LOWER CAPE COD COMMUNITY DEVELOP- … - 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

1992

Legal Domicile

Principal Officer

JAY COBURN

Phone

5082407873

Tax Period

2024-07-01 to 2025-06-30

LOWER CAPE COD COMMUNITY DEVELOP- MENT CORPORATION, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $3.9M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $3.6M left a modest 8% surplus.

Mission

TO NURTURE A VIBRANT LOWER CAPE REGION BY PROMOTING ENVIRONMENTAL AND ECONOMIC SUSTAINABILITY, EXPANDING OPPORTUNITIES FOR LOW-AND MODERATE- INCOME RESIDENTS, AND PRESERVING OUR UNIQUE CULTURAL AND HISTORIC CHARACTER.

Program Service Accomplishments

Program 1

Expenses: $2,636,626

HOUSING ADVOCACY PROGRAM TO WORK WITH TOWNS ON THE LOWER CAPE TO CREATE MORE OPPORTUNITIES FOR AFFORDABLE HOUSING FOR YEAR ROUND RESIDENTS AND A FIRST TIME HOMEBUYERS PROGRAM TO PROVIDE EDUCATION TO...

Program 2

HOUSING RENTAL PROGRAMS - MANAGES 72 AFFORDABLE RENTAL HOMES ACROSS LOWER CAPE COD, INCLUDING STUDIOS TO 3 BEDROOMS, STAND-ALONES TO MULTI-FAMILY PROVIDING HOUSING FOR 140 PEOPLE. ADDITIONALLY, THE PROGRAM MANAGES 28 UNITS OF MARKET RATE (NOT AFFORDABLE UNITS) STUDIOS TO THREE BEDROOM. PROVIDING HOUSING FOR 54 PEOPLE.

Program 3

BUSINESS DEVELOPMENT - PROVIDING ACCESS TO CAPITAL THROUGH MICRO LOANS, OFFERING ONE-ON-ONE GUIDANCE AND EDUCATIONAL WORKSHOPS AND SUPPORTING LOCAL FISHING/SHELLFISHING BUSINESSES WITH EXPERTISE.

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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 $2,477,259

Program Service Revenue $1,422,502

Investment Income $61,482

Other Revenue $-92,178

TOTAL REVENUE $3,869,065

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,067,065

Fundraising Expenses $292,436

Program Expenses $2,636,626

Other Expenses $1,505,496

TOTAL EXPENSES $3,572,561

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,869,065	$3,320,934	+0.2%
Expenses	$3,572,561	$3,597,286	0.0%
Net Income	$296,504	$-276,352	-2.1%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHLEEN BOYCE	CFAO	40.00	Highest	$151,073	$0	$151,073
JAY COBURN	CEO	40.00	Highest	$184,904	$0	$184,904
LAURA B CANNATA	OFFICER	40.00	Highest	$118,384	$0	$118,384
CINDI L MAULE	OFFICER	40.00	Highest	$100,870	$0	$100,870
ANDREA ALDANA	OFFICER	40.00	Highest	$101,645	$0	$101,645
CAROLE RIDLEY	CHAIR	5.00	Officer Director	$0	$0	$0
ANDREW STERN	VICE CHAIR	5.00	Officer Director	$0	$0	$0
PAUL RUCHINSKAS	TREASURER	5.00	Officer Director	$0	$0	$0
FRAN SCHOFIELD	DIRECTOR	5.00	Officer Director	$0	$0	$0
MARSHA ALLGEIER	DIRECTOR	2.00	Director	$0	$0	$0
KATIE CASTAGNO	DIRECTOR	2.00	Director	$0	$0	$0
ARTHUR HUGE	DIRECTOR	2.00	Director	$0	$0	$0
MARY KAY LEONARD	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT MACCREADY	DIRECTOR	2.00	Director	$0	$0	$0
BILL MADDEN	DIRECTOR	2.00	Director	$0	$0	$0
MAXINE MINKOFF	DIRECTOR	2.00	Director	$0	$0	$0
KRISTY SENATORI	DIRECTOR	2.00	Director	$0	$0	$0
ANN SIGSBEE	DIRECTOR	2.00	Director	$0	$0	$0
DONNA WALKER	DIRECTOR	2.00	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	$3,869,065	$3,572,561	$10,979,846	$296,504
2024	$3,320,934	$3,597,286	$10,768,821	$-276,352
2023	$3,785,048	$3,382,800	$11,176,712	$402,248
2023	$3,934,702	$3,508,346	$11,176,712	$426,356
2023	$3,934,702	$3,508,346	$11,176,712	$426,356
2022	$4,617,609	$3,966,772	$10,893,892	$650,837
2022	$4,716,908	$3,684,403	$11,076,232	$1,032,505
2021	$3,346,662	$3,249,631	$10,182,025	$97,031
2020	$2,850,992	$3,183,365	$10,617,162	$-332,373
2019	$3,568,238	$3,489,818	$10,694,349	$78,420
2018	$3,325,793	$3,372,397	$10,871,116	$-46,604

LOWER CAPE COD COMMUNITY DEVELOP- MENT CORPORATION