INDIAN ROCK SUPPORTIVE HOUSING INC C/O GREATER LYNN SENIOR SERVICES INC (EIN 542168612) - 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

2005

Legal Domicile

Principal Officer

KATHRYN BURNS

Phone

7815818619

Tax Period

2024-07-01 to 2025-06-30

INDIAN ROCK SUPPORTIVE HOUSING INC C/O GREATER LYNN SENIOR SERVICES INC, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $269K in total revenue in fiscal year 2024. Expenses of $383K exceeded revenue, resulting in a 42% operating deficit.

Mission

TO PROVIDE DECENT, CLEAN AND SANITARY HOUSING TO LOW INCOME ELDERLY PERSONS IN SAUGUS, MA.

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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 $265,331

Investment Income $3,554

Other Revenue $0

TOTAL REVENUE $268,885

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,985

Fundraising Expenses $0

Program Expenses $358,147

Other Expenses $334,983

TOTAL EXPENSES $382,968

Year-over-Year Comparison

	2024	2023	Change
Revenue	$268,885	$257,477	+0.0%
Expenses	$382,968	$337,047	+0.1%
Net Income	$-114,083	$-79,570	+0.4%

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

$482,813

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT PALLESCHI	DIRECTOR	1.00	Director	$0	$0	$0
ELLEN PALLESCHI	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT LONG	DIRECTOR	1.00	Director	$0	$0	$0
PETER ROSSETTI JR	DIRECTOR	1.00	Director	$0	$0	$0
NELSON CHANG	DIRECTOR	1.00	Director	$0	$0	$0
KATHRYN BURNS	PRESIDENT	1.00	Officer	$0	$37,386	$254,270
KEVIN DERRIVAN	TREASURER	1.00	Officer	$0	$29,323	$228,543

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	$268,885	$382,968	$2,642,844	$-114,083
2024	$257,477	$337,047	$2,736,427	$-79,570
2023	$195,680	$318,285	$2,827,796	$-122,605
2022	$171,051	$296,367	$2,948,710	$-125,316
2021	$162,490	$252,268	$3,048,525	$-89,778
2020	$172,258	$267,984	$3,128,737	$-95,726
2019	$176,565	$273,212	$3,214,168	$-96,647

INDIAN ROCK SUPPORTIVE HOUSING INC C/O GREATER LYNN SENIOR SERVICES INC