BOWDOIN MANOR HOUSING INC C/O COMMONWEALTH LAND TRUST

EIN: 823536947 501(c)(3) Housing & Shelter

BOSTON, MA

Total Revenue
$2,309,700
Total Expenses
$1,766,809
Total Assets
$7,732,658
Net Assets
$2,546,437
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
MA
Principal Officer
IVA COMEY
Phone
6174454075
Tax Period
2024-01-01 to 2024-12-31

BOWDOIN MANOR HOUSING INC C/O COMMONWEALTH LAND TRUST, founded in 2017, is a community nonprofit in the Housing & Shelter sector that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $543K, a strong 24% operating margin.

Mission

TO OWN AND OPERATE A RESIDENTIAL BUILDING FOR LOW-INCOME INDIVIDUALS.

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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 $1,858,180
Program Service Revenue $277,555
Investment Income $50
Other Revenue $173,915
TOTAL REVENUE $2,309,700

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,580,675
Other Expenses $1,766,809
TOTAL EXPENSES $1,766,809

Year-over-Year Comparison

2024 2023 Change
Revenue $2,309,700 $1,763,769 +0.3%
Expenses $1,766,809 $1,721,685 +0.0%
Net Income $542,891 $42,084 +11.9%
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
10
Independent Members
9
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
6
$373,907
Total Directors
10
$209,941
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
IVA COMEY PRESIDENT 0.50
Officer Director
$0 $0 $209,941
ALBERTO CHANG LCSW DIRECTOR 0.50
Director
$0 $0 $0
ALEXANDER SCHULTZ VICE CHAIR 0.50
Officer Director
$0 $0 $0
ALEXANDRA SCHWEITZER DIRECTOR 0.50
Director
$0 $0 $0
DAVID ROSENBLATT DIRECTOR 0.50
Director
$0 $0 $0
BRUCE HENDERSON CHAIR 0.50
Officer Director
$0 $0 $0
MARVA SEROTKIN DIRECTOR 0.50
Director
$0 $0 $0
DAVID HALE CLERK 0.50
Officer Director
$0 $0 $0
AMANDA WALL DIRECTOR 0.50
Director
$0 $0 $0
TAMIRIRASHE GAMBIZA TREASURER 0.50
Officer Director
$0 $0 $0
MONICA JUSCEN CFO 0.50
Officer
$0 $1,616 $163,966
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 $2,309,700 $1,766,809 $7,732,658 $542,891
2023 $1,763,769 $1,721,685 $7,381,284 $42,084
2022 $2,066,220 $1,763,067 $7,363,632 $303,153
2021 $1,802,793 $1,628,401 $8,217,374 $174,392
2020 $1,293,189 $1,302,329 $7,270,377 $-9,140
2019 $1,277,692 $1,356,942 $7,265,427 $-79,250
2018 $1,250,839 $1,290,115 $7,377,385 $-39,276
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