KINGSTON, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOUSING SOLUTIONS FOR SOUTHEASTERN MASSACHUSETTS, founded in 1970, is a small nonprofit in the Housing & Shelter sector that reported $231K in total revenue in fiscal year 2024. Revenue surged 107% from the prior year, signaling strong growth momentum. The organization ran a surplus of $89K, a strong 38% operating margin.
TO ENHANCE THE QUALITY OF LIFE FOR LOW AND MODERATE INCOME PEOPLE BY PROVIDING DECENT, SAFE AND AFFORDABLE HOUSING. HOUSING SOLUTIONS FOR SOUTHEASTERN MASSACHUSETTS REALIZES ITS MISSION BY: ASSISTING FAMILIES IN FINDING APARTMENTS THEY CAN AFFORD; SUPPORTING FAMILIES AS THEY MOVE FORWARD TOWARD ECONOMIC AND SOCIAL INDEPENDENCE; AIDING INDIVIDUALS IN RECONNECTING WITH THEIR COMMUNITIES; OFFERING RELATED HOUSING AND HOMEOWNERSHIP EDUCATIONAL PROGRAMS; HELPING CITIES AND TOWNS BUILD OR REHABILITATE HOUSING FOR THE ELDERLY; ACTING AS A CONSULTANT OR PARTNER WITH DEVELOPERS TO FACILITATE BUILDING AFFORDABLE FAMILY HOUSING; AND PROVIDING EXPERTISE TO CITIES AND TOWNS IN RENOVATING ROADS AND STREETS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $231,275 | $111,909 | +1.1% |
| Expenses | $142,242 | $176,723 | -0.2% |
| Net Income | $89,033 | $-64,814 | -2.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MICHAEL MCGOWAN | VICE CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| BEVERLY SOMERVILLE | PRESIDENT | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID KILNAPP | TREASURER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| PATRICK NEENAN | VICE TREASUER | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| JEFF GRAEBER | CLERK | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| GORETTI JOAQUIM | ASSISTANT CLERK | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| STEVEN BORGERSON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JEFFREY CHARNEL | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| CAROL DELOREY | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DOMINGA MALDONADO | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL HEALY | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| THOMAS KING | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ANTOINETTE PABON GREEN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| RICHARD PETERSON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ELVIRA CALDEIRA | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| CAROLINA SUSTACHE | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| PAT GIBSON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| ROBERT CORLEY | CHIEF EXECUTIVE OFFICER | 1.00 |
Officer
|
$0 | $43,985 | $350,372 |
| CHRISTINE MACDONALD | CHIEF FINANCIAL OFFICER | 1.00 |
Officer
|
$0 | $18,059 | $223,907 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $231,275 | $142,242 | $8,270,730 | $89,033 |
| 2024 | No data | No data | No data | No data |
| 2023 | $617,415 | $276,950 | $7,821,692 | $340,465 |
| 2022 | $251,887 | $276,995 | $7,458,728 | $-25,108 |
| 2021 | $886,734 | $438,688 | $3,847,166 | $448,046 |
| 2020 | $275,547 | $352,187 | $3,695,614 | $-76,640 |
| 2019 | $45,225,454 | $45,204,788 | $7,608,241 | $20,666 |
| 2018 | $41,680,278 | $42,013,354 | $7,346,913 | $-333,076 |
Compare HOUSING SOLUTIONS FOR SOUTHEASTERN MASSACHUSETTS with other nonprofits in Massachusetts and across the country.