NEWBURYPORT AFFORDABLE HOUSING CORPORATION (EIN 522414339) - 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

1998

Legal Domicile

Principal Officer

CHERYL AMEY

Phone

9784625905

Tax Period

2024-04-01 to 2025-03-31

NEWBURYPORT AFFORDABLE HOUSING CORPORATION, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $131K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $147K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE LIVING ACCOMMODATIONS TO LOW, MODERATE, AND MIDDLE INCOME PERSONS WITHIN THE COMMONWEALTH OF MASSACHUSETTS.

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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 $0

Program Service Revenue $130,648

Investment Income $0

Other Revenue $828

TOTAL REVENUE $131,476

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,529

Fundraising Expenses $0

Program Expenses $138,608

Other Expenses $144,729

TOTAL EXPENSES $147,258

Year-over-Year Comparison

	2024	2023	Change
Revenue	$131,476	$140,347	-0.1%
Expenses	$147,258	$146,067	+0.0%
Net Income	$-15,782	$-5,720	+1.8%

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

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

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

$135,815

Total Directors

$6,335

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHERYL AMEY	CHAIR	1.00	Officer Director	$0	$0	$1,267
THOMAS O'BRIEN	VICE CHAIR	1.00	Officer Director	$0	$0	$1,267
MARY KARABATSOS	MEMBER	1.00	Director	$0	$0	$1,267
SARAH HOLDEN	MEMBER	1.00	Director	$0	$0	$1,267
ALPHONSE MONTONI	MEMBER	1.00	Director	$0	$0	$1,267
TRACY WATSON	EXECUTIVE DIRECTOR	1.00	Officer	$0	$5,776	$133,281

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	$131,476	$147,258	$1,945,940	$-15,782
2024	$140,347	$146,067	$1,986,168	$-5,720
2023	$140,971	$151,034	$2,002,227	$-10,063
2022	$130,249	$148,848	$2,029,474	$-18,599
2021	$111,006	$153,276	$2,056,937	$-42,270

NEWBURYPORT AFFORDABLE HOUSING CORPORATION