CAMBRIDGE NEIGHBORHOOD APARTMENT H… - 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

1983

Legal Domicile

Principal Officer

SARA BARCAN

Phone

6178684858

Tax Period

2024-07-01 to 2025-06-30

CAMBRIDGE NEIGHBORHOOD APARTMENT HOUSING SERVICES INC, founded in 1983, is a community nonprofit in the Housing & Shelter sector that reported $2.4M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.9M, a strong 80% operating margin.

Mission

CAMBRIDGE NEIGHBORHOOD APARTMENT HOUSING SERVICES, INC WAS ORGANIZED TO PROMOTE COOPERATIVE EFFORTS IN THE CITY OF CAMBRIDGE TO PEOPLE OF ALL RELIGIONS AND NATIONALITIES WHO DESIRE TO LIVE IN DECENT, SAFE, SANITARY CONDITIONS AND TO SERVE AS A REFERRAL CENTER FOR THE PROVISION OF INFORMATION AND TECHNICAL ASSISTANCE REGARDING HOUSING REHABILITATION AND TO PROVIDE AFFORDABLE LOANS OR OTHER FINANCING ASSISTANCE TO PROPERTY OWNERS TO MAKE IMPROVEMENTS CONSISTENT WITH LOCAL HOUSING CODES WHEN ADEQUATE PRIVATE FINANCING CAN NOT BE OBTAINED.

Program Service Accomplishments

Program 1

Expenses: $428,688 Revenue: $1,655,339

TECHNICAL ASSISTANCE & LOW COST LOANS TO PROPERTY OWNERS OF LOW & MODERATE INCOME HOUSING IN CAMBRIDGE TO MAKE IMPROVEMENTS CONSISTENT WITH LOCAL HOUSING CODES WHEN ADEQUATE PRIVATE FINANCING IS...

TECHNICAL ASSISTANCE & LOW COST LOANS TO PROPERTY OWNERS OF LOW & MODERATE INCOME HOUSING IN CAMBRIDGE TO MAKE IMPROVEMENTS CONSISTENT WITH LOCAL HOUSING CODES WHEN ADEQUATE PRIVATE FINANCING IS UNOBTAINABLE.

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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 $464,689

Program Service Revenue $1,655,339

Investment Income $281,714

Other Revenue $11,900

TOTAL REVENUE $2,413,642

Expense Breakdown

Grants Paid $5,497

Salaries & Benefits $296,278

Fundraising Expenses $0

Program Expenses $428,688

Other Expenses $169,311

TOTAL EXPENSES $471,086

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,413,642	$2,144,478	+0.1%
Expenses	$471,086	$427,848	+0.1%
Net Income	$1,942,556	$1,716,630	+0.1%

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

$276,438

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN RICHARDS	PRESIDENT	5.00	Officer Director	$0	$0	$0
LEONARD SINGER	CLERK	5.00	Officer Director	$0	$0	$0
TIMOTHY BOMBARD	TREASURER	5.00	Officer Director	$0	$0	$0
CHRIS COTTER	BOARD MEMBER	5.00	Director	$0	$0	$0
LAUREN CURRY	BOARD MEMBER	5.00	Director	$0	$0	$0
BARBARA CRYSTAL	BOARD MEMBER	5.00	Director	$0	$0	$0
ESTHER HANIG	BOARD MEMBER	5.00	Director	$0	$0	$0
MICHAEL JOHNSTON	BOARD MEMBER	5.00	Director	$0	$0	$0
DELFINE MASONGO	BOARD MEMBER	5.00	Director	$0	$0	$0
SARA BARCAN	EXECUTIVE DIRECTOR	5.00	Director	$0	$40,149	$276,438
HIEN BURNHAM	CONTROLLER	5.00	Highest	$0	$35,916	$178,762
LEE DEPIETRO	DIRECTOR OF ASSET MANAGEMENT	5.00	Highest	$0	$12,684	$164,820
KATE GILMORE	DIRECTOR OF REAL ESTATE	5.00	Highest	$0	$23,262	$156,608
SUSAN TWOMEY	DIRECTOR OF CONSTRUCTION A	5.00	Highest	$0	$19,712	$164,716
WILL MONSON	SENIOR PROJECT MANAGER	5.00	Highest	$0	$19,100	$150,464

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	$2,413,642	$471,086	$38,794,706	$1,942,556
2024	$2,144,478	$427,848	$36,870,535	$1,716,630
2023	$1,760,140	$334,668	$35,161,517	$1,425,472
2022	$1,708,785	$339,737	$33,973,958	$1,369,048
2021	$1,716,879	$279,325	$32,440,290	$1,437,554
2020	$1,594,891	$353,630	$31,222,390	$1,241,261
2019	$1,538,410	$388,305	$29,907,776	$1,150,105
2018	$1,696,711	$362,409	$28,957,440	$1,334,302

CAMBRIDGE NEIGHBORHOOD APARTMENT HOUSING SERVICES INC