NORTH ADAMS, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)TO PROVIDE AFFORDABLE HOUSING OPTIONS TO THE RESIDENTS OF NORTH ADAMS, MA VIA HOMEOWNERSHIP.
THE ORGANIZATION OWNED AND RENTED RESIDENTIAL HOUSING TO LOW & MODERATE INCOME FAMILIES. THE ACCESS TO THE HOUSING UNITS WAS ONLY AVAILABLE TO THOSE INDIVIDUALS OR FAMILIES WHOSE ANNUAL INCOME IS...
THE ORGANIZATION OWNED AND RENTED RESIDENTIAL HOUSING TO LOW & MODERATE INCOME FAMILIES. THE ACCESS TO THE HOUSING UNITS WAS ONLY AVAILABLE TO THOSE INDIVIDUALS OR FAMILIES WHOSE ANNUAL INCOME IS LESS THAN 60% OF AREA MEDIAN INCOME. THE ORGANIZATION HAD ALSO ACQUIRED RESIDENTIAL HOUSING THAT WAS AVAILABLE FOR SALE TO MODERATE INCOME BUYERS. THE ORGANIZATION HAD ACCEPTED AND RECEIVED MORTGAGE NOTES FROM THE BUYERS OF THE AFFORDABLE HOUSING UNITS. THESE MORTGAGES WERE BEING SERVICED BY THE ORGANIZATION UNTIL THE ORGANIZATION TRANSFERRED THE MORTGAGES TO THE CITY OF NORTH ADAMS EFFECTIVE 9/7/17. THE ORGANIZATION TRANSFERRED ITS RENTAL PROPERTY TO ANOTHER NON-PROFIT ORGANIZATION EFFECTIVE 6/27/17 AND TRANSFERRED SEVEN PROPERTIES AVAILABLE FOR SALE TO THE CITY OF NORTH ADAMS EFFECTIVE 9/7/17. THE SOLE PROPERTY WAS TRANSFERRED TO THE CITY OF NORTH ADAMS ON 9/30/2018. THE REMAINING ASSETS OF THE ORGANIZATION WERE TRANSFERRED TO THE CITY OF NORTH ADAMS ON 9/30/19 UPON DISSOLUTION OF THE ORGANIZATION.
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)| 2018 | 2017 | Change | |
|---|---|---|---|
| Revenue | N/A | $10,605 | -1.0% |
| Expenses | N/A | $10,008 | -1.0% |
| Net Income | N/A | $597 | N/A |
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 |
|---|---|---|---|---|---|---|
| COLIN TODD | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LEIGH UQDAH | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICHARD LAVIGNE | RESIDENT MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JENNIFER D HOHN | EXECUTIVE DIRECTOR | 1.00 |
Officer
|
$0 | $15,209 | $106,736 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2019 | No data | No data | No data | No data |
| 2018 | $10,605 | $10,008 | $279,541 | $597 |
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