COMMONWEALTH HOUSING INC C/O ALLST… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

JOHN WOODS

Phone

6177873874

Tax Period

2024-01-01 to 2024-12-31

COMMONWEALTH HOUSING INC C/O ALLSTON BRIGHTON CDC, founded in 1996, is a micro nonprofit in the Housing & Shelter sector that reported $50K in total revenue in fiscal year 2024. The organization ran a surplus of $46K, a strong 93% operating margin.

Mission

THE ENTITY OWNS LAND AND LEASES IT TO COMMGLEN LLC THROUGH A GROUNDLEASE FOR THE 118 UNITS OF LOW AND MODERATE INCOME HOUSING.

Program Service Accomplishments

Program 1

Expenses: $3,568 Revenue: $50,000

THE ENTITY OWNS LAND AND LEASES IT TO COMMGLEN LLC THROUGH A GROUNDLEASE FOR THE 118 UNITS OF LOW AND MODERATE INCOME HOUSING. THE ORGANIZATION WORKS TO FOSTER AND SUPPORT TENANT EMPOWERMENT BY...

THE ENTITY OWNS LAND AND LEASES IT TO COMMGLEN LLC THROUGH A GROUNDLEASE FOR THE 118 UNITS OF LOW AND MODERATE INCOME HOUSING. THE ORGANIZATION WORKS TO FOSTER AND SUPPORT TENANT EMPOWERMENT BY PROVIDING AFFORDABLE HOUSING AND RELATED SERVICES, AND TO ENCOURAGE TENANT PARTICIPIATION IN THE OPERATION, MAINTENANCE AND MANAGEMENT OF THEIR HOUSING.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $50,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $50,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,568

Other Expenses $3,568

TOTAL EXPENSES $3,568

Year-over-Year Comparison

	2024	2023	Change
Revenue	$50,000	$50,000	N/A
Expenses	$3,568	$2,583	+0.4%
Net Income	$46,432	$47,417	0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
MARIA ECHAVARRIA	PRESIDENT	0.25	Officer Director	$0	$0	$0
MICHAEL HELSMOORTEL	TREASURER	0.25	Officer Director	$0	$0	$0
JOHN WOODS	CLERK	0.25	Officer Director	$0	$0	$0
OTILIA LAGOS	MEMBER	0.25	Director	$0	$0	$0
BRIGHTON LEW	MEMBER	0.25	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	$50,000	$3,568	$1,803,891	$46,432
2023	$50,000	$2,583	$1,753,905	$47,417
2022	$50,000	$4,606	$1,703,981	$45,394
2021	$50,000	$18,529	$1,656,287	$31,471
2020	$50,000	$55,104	$1,624,816	$-5,104
2019	$50,000	$177,684	$1,629,920	$-127,684
2018	$59,431	$4,516	$1,757,604	$54,915

COMMONWEALTH HOUSING INC C/O ALLSTON BRIGHTON CDC