Commons Housing Corporation

EIN: 223226599 501(c)(3) Housing & Shelter

Alfred, ME

Total Revenue
$169,171
Total Expenses
$152,555
Total Assets
$1,252,888
Net Assets
$76,221
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
ME
Tax Period
2022-01-01 to 2022-12-31

Commons Housing Corporation, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $169K in total revenue in fiscal year 2022. Expenses of $153K left a modest 10% surplus.

Mission

The Corporation was organized to promote the general welfare of the community by constructing and operating rental housing and related facilities suited to the special needs and living requirments of eligible occupants determined by the Dep. of Housing and Urban Development regs.

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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 (2022)

Revenue Breakdown

Contributions & Grants $9,241
Program Service Revenue $159,269
Investment Income $661
Other Revenue $0
TOTAL REVENUE $169,171

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $145,849
Other Expenses $152,555
TOTAL EXPENSES $152,555

Year-over-Year Comparison

2022 2021 Change
Revenue $169,171 $164,137 +0.0%
Expenses $152,555 $153,962 0.0%
Net Income $16,616 $10,175 +0.6%
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

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Governance

Voting Members
6
Independent Members
6
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
5
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brother Jerome Lessard Board Member 4.00
Director
$0 $0 $0
Jim Frechette Board Member 4.00
Director
$0 $0 $0
Lindsey Partridge Vice President 4.00
Officer Director
$0 $0 $0
Clay Graybeal Board President 4.00
Officer Director
$0 $0 $0
Roger Prince Treasurer 4.00
Officer Director
$0 $0 $0
Sharon Secovich Secretary 4.00
Officer Director
$0 $0 $0
Megan Gean-Gendron Executive Director 4.00
Officer
$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
2022 $169,171 $152,555 $1,252,888 $16,616
2021 $164,137 $153,962 $1,231,147 $10,175
2020 $163,124 $142,181 $1,232,326 $20,943
2019 $161,291 $131,867 $1,221,015 $29,424
2018 $161,899 $144,586 $837,993 $17,313
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