ESSEX STREET MANAGEMENT INC (EIN 043534715) - Form 990 Financial Analysis & Trantor Score

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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

2003

Legal Domicile

Principal Officer

JOHN FILIP

Phone

6175206387

Tax Period

2024-01-01 to 2024-12-31

ESSEX STREET MANAGEMENT INC, founded in 2003, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum. The organization ran a surplus of $527K, a strong 40% operating margin.

Mission

PROVIDES MANAGEMENT AND SUPPORTING SERVICES FOR RELATED ORGANIZATIONS IN CAMBRIDGE, MA

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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 $835,184

Investment Income $496,303

Other Revenue $0

TOTAL REVENUE $1,331,487

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,469

Fundraising Expenses $0

Program Expenses $578,784

Other Expenses $756,655

TOTAL EXPENSES $804,124

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,331,487	$933,646	+0.4%
Expenses	$804,124	$544,182	+0.5%
Net Income	$527,363	$389,464	+0.4%

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

$2,202,364

Total Directors

$639,847

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL J JOHNSTON	CLERK	1.00	Officer Director	$0	$84,744	$354,675
GORAN SMILJIC	DIRECTOR OF CONSTRUCTION	1.00	Director	$0	$54,581	$285,172
ELAINE DEROSA	PRESIDENT	1.00	Officer Director	$0	$0	$0
SUSAN T CONNELLY	VICE-PRESIDENT	1.00	Director	$0	$0	$0
GERALD J CLARK	TREASURER	1.00	Officer Director	$0	$0	$0
LOUIS BACCI III	DIRECTOR	1.00	Officer Director	$0	$0	$0
VICTORIA BERGLAND	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET DONNELLY-MORAN	DEPUTY EXECUTIVE DIRECTOR	1.00	Officer	$0	$75,774	$391,886
JOHN FILIP	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$72,614	$339,323
BRENDA SNOWDEN DOWNING	DEPUTY EXECUTIVE DIRECTOR	1.00	Officer	$0	$83,048	$345,817
JOE DIMAMBRO	DEPUTY FISCAL DIRECTOR	1.00	Officer	$0	$61,882	$235,229
KEVIN J BRAGA	DIRECTOR OF OPERATIONS	1.00	Officer	$0	$75,026	$282,879
JOHN LINDAMOOD	DIRECTOR OF RESIDENT SERVI	1.00	Officer	$0	$61,306	$252,555
CLARA FRADEN	DIRECTOR OF PLANNING	1.00	Highest	$0	$54,438	$283,190
ROBERT KELSEY	DIRECTOR OF HUMAN RESOURCES	1.00	Highest	$0	$56,874	$253,501
SHAYLA SIMMONS	GENERAL COUNSEL	1.00	Highest	$0	$70,317	$258,275
SUSAN MARIE NOHL	DIRECTOR OF LEASED HOUSING	1.00	Highest	$0	$45,311	$232,727

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	$1,331,487	$804,124	$50,435,574	$527,363
2023	$933,646	$544,182	$50,026,932	$389,464
2022	$4,400,600	$4,348,964	$48,042,130	$51,636
2021	$1,080,953	$1,090,459	$44,198,905	$-9,506
2020	$3,952,569	$4,000,629	$43,744,253	$-48,060
2019	$2,898,528	$2,824,286	$40,222,742	$74,242
2018	$6,172,971	$6,225,647	$42,863,672	$-52,676

ESSEX STREET MANAGEMENT INC