SAGE HOUSING INC (EIN 271396485) - Form 990 Financial Analysis & Trantor Score

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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

2009

Legal Domicile

Principal Officer

PATRICE LEONARD

Phone

6174710300

Tax Period

2023-01-01 to 2023-12-31

SAGE HOUSING INC, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $104K in total revenue in fiscal year 2023. Revenue fell 41% from the prior year — a significant decline worth monitoring. Expenses of $117K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROMOTE, DEVELOP, BUILD, OWN, MANAGE AND MAINTAIN AFFORDABLE HOUSING THROUGHHOUT MASSACHUSETTS AND THE UNITED STATES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $88,800

Investment Income $14,921

Other Revenue $0

TOTAL REVENUE $103,721

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $84,192

Other Expenses $114,170

TOTAL EXPENSES $117,170

Year-over-Year Comparison

	2023	2022	Change
Revenue	$103,721	$175,641	-0.4%
Expenses	$117,170	$124,557	-0.1%
Net Income	$-13,449	$51,084	-1.3%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD BECKER	PRESIDENT	10.00	Officer Director	$0	$0	$0
PATRICE TRISH LEONARD	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
RICHARD OLSON	TREASURER	10.00	Officer Director	$0	$0	$0
RICHARD PIERCE	SECRETARY	10.00	Officer Director	$0	$0	$0
RONALD IACOBUCCI	DIRECTOR	1.00	Director	$0	$0	$0
KERRY MOORE	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH CARPENTER	DIRECTOR	1.00	Director	$0	$0	$0
ROB IACOBUCCI	DIRECTOR	1.00	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
2024	No data	No data	No data	No data
2023	$103,721	$117,170	$1,229,695	$-13,449
2022	$175,641	$124,557	$1,252,799	$51,084
2021	$160,779	$156,320	$1,217,941	$4,459
2020	$187,611	$348,615	$1,237,461	$-161,004
2019	$136,049	$334,804	$1,397,480	$-198,755
2018	$919,513	$77,696	$1,587,666	$841,817

SAGE HOUSING INC