BOSTON, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BPHC NORTHAMPTON DEVELOPMENT CORP INC, founded in 2013, is a small nonprofit in the Housing & Shelter sector that reported $580K in total revenue in fiscal year 2023. Revenue fell 72% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $205K, a strong 35% operating margin.
THE ORGANIZATIONS MISSION IS TO PROMOTE SOCIAL WELFARE BY BRINGING ABOUT CIVIC BETTERMENTS AND SOCIAL IMPROVEMENTS BY LESSONING THE BURDENS ON GOVERNMENT AND HELPING TO PROVIDE AFFORDABLE HOUSING TO RESIDENTS OF THE CITY OF BOSTON, THEREBY RELIEVING THE POOR AND DISTRESSED. OVER THE LAST 10 YEARS WE HAVE HELPED REHABILITATE AND MAINTAIN 347 RESIDENTIAL UNITS, OF WHICH, 265 ARE AFFORDABLE TO RESIDENTS MAKING 60% OF THE AREA MEDIAN INCOME OR LESS AND 82 UNITS THAT ARE AFFORDABLE TO RESIDENTS MAKING NO MORE THAN 70% OF AREA MEDIAN INCOME ON OUR NORTHAMPTON SQUARE CAMPUS. WE ALSO PROVIDE SERVICES FOR THE HOMELESS.
TO PROMOTE CIVIC BETTERMENTS, SOCIAL IMPROVEMENTS BY HELPING TO PROVIDE AFFORDABLE LOW-INCOME HOUSING IN THE CITY OF BOSTON ON THE NORTHAMPTON SQUARE CAMPUS, WITHOUT BURDENING THE GOVERNMENT. FOR...
TO PROMOTE CIVIC BETTERMENTS, SOCIAL IMPROVEMENTS BY HELPING TO PROVIDE AFFORDABLE LOW-INCOME HOUSING IN THE CITY OF BOSTON ON THE NORTHAMPTON SQUARE CAMPUS, WITHOUT BURDENING THE GOVERNMENT. FOR PURPOSES OF REHABILITATING TWO BUILDINGS, 347 UNITS OWNED BY THE BOSTON PUBLIC HEALTH COMMISSION ("BPHC"), TWO FOR-PROFIT PARTNERSHIPS ENTERED INTO CAPITAL LEASES FOR THE TWO BUILDINGS, AND RAISED THE FUNDS TO DO A SIGNIFICANT REHABILITATION OF THE TWO BUILDINGS. PROGRAM REVENUE IS RECEIVED FROM THE PARTNERSHIPS IN THE FORM OF LEASE PAYMENTS AS WELL AS ACCRUED INTEREST ON LOANS PROVIDED THROUGH THE SALE OF STATE LOW INCOME HOUSING TAX CREDITS THAT ARE DUE UPON MATURITY. ONCE THE ORGANIZATION RECEIVES THE LEASE PAYMENTS THAT ARE CONTINGENT ON CASH AVAILABLE FROM THE PARTNERSHIPS, CASH PAYMENTS ARE PAID OUT TO THE BPHC TO FUND PROGRAMS FOR THE HOMELESS AND OTHER SERVICES. A SCHEDULE R IS ATTACHED TO DISCLOSE THE RELATED PARTY. DURING THIS YEAR THE PAYMENTS IN THE AMOUNT OF $375,000 WERE PAID TO THE BPHC FOR THE PROGRAM SERVICES.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $580,120 | $2,078,212 | -0.7% |
| Expenses | $375,000 | $1,875,000 | -0.8% |
| Net Income | $205,120 | $203,212 | +0.0% |
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 |
|---|---|---|---|---|---|---|
| TIMOTHY HARRINGTON | PRESIDENT/CLERK/DIRECTOR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BATOOL RAZA | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $580,120 | $375,000 | $20,717,089 | $205,120 |
| 2023 | $2,078,212 | $1,875,000 | $20,511,969 | $203,212 |
| 2022 | $1,325,517 | $1,125,000 | $20,308,757 | $200,517 |
| 2021 | $1,699,614 | $1,500,000 | $21,203,432 | $199,614 |
Compare BPHC NORTHAMPTON DEVELOPMENT CORP INC with other nonprofits in Massachusetts and across the country.