VOA SOMERVILLE VETERANS HOUSING INC (EIN 454915532) - 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

2012

Legal Domicile

Principal Officer

CHARLES GAGNON

Phone

6175228086

Tax Period

2024-07-01 to 2025-06-30

VOA SOMERVILLE VETERANS HOUSING INC, founded in 2012, is a small nonprofit that reported $692K in total revenue in fiscal year 2024. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $991K exceeded revenue, resulting in a 43% operating deficit.

Mission

TO PROVIDE HOUSING AND SUPPORTIVE SERVICES TO THE VETERANS OF THE UNITED STATES MILITARY.

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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 $604,205

Program Service Revenue $87,299

Investment Income $892

Other Revenue $0

TOTAL REVENUE $692,396

Expense Breakdown

Grants Paid $0

Salaries & Benefits $472,209

Fundraising Expenses $0

Program Expenses $881,128

Other Expenses $518,386

TOTAL EXPENSES $990,595

Year-over-Year Comparison

	2024	2023	Change
Revenue	$692,396	$1,067,640	-0.4%
Expenses	$990,595	$876,285	+0.1%
Net Income	$-298,199	$191,355	-2.6%

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

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

$577,820

Total Directors

$577,820

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES GAGNON	PRESIDENT	5.00	Officer Director	$0	$84,914	$364,028
GAYLE LACROIX	CFO/TREASURE	5.00	Officer Director	$0	$20,731	$213,792
PHIL CHADWICK	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
ASHWINI NADKARNI	DIRECTOR	2.00	Director	$0	$0	$0
DAVID WITTMAN	DIRECTOR	2.00	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
2025	$692,396	$990,595	$5,088,025	$-298,199
2024	$1,067,640	$876,285	$5,215,939	$191,355
2023	$840,227	$798,514	$4,945,127	$41,713
2022	$883,646	$792,721	$4,842,041	$90,925
2021	$767,147	$829,190	$4,981,462	$-62,043
2020	$638,709	$772,033	$5,044,962	$-133,324
2019	$640,498	$764,188	$5,080,077	$-123,690

VOA SOMERVILLE VETERANS HOUSING INC