REVITALIZATION EFFORT TOWARD NEW URBANISM

EIN: 821313222 501(c)(3) Housing & Shelter

Lowell, MA

Total Revenue
$1,040
Total Expenses
$16,818
Total Assets
$1,250,047
Net Assets
$1,091,412
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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
2017
Legal Domicile
MA
Principal Officer
Tha Chhan
Phone
9783645309
Tax Period
2024-01-01 to 2024-12-31

REVITALIZATION EFFORT TOWARD NEW URBANISM, founded in 2017, is a micro nonprofit in the Housing & Shelter sector that reported $1K in total revenue in fiscal year 2024. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $17K exceeded revenue, resulting in a 1517% operating deficit.

Mission

Develop, own and operate affordable housing for low and moderate income persons and families primarily in Lowell, MA for the purpose of providing permanent, stable housing to those unable to secure same without public/private assistance, while enhancing and revitalizing neighborhoods and promoting economic growth and urbanism

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1,040
Other Revenue $0
TOTAL REVENUE $1,040

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $16,818
TOTAL EXPENSES $16,818

Year-over-Year Comparison

2024 2023 Change
Revenue $1,040 $58,060 -1.0%
Expenses $16,818 $18,204 -0.1%
Net Income $-15,778 $39,856 -1.4%
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

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Governance

Voting Members
11
Independent Members
5
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
3
$290,002
Total Directors
11
$502,979
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tha Chhan President 2.00
Officer Director
$0 $0 $177,009
Alisen Purtell Director 0.50
Director
$0 $0 $124,623
Mark Briere Treasurer 2.00
Officer Director
$0 $0 $112,993
Katie Sadlier Clerk 0.50
Director
$0 $0 $88,354
Matt Marr Director 0.50
Director
$0 $0 $0
Rodney Elliott Director 0.50
Director
$0 $0 $0
Douglas Corcoran Director 0.50
Director
$0 $0 $0
Bopha Boutselis Director 0.50
Director
$0 $0 $0
Mona Tyree Director 0.50
Director
$0 $0 $0
Dave Ouellette Vice President 0.50
Officer Director
$0 $0 $0
Tanya Ford Director 0.5
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
2024 $1,040 $16,818 $1,250,047 $-15,778
2023 $58,060 $18,204 $1,249,235 $39,856
2022 $11,579 $37,136 $1,193,013 $-25,557
2021 $660,097 $42,708 $1,188,290 $617,389
2020 $524,620 $29,181 $594,046 $495,439
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