MANSFIELD HOUSING CORPORATION

EIN: 273417181

MANSFIELD, MA

Total Revenue
$13,832
Total Expenses
$68,211
Total Assets
$504,974
Net Assets
$504,974
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
MA
Principal Officer
LOU AMORUSO
Phone
5083396106
Tax Period
2024-01-01 to 2024-12-31

MANSFIELD HOUSING CORPORATION, founded in 2010, is a micro nonprofit that reported $14K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $68K exceeded revenue, resulting in a 393% operating deficit.

Mission

THE MANSFIELD HOUSING CORPORATION SHALL EXERCIZE ITS POWERS AND PERFORMS ITS DUTIES FOR THE PURPOSE OF INVESTIGATING AND IMPLEMENTING ALTERNATIVES FOR PROVIDING HOUSING AFFORDABLE TO LOW AND MODERATE INCOME HOUSEHOLDS.

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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 $0
Investment Income $13,832
Other Revenue $0
TOTAL REVENUE $13,832

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $68,211
Other Expenses $68,211
TOTAL EXPENSES $68,211

Year-over-Year Comparison

2024 2023 Change
Revenue $13,832 $15,496 -0.1%
Expenses $68,211 $5,082 +12.4%
Net Income $-54,379 $10,414 -6.2%
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
5
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEEANN CERRETANI THRU 11124 FMR TREASURE 1.00
Officer Director
$0 $0 $0
LOU AMORUSO CHAIR 1.00
Officer Director
$0 $0 $0
JOHN COLBERT CLERK/SECRET 1.00
Officer Director
$0 $0 $0
JEFF PLANT TREASURER 1.00
Officer Director
$0 $0 $0
NICK RICCIO MEMBER 2025 1.00
Director
$0 $0 $0
ELLEN SPILENSK ASST CHAIR 2 1.00
Officer Director
$0 $0 $0
JAMES TAYLOR MEMBER 2025 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 $13,832 $68,211 $504,974 $-54,379
2023 $15,496 $5,082 $559,353 $10,414
2022 $9,979 $5,087 $548,939 $4,892
2021 $8,411 $5,599 $544,047 $2,812
2020 $8,444 $3,876 $541,235 $4,568
2019 $6,564 $9,666 $536,667 $-3,102
2018 $8,729 $5,629 $539,769 $3,100
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