CUMBERLAND, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CUMBERLAND HOUSING ALLIANCE INC, founded in 1999, is a micro nonprofit in the Housing & Shelter sector that reported $20K in total revenue in fiscal year 2020. Expenses of $48K exceeded revenue, resulting in a 140% operating deficit.
Our mission is to address the housing and community economic development needs of low to moderate income residents of the greater Cumberland region. By developing affordable housing, creating home ownership opportunities, ensuring long term availability of developable land, and economic development activities.
The CHRP Program was designed to remove blighted properties in Cumberland by renovating existing or building new replacement housing for low income buyers. The City of Cumberland, MD has committed to...
The CHRP Program was designed to remove blighted properties in Cumberland by renovating existing or building new replacement housing for low income buyers. The City of Cumberland, MD has committed to supplying properties owned by the City of Cumberland through tax sales ad acquisitions to the new program. Cumberland Neighborhood Housing Services, Inc. granted $500,000 to the organization in the previous fiscal year to the organization due to the funds previously being from NeighborWorks America organization and the organization ended their relationship with the understanding that the funds will be used towards the revitalization program.
The Cumberland Housing Alliance is a sub-recipient for a Neighborhood Conservation Initiative Grant through the state of Maryland to acquire a foreclosed partially constructed subdivision. Net...
The Cumberland Housing Alliance is a sub-recipient for a Neighborhood Conservation Initiative Grant through the state of Maryland to acquire a foreclosed partially constructed subdivision. Net proceeds from sales are Program Income Funds and are required to be with the recipient, Cumberland Housing Authority.
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)| 2020 | 2019 | Change | |
|---|---|---|---|
| Revenue | $19,800 | $-71,515 | -1.3% |
| Expenses | $47,550 | $64,691 | -0.3% |
| Net Income | $-27,750 | $-136,206 | -0.8% |
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 |
|---|---|---|---|---|---|---|
| N/A | CEO | 2 |
Officer
|
$0 | $0 | $0 |
| ERIC DELANEY | CHAIRMAN | 0.1 |
Officer
|
$0 | $0 | $0 |
| GARLAND KEARNEY | VICE-CHAIRMAN | 0.1 |
Officer
|
$0 | $0 | $0 |
| BRUCE IRONS | BOARD MEMBER | 0.1 |
Officer
|
$0 | $0 | $0 |
| VALERIE F VANHOLLEN | BOARD MEMBER | 0.1 |
Officer
|
$0 | $0 | $0 |
| PHIL CRIPPEN | BOARD MEMBER | 0.1 |
Officer
|
$0 | $0 | $0 |
| DONNA MONTELEONE | BOARD MEMBER | 0.1 |
Officer
|
$0 | $0 | $0 |
| JEFFREY T METZ | BOARD MEMBER | 0.1 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2021 | $19,800 | $47,550 | $792,052 | $-27,750 |
| 2020 | $-71,515 | $64,691 | $819,802 | $-136,206 |
| 2019 | $-113,547 | $57,037 | $969,275 | $-170,584 |
Compare CUMBERLAND HOUSING ALLIANCE INC with other nonprofits in Maryland and across the country.