR DEVELOPMENT INC, founded in 1994, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $1.9M left a modest 9% surplus.
VIETAID'S MISSION IS TO BUILD A STRONG VIETNAMESE COMMUNITY AND A VIBRANT FIELDS CORNER THROUGH THE FOLLOWING MEASURES: PROMOTING CIVIC ENGAGEMENT AND COMMUNITY BUILDING; DEVELOPING AFFORDABLE HOUSING AND COMMERCIAL SPACE; ENRICHING YOUTH LEADERSHIP; OFFERING HIGH-QUALITY CHILD AND SENIOR CARE; AND PROVIDING DIVERSE DIRECT AND SOCIAL SERVICES.
REAL ESTATE DEVELOPMENT - AS A COMMUNITY DEVELOPMENT CORPORATION, VIETAID'S PRIMARY GOAL IS TO DEVELOP AFFORDABLE HOUSING TO SUPPORT STABILIZING THE WORKING CLASS CORE OF DORCHESTER. ONE WAY WE HAVE...
REAL ESTATE DEVELOPMENT - AS A COMMUNITY DEVELOPMENT CORPORATION, VIETAID'S PRIMARY GOAL IS TO DEVELOP AFFORDABLE HOUSING TO SUPPORT STABILIZING THE WORKING CLASS CORE OF DORCHESTER. ONE WAY WE HAVE WORKED TO ACHIEVE THIS GOAL IS BY BUILDING AFFORDABLE HOUSING DEVELOPMENTS AND DEED RESTRICTING THEM IN PERPETUITY TO CREATE STABILITY AMONG HOUSING OFFERINGS IN THE COMMUNITY. VIETAID HAS DEVELOPED FIVE SIGNIFICANT, MIXED-USE AFFORDABLE HOUSING PROJECTS, ALL OF WHICH ARE LOCATED WITHIN A HALF-MILE RADIUS OF PUBLIC TRANSPORTATION IN DORCHESTER. VIETAID HAS HIRED TRINITY MANAGEMENT, LLC, A COMPANY THAT SPECIALIZES IN MANAGING AFFORDABLE HOUSING IN AN URBAN SETTING, TO MANAGE OUR PORTFOLIO OF 123 AFFORDABLE RENTAL UNITS THAT PROVIDE AFFORDABLE AND QUALITY HOUSING TO OVER 123 FAMILIES AND INDIVIDUALS. WE HELP APPLICANTS NAVIGATE LOW-INCOME HOUSING TAX CREDITS (LIHTC) AND THE MASSACHUSETTS RENTAL VOUCHER PROGRAMS (MVRP).AS A MASSACHUSETTS HOMEOWNERSHIP COLLABORATIVE APPROVED COUNSELING AGENCY, VIETAID SUPPORTS FAMILIES THROUGH THE PROCESS OF RENTING A HOME OR ACQUIRING AFFORDABLE HOUSING, INCLUDING UNDERSTANDING TENANT AND LANDLORD'S RIGHTS AND RESPONSIBILITIES AND NAVIGATING THE CONTRACT BETWEEN THE HOUSING AGENT, LANDLORD, AND TENANT. VIETAID'S FIRST-TIME HOMEBUYER TRAINING TEACHES ABOUT BASIC HOME PURCHASING, FINANCING APPLICATION PROCEDURES, BUILDING CREDIT, MORTGAGE QUALIFICATION, FINANCIAL LITERACY, AND HOMEOWNERSHIP. VIETAID IS THE ONLY PROGRAM IN MASSACHUSETTS THAT PROVIDES HOME BUYING COUNSELING IN VIETNAMESE. WE HAVE ASSISTED OVER 400 FAMILIES THROUGH HOUSING COUNSELING PROGRAMS AND CERTIFIED APPROXIMATELY 600 LIMITED ENGLISH PROFICIENT INDIVIDUALS IN OUR TEN-HOUR WORKSHOPS. VIETAID HELPS LOW-INCOME FAMILIES IMPROVE THEIR INCOME AS WELL AS ACCUMULATE AND EXPAND FAMILY WEALTH BY EDUCATING 250-300 PROSPECTIVE HOMEBUYERS/HOMEOWNERS ON THE HOME-BUYING PROCESS AND HOMEOWNERSHIP, ASSISTING 40-50 GRADUATES IN PURCHASING THEIR FIRST HOMES, AND ASSISTING 100 HOMEOWNERS TO ACCESS RESOURCES TO RETROFIT OR REPAIR THEIR HOMES.
COMMUNITY ORGANIZING AND SUPPORT - VIETAID PARTICIPATES IN AND HOSTS A NUMBER OF EVENTS THROUGHOUT THE YEAR, RECOGNIZING THAT THE CELEBRATION OF A VARIETY OF OCCASIONS ARE KEY TO BUILDING A SENSE OF...
COMMUNITY ORGANIZING AND SUPPORT - VIETAID PARTICIPATES IN AND HOSTS A NUMBER OF EVENTS THROUGHOUT THE YEAR, RECOGNIZING THAT THE CELEBRATION OF A VARIETY OF OCCASIONS ARE KEY TO BUILDING A SENSE OF UNITY AND BELONGING WITHIN THE COMMUNITY. SOME OF THESE INCLUDE: TET, THE VIETNAMESE LUNAR NEW YEAR; DORCHESTER DAY PARADE; AND MANY MORE. IN ADDITION TO VIETAID LED EVENTS, WE ALSO COLLABORATE WITH A WIDE RANGE OF COMMUNITY ORGANIZATIONS AND PARTNERS TO HELP BROADEN OUR REACH IN ENGAGEMENT. WE PARTICIPATE THROUGH VARIOUS MEANS SUCH AS BEING PART OF OTHER HOSTED EVENTS OR COMMUNITY MEETINGS. SOME OF THESE INCLUDE: A TET TALK AT THE MUSEUM OF FINE ARTS; LOVE YOUR BLOCK (A CITY-WIDE CLEAN-UP INITIATIVE); AND MORE.BEYOND CULTURAL CELEBRATIONS AND COMMUNITY SERVICE, VIETAID IS COMMITTED TO PROMOTING SOCIAL JUSTICE AND ADVOCATING FOR AND WITH COMMUNITY MEMBERS ON A NUMBER OF ISSUES. OVER THE YEARS, OUR ORGANIZATION HAS LED CANVASSING EFFORTS FOR INCREASED CIVIC ENGAGEMENT, ENGAGED IN ACTIONS AGAINST DISPLACEMENT, AND SUPPORTED MANY OTHER MOVEMENTS THAT IMPACT OUR COMMUNITY.OLDER ADULT PROGRAM: IN 2018, VIETAID TOOK OVER A DROP IN DAY PROGRAM FOR OLDER ADULTS IN THE DORCHESTER NEIGHBORHOOD. THE ONLY FREE PROGRAM, THIS PROGRAM PROMOTES HEALTHY AGING THROUGH WELLNESS AND CIVIC ENGAGEMENT. BETWEEN 85-120 PARTICIPANTS VISIT THE PROGRAM ON A DAILY BASIS.
EARLY EDUCATION - FOUNDED IN 2005, AU CO PRESCHOOL IS THE FIRST AND ONLY VIETNAMESE BILINGUAL AND BICULTURAL PRESCHOOL PROGRAM IN MASSACHUSETTS. AU CO IS A MASSACHUSETTS DEPARTMENT OF EARLY EDUCATION...
EARLY EDUCATION - FOUNDED IN 2005, AU CO PRESCHOOL IS THE FIRST AND ONLY VIETNAMESE BILINGUAL AND BICULTURAL PRESCHOOL PROGRAM IN MASSACHUSETTS. AU CO IS A MASSACHUSETTS DEPARTMENT OF EARLY EDUCATION AND CARE CERTIFIED PROGRAM. MOST CHILDREN ARE SUPPORTED WITH TUITION SUPPORT FROM THE GOVERNMENT OR OUR SCHOLARSHIP PROGRAM. RUN BY SEVEN, EXPERIENCED BILINGUAL AND BICULTURAL DAYCARE PROVIDERS, AU CO PREPARES OUR STUDENTS TO ENROLL IN KINDERGARTEN IN THE BOSTON PUBLIC SCHOOLS WITH AN APPROACH TO EDUCATION THAT SUPPORTS PHYSICAL, SOCIAL, EMOTIONAL, AND COGNITIVE DEVELOPMENT. SPANISH AND PORTUGUESE LANGUAGE SUPPORT ALSO AVAILABLE. OUR CLASSROOMS HAVE A STUDENT: TEACHER RATIO OF 8:1.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $2,041,022 | $2,398,830 | -0.1% |
| Expenses | $1,861,004 | $2,641,398 | -0.3% |
| Net Income | $180,018 | $-242,568 | -1.7% |
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 |
|---|---|---|---|---|---|---|
| KIM THAI | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN HO | CO-CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DANIELLE GOATLEY | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KERRY MCGOWAN | CLERK | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KHANG NGUYEN | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JIM COLLINS | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| AISHA MILLER | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| THERESA TRAN | MEMBER (AS OF 2024) | 1.00 |
Director
|
$0 | $0 | $0 |
| GEORGE HUYNH | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$126,735 | $3,850 | $130,585 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $2,041,022 | $1,861,004 | $8,237,266 | $180,018 |
| 2023 | $2,398,830 | $2,641,398 | $6,572,826 | $-242,568 |
| 2022 | $1,939,615 | $2,104,763 | $5,585,930 | $-165,148 |
| 2021 | $2,891,262 | $2,480,925 | $5,524,818 | $410,337 |
| 2020 | $2,901,778 | $2,203,203 | $5,246,221 | $698,575 |
| 2019 | $1,143,845 | $1,649,424 | $4,352,716 | $-505,579 |
| 2019 | $1,243,722 | $1,532,831 | $3,970,229 | $-289,109 |
| 2018 | $1,216,568 | $1,807,143 | $4,191,322 | $-590,575 |
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