ONEHOLYOKE COMMUNITY DEVELOPMENT C… - 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

1972

Legal Domicile

Principal Officer

MICHAEL MORIARTY

Phone

4135337101

Tax Period

2024-07-01 to 2025-06-30

ONEHOLYOKE COMMUNITY DEVELOPMENT CORP, founded in 1972, is a community nonprofit in the Housing & Shelter sector that reported $3.8M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $4.6M exceeded revenue, resulting in a 21% operating deficit.

Mission

TO FURTHER THE DEVELOPMENT OF LOW AND MODERATE INCOME HOUSING, TO ASSIST IN THE EXPANSION OF LOCALLY-OWNED BUSINESS ENTERPRISES AND TO PROVIDE OTHER ASSISTANCE FOR THE IMPROVEMENT OF RESIDENTIAL AND BUSINESS PROPERTY IN HOLYOKE, MASSACHUSETTS.

Program Service Accomplishments

Program 1

Expenses: $1,629,247 Revenue: $2,260,320

PROVIDED 213 RENTAL UNITS FOR RENT FOR LOW TO MODERATE INCOME INDIVIDUALS. APPROXIMATELY 80 TENANTS RECEIVE SUBSIDIZED RENTAL ASSISTANCE FROM VARIOUS AGENCIES.

Program 2

Expenses: $1,315,691 Revenue: $0

FACILITATED AND OVERSAW THE REHABILITATION OF A VACANT, THREE-STORY BUILDING LOCATED AT 147 HIGH STREET IN THE CITY OF HOLYOKE, PURSUANT TO THE CITY'S PLANS TO REVITALIZE HIGH STREET TO BETTER...

FACILITATED AND OVERSAW THE REHABILITATION OF A VACANT, THREE-STORY BUILDING LOCATED AT 147 HIGH STREET IN THE CITY OF HOLYOKE, PURSUANT TO THE CITY'S PLANS TO REVITALIZE HIGH STREET TO BETTER REFLECT THE IDENTITY AND SERVE THE INTERESTS OF THE HOLYOKE COMMUNITY.

Program 3

Expenses: $59,242 Revenue: $0

COMMUNITY ENGAGEMENT - FURTHERING THE SPIRIT OF HOLYOKE BY ENGAGING OHDC WITH THE LOCAL COMMUNITY THROUGH SPECIAL EVENTS AND PROGRAMS, SUPPORTING COMMUNITY NEEDS.

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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 $1,516,923

Program Service Revenue $2,251,319

Investment Income $-10,058

Other Revenue $45,324

TOTAL REVENUE $3,803,508

Expense Breakdown

Grants Paid $1,353,756

Salaries & Benefits $1,167,640

Fundraising Expenses $18,296

Program Expenses $3,017,822

Other Expenses $2,084,802

TOTAL EXPENSES $4,606,198

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,803,508	$4,535,105	-0.2%
Expenses	$4,606,198	$3,806,559	+0.2%
Net Income	$-802,690	$728,546	-2.1%

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

Volunteers

175

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

$112,315

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALTER NALESNIK	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
ARMANDO SANTIAGO	DIRECTOR - END 1/3/25	1.00	Director	$0	$0	$0
JESSE CASTELLANO	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT JONES	TREASURER - BEG 10/15/24	1.00	Officer Director	$0	$0	$0
MAURICE N LACASSE	DIR./LIFETIME MEMBER	1.00	Director	$0	$0	$0
MARIA PAGAN	CLERK	1.00	Officer Director	$0	$0	$0
IVIE CORDERO	CHAIR	1.00	Officer Director	$0	$0	$0
LINDA PRATT	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LENIHAN	DIRECTOR	1.00	Director	$0	$0	$0
ERIC MATTOS	DIRECTOR - END 1/3/25	1.00	Director	$0	$0	$0
JOHN RODRIGUEZ	DIRECTOR	1.00	Director	$0	$0	$0
WANDA FERNANDEZ RIVERA	DIRECTOR - BEG 1/3/25	1.00	Director	$0	$0	$0
FREDDY DEJESUS JR	DIRECTOR - BEG 1/3/25	1.00	Director	$0	$0	$0
MICHAEL MORIARTY	EXECUTIVE DIRECTOR	37.00	Officer	$87,984	$24,331	$112,315

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	$3,803,508	$4,606,198	$4,464,414	$-802,690
2023	No data	No data	No data	No data
2022	$2,974,878	$2,954,981	$4,721,228	$19,897
2021	$2,742,467	$2,734,938	$4,463,894	$7,529
2020	$2,894,855	$2,734,923	$4,504,612	$159,932
2019	$2,321,544	$2,749,482	$4,687,685	$-427,938
2018	$2,335,229	$2,852,204	$4,835,035	$-516,975

ONEHOLYOKE COMMUNITY DEVELOPMENT CORP