526 PARK STREET INC C/O CODMAN SQUARE NDC

EIN: 043426177 501(c)(3) Housing & Shelter

DORCHESTER, MA

Total Revenue
$234,336
Total Expenses
$343,194
Total Assets
$1,038,740
Net Assets
$-499,978
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MA
Principal Officer
GAIL LATIMORE
Phone
6178254224
Tax Period
2024-01-01 to 2024-12-31

526 PARK STREET INC C/O CODMAN SQUARE NDC, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $234K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $343K exceeded revenue, resulting in a 46% operating deficit.

Mission

THE ORGANIZATION'S PRIMARY PURPOSE IS TO PROVIDE AFFORDABLE HOUSING TO QUALIFIED LOW-INCOME INDIVIDUALS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $230,464
Investment Income $3,872
Other Revenue $0
TOTAL REVENUE $234,336

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $343,194
Other Expenses $343,194
TOTAL EXPENSES $343,194

Year-over-Year Comparison

2024 2023 Change
Revenue $234,336 $213,737 +0.1%
Expenses $343,194 $338,068 +0.0%
Net Income $-108,858 $-124,331 -0.1%
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
10
Independent Members
10
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
4
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA MONTEIRO MEMBER 1.00
Director
$0 $0 $0
TANYA WESLEY-WHITE MEMBER 1.00
Director
$0 $0 $0
ANNETT MCCLANAHAN TREASURER 1.00
Officer Director
$0 $0 $0
LEROY GIBSON CO-CHAIR 1.00
Officer Director
$0 $0 $0
WHITNEY DEMETRIUS MEMBER 1.00
Director
$0 $0 $0
TRINE RUFFIN MEMBER 1.00
Director
$0 $0 $0
JADIRAH ORTIZ MEMBER 1.00
Director
$0 $0 $0
LAQUISA BURKE SECRETARY 1.00
Officer Director
$0 $0 $0
LATISHA CROSBY-MUTURI CO-CHAIR 0.00
Officer Director
$0 $0 $0
CARLA RICHARDS MEMBER 0.00
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
2024 $234,336 $343,194 $1,038,740 $-108,858
2023 $213,737 $338,068 $1,073,411 $-124,331
2022 $232,857 $319,551 $1,153,195 $-86,694
2021 $228,410 $298,736 $1,225,262 $-70,326
2020 $220,844 $324,648 $1,257,379 $-103,804
2019 $216,100 $316,741 $1,316,520 $-100,641
2018 $208,508 $282,510 $1,393,709 $-74,002
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