HOUSING SOLUTIONS FOR SOUTHEASTERN… - 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

1970

Legal Domicile

Principal Officer

CHRISTINE MACDONALD

Phone

7814224200

Tax Period

2024-07-01 to 2025-06-30

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.

Mission

TO PROMOTE, ORGANIZE AND MANAGE PROGRAMS THAT PROVIDE AFFORDABLE HOUSING IN ORDER TO IMPROVE THE QUALITY OF LIFE IN THE SOUTHEASTERN MASSACHUSETTS AREA.

Program Service Accomplishments

Program 1

Expenses: $142,242 Revenue: $180,686

ASSET MANAGEMENT IS THE MANAGEMENT OF PROPERTIES HSSM HAS DEVELOPED IN THE PAST. THESE EFFORTS ARE AIMED AT ENSURING THAT THE PROPERTIES MEET THE NEEDS OF THEIR LOW TO MODERATE INCOME RESIDENTS AS...

ASSET MANAGEMENT IS THE MANAGEMENT OF PROPERTIES HSSM HAS DEVELOPED IN THE PAST. THESE EFFORTS ARE AIMED AT ENSURING THAT THE PROPERTIES MEET THE NEEDS OF THEIR LOW TO MODERATE INCOME RESIDENTS AS WELL AS MAINTAINING THE FINANCIAL VIABILITY OF THESE PROPERTIES IN THE FUTURE.

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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 $210,977

Investment Income $0

Other Revenue $20,298

TOTAL REVENUE $231,275

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $142,242

Other Expenses $142,242

TOTAL EXPENSES $142,242

Year-over-Year Comparison

	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%

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

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

$574,279

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

HOUSING SOLUTIONS FOR SOUTHEASTERN MASSACHUSETTS