Chelsea Restoration (EIN 042614551) - Form 990 Financial Analysis & Trantor Score

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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

1977

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Chelsea Restoration, founded in 1977, is a small nonprofit in the Housing & Shelter sector that reported $361K in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $341K left a modest 6% surplus.

Mission

CHELSEA RESTORATION CORPORATION (THE ORGANIZATION) WAS FOUNDED IN 1977 AS A MASSACHUSETTS NONPROFIT ORGANIZATION. THE ORGANIZATION PROVIDES COMMUNITY REVITALIZATION SUPPORT AND SERVICES FOR HOMEBUYER EDUCATION,PRE-PURCHASE COUNSELING, AND DOWN PAYMENT ASSISTANCE.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $221,646

Program Service Revenue $123,017

Investment Income $16,493

Other Revenue $0

TOTAL REVENUE $361,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $231,076

Fundraising Expenses $3,710

Program Expenses $303,030

Other Expenses $109,747

TOTAL EXPENSES $340,823

Year-over-Year Comparison

	2023	2022	Change
Revenue	$361,156	$286,732	+0.3%
Expenses	$340,823	$365,606	-0.1%
Net Income	$20,333	$-78,874	-1.3%

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

$88,570

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marilyn Garcia	Executive Director	40.00	Director	$88,570	$0	$88,570
Kesia Ascecio	Director	5.00	Director	$0	$0	$0
Julio Bernal	Director	5.00	Director	$0	$0	$0
Glenda Mascis	Clerk	5.00	Director	$0	$0	$0
Virginia Todd	Director	5.00	Director	$0	$0	$0
Christine Deprizio	President	5.00	Officer Director	$0	$0	$0
Leo Robinson	Treasurer	5.00	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
2024	No data	No data	No data	No data
2023	$361,156	$340,823	$2,105,840	$20,333
2022	$286,732	$365,606	$2,019,582	$-78,874
2021	$362,119	$353,058	$2,245,879	$9,061
2020	$1,813,974	$1,887,849	$1,731,048	$-73,875
2019	$397,205	$592,477	$1,869,836	$-195,272
2019	$374,371	$533,985	$1,871,053	$-159,614
2018	$1,799,159	$371,243	$1,466,620	$1,427,916

Chelsea Restoration