YNS AFFORDABLE HOUSING INC C/O BEV… - 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

2010

Legal Domicile

Principal Officer

CHRIS LOVASCO

Phone

9789220990

Tax Period

2024-01-01 to 2024-12-31

YNS AFFORDABLE HOUSING INC C/O BEVERLY REGIONAL YMCA, founded in 2010, is a small nonprofit in the Human Services sector that reported $326K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE AFFORDABLE AND SAFE HOUSING TO INDIVIDUALS AND FAMILIES OF NEED WITHIN THE COMMUNITIES OF THE YMCA OF THE NORTH SHORE, INC.

Program Service Accomplishments

Program 1

Expenses: $297,799 Revenue: $227,680

THE ORGANIZATION MAINTAINS 68 SINGLE ROOM UNITS OF AFFORDABLE HOUSING FOR THOSE IN NEED AND MEETS THE REQUIRED FEDERAL AND STATE QUALIFICATIONS. THE BUILDING ACTS AS A COMMUNITY AND PROVIDES A...

THE ORGANIZATION MAINTAINS 68 SINGLE ROOM UNITS OF AFFORDABLE HOUSING FOR THOSE IN NEED AND MEETS THE REQUIRED FEDERAL AND STATE QUALIFICATIONS. THE BUILDING ACTS AS A COMMUNITY AND PROVIDES A SUPPORT SYSTEM FOR THOSE IN NEED.

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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 $0

Program Service Revenue $224,497

Investment Income $0

Other Revenue $101,465

TOTAL REVENUE $325,962

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $297,799

Other Expenses $330,111

TOTAL EXPENSES $330,111

Year-over-Year Comparison

	2024	2023	Change
Revenue	$325,962	$299,263	+0.1%
Expenses	$330,111	$577,384	-0.4%
Net Income	$-4,149	$-278,121	-1.0%

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

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

$513,027

Total Directors

$857,091

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER LOVASCO	PRESIDENT	1.00	Officer Director	$0	$52,861	$513,027
BRANDON RUGGIERI	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER BURAS	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WHEELER	TREASURER	1.00	Officer Director	$0	$0	$0
KEVIN MCCARTHY	DIRECTOR	1.00	Director	$0	$50,769	$344,064
BOB EASTMAN	CLERK	1.00	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	$325,962	$330,111	$308,519	$-4,149
2023	$299,263	$577,384	$249,276	$-278,121
2022	$293,789	$354,818	$487,481	$-61,029
2021	$279,641	$308,880	$463,817	$-29,239
2020	$4,841,191	$874,655	$650,510	$3,966,536
2019	$556,103	$861,110	$1,477,763	$-305,007
2018	$572,422	$902,888	$1,713,540	$-330,466

YNS AFFORDABLE HOUSING INC C/O BEVERLY REGIONAL YMCA