FIELDS CORNER HOUSING CORPORATION

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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

1999

Legal Domicile

Principal Officer

GEORGE HUYNH

Phone

6178223717

Tax Period

2024-01-01 to 2024-12-31

FIELDS CORNER HOUSING CORPORATION, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $276K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $314K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME RESIDENTS IN THE FIELDS CORNER AND GREATER DORCHESTER AREA.

Program Service Accomplishments

Program 1

Expenses: $305,618 Revenue: $275,462

TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME IN THE FIELDS CORNER AND GREATER DORCHESTER AREA

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $273,053

Investment Income $940

Other Revenue $2,409

TOTAL REVENUE $276,402

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $305,618

Other Expenses $313,724

TOTAL EXPENSES $313,724

Year-over-Year Comparison

	2024	2023	Change
Revenue	$276,402	$212,022	+0.3%
Expenses	$313,724	$324,149	0.0%
Net Income	$-37,322	$-112,127	-0.7%

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

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

$130,585

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM THAI	CHAIR	0.10	Officer Director	$0	$0	$0
JOHN HO	CO-CHAIR	0.10	Officer Director	$0	$0	$0
DANIELLE GOATLEY	TREASURER	0.10	Officer Director	$0	$0	$0
KERRY MCGOWAN	CLERK	0.10	Officer Director	$0	$0	$0
KHANG NGUYEN	MEMBER	0.10	Director	$0	$0	$0
JIM COLLINS	MEMBER	0.10	Director	$0	$0	$0
AISHA MILLER	MEMBER	0.10	Director	$0	$0	$0
THERESA TRAN	MEMBER (AS OF 2024)	0.10	Director	$0	$0	$0
GEORGE HUYNH	EXECUTIVE DIRECTOR	0.50	Officer	$0	$3,850	$130,585

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	$276,402	$313,724	$4,688,498	$-37,322
2023	$212,022	$324,149	$4,241,269	$-112,127
2022	$216,776	$275,145	$3,645,294	$-58,369
2021	$217,677	$735,514	$3,270,677	$-517,837
2020	$668,925	$228,982	$5,653,740	$439,943
2019	$220,648	$259,037	$3,616,579	$-38,389
2019	$207,172	$217,701	$3,637,699	$-10,529
2018	$206,693	$248,630	$3,030,705	$-41,937