NEW BEDFORD, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GRANT PIERCE HOUSING INC C/O CORNELL MANAGEMENT CORP, founded in 2005, is a small nonprofit in the Human Services sector that reported $450K in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $130K, a strong 29% operating margin.
TO ACQUIRE, OWN AND OPERATE HOUSING FOR THE ELDERLY, PHYSICALLY HANDICAPPED, LOW INCOME INDIVIDUALS AND FAMILIES. REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) UNDER SECTION 202 SECTION 8 OF THE NATIONAL HOUSING ACT.
PREVIOUSLY PROVIDED HOUSING TO ELDERLY LOW INCOME PERSONS. IN 2016, THE BUILDING WAS TRANSFERRED TO ANOTHER ENTITY AND REHABILITATED AS A MULTIFAMILY AFFORDABLE HOUSING DEVELOPMENT. GRANT PIERCE...
PREVIOUSLY PROVIDED HOUSING TO ELDERLY LOW INCOME PERSONS. IN 2016, THE BUILDING WAS TRANSFERRED TO ANOTHER ENTITY AND REHABILITATED AS A MULTIFAMILY AFFORDABLE HOUSING DEVELOPMENT. GRANT PIERCE HOUSING INC. NOW ACTS AS THE MANAGER AND DEVELOPER FOR THIS AFFORDABLE HOUSING PROJECT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $449,727 | $262,332 | +0.7% |
| Expenses | $319,414 | $230,360 | +0.4% |
| Net Income | $130,313 | $31,972 | +3.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DIANN HAYNES | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| EDWARD ROGERS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JEANNE COSTA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBBIE WATKINS | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $449,727 | $319,414 | $280,899 | $130,313 |
| 2024 | $262,332 | $230,360 | $949,401 | $31,972 |
| 2023 | $213,910 | $290,250 | $933,830 | $-76,340 |
| 2022 | $82,765 | $15,231 | $223,637 | $67,534 |
| 2021 | $203,690 | $156,742 | $360,491 | $46,948 |
| 2020 | $187,511 | $136,801 | $981,291 | $50,710 |
| 2019 | $101,557 | $77,858 | $151,094 | $23,699 |
| 2018 | $737,426 | $544,479 | $595,839 | $192,947 |
Compare GRANT PIERCE HOUSING INC C/O CORNELL MANAGEMENT CORP with other nonprofits in Massachusetts and across the country.