GAMWELL DEVELOPMENT CORPORATION

EIN: 010882153 501(c)(3) Housing & Shelter

PITTSFIELD, MA

Total Revenue
$57,764
Total Expenses
$98,247
Total Assets
$862,771
Net Assets
$-328,891
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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
2007
Legal Domicile
MA
Phone
4134994241
Tax Period
2024-07-01 to 2025-06-30

GAMWELL DEVELOPMENT CORPORATION, founded in 2007, is a micro nonprofit in the Housing & Shelter sector that reported $58K in total revenue in fiscal year 2024. Expenses of $98K exceeded revenue, resulting in a 70% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING FOR THE DEVELOPMENTALLY DISABLED

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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 $4,717
Program Service Revenue $53,005
Investment Income $42
Other Revenue $0
TOTAL REVENUE $57,764

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,312
Fundraising Expenses $0
Program Expenses $78,615
Other Expenses $91,935
TOTAL EXPENSES $98,247

Year-over-Year Comparison

2024 2023 Change
Revenue $57,764 $54,067 +0.1%
Expenses $98,247 $74,199 +0.3%
Net Income $-40,483 $-20,132 +1.0%
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
3
Independent Members
3
Employees
N/A
Volunteers
3

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
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID CIANFLONE President 1.00
Officer Director
$0 $0 $0
GREGG LEVANTE Treasurer 0.50
Officer Director
$0 $0 $0
CLEMENTINA MONTELEONE CLERK 0.50
Officer 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
2025 $57,764 $98,247 $862,771 $-40,483
2024 $54,067 $74,199 $893,847 $-20,132
2023 $54,052 $77,653 $917,854 $-23,601
2022 $57,527 $106,840 $944,085 $-49,313
2021 $54,042 $81,406 $997,191 $-27,364
2020 $54,040 $67,633 $1,015,938 $-13,593
2019 $53,892 $88,848 $1,026,722 $-34,956
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