Hopedale Charitable Corporation

EIN: 046041089

Hopedale, MA

Total Revenue
$1,812,234
Total Expenses
$1,514,636
Total Assets
$32,202,242
Net Assets
$31,865,733
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
MA
Principal Officer
Peter S Ellis
Phone
5084732871
Tax Period
2025-01-01 to 2025-12-31

Hopedale Charitable Corporation, founded in 1952, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2025. Revenue fell 21% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $298K, a strong 16% operating margin.

Mission

(a) To operate exclusively for religious,charitable, scientific, literary or educational purposes;(b) specifically to establish one or more funds for the purpose of furnishing to any religious, charitable, scientific, literary or educational organization located in Hopedale or Milford MA which are themselves exempt from Federal income taxes, common investment of funds; (c) and in connection with these purposes, to aquire, buy, receive and hold in trust or otherwise for the benefit of such organizations, funds and real and personal property; (d) to manage and invest the same, collect the income therefrom and turn over the entire amount therefore, less expenses, to such organizations; (e) to sell or otherwise dispose of the same and to reinvest all or part of the proceeds therefrom for the same purposes; (f) and to carry on any activities in connection with these purposes and permitted under Chapter 180 of the General Laws of the Commonwealth of Massachusetts.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $1,812,234
Other Revenue $0
TOTAL REVENUE $1,812,234

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $194,937
TOTAL EXPENSES $1,514,636

Year-over-Year Comparison

2025 2024 Change
Revenue $1,812,234 $2,305,694 -0.2%
Expenses $1,514,636 $1,501,950 +0.0%
Net Income $297,598 $803,744 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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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
7
Independent Members
7
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
7
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Peter S Ellis President 1.00
Officer Director
$0 $0 $0
W Gregory Burrill Senior Vice President 1.00
Officer Director
$0 $0 $0
Alfred H SparlingJR Vice President 1.00
Officer Director
$0 $0 $0
Vincent J Arone JR Vice President/Treasurer 1.00
Officer Director
$0 $0 $0
Steven G Ellis Vice President/Clerk 1.00
Officer Director
$0 $0 $0
Edward J Burt Vice President 1.00
Officer Director
$0 $0 $0
Christine H Burke Vice President 1.00
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
2025 $1,812,234 $1,514,636 $32,202,242 $297,598
2024 $2,305,694 $1,501,950 $30,640,301 $803,744
2023 $789,923 $1,513,631 $29,032,972 $-723,708
2022 $3,191,219 $1,525,075 $27,687,811 $1,666,144
2021 $3,283,410 $2,486,169 $33,470,135 $797,241
2020 $1,047,979 $1,401,172 $31,230,327 $-353,193
2019 $1,459,381 $1,386,016 $29,036,639 $73,365
2018 $2,867,441 $1,351,785 $24,704,617 $1,515,656
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