CHARLESTOWN ECONOMIC DEVELOPMENT CORPORATION (EIN 042704682) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1976

Legal Domicile

Principal Officer

THOMAS CUNHA

Phone

6172422600

Tax Period

2023-01-01 to 2023-12-31

CHARLESTOWN ECONOMIC DEVELOPMENT CORPORATION, founded in 1976, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Expenses of $1.1M left a modest 12% surplus.

Mission

TO PROVIDE HOUSING TO THE ELDERLY IN A 30 UNIT COMPLEX IN CHARLESTOWN, MA.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $946,752

Program Service Revenue $226,899

Investment Income $53,686

Other Revenue $848

TOTAL REVENUE $1,228,185

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,079,147

TOTAL EXPENSES $1,079,147

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,228,185	$1,156,515	+0.1%
Expenses	$1,079,147	$991,246	+0.1%
Net Income	$149,038	$165,269	-0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS CUNHA	PRESIDENT/DIRECTOR	2.00	Officer Director	$0	$0	$0
EILEEN WARD	CLERK	2.00	Officer Director	$0	$0	$0
ERIC T PHILLIPI	TREASURER	2.00	Officer Director	$0	$0	$0
KEVIN ROCHE	OFFICER	2.00	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	$1,228,185	$1,079,147	$4,947,301	$149,038
2022	$1,156,515	$991,246	$4,861,998	$165,269
2021	$1,101,953	$919,715	$4,770,227	$182,238
2020	$1,077,283	$933,013	$4,634,986	$144,270
2019	$1,041,272	$1,039,556	$4,582,743	$1,716
2018	$1,086,805	$1,200,769	$4,619,939	$-113,964

CHARLESTOWN ECONOMIC DEVELOPMENT CORPORATION