SILVER LAKE ANNEX MULTI-PURPOSE COMMUNITY CENTER

EIN: 050374509 501(c)(3) Human Services

Providence, RI

Total Revenue
$430,399
Total Expenses
$479,631
Total Assets
$408,178
Net Assets
$405,790
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
RI
Principal Officer
Stephen Piscopiello
Phone
4019448300
Tax Period
2024-07-01 to 2025-06-30

SILVER LAKE ANNEX MULTI-PURPOSE COMMUNITY CENTER, founded in 1977, is a small nonprofit in the Human Services sector that reported $430K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $480K exceeded revenue, resulting in a 11% operating deficit.

Mission

Our mission is to work towards the elimination of economic and social barriers for the Silver Lake Community of Providence Rhode Island by providing community services of Early Childhood Education, Before and After School daycare, Distribution of Food, Infant needs, Clothing, etc. We also provide senior and deaf programs.

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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 $166,405
Program Service Revenue $257,053
Investment Income $6,141
Other Revenue $800
TOTAL REVENUE $430,399

Expense Breakdown

Grants Paid $0
Salaries & Benefits $302,490
Fundraising Expenses $0
Program Expenses $327,390
Other Expenses $177,141
TOTAL EXPENSES $479,631

Year-over-Year Comparison

2024 2023 Change
Revenue $430,399 $491,278 -0.1%
Expenses $479,631 $490,073 0.0%
Net Income $-49,232 $1,205 -41.9%
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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Governance

Voting Members
10
Independent Members
10
Employees
12
Volunteers
12

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
4
$0
Total Directors
5
$24,547
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michelle Cantini Board Member 20
Director
$21,555 $0 $21,555
Bianca Ianitti Board Member 5
Director
$2,992 $0 $2,992
John Carnevale Board Member 1
Director
$0 $0 $0
Angelica Igliozzi Board Member 1
Director
$0 $0 $0
Jean D'Arezzio B0oard Member 1
Director
$0 $0 $0
Pabel Fernandez Treasurer 3
Officer
$0 $0 $0
Steven Piscpiello President 5
Officer
$0 $0 $0
Carl Carliccia Vice-President 1
Officer
$0 $0 $0
Marissa Mancini Secretary 5
Officer
$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 $430,399 $479,631 $408,178 $-49,232
2024 $491,278 $490,073 $541,067 $1,205
2023 $474,172 $480,378 $493,444 $-6,206
2022 $474,972 $471,536 $478,660 $3,436
2021 $466,340 $405,505 $320,372 $60,835
2020 $384,658 $352,795 $256,924 $31,863
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