Commonwealth Housing Development Corp (EIN 232624826) - 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

1986

Legal Domicile

Principal Officer

Dina Schlossberg

Phone

2155727300

Tax Period

2024-11-01 to 2025-10-31

Commonwealth Housing Development Corp, founded in 1986, is a small nonprofit in the Housing & Shelter sector that reported $319K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $263K, a strong 83% operating margin.

Mission

To provide office space for other not for profit organizations.

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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 $296,647

Investment Income $22,076

Other Revenue $0

TOTAL REVENUE $318,723

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,931

Other Expenses $55,516

TOTAL EXPENSES $55,516

Year-over-Year Comparison

	2024	2023	Change
Revenue	$318,723	$583,830	-0.5%
Expenses	$55,516	$101,204	-0.5%
Net Income	$263,207	$482,626	-0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Cathy Carr	Treasurer	1.00	Officer	$0	$0	$0
Joyce Miller	Director	0.50	Director	$0	$0	$0
Jacquie Sims	Secretary	0.50	Officer	$0	$0	$0
Adena Herskovitz	President	1.00	Officer	$0	$0	$0
Walter Toliver	Director	0.50	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	$318,723	$55,516	$1,755,696	$263,207
2024	$583,830	$101,204	$1,769,629	$482,626
2023	$79,663	$110,774	$1,337,764	$-31,111
2022	$133,137	$101,930	$1,384,983	$31,207
2021	$121,096	$109,493	$1,361,794	$11,603
2020	$128,319	$106,494	$1,371,526	$21,825
2019	$117,188	$129,476	$1,368,904	$-12,288
2018	$126,805	$227,460	$1,424,394	$-100,655

Commonwealth Housing Development Corp