QUADRAPLEX HOUSING INC

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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

1984

Legal Domicile

Principal Officer

CHRISTINE MACDONALD

Phone

7814224200

Tax Period

2024-07-01 to 2025-06-30

QUADRAPLEX HOUSING INC, founded in 1984, is a small nonprofit in the Housing & Shelter sector that reported $376K in total revenue in fiscal year 2024. Expenses of $331K left a modest 12% surplus.

Mission

ACQUIRE, REHABILITATE, OWN, MAINTAIN AND OPERATE LOW AND MODERATE INCOME HOUSING UNITS

Program Service Accomplishments

Program 1

Expenses: $295,547 Revenue: $338,252

QUADRAPLEX HOUSING, INC. PROVIDED 20 UNITS OF RESIDENTIAL HOUSING TO LOW AND MEDERATE INCOME FAMILIES IN KINGSTON, MASSACHUSETTS.

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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 $28,639

Program Service Revenue $338,166

Investment Income $9,543

Other Revenue $86

TOTAL REVENUE $376,434

Expense Breakdown

Grants Paid $0

Salaries & Benefits $61,727

Fundraising Expenses $0

Program Expenses $295,547

Other Expenses $269,198

TOTAL EXPENSES $330,925

Year-over-Year Comparison

	2024	2023	Change
Revenue	$376,434	$380,340	0.0%
Expenses	$330,925	$323,079	+0.0%
Net Income	$45,509	$57,261	-0.2%

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

$574,279

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE BORGERSON	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY CHARNEL	DIRECTOR	2.00	Director	$0	$0	$0
CAROL DELOREY	DIRECTOR	2.00	Director	$0	$0	$0
DOMINGA MALDONADO	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL HEALY	DIRECTOR	2.00	Director	$0	$0	$0
GORETTI JOAQUIM	ASSISTANT CLERK	2.00	Officer Director	$0	$0	$0
THOMAS KING	DIRECTOR	2.00	Director	$0	$0	$0
ELVIRA CALDERIRA	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT CORLEY	CHIEF EXECUTIVE OFFICER	2.00	Director	$0	$43,985	$350,372
CHRISTINE MACDONALD	CHIEF FINANCIAL OFFICER	2.00	Director	$0	$18,059	$223,907
MICHAEL MCGOWAN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ANTOINETTE PABON-GREEN	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD PETERSON	DIRECTOR	2.00	Director	$0	$0	$0
CAROLINA SUSTACHE	DIRECTOR	2.00	Director	$0	$0	$0
PAT GIBSON	DIRECTOR	2.00	Director	$0	$0	$0
BEVERLY SOMERVILLE	CHAIR	2.00	Officer Director	$0	$0	$0
DAVID KILNAPP	TREASURER	2.00	Officer Director	$0	$0	$0
PATRICK NEENAN	VICE TREASURER	2.00	Officer Director	$0	$0	$0
JEFF GRAEBER	CLERK	2.00	Officer 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	$376,434	$330,925	$1,458,126	$45,509
2024	$380,340	$323,079	$1,394,462	$57,261
2023	$277,927	$298,267	$1,321,171	$-20,340
2022	$281,634	$307,464	$1,326,442	$-25,830
2021	$277,726	$295,617	$1,326,755	$-17,891
2020	$281,570	$275,725	$1,336,923	$5,845
2019	$283,114	$289,190	$1,310,635	$-6,076