METRO NORTH HOUSING CORP

EIN: 474781061 501(c)(3) Housing & Shelter

MALDEN, MA

Total Revenue
$721,917
Total Expenses
$677,078
Total Assets
$7,787,034
Net Assets
$236,885
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
MA
Principal Officer
LAURA SPARK
Phone
6176377152
Tax Period
2023-10-01 to 2024-09-30

METRO NORTH HOUSING CORP, founded in 2015, is a small nonprofit in the Housing & Shelter sector that reported $722K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $677K left a modest 6% surplus.

Mission

THE ORGANIZATION DEVELOPS AND OPERATES AFFORDABLE HOUSING FOR LOW INCOME AND HOMELESS PERSONS IN THE METRO NORTH AREA.

Program Service Accomplishments

Program 1
Expenses: $335,412 Revenue: $63,358

METRO NORTH HOUSING CORP OWNS AND OPERATES THREE PERMANENT SUPPORTIVE HOUSING PROJECTS FOR LOW INCOME AND FORMERLY HOMELESS INDIVIDUALS. BOTH PROVIDE AFFORDABLE, PERMANENT HOUSING, WITH ON-SITE HOUSE...

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METRO NORTH HOUSING CORP OWNS AND OPERATES THREE PERMANENT SUPPORTIVE HOUSING PROJECTS FOR LOW INCOME AND FORMERLY HOMELESS INDIVIDUALS. BOTH PROVIDE AFFORDABLE, PERMANENT HOUSING, WITH ON-SITE HOUSE MANAGEMENT, CASE MANAGEMENT, ACCESS TO 24-7 EMERGENCY CRISIS LINE. THE THREE HOMES PROVIDE 25 UNITS OF HOUSING TO ADULTS. CASE MANAGEMENT SERVICES INCLUDE INDIVIDUALIZED SUPPORT, CONFLICT RESOLUTION, AND HELP ACCESSING BENEFITS, EMPLOYMENT, MENTAL HEALTH AND HEALTH CARE SERVICES, IF NEEDED, AND OTHER ASSISTANCE TO HELP RESIDENTS MAINTAIN TENANCIES AND LIVE INDEPENDENTLY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $658,559
Program Service Revenue $63,358
Investment Income $0
Other Revenue $0
TOTAL REVENUE $721,917

Expense Breakdown

Grants Paid $0
Salaries & Benefits $45,947
Fundraising Expenses $0
Program Expenses $335,412
Other Expenses $631,131
TOTAL EXPENSES $677,078

Year-over-Year Comparison

2023 2022 Change
Revenue $721,917 $765,060 -0.1%
Expenses $677,078 $514,029 +0.3%
Net Income $44,839 $251,031 -0.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
11
Employees
N/A
Volunteers
11

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
5
$52,625
Total Directors
12
$52,625
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANNY LEBLANC EXECUTIVE DIRECTOR 11.00
Officer Director
$52,625 $0 $52,625
LAURA SPARK PRESIDENT 5.00
Officer Director
$0 $0 $0
LARRY GOTTLIEB VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
GERALD ZAIS TREASURER 5.00
Officer Director
$0 $0 $0
SARA BRANDON CLERK 2.00
Officer Director
$0 $0 $0
RENEE CAMMARATA HAMILTON DIRECTOR 2.00
Director
$0 $0 $0
KAREN COLON HAYES DIRECTOR 2.00
Director
$0 $0 $0
MELISSA JADHAV DIRECTOR 2.00
Director
$0 $0 $0
KATHLEEN MCKENNA DIRECTOR 2.00
Director
$0 $0 $0
LAURA ROSI ESQ DIRECTOR 2.00
Director
$0 $0 $0
ELLEN SMITH DIRECTOR 5.00
Director
$0 $0 $0
GABRIELLA SNYDER STELMACK DIRECTOR 5.00
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
2024 $721,917 $677,078 $7,787,034 $44,839
2023 $765,060 $514,029 $5,681,102 $251,031
2022 $452,895 $465,753 $2,472,354 $-12,858
2021 $506,301 $457,165 $2,530,750 $49,136
2020 $340,838 $380,848 $2,390,075 $-40,010
2019 $195,144 $310,421 $2,370,052 $-115,277
2018 $165,213 $173,683 $2,197,637 $-8,470
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