COMMONWEALTH AGENCY INC

EIN: 272690578 501(c)(3) Housing & Shelter

HAYDEN, ID

Total Revenue
$261,059
Total Expenses
$88,444
Total Assets
$1,427,100
Net Assets
$1,427,100
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
ID
Principal Officer
WALTER DOWNEY
Phone
2087720108
Tax Period
2024-01-01 to 2024-12-31

COMMONWEALTH AGENCY INC, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $261K in total revenue in fiscal year 2024. Revenue surged 74% from the prior year, signaling strong growth momentum. The organization ran a surplus of $173K, a strong 66% operating margin.

Mission

TO FACILITATE THE AVAILABILITY AND ACCESS TO AFFORDABLE HOUSING TO ALL CITIZENS WITH A GENERAL TARGET OF 75% OF THE UNITS OCCUPIED BY INDIVIDUALS OR FAMILIES EARNING LESS THAN 80% OF MEDIAN INCOME AS DEFINED BY HUD IN COMMUNITIES LOCATED IN IDAHO, WASHINGTON, AND MONTANA AND CONTIGUOUS REGIONS. UNITS SHALL BE EITHER RENTAL OR OWNER OCCUPIED.

Program Service Accomplishments

Program 1
Expenses: $80,722

THE FOSTERING OF LOW-INCOME HOUSING, PROVIDING HOUSING, BOTH OWNER OCCUPIED AND FOR RENTAL, TO PERSONS AND FAMILIES THAT WOULD OTHERWISE NOT QUALIFY OR BE ABLE TO AFFORD SUCH HOUSING, AND TO ACQUIRE...

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THE FOSTERING OF LOW-INCOME HOUSING, PROVIDING HOUSING, BOTH OWNER OCCUPIED AND FOR RENTAL, TO PERSONS AND FAMILIES THAT WOULD OTHERWISE NOT QUALIFY OR BE ABLE TO AFFORD SUCH HOUSING, AND TO ACQUIRE, BUILD, DEVELOP, LEASE, SELL AND INVEST IN HOUSING FOR SUCH PURPOSES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $176,042
Investment Income $85,017
Other Revenue $0
TOTAL REVENUE $261,059

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,000
Fundraising Expenses $0
Program Expenses $80,722
Other Expenses $76,444
TOTAL EXPENSES $88,444

Year-over-Year Comparison

2024 2023 Change
Revenue $261,059 $149,757 +0.7%
Expenses $88,444 $44,365 +1.0%
Net Income $172,615 $105,392 +0.6%
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
2
Independent Members
2
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
2
$12,000
Total Directors
2
$12,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HELEN STEVENSON Vice President 1.00
Officer Director
$12,000 $0 $12,000
WALTER DOWNEY President 0.00
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
2024 $261,059 $88,444 $1,427,100 $172,615
2024 No data No data No data No data
2023 $149,757 $44,365 $1,254,486 $105,392
2022 $68,363 $63,075 $1,209,100 $5,288
2021 $142,880 $49,905 $1,143,808 $92,975
2020 $252,218 $77,907 $1,053,303 $174,311
2019 $342,550 $96,807 $876,651 $245,743
2018 $220,247 $72,481 $1,260,908 $147,766
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