COMMUNITY HOUSING LAND TRUST OF RI… - Form 990 Financial Data

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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

2005

Legal Domicile

Principal Officer

MELINA LODGE

Phone

4017215680

Tax Period

2023-07-01 to 2024-06-30

COMMUNITY HOUSING LAND TRUST OF RI INC, founded in 2005, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $71K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $80K exceeded revenue, resulting in a 12% operating deficit.

Mission

COORDINATION AND SUPPORT OF EFFORTS TO PROVIDE PERMANENT AFFORDABLE HOUSING IN COMMUNITIES ACROSS RHODE ISLAND

Program Service Accomplishments

Program 1

Expenses: $71,793 Revenue: $71,414

TO PROMOTE RELIEF TO THE POOR, DISTRESSED AND UNDERPRIVILEGED RESIDENTS OF RHODE ISLAND BY CREATING AND PRESERVING DECENT SAFE AFFORDABLE HOUSING THROUGH THE SERVICES OF A COMMUNITY LAND TRUST.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $71,414

Investment Income $0

Other Revenue $0

TOTAL REVENUE $71,414

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $71,793

Other Expenses $79,670

TOTAL EXPENSES $79,670

Year-over-Year Comparison

	2023	2022	Change
Revenue	$71,414	$97,095	-0.3%
Expenses	$79,670	$73,492	+0.1%
Net Income	$-8,256	$23,603	-1.3%

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
JOSEPH F GARLICK JR	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTIAN BELDEN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
COLIN PENNY	SECRETARY	1.00	Officer Director	$0	$0	$0
STEVE OSTIGUY	DIRECTOR	1.00	Director	$0	$0	$0
JAMES SCARAMOZZA	DIRECTOR	1.00	Director	$0	$0	$0
ANNETTE BOURNE	DIRECTOR	1.00	Director	$0	$0	$0
TYLER MACMILLIAN	DIRECTOR	1.00	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
2025	No data	No data	No data	No data
2024	$71,414	$79,670	$920,645	$-8,256
2023	$97,095	$73,492	$918,628	$23,603
2022	$57,649	$70,546	$896,893	$-12,897
2021	$117,630	$62,047	$910,207	$55,583
2020	$79,203	$49,815	$879,785	$29,388
2019	$46,309	$36,666	$823,482	$9,643
2018	$52,686	$34,946	$813,431	$17,740

COMMUNITY HOUSING LAND TRUST OF RI INC