QUINCY HOUSING AUTHORITY DEVELOPMENT CORPORATION (EIN 471929828) - 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

2015

Legal Domicile

Principal Officer

James Marathas

Phone

6178474350

Tax Period

2023-07-01 to 2024-06-30

QUINCY HOUSING AUTHORITY DEVELOPMENT CORPORATION, founded in 2015, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.4M in total revenue in fiscal year 2023. Revenue surged 1524773% from the prior year, signaling strong growth momentum. Expenses of $4.2M exceeded revenue, resulting in a 21% operating deficit.

Mission

Support for low income housing programs

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,427,003

Investment Income $19,210

Other Revenue $0

TOTAL REVENUE $3,446,213

Expense Breakdown

Grants Paid $0

Salaries & Benefits $707,372

Fundraising Expenses $0

Program Expenses $4,179,290

Other Expenses $3,471,918

TOTAL EXPENSES $4,179,290

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,446,213	$226	+15247.7%
Expenses	$4,179,290	$5,411	+771.4%
Net Income	$-733,077	$-5,185	+140.4%

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

$348,662

Total Directors

$357,188

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
James Marathas	Vice President and Director	1	Officer Director Highest	$0	$107,904	$323,084
Grace Mcauliffe	Finance Director	0	Highest	$0	$80,024	$239,605
Thomas Gorman	Plumber	0	Highest	$0	$71,107	$212,906
Clinton Gentile	Plumber	0	Highest	$0	$69,582	$208,341
Martin Emerson	Plasterer	0	Highest	$0	$63,210	$189,262
Michael Flaherty	President and Director	1	Officer Director	$0	$606	$8,526
Timothy Baker	Treasurer and Director	1	Officer Director	$0	$606	$8,526
Brian Clifford	Clerk and Director	1	Officer Director	$0	$606	$8,526
Josephine Shea	Director	1	Director	$0	$606	$8,526
John Decarli	Director	1	Director	$0	$0	$0
Sherry Zou	Director	1	Director	$0	$0	$0
Thomas Fabrizio	Director	1	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	No data	No data	No data	No data
2024	$3,446,213	$4,179,290	$8,972,332	$-733,077

QUINCY HOUSING AUTHORITY DEVELOPMENT CORPORATION