TEMPLE, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)COMMONWEALTH MULTIFAMILY HOUSING CORPORATION, founded in 2000, is a mid-sized nonprofit in the Housing & Shelter sector that reported $14.5M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. Expenses of $19.2M exceeded revenue, resulting in a 33% operating deficit.
PROVIDE AFFORDABLE HOUSING FOR RELIEF OF POOR AND DISTRESSED.
AFFORDABLE RENTS: THE ORGANIZATION HAS MAINTAINED ITS RENTS FOR 75% OR MORE OF THE RESIDENTIAL UNITS AT AT A LEVEL WHICH IS AFFORDABLE FOR RESIDENTS MAKING 80% OR LESS OF AREA MEDIAN INCOME (AMI) IN...
AFFORDABLE RENTS: THE ORGANIZATION HAS MAINTAINED ITS RENTS FOR 75% OR MORE OF THE RESIDENTIAL UNITS AT AT A LEVEL WHICH IS AFFORDABLE FOR RESIDENTS MAKING 80% OR LESS OF AREA MEDIAN INCOME (AMI) IN THE METROPOLITAN AREAS WHERE EACH OF ITS APARTMENT PROPERTIES ARE LOCATED.
ENHANCED COMMUNITIES: THE ORGANIZATION PROVIDES LOW- AND VERY-LOW-INCOME RESIDENTS WITH AN AFFORDABLE, SAFE COMMUNITY ENHANCED BY SPECIALLY TRAINED AFFORDABLE HOUSING MANAGEMENT PROFESSIONALS WHO...
ENHANCED COMMUNITIES: THE ORGANIZATION PROVIDES LOW- AND VERY-LOW-INCOME RESIDENTS WITH AN AFFORDABLE, SAFE COMMUNITY ENHANCED BY SPECIALLY TRAINED AFFORDABLE HOUSING MANAGEMENT PROFESSIONALS WHO BRING NURTURING AND SUPPORTIVE ATTITUDES TO THE STAFF-RESIDENT RELATIONSHIP AND PROVIDE SERVICES WHICH GO FAR BEYOND SIMPLE LEASING, COLLECTION AND MAINTENANCE.
CAPITAL IMPROVEMENTS: THE ORGANIZATION CONTINUES TO BE ENGAGED IN A PROGRAM OF CAPITAL IMPROVEMENTS DESIGNED TO MAINTAIN ITS PROPERTIES AS SAFE, SANITARY AND DESIRABLE COMMUNITIES WHILE RETAINING...
CAPITAL IMPROVEMENTS: THE ORGANIZATION CONTINUES TO BE ENGAGED IN A PROGRAM OF CAPITAL IMPROVEMENTS DESIGNED TO MAINTAIN ITS PROPERTIES AS SAFE, SANITARY AND DESIRABLE COMMUNITIES WHILE RETAINING THEIR AFFORDABILITY.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $14,451,584 | $16,891,417 | -0.1% |
| Expenses | $19,244,991 | $21,156,490 | -0.1% |
| Net Income | $-4,793,407 | $-4,265,073 | +0.1% |
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 |
|---|---|---|---|---|---|---|
| JOHN A CARLISI | PRESIDENT/TREASURER | 20.25 |
Officer
Director
|
$150,000 | $0 | $150,000 |
| DAVID P COLE | VICE PRESIDENT/SECRETARY | 20.25 |
Officer
Director
|
$150,000 | $0 | $150,000 |
| PATRICIA RAINWATER | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| MARGARET MCFARLAND | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| JACQUE H WOODRING | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| ASHLEY MARSHALL | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| ESTHER CHAVEZ | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $14,451,584 | $19,244,991 | $104,329,337 | $-4,793,407 |
| 2023 | $16,891,417 | $21,156,490 | $109,994,773 | $-4,265,073 |
| 2022 | $15,668,421 | $22,789,816 | $136,139,637 | $-7,121,395 |
| 2021 | $14,871,130 | $16,164,257 | $162,876,921 | $-1,293,127 |
| 2020 | $12,521,462 | $13,580,796 | $66,399,835 | $-1,059,334 |
| 2019 | $7,333,624 | $8,911,420 | $43,792,252 | $-1,577,796 |
| 2018 | $6,240,752 | $8,837,536 | $59,710,492 | $-2,596,784 |
Compare COMMONWEALTH MULTIFAMILY HOUSING CORPORATION with other nonprofits in Texas and across the country.