CHELMSFORD, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CHELMSFORD HOUSING ELDER PARTNERSHIP INC, founded in 2000, is a small nonprofit in the Housing & Shelter sector that reported $403K in total revenue in fiscal year 2022. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $3.8M exceeded revenue, resulting in a 832% operating deficit.
TO PROVIDE 51 UNITS OF HOUSING FOR LOW-INCOME ELDERLY AND/OR HANDICAPPED PERSONS AND TO PROMOTE THE WELFARE OF ELDERLY AND HANDICAPPED PERSONS AND FAMILIES.
THE ORGANIZATION MAINTAINS A RESIDENTIAL FACILITY WITH 51 UNITS WHICH PROVIDES HOUSING TO LOW INCOME ELDERLY PERSONS IN CHELMSFORD, MA. FUNDING TO PURCHASE THE FACILITY WAS PROVIDED BY THE U.S. DEPT...
THE ORGANIZATION MAINTAINS A RESIDENTIAL FACILITY WITH 51 UNITS WHICH PROVIDES HOUSING TO LOW INCOME ELDERLY PERSONS IN CHELMSFORD, MA. FUNDING TO PURCHASE THE FACILITY WAS PROVIDED BY THE U.S. DEPT. OF HOUSING AND URBAN DEVELOPMENT. THE ACTIVITY ON THIS FORM 990 REFLECTS THE ACTIVITY OF THIS PROPERTY THROUGH FEBRUARY 28, 2023. EFFECTIVE MARCH 1, 2023, THE ORGANIZATION TRANSFERRED OWNERSHIP OF THE PROPERTY TO CHOICE HOUSING OPPORTUNITIES FOR INTERGENERATIONAL AND COMMUNITY ENDEAVORS, INC. (CHOICE INC.). IN CONNECTION WITH THE TRANSFER, CHOICE ENTERED INTO AN AGREEMENT WITH HUD THAT RESTRICTS THE PROPERTY AS RENTAL HOUSING FOR THE ELDERLY THROUGH JANUARY 1, 2065 AND HUD RELEASED THE ORGANIZATION FROM THE REQUIREMENTS OF THE CAPITAL ADVANCE.
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)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $403,006 | $629,624 | -0.4% |
| Expenses | $3,754,936 | $624,954 | +5.0% |
| Net Income | $-3,351,930 | $4,670 | -718.8% |
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 |
|---|---|---|---|---|---|---|
| DENISE MARCAURELLE | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| WENDY MAURIELLO | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL MURRAY | CLERK | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JUDITH O'CONNOR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GEORGIANNA MUELLER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CORNELIA DONAHUE COMTOIS | EXECUTIVE DIRECTOR | 1.00 |
Officer
|
$0 | $18,198 | $182,300 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2023 | $403,006 | $3,754,936 | No data | $-3,351,930 |
| 2022 | $629,624 | $624,954 | $4,093,083 | $4,670 |
| 2021 | $609,458 | $636,605 | $4,111,163 | $-27,147 |
| 2020 | $501,833 | $638,755 | $4,109,295 | $-136,922 |
| 2019 | $502,592 | $613,767 | $4,266,659 | $-111,175 |
| 2018 | $505,303 | $627,898 | $4,368,547 | $-122,595 |
Compare CHELMSFORD HOUSING ELDER PARTNERSHIP INC with other nonprofits in Massachusetts and across the country.