COMMONWEALTH LAND TRUST INC

EIN: 222753637 501(c)(3) Housing & Shelter

ROXBURY, MA

Total Revenue
$12,341,263
Total Expenses
$9,549,172
Total Assets
$37,745,456
Net Assets
$15,527,326
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
MA
Principal Officer
IVA COMEY
Phone
6174454075
Tax Period
2024-01-01 to 2024-12-31

COMMONWEALTH LAND TRUST INC, founded in 1985, is a mid-sized nonprofit in the Housing & Shelter sector that reported $12.3M in total revenue in fiscal year 2024. Revenue surged 64% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 23% operating margin.

Mission

LOW INCOME HOUSING.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,932,129
Program Service Revenue $4,408,391
Investment Income $320
Other Revenue $423
TOTAL REVENUE $12,341,263

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,530,246
Fundraising Expenses $0
Program Expenses $8,433,243
Other Expenses $5,018,926
TOTAL EXPENSES $9,549,172

Year-over-Year Comparison

2024 2023 Change
Revenue $12,341,263 $7,547,410 +0.6%
Expenses $9,549,172 $6,952,451 +0.4%
Net Income $2,792,091 $594,959 +3.7%
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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Governance

Voting Members
10
Independent Members
9
Employees
79
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
6
$373,907
Total Directors
10
$209,941
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
IVA COMEY PRESIDENT/CEO 40.00
Officer Director
$209,941 $0 $209,941
ALBERTO CHANG LCSW DIRECTOR 0.50
Director
$0 $0 $0
ALEXANDER SCHULTZ VICE CHAIR 0.50
Officer Director
$0 $0 $0
ALEXANDRA SCHWEITZER DIRECTOR 0.50
Director
$0 $0 $0
DAVID ROSENBLATT DIRECTOR 0.50
Director
$0 $0 $0
BRUCE HENDERSON CHAIR 0.50
Officer Director
$0 $0 $0
MARVA SEROTKIN DIRECTOR 0.50
Director
$0 $0 $0
DAVID HALE CLERK 0.50
Officer Director
$0 $0 $0
TAMIRIRASHE GAMBIZA TREASURER 0.50
Officer Director
$0 $0 $0
AMANDA WALL DIRECTOR 0.50
Director
$0 $0 $0
MONICA JUSCEN CFO 40.00
Officer
$162,350 $1,616 $163,966
BRENDA WILSON DIR OF HOUSING 40.00
Highest
$126,380 $1,604 $127,984
ELISE RANGER DIR OF CLINICAL SERVICES 40.00
Highest
$139,216 $894 $140,110
STEVE WILKENS DIR OF OUTREACH 40.00
Highest
$130,104 $1,670 $131,774
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
2024 $12,341,263 $9,549,172 $37,745,456 $2,792,091
2023 $7,547,410 $6,952,451 $29,886,402 $594,959
2022 $7,239,229 $5,994,301 $30,569,151 $1,244,928
2021 $6,511,763 $4,879,023 $29,665,338 $1,632,740
2020 $4,252,540 $3,777,942 $26,483,381 $474,598
2019 $3,860,353 $3,442,802 $25,751,263 $417,551
2018 $3,721,873 $3,767,020 $25,612,242 $-45,147
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