CARITAS COMMUNITIES INC

EIN: 042875899 501(c)(3) Housing & Shelter

BRAINTREE, MA

Total Revenue
$5,802,494
Total Expenses
$6,455,014
Total Assets
$19,363,168
Net Assets
$-4,610,591
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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
MA
Principal Officer
FRANK CONNELL
Phone
7818431242
Tax Period
2023-01-01 to 2023-12-31

CARITAS COMMUNITIES INC, founded in 1985, is a community nonprofit in the Housing & Shelter sector that reported $5.8M in total revenue in fiscal year 2023. Expenses of $6.5M exceeded revenue, resulting in a 11% operating deficit.

Mission

AT CARITAS COMMUNITIES, WE PREVENT HOMELESSNESS BY PROVIDING VERY LOW INCOME INDIVIDUALS WITH PERMANENT HOUSING, SUPPORT, SENSE OF COMMUNITY, AND EXPANDED OPPORTUNITIES. FOR OVER 39 YEARS, CARITAS HAS HELPED FILL THE NEED FOR SAFE, SECURE HOUSING IN GREATER BOSTON.

Program Service Accomplishments

Program 1
Expenses: $6,357,610 Revenue: $974,752

PROPERTY MANAGEMENT & REAL ESTATE DEVELOPMENT - CARITAS COMMUNITIES, INC. SERVES AS THE REAL ESTATE DEVELOPER AND PROPERTY MANAGER OF ALL OF ITS 34 BUILDINGS LOCATED IN 14 GREATER BOSTON COMMUNITIES...

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PROPERTY MANAGEMENT & REAL ESTATE DEVELOPMENT - CARITAS COMMUNITIES, INC. SERVES AS THE REAL ESTATE DEVELOPER AND PROPERTY MANAGER OF ALL OF ITS 34 BUILDINGS LOCATED IN 14 GREATER BOSTON COMMUNITIES, AND HAS SERVED AS A CO-DEVELOPER OF THREE ADDITIONAL AFFORDABLE HOUSING PROJECTS LOCATED IN SOUTH BOSTON. CARITAS COMMUNITIES, INC. UNDERSTANDS THE IMPORTANCE OF STABLE, SAFE, AND QUALITY HOUSING AND BY SERVING AS THE DEVELOPER AND PROPERTY MANAGER OF ITS RENTAL HOUSING, CARITAS COMMUNITIES, INC. IS ABLE TO ENSURE ITS HOUSING MAINTAINS THE STANDARD OF EXCELLENCE ITS RESIDENTS DESERVE.

Program 2
Revenue: $2,648,379

RENTAL HOUSING - CARITAS COMMUNITIES, INC. PROVIDES PERMANENT HOMES TO MORE THAN 1,000 VERY LOW-INCOME INDIVIDUALS. FOR OVER 39 YEARS, CARITAS HAS HELPED FILL THE NEED FOR AFFORDABLE, SAFE, SECURE...

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RENTAL HOUSING - CARITAS COMMUNITIES, INC. PROVIDES PERMANENT HOMES TO MORE THAN 1,000 VERY LOW-INCOME INDIVIDUALS. FOR OVER 39 YEARS, CARITAS HAS HELPED FILL THE NEED FOR AFFORDABLE, SAFE, SECURE HOUSING IN GREATER BOSTON. WE PREVENT HOMELESSNESS AND STABILIZE NEIGHBORHOODS. CARITAS COMMUNITIES, INC. PRIDES ITSELF ON PROVIDING SAFE, WELL MAINTAINED, STABLE HOUSING. EACH HOUSE IS SUPERVISED BY A LIVE-IN RESIDENT MANAGER RESPONSIBLE FOR THE WELL-BEING OF THE RESIDENTS AND THE UPKEEP OF THE PROPERTY. THE CARITAS MODEL CREATES SUSTAINABLE PROPERTIES THAT LESSEN THE NEED FOR HOMELESS SHELTERS. WE MAKE IT POSSIBLE FOR OUR RESIDENTS TO HAVE A PERMANENT HOME, AND TO MAINTAIN DIGNITY AND STABILITY IN THEIR LIVES.

Program 3

HEALTHY RESIDENTS - CARITAS DEVELOPED THE HEALTHY RESIDENT PROGRAM TO HELP HEAL THE OUTCOMES OF POVERTY AND HOMELESSNESS THAT RESULT IN ISOLATION, DISTRUST, DEPRESSION AND POOR HEALTH. CARITAS'...

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HEALTHY RESIDENTS - CARITAS DEVELOPED THE HEALTHY RESIDENT PROGRAM TO HELP HEAL THE OUTCOMES OF POVERTY AND HOMELESSNESS THAT RESULT IN ISOLATION, DISTRUST, DEPRESSION AND POOR HEALTH. CARITAS' HEALTHY RESIDENT PROGRAM ENCOMPASSES FREE Y MEMBERSHIPS, COMMUNITY MEALS, OPEN ART WORKSHOPS, WRITING WORKSHOPS, BUDGET WORKSHOPS AND LIBRARIES IN OUR HOMES, ALL INTENDED TO PROVIDE CARITAS RESIDENTS WITH OPPORTUNITIES TO CONNECT WITH OTHERS AND PARTICIPATE IN ACTIVITIES THAT FACILITATE PHYSICAL AND MENTAL WELLNESS AND SOCIAL BELONGING.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,113,462
Program Service Revenue $3,362,974
Investment Income $65,901
Other Revenue $260,157
TOTAL REVENUE $5,802,494

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,039,500
Fundraising Expenses $0
Program Expenses $6,357,610
Other Expenses $3,415,514
TOTAL EXPENSES $6,455,014

Year-over-Year Comparison

2023 2022 Change
Revenue $5,802,494 $5,401,500 +0.1%
Expenses $6,455,014 $6,746,293 0.0%
Net Income $-652,520 $-1,344,793 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
16

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
8
$591,579
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILL CHURCHILL CHAIRMAN 0.80
Officer Director
$0 $0 $0
ROBERLYNE CHERFILS VICE CHAIR 0.80
Officer Director
$0 $0 $0
ROBERT MAULDEN TREASURER 0.80
Officer Director
$0 $0 $0
MAURA MURPHY CLERK 0.80
Officer Director
$0 $0 $0
MICHAEL BINETTE DIRECTOR 0.80
Director
$0 $0 $0
YASMINE BOUCHRARA DIRECTOR 0.80
Director
$0 $0 $0
JOHN BRENNAN III DIRECTOR 0.80
Director
$0 $0 $0
KATIE CATLENDER DIRECTOR 0.80
Director
$0 $0 $0
R DUANE CLARK II DIRECTOR 0.80
Director
$0 $0 $0
TIM CORCORAN DIRECTOR 0.80
Director
$0 $0 $0
OLIVIA GOUGH DIRECTOR 0.80
Director
$0 $0 $0
DAVID GREENBLATT DIRECTOR 0.80
Director
$0 $0 $0
DARSHI DUPEE DIRECTOR 0.80
Director
$0 $0 $0
WILLIAM MCLAUGHLIN DIRECTOR 0.80
Director
$0 $0 $0
KEVIN O'FLAHERTY ESQ DIRECTOR 0.80
Director
$0 $0 $0
TOM PALMER DIRECTOR 0.80
Director
$0 $0 $0
MICHAEL C LEE FORMER CFO 35.00
Officer
$125,929 $5,994 $131,923
KARIN CASSEL MITTERANDO FORMER EXECUTIVE DIRECTOR 35.00
Officer
$134,555 $16,933 $151,488
FRANK CONNELL EXECUTIVE DIRECTOR 35.00
Officer
$121,744 $29,252 $150,996
GREG RITTCHEN CFO 35.00
Officer
$146,908 $10,264 $157,172
AMY MENEELY DIRECTOR OF FUND DEV. & COMM. 35.00
Highest
$107,491 $2,308 $109,799
THOMAS M NEE SENIOR DIRECTOR OF OPERATIONS 35.00
Highest
$119,935 $29,252 $149,187
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 $5,802,494 $6,455,014 $19,363,168 $-652,520
2023 $5,235,031 $6,499,545 $17,116,464 $-1,264,514
2022 $5,401,500 $6,746,293 $16,918,406 $-1,344,793
2022 $4,590,860 $5,744,725 $17,370,554 $-1,153,865
2021 $5,716,151 $6,689,794 $16,422,870 $-973,643
2020 $6,861,868 $6,652,055 $17,924,765 $209,813
2019 $5,740,667 $5,789,984 $24,210,567 $-49,317
2018 $4,278,222 $4,969,027 $25,000,617 $-690,805
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