East Providence, RI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Plumbers & Pipefitters Local No 51 Realty Corporation, founded in 1989, is a small nonprofit that reported $289K in total revenue in fiscal year 2024. Expenses of $434K exceeded revenue, resulting in a 50% operating deficit.
The Local 51 Realty Corporation holds title to commercial property located at 11 Hemingway Drive, East Providence, Rhode Island on behalf of the Plumbers and Pipefitters Local No.51 Pension Plan.
Local 51 Realty Corporation holds title to commercial property located at 11 Hemingway Drive, East Providence, Rhode Island on behalf of the Plumbers and Pipefitters Local 51 Pension Plan. Realty...
Local 51 Realty Corporation holds title to commercial property located at 11 Hemingway Drive, East Providence, Rhode Island on behalf of the Plumbers and Pipefitters Local 51 Pension Plan. Realty Corporation also collects rent and assumes operating costs attributable to leasing of 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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $288,943 | $282,237 | +0.0% |
| Expenses | $433,596 | $449,745 | 0.0% |
| Net Income | $-144,653 | $-167,508 | -0.1% |
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 |
|---|---|---|---|---|---|---|
| Paul Alvarez | Co-chairman | 1.00 |
Director
|
$0 | $104,072 | $257,623 |
| John McMullen | Trustee | 1.00 |
Director
|
$0 | $99,580 | $235,164 |
| William DeMello | Trustee | 1.00 |
Director
|
$0 | $99,580 | $235,164 |
| Robert Bolton | Co-chairman | 1.00 |
Director
|
$0 | $0 | $0 |
| Alfred Archetto Jr | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| David Rampone | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Michael Machado | Trustee | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $288,943 | $433,596 | $3,640,547 | $-144,653 |
| 2023 | $283,019 | $392,497 | $3,943,367 | $-109,478 |
| 2022 | $284,381 | $443,094 | $4,052,845 | $-158,713 |
| 2021 | $286,741 | $312,040 | $4,213,046 | $-25,299 |
| 2020 | $286,001 | $325,245 | $4,240,280 | $-39,244 |
| 2019 | $286,736 | $401,213 | $4,276,480 | $-114,477 |
Compare Plumbers & Pipefitters Local No 51 Realty Corporation with other nonprofits in Rhode Island and across the country.