CONCORD HOUSING DEVELOPMENT CORPORATION (EIN 611573215) - 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

2006

Legal Domicile

Principal Officer

LEE SMITH

Phone

9783183290

Tax Period

2023-07-01 to 2024-06-30

CONCORD HOUSING DEVELOPMENT CORPORATION, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $408K in total revenue in fiscal year 2023. The organization ran a surplus of $368K, a strong 90% operating margin.

Mission

THE CHDC IS A NON-PROFIT ORGANIZATION FOR THE PROVISION OF AFFORDABLE HOUSING FOR PERSONS OF LOW, MODERATE, AND MIDDLE INCOME AND OTHERS WHOSE NEEDS MAY BE IDENTIFIED FROM TIME TO TIME IN THE TOWN.

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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 $394,306

Program Service Revenue $0

Investment Income $0

Other Revenue $13,932

TOTAL REVENUE $408,238

Expense Breakdown

Grants Paid $14,705

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,996

Other Expenses $25,252

TOTAL EXPENSES $39,957

Year-over-Year Comparison

	2023	2022	Change
Revenue	$408,238	$427,062	0.0%
Expenses	$39,957	$35,958	+0.1%
Net Income	$368,281	$391,104	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAY ANDREWS	CLERK	0.50	Officer Director	$0	$0	$0
DAN DRAZEN	DIRECTOR	0.50	Director	$0	$0	$0
PETER LOWITT	TREASURER	0.50	Officer Director	$0	$0	$0
JULIE MCCLURE	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
LEE SMITH	PRESIDENT	1.50	Officer 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	$408,238	$39,957	$1,717,891	$368,281
2023	$427,062	$35,958	$1,353,147	$391,104
2022	$87,416	$17,002	$399,581	$70,414
2021	$34,780	$80,179	$328,968	$-45,399
2020	$486,232	$494,116	$374,166	$-7,884
2019	$375	$53,919	$384,450	$-53,544
2018	$67,587	$12,385	$438,994	$55,202

CONCORD HOUSING DEVELOPMENT CORPORATION