WELLINGTON-HARRINGTON DEVELOPMENT CORPORATION

EIN: 237138164

BOSTON, MA

Total Revenue
$343,105
Total Expenses
$254,454
Total Assets
N/A
Net Assets
N/A
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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
1969
Legal Domicile
MA
Principal Officer
PETER MUNKENBECK
Phone
6174940444
Tax Period
2019-01-01 to 2019-12-31

WELLINGTON-HARRINGTON DEVELOPMENT CORPORATION, founded in 1969, is a small nonprofit that reported $343K in total revenue in fiscal year 2019. Revenue fell 60% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $89K, a strong 26% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR PERSONS OF LOW AND MODERATE INCOME.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $337,993
Investment Income $5,112
Other Revenue $0
TOTAL REVENUE $343,105

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $229,904
Other Expenses $254,454
TOTAL EXPENSES $254,454

Year-over-Year Comparison

2019 2018 Change
Revenue $343,105 $849,919 -0.6%
Expenses $254,454 $675,066 -0.6%
Net Income $88,651 $174,853 -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

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Governance

Voting Members
3
Independent Members
3
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN HENN DIRECTOR/CLERK 0.50
Officer Director
$0 $0 $0
PETER MUNKENBECK DIRECTOR/PRESIDENT 0.50
Officer Director
$0 $0 $0
ZOE WEINROBE DIRECTOR/TREASURER 0.50
Officer 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
2019 $343,105 $254,454 No data $88,651
2018 $849,919 $675,066 $1,417,920 $174,853
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