CAMBRIDGE AFFORDABLE HOUSING CORP (EIN 223026442) - Form 990 Financial Analysis & Trantor Score

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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

JOHN FILIP

Phone

6175206387

Tax Period

2023-01-01 to 2023-12-31

CAMBRIDGE AFFORDABLE HOUSING CORP, founded in 1989, is a community nonprofit in the Housing & Shelter sector that reported $7.6M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $9.4M exceeded revenue, resulting in a 23% operating deficit.

Mission

MANAGEMENT & SERVICES FOR RELATED ORGANIZATIONS WHICH OWN & OPERATE 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $105,772

Program Service Revenue $7,505,667

Investment Income $4,895

Other Revenue $0

TOTAL REVENUE $7,616,334

Expense Breakdown

Grants Paid $105,772

Salaries & Benefits $1,111,623

Fundraising Expenses $0

Program Expenses $8,236,312

Other Expenses $8,153,072

TOTAL EXPENSES $9,370,467

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,616,334	$10,017,577	-0.2%
Expenses	$9,370,467	$11,729,737	-0.2%
Net Income	$-1,754,133	$-1,712,160	+0.0%

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

$2,055,020

Total Directors

$348,878

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL J JOHNSTON	CLERK	1.00	Officer Director	$0	$84,196	$348,878
ELAINE DEROSA	PRESIDENT	1.00	Officer Director	$0	$0	$0
LOUIS BACCI III	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
GERALD J CLARK	TREASURER	1.00	Officer Director	$0	$0	$0
VICTORIA BERGLAND	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN T CONNELLY	DIRECTOR	1.00	Director	$0	$0	$0
BRENDA SNOWDEN DOWNING	DEPUTY EXECUTIVE DIRECTOR	1.00	Officer	$0	$79,192	$328,192
JOE DIMAMBRO	DEPUTY FISCAL DIRECTOR	1.00	Officer	$0	$58,960	$217,804
MARGARET DONNELLY-MORAN	DEPUTY EXECUTIVE DIRECTOR OF DEV.	1.00	Officer	$0	$57,213	$328,276
JOHN FILIP	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$63,571	$308,335
KEVIN J BRAGA	DIRECTOR OF OPERATIONS	1.00	Officer	$0	$74,320	$279,915
JOHN LINDAMOOD	DIRECTOR OF RESIDENT SERVICES	1.00	Officer	$0	$59,203	$243,620

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	No data	No data	No data	No data
2023	$7,616,334	$9,370,467	$125,323,621	$-1,754,133
2022	$10,017,577	$11,729,737	$123,208,985	$-1,712,160
2021	$13,147,216	$14,174,942	$128,682,054	$-1,027,726
2020	$9,682,880	$12,123,841	$114,569,959	$-2,440,961
2019	$10,886,409	$11,713,804	$136,870,580	$-827,395
2018	$9,371,046	$13,224,766	$105,001,529	$-3,853,720

CAMBRIDGE AFFORDABLE HOUSING CORP