CHELMSFORD HOUSING ELDER PARTNERSHIP INC (EIN 311758237) - 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

2000

Legal Domicile

Principal Officer

CORNELIA DONAHUE COMTOIS

Phone

9782567425

Tax Period

2022-07-01 to 2023-03-13

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.

Mission

OPERATES A 51-UNIT HOUSING PROJECT IN CHELMSFORD, MASSACHUSETTS FOR LOW- INCOME ELDERLY PERSONS UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT AND IS REGULATED BY HUD WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $226,779

Program Service Revenue $169,677

Investment Income $3,119

Other Revenue $3,431

TOTAL REVENUE $403,006

Expense Breakdown

Grants Paid $3,326,377

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,641,434

Other Expenses $428,559

TOTAL EXPENSES $3,754,936

Year-over-Year Comparison

	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%

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

$182,300

Total Directors

Key Employees

Highest Compensated

reported

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

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
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

CHELMSFORD HOUSING ELDER PARTNERSHIP INC