TEMPLE, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)COMMONWEALTH NEIGHBORHOODS INC, founded in 2019, is a micro nonprofit in the Housing & Shelter sector that reported $39K in total revenue in fiscal year 2023. Revenue surged 500% from the prior year, signaling strong growth momentum. Expenses of $35K left a modest 11% surplus.
(A) PROVIDE DECENT, CLEAN, AND SAFE HOUSING THAT IS AFFORDABLE TO LOW-INCOME ANDMODERATE-INCOME PEOPLE IN THE STATE OF TEXAS AND THROUGHOUT THE UNITED STATES OFAMERICA;(B) DESIGN AND IMPLEMENT EDUCATIONAL, SELF-IMPROVEMENT AND OTHER SERVICESAPPROPRIATE FOR LOW-INCOME AND MODERATE-INCOME RESIDENTS OF AFFORDABLE COMMUNITIESFOR USE BY AFFILIATES OF THE CORPORATION AND THIRD-PARTY AFFORDABLE HOUSING OWNERS;(C) IMPLEMENT AND ADMINISTER SERVICES TO LOW-INCOME AND MODERATE-INCOME RESIDENTSOF AFFORDABLE COMMUNITIES;(D) TO WORK WITH MUNICIPALITIES, INDIVIDUALS, PARTNERSHIPS, CORPORATIONS AND OTHERS INTHE UNITED STATES OF AMERICA TO MAKE AFFORDABLE HOUSING AVAILABLE, AND TO HOLD, CONVEY,DEVELOP, MORTGAGE, LEASE AND SELL SAID HOUSING;(E) TO OBTAIN AND MAINTAIN A DETERMINATION BY THE INTERNAL REVENUE SERVICE ("IRS")THAT THE CORPORATION IS TAX-EXEMPT PURSUANT TO 501(C)(3) OF THE INTERNAL, REVENUE CODE(THE "CODE").(F) TO CONDUCT ITSELF AS A COMMUNITY HOUSING DEVELOPMENT O
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 | $39,172 | $6,527 | +5.0% |
| Expenses | $34,857 | $21,972 | +0.6% |
| Net Income | $4,315 | $-15,445 | -1.3% |
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 |
|---|---|---|---|---|---|---|
| CYNTHIA D BOSTON | PRESIDENT | 12.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID P COLE | SECRETARY/TREASURER | 12.00 |
Officer
Director
|
$0 | $0 | $0 |
| LINDA C GOOD | LOW-INCOME REPRESENTATIVE | 6.00 |
Director
|
$0 | $0 | $0 |
| PATRICIA RAINWATER | LOW-INCOME REPRESENTATIVE | 6.00 |
Director
|
$0 | $0 | $0 |
| TUANA BLEVINS | BOARD MEMBER | 6.00 |
Director
|
$0 | $0 | $0 |
| JACQUE H WOODRING | BOARD MEMBER | 6.00 |
Director
|
$0 | $0 | $0 |
| ESTHER CHAVEZ | BOARD MEMBER | 6.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $39,172 | $34,857 | $9,469 | $4,315 |
| 2022 | $6,527 | $21,972 | $5,154 | $-15,445 |
| 2021 | $56,892 | $39,483 | $23,599 | $17,409 |
| 2020 | $10,000 | $26,904 | $6,190 | $-16,904 |
Compare COMMONWEALTH NEIGHBORHOODS INC with other nonprofits in Texas and across the country.