CENTER REDEVELOPMENT CORPORATION

EIN: 042939950 501(c)(3) Community Improvement

SOUTH HADLEY, MA

Total Revenue
$1,702,163
Total Expenses
$1,736,311
Total Assets
$3,469,540
Net Assets
$2,894,354
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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
1986
Legal Domicile
MA
Principal Officer
JEFFREY LABRECQUE
Phone
4135323600
Tax Period
2024-07-01 to 2025-06-30

CENTER REDEVELOPMENT CORPORATION, founded in 1986, is a community nonprofit in the Community Improvement sector that reported $1.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROMOTE THE EDUCATIONAL PURPOSES OF THE TRUSTEES OF MOUNT HOLYOKE COLLEGE, A NON-PROFIT INSTITUTION FOR HIGHER EDUCATION, BY PROVIDING FUNDS AND SERVICES AS WELL AS BY ACQUIRING AND HOLDING REAL AND PERSONAL PROPERTY FOR THE BENEFIT OF THE TRUSTEES OF MOUNT HOLYOKE COLLEGE AND SUCH ORGANIZATIONS AFFILIATED THEREWITH.

Program Service Accomplishments

Program 1
Expenses: $1,356,253 Revenue: $1,702,124

PROVIDE FUNDS AND SERVICES AS WELL AS ACQUIRE AND HOLD REAL AND PERSONAL PROPERTY FOR THE BENEFIT OF THE TRUSTEES OF MOUNT HOLYOKE COLLEGE (EIN: 04-2103578), A 501(C)(3) EXEMPT ORGANIZATION.

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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 $0
Program Service Revenue $1,702,124
Investment Income $39
Other Revenue $0
TOTAL REVENUE $1,702,163

Expense Breakdown

Grants Paid $0
Salaries & Benefits $490,288
Fundraising Expenses $0
Program Expenses $1,356,253
Other Expenses $1,246,023
TOTAL EXPENSES $1,736,311

Year-over-Year Comparison

2024 2023 Change
Revenue $1,702,163 $1,567,815 +0.1%
Expenses $1,736,311 $1,607,644 +0.1%
Net Income $-34,148 $-39,829 -0.1%
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
9
Independent Members
8
Employees
5
Volunteers
8

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
6
$250,816
Total Directors
10
$250,816
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY LABRECQUE COO THRU 3/2025 THEN CEO 40.00
Officer Director
$154,018 $22,138 $176,156
JAMES F CAREY CEO / DIRECTOR (END 3/2025) 10.00
Officer Director
$73,401 $1,259 $74,660
DEBORAH BUCKLEY DIRECTOR 0.25
Director
$0 $0 $0
WAYNE D GASS DIRECTOR 0.25
Director
$0 $0 $0
STEPHEN N KREVALIN CLERK/DIRECTOR 0.25
Officer Director
$0 $0 $0
PETER H BARRY CHAIR 0.25
Officer Director
$0 $0 $0
JACKIE CHARRON DIRECTOR;VICE CHAIR 0.25
Officer Director
$0 $0 $0
MARY JO MAYDEW TREASURER/DIRECTOR 0.25
Officer Director
$0 $0 $0
LOUISE WASSO DIRECTOR 0.25
Director
$0 $0 $0
KIMBERLY PROUGH DIRECTOR 0.25
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 $1,702,163 $1,736,311 $3,469,540 $-34,148
2024 $1,567,815 $1,607,644 $3,196,739 $-39,829
2023 $1,511,770 $1,555,000 $3,218,026 $-43,230
2022 $1,457,408 $1,437,878 $3,166,816 $19,530
2021 $1,592,616 $1,394,182 $3,135,697 $198,434
2020 $1,532,619 $1,412,296 $3,063,297 $120,323
2019 $1,466,112 $1,384,542 $2,894,277 $81,570
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