WELLESLEY, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WELLESLEY HOUSING DEVELOPMENT CORPORATION, founded in 1998, is a micro nonprofit that reported $18K in total revenue in fiscal year 2024. The organization ran a surplus of $14K, a strong 80% operating margin.
THE WELLESLEY HOUSING DEVELOPMENT (WHDC) IS A NON-PROFIT CORPORATION AUTHORIZED BY THE 1997 ANNUAL TOWN MEETING AND ESTABLISHED BY SPECIAL LEGISLATION ENACTED IN 1998 BY THE GENERAL COURT TO CREATE AND PRESERVE AFFORDABLE HOUSING (DEFINED AS HOUSING FOR INDIVIDUALS OR FAMILIES WITH INCOME AT LESS THAN 80% OF THE REGION'S MEDIAN INCOME) IN WELLESLEY. THE WHDC WAS FORMED TO FOCUS ON CREATIVE WAYS TO INCREASE AND PRESERVE AFFORDABLE HOUSING IN WELLESLEY THROUGH PARTNERSHIPS & THROUGH ITS OWN.
SPONSORING AND ASSISTING IN DEVELOPMENT AND PRESERVATION OF AFFORDABLE HOUSING OPPORTUNITIES FOR PERSONS OF LOW AND MODERATE INCOME IN THE TOWN OF WELLESLEY, MASSACHUSETTS. PROVIDING ANALYSIS AND...
SPONSORING AND ASSISTING IN DEVELOPMENT AND PRESERVATION OF AFFORDABLE HOUSING OPPORTUNITIES FOR PERSONS OF LOW AND MODERATE INCOME IN THE TOWN OF WELLESLEY, MASSACHUSETTS. PROVIDING ANALYSIS AND ADVICE TO 1) THE TOWN OF WELLESLEY PLANNING BOARD IN CONNECTION WITH ITS DEVELOPMENT OF INCLUSIONARY ZONING PROVISION IN THE ZONING BYLAWS AND 2) THE TOWN OF WELLESLEY SELECTMEN IN CONNECTION WITH THE PRESERVATION OF THE RENTAL ASSISTANCE SUBSIDY AT EXISTING AFFORDABLE HOUSING PROJECTS. MONITORING AND MAINTENANCE OF SUCH HOUSING.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $18,037 | $16,932 | +0.1% |
| Expenses | $3,650 | $3,650 | N/A |
| Net Income | $14,387 | $13,282 | +0.1% |
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 |
|---|---|---|---|---|---|---|
| MICAH O'NEIL | CHAIRMAN & DIRECTO | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| HOLLY GRACE | SECRETARY & DIRECTOR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL NILLES | TREASURER & DIRECTOR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARJORIE FREIMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2025 | $18,037 | $3,650 | $489,531 | $14,387 |
| 2024 | $16,932 | $3,650 | $475,144 | $13,282 |
| 2023 | $3,371 | $3,325 | $461,862 | $46 |
| 2022 | $3,883 | $3,740 | $461,816 | $143 |
| 2021 | $3,964 | $3,165 | $461,673 | $799 |
| 2020 | $2,259 | $3,740 | $460,874 | $-1,481 |
| 2019 | $6,368 | $3,745 | $462,355 | $2,623 |
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