HYANNIS, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOUSING ASSISTANCE CORPORATION, founded in 1974, is a mid-sized nonprofit in the Housing & Shelter sector that reported $56.8M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $50.5M left a modest 11% surplus.
HAC'S MISSION IS TO PROMOTE AND IMPLEMENT THE RIGHT OF ALL PEOPLE ON CAPE COD AND THE ISLANDS TO OCCUPY SAFE AND AFFORDABLE HOUSING. TO ACHIEVE THIS GOAL, HAC HAS CONCENTRATED ITS MAJOR PROGRAMS AROUND RENTAL SUBSIDIES, SHELTER SERVICES, CONSUMER EDUCATION, AND RESIDENTIAL ENERGY EFFICIENCY.
CLIENT SERVICES - THE CLIENT SERVICES DIVISION WORKS WITH ELIGIBLE INDIVIDUALS AND FAMILIES IN MASSACHUSETTS TO PROVIDE A WIDE RANGE OF AFFORDABLE HOUSING, HOMELESSNESS PREVENTION AND SHELTER AND...
CLIENT SERVICES - THE CLIENT SERVICES DIVISION WORKS WITH ELIGIBLE INDIVIDUALS AND FAMILIES IN MASSACHUSETTS TO PROVIDE A WIDE RANGE OF AFFORDABLE HOUSING, HOMELESSNESS PREVENTION AND SHELTER AND SELF-SUFFICIENCY SERVICES. THESE SERVICES INCLUDE HOUSING ASSISTANCE PAYMENTS FOR LOW INCOME TENANTS, TRANSITIONAL HOUSING AND ASSISTANCE FOR THE HOMELESS INCLUDING HOUSING SEARCH AND JOB PLACEMENT, AND TRAINING AND SUPPORT FOR HOMEOWNERS INCLUDING FORECLOSURE COUNSELING.
ENERGY EFFICIENCY SERVICES - THE ENERGY EFFICIENCY SERVICES DIVISION WORKS WITH ELIGIBLE INDIVIDUALS AND FAMILIES IN MASSACHUSETTS TO PROVIDE A WIDE RANGE OF ENERGY IMPROVEMENTS OPTIONS. THESE...
ENERGY EFFICIENCY SERVICES - THE ENERGY EFFICIENCY SERVICES DIVISION WORKS WITH ELIGIBLE INDIVIDUALS AND FAMILIES IN MASSACHUSETTS TO PROVIDE A WIDE RANGE OF ENERGY IMPROVEMENTS OPTIONS. THESE OPTIONS INCLUDE FREE ENERGY ASSESSMENTS, HOME WEATHERIZATION AND ENERGY EFFICIENT APPLIANCES AND HEATING.
PROPERTY MANAGEMENT AND DEVELOPMENT - THE PROPERTY MANAGEMENT AND DEVELOPMENT DIVISION OVERSEES THE OPERATIONS OF ALL RESIDENTIAL RENTAL PROPERTIES, AS WELL AS DEVELOPMENT ACTIVITY, TO ITS PROPERTIES...
PROPERTY MANAGEMENT AND DEVELOPMENT - THE PROPERTY MANAGEMENT AND DEVELOPMENT DIVISION OVERSEES THE OPERATIONS OF ALL RESIDENTIAL RENTAL PROPERTIES, AS WELL AS DEVELOPMENT ACTIVITY, TO ITS PROPERTIES LOCATED ON CAPE COD AND THE ISLANDS.
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 | $56,778,023 | $47,617,428 | +0.2% |
| Expenses | $50,476,010 | $46,826,237 | +0.1% |
| Net Income | $6,302,013 | $791,191 | +7.0% |
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 |
|---|---|---|---|---|---|---|
| ALEX RODOLAKIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ASHLEY MOORE BAKER | CLERK | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BILL BOGDANOVICH | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CATHY GIBSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KARA O'DONNELL-GALVIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KUMARA SIDHARTHA | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LIAM CAHILL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LINDA ZAMMER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARGARET HAYES | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MAUREEN MCLAUGHLIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PAUL RUCHINSKAS | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PETER FREEMAN | VICE CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RAYMOND TAMASI | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SUSAN ROHRBACH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| TARA WALLACE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ALISA MAGNOTTA | CEO | 35.00 |
Officer
|
$250,624 | $33,385 | $284,009 |
| JANE HAMMOND | INTERIM CFO (AS OF 4/25) | 35.00 |
Officer
|
$119,047 | $16,946 | $135,993 |
| STEPHEN FERRIS | CFO (UNTIL 3/25) | 35.00 |
Officer
|
$175,394 | $32,281 | $207,675 |
| ANNE VAN VLECK | CHIEF DEVELOPMENT OFFICER | 35.00 |
Highest
|
$131,045 | $43,549 | $174,594 |
| CASSANDRA DANZL | CHIEF OPERATING OFFICER | 35.00 |
Highest
|
$155,559 | $17,939 | $173,498 |
| DAVID QUINN | VP OF REAL ESTATE DEVELOPMENT | 35.00 |
Highest
|
$126,966 | $16,540 | $143,506 |
| DONALD TROTT | DIRECTOR OF HOUSING | 35.00 |
Highest
|
$120,556 | $30,030 | $150,586 |
| PATRICIA MITROKOSTAS | PRINCIPAL DIRECTOR OF STRATEGIC FUNDING | 35.00 |
Highest
|
$111,405 | $15,532 | $126,937 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $56,778,023 | $50,476,010 | $47,445,734 | $6,302,013 |
| 2024 | $47,617,428 | $46,826,237 | $28,353,986 | $791,191 |
| 2023 | $37,056,441 | $36,207,096 | $21,329,167 | $849,345 |
| 2022 | $36,246,807 | $35,829,884 | $20,544,372 | $416,923 |
| 2021 | $31,840,073 | $30,324,059 | $23,451,623 | $1,516,014 |
| 2020 | $27,429,095 | $26,518,960 | $19,460,978 | $910,135 |
| 2019 | $25,334,411 | $25,188,389 | $15,865,342 | $146,022 |
| 2018 | $24,627,526 | $24,064,052 | $16,205,392 | $563,474 |
Compare HOUSING ASSISTANCE CORPORATION with other nonprofits in Massachusetts and across the country.