HASTINGS STREET CORPORATION

EIN: 043304617 501(c)(3) Housing & Shelter

TURNERS FALLS, MA

Total Revenue
$37,812
Total Expenses
$42,054
Total Assets
$296,773
Net Assets
$-36,583
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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
1996
Legal Domicile
MA
Principal Officer
SUSAN RENFREW
Phone
4137745558
Tax Period
2017-07-01 to 2018-06-30

HASTINGS STREET CORPORATION, founded in 1996, is a micro nonprofit in the Housing & Shelter sector that reported $38K in total revenue in fiscal year 2017. Expenses of $42K exceeded revenue, resulting in a 11% operating deficit.

Mission

PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES.

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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%)

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Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $36,298
Investment Income $14
Other Revenue $1,500
TOTAL REVENUE $37,812

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $34,407
Other Expenses $42,054
TOTAL EXPENSES $42,054

Year-over-Year Comparison

2017 2016 Change
Revenue $37,812 $36,702 +0.0%
Expenses $42,054 $42,493 0.0%
Net Income $-4,242 $-5,791 -0.3%
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

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
4

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
2
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROSE DESKAVICH PRESIDENT 1.00
Officer Director
$0 $0 $0
SUSAN RENFREW TREASURER & SECRETARY 1.00
Officer Director
$0 $0 $0
DEBBIE GILBERT DIRECTOR 1.00
Director
$0 $0 $0
TONI BERRYMAN 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
2018 $37,812 $42,054 $296,773 $-4,242
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