HOUSING OPPORTUNITIES AND MANAGEME… - 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

1989

Legal Domicile

Principal Officer

MARK EVANS

Phone

7815810739

Tax Period

2024-07-01 to 2025-06-30

HOUSING OPPORTUNITIES AND MANAGEMENT ENTERPRISES INC, founded in 1989, is a small nonprofit in the Housing & Shelter sector that reported $583K in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. The organization ran a surplus of $429K, a strong 74% operating margin.

Mission

TO PROVIDE HOUSING FOR INDIVIDUALS AND FAMILIES THAT IS AFFORDABLE, SUPPORTIVE AND PROVIDES ACCESS TO SERVICES FROM THE PARENT COMPANY, LYNN SHELTER ASSOCIATION, INC.

Program Service Accomplishments

Program 1

Expenses: $90,402 Revenue: $191,704

PERMANENT HOUSING PROGRAM: THE ORGANIZATION (HOME) PROVIDES ROOM AND APARTMENT RENTALS TO A RELATED ORGANIZATION, LYNN SHELTER ASSOCIATION (LSA), IN SUPPORT OF ITS PERMANENT HOUSING PROGRAM. LSA'S...

PERMANENT HOUSING PROGRAM: THE ORGANIZATION (HOME) PROVIDES ROOM AND APARTMENT RENTALS TO A RELATED ORGANIZATION, LYNN SHELTER ASSOCIATION (LSA), IN SUPPORT OF ITS PERMANENT HOUSING PROGRAM. LSA'S PERMANENT HOUSING PROGRAM PROVIDES HOUSING TO CHRONICALLY HOMELESS AND DISABLED INDIVIDUALS. IT ALSO PROVIDES HOUSING TO FAMILIES WHERE THE HEAD OF HOUSEHOLD WAS CHRONICALLY HOMELESS AND DISABLED. LSA'S PROGRAM SERVED APPROXIMATELY 84 INDIVIDUALS DURING THE YEAR.

Program 2

Expenses: $3,988 Revenue: $7,148

AFFORDABLE HOUSING PROGRAM: THE ORGANIZATION (HOME) OPERATES A ROOMING HOUSE AND APARTMENT BUILDING IN DOWNTOWN LYNN, MA THAT PROVIDES BELOW MARKET HOUSING TO INDIVIDUALS AND FAMILIES. FUNDING FOR...

AFFORDABLE HOUSING PROGRAM: THE ORGANIZATION (HOME) OPERATES A ROOMING HOUSE AND APARTMENT BUILDING IN DOWNTOWN LYNN, MA THAT PROVIDES BELOW MARKET HOUSING TO INDIVIDUALS AND FAMILIES. FUNDING FOR THIS PROGRAM IS FROM TENANT RENTS. HOME PROVIDED AFFORDABLE BELOW MARKET HOUSING TO 3 INDIVIDUALS DURING THE YEAR.

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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 $0

Program Service Revenue $198,852

Investment Income $85

Other Revenue $384,158

TOTAL REVENUE $583,095

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $94,390

Other Expenses $154,353

TOTAL EXPENSES $154,353

Year-over-Year Comparison

	2024	2023	Change
Revenue	$583,095	$720,666	-0.2%
Expenses	$154,353	$765,667	-0.8%
Net Income	$428,742	$-45,001	-10.5%

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

$583,561

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACY GILMORE	DIRECTOR	1.00	Director	$0	$0	$0
DOMINIC FERRARI	CLERK	1.00	Officer Director	$0	$0	$0
FRANCIS MANCINI	TREASURER	1.00	Officer Director	$0	$0	$0
DACIA THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
KATIE SIROIS	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN FALTER	DIRECTOR	1.00	Director	$0	$0	$0
FRANK NITKIEWICZ	DIRECTOR	1.00	Director	$0	$0	$0
JOSHUA C JUDKINS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JUNWOO LIM	DIRECTOR	1.00	Director	$0	$0	$0
TOMMI HILL	DIRECTOR	1.00	Director	$0	$0	$0
TOM CORNU	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK EVANS	EXECUTIVE DIRECTOR	5.00	Officer	$0	$11,740	$261,740
NAT FRANKE	CFO & COO (BEGINNING MAY 2025)	5.00	Officer	$0	$12,921	$195,421
RUSSELL POULIN	COO (THROUGH MARCH 2025)	5.00	Officer	$0	$6,400	$126,400
CARALI GONZALEZ	DIRECTOR OF HUMAN RESOURCES	5.00	Highest	$0	$11,127	$128,627
KRISTEN GOFFE	DEPUTY DIRECTOR OF PROGRAM & SERVICES	5.00	Highest	$0	$251	$109,296

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	$583,095	$154,353	$799,988	$428,742
2024	$720,666	$765,667	$1,162,002	$-45,001
2023	$658,770	$764,249	$1,312,565	$-105,479
2022	$686,513	$893,080	$1,009,936	$-206,567
2021	$623,445	$500,830	$1,927,412	$122,615
2020	$595,824	$511,679	$1,557,535	$84,145
2019	$627,493	$491,469	$1,271,788	$136,024
2018	$686,330	$492,268	$996,839	$194,062

HOUSING OPPORTUNITIES AND MANAGEMENT ENTERPRISES INC