Commonwealth Housing Legal Services

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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

2006

Legal Domicile

Principal Officer

Kim Dolan

Phone

2155727300

Tax Period

2024-11-01 to 2025-10-31

Commonwealth Housing Legal Services, founded in 2006, is a small nonprofit in the Medical Research sector that reported $417K in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $692K exceeded revenue, resulting in a 66% operating deficit.

Mission

Provide legal services to community based organizations providing low and moderate income families with greater access to affordable housing.

Program Service Accomplishments

Program 1

Expenses: $691,520 Revenue: $417,300

Assistance provided to other non profit organizations for legal services and tax credit representations.

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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 $174,800

Program Service Revenue $242,500

Investment Income $0

Other Revenue $0

TOTAL REVENUE $417,300

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $691,520

Other Expenses $691,930

TOTAL EXPENSES $691,930

Year-over-Year Comparison

	2024	2023	Change
Revenue	$417,300	$848,693	-0.5%
Expenses	$691,930	$346,176	+1.0%
Net Income	$-274,630	$502,517	-1.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Larry Swanson	President	1.00	Officer	$0	$0	$0
Lorissa Luciani	Vice President	0.50	Officer	$0	$0	$0
Rose Gray	Treasurer	1.00	Officer	$0	$0	$0
Andy Frishkoff	Secretary	0.50	Officer	$0	$0	$0
Jerome Mitchell	Member	0.50	Director	$0	$0	$0
Sarah Ralich	Member	0.50	Director	$0	$0	$0
Rick Sauer	Member	0.50	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
2025	$417,300	$691,930	$1,048,234	$-274,630
2024	$848,693	$346,176	$1,020,656	$502,517
2023	$701,232	$649,327	$871,028	$51,905
2022	$150,085	$409,166	$546,218	$-259,081
2021	$699,820	$274,953	$760,384	$424,867
2020	$370,000	$163,502	$270,487	$206,498
2019	$386,000	$402,195	$63,989	$-16,195
2018	$131,085	$294,136	$80,184	$-163,051