HANCOCK ESTATES 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

2000

Legal Domicile

Principal Officer

ED MULHOLLAND

Phone

4013342802

Tax Period

2024-04-01 to 2025-03-31

HANCOCK ESTATES CORPORATION, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $532K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $652K exceeded revenue, resulting in a 23% operating deficit.

Mission

PROVIDE LOW INCOME HOUSING TO THE ELDERLY IN TIVERTON,RI UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. REGULATED BY HUD AS TO RENTAL CHARGES AND OPERATING METHODS. OPERATES A 51 UNIT APARTMENT COMPLEX IN TIVERTON, RI KNOWN AS HANCOCK ESTATES.

Program Service Accomplishments

Program 1

Expenses: $562,425 Revenue: $249,152

PROVIDE LOW INCOME HOUSING TO THE ELDERLY AND DISABLED IN THE TIVERTON, RI AREA UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.(51 UNITS)

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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 $279,694

Program Service Revenue $249,152

Investment Income $2,825

Other Revenue $0

TOTAL REVENUE $531,671

Expense Breakdown

Grants Paid $0

Salaries & Benefits $99,077

Fundraising Expenses $0

Program Expenses $562,425

Other Expenses $553,091

TOTAL EXPENSES $652,168

Year-over-Year Comparison

	2024	2023	Change
Revenue	$531,671	$490,611	+0.1%
Expenses	$652,168	$552,387	+0.2%
Net Income	$-120,497	$-61,776	+1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES DILLEY	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM ENOS	DIRECTOR	0.50	Director	$0	$0	$0
EDWARD MULHOLLAND	DIRECTOR	0.50	Director	$0	$0	$0
EUGENE MCMAHON	CHAIRMAN	0.50	Officer	$0	$0	$0
JOSEPH LAMAGNA	VICE CHAIRMAN	0.50	Officer	$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
2025	$531,671	$652,168	$2,236,473	$-120,497
2024	$490,611	$556,000	$2,280,993	$-65,389
2023	$452,211	$517,785	$2,383,659	$-65,574
2022	$384,962	$488,660	$2,470,674	$-103,698
2020	$386,049	$501,743	$2,658,013	$-115,694
2019	$354,653	$505,504	$2,754,904	$-150,851