SOUTH BOSTON, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PARACLETE INC C/O PETER GELZINIS PRESIDENT, founded in 1996, is a micro nonprofit in the Education sector that reported $13K in total revenue in fiscal year 2023. Expenses of $70K exceeded revenue, resulting in a 428% operating deficit.
TO ENRICH THE LIVES OF YOUNG PEOPLE AND THEIR COMMUNITIES THROUGH EDUCATION
THE ORGANIZATION SUSPENDED DAY TO DAY OPERATIONS AT THE END OF 2020 DUE TO STAFFING AND FUNDRAISING CHALLENGES BROUGHT ON BY THE COVID 19 PANDEMIC. THE ORGANIZATION DID NOT HAVE EMPLOYEES DURING THE...
THE ORGANIZATION SUSPENDED DAY TO DAY OPERATIONS AT THE END OF 2020 DUE TO STAFFING AND FUNDRAISING CHALLENGES BROUGHT ON BY THE COVID 19 PANDEMIC. THE ORGANIZATION DID NOT HAVE EMPLOYEES DURING THE YEARS 2021 TO 2023. THE BOARD HAS CONTINUED TO MEET ON A REGULAR BASIS AND ENGAGED A NON-PROFIT CONSULTANT IN 2021 TO DEVELOP A STRATEGIC PLAN FOR THE ORGANIZATION, WHICH RESULTED IN A VOTE TO SELL THE REAL ESTATE ASSETS OF THE ORGANIZATION AND USE THE SALE PROCEEDS TO FUND SCHOLARSHIPS FOR YOUTH IN THE CITY OF BOSTON. A PURCHASE OPTION AGREEMENT WAS SIGNED ON APRIL 29, 2022 WITH ANOTHER NON-PROFIT ORGANIZATION AND IS SUBJECT TO VARIOUS CONTINGENCIES FOR THE BUYER'S PERMITTING AND FINANCING. THE SALE DID NOT CLOSE BY THE END OF DECEMBER 31, 2023, BUT THE ORGANIZATION REMAINS UNDER CONTRACT. THE SALE OF THE REAL ESTATE ASSETS DID OCCUR IN THE SECOND QUARTER OF 2024. INCLUDED HERE ARE EXPENSES GENERALLY RELATED TO THE ONGOING COSTS FOR THE BUILDING.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $13,275 | $13,720 | 0.0% |
| Expenses | $70,099 | $89,388 | -0.2% |
| Net Income | $-56,824 | $-75,668 | -0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| NAVIL CHARLES | CLERK | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| NAGIB CHARLES | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ANNA DAIDONE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| BARRY HYNES | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| PETER GELZINIS | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHRISTINE MCCONVILLE | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| ARTHUR MURPHY | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| CATHY O'FLAHERTY | BOARD MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $13,275 | $70,099 | $1,790,568 | $-56,824 |
| 2022 | $13,720 | $89,388 | $1,858,683 | $-75,668 |
| 2021 | $84,562 | $127,485 | $1,928,616 | $-42,923 |
| 2020 | $174,555 | $328,819 | $1,997,798 | $-154,264 |
| 2019 | $259,082 | $360,937 | $2,121,146 | $-101,855 |
| 2018 | $237,162 | $267,124 | $2,219,540 | $-29,962 |
Compare PARACLETE INC C/O PETER GELZINIS PRESIDENT with other nonprofits in Massachusetts and across the country.