NOBLE SCHOOLHOUSE CORPORATION

EIN: 111028072 501(c)(3)

CHELSEA, MA

Total Revenue
$283,259
Total Expenses
$318,091
Total Assets
$957,730
Net Assets
$-853,473
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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
1990
Legal Domicile
MA
Principal Officer
KIM JOYCE
Phone
6178894860
Tax Period
2024-07-01 to 2025-06-30

NOBLE SCHOOLHOUSE CORPORATION, founded in 1990, is a small nonprofit that reported $283K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $318K exceeded revenue, resulting in a 12% operating deficit.

Mission

PROVIDES LOW-INCOME RESIDENTIAL HOUSING.

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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 $282,836
Investment Income $423
Other Revenue $0
TOTAL REVENUE $283,259

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $278,573
Other Expenses $318,091
TOTAL EXPENSES $318,091

Year-over-Year Comparison

2024 2023 Change
Revenue $283,259 $247,446 +0.1%
Expenses $318,091 $268,431 +0.2%
Net Income $-34,832 $-20,985 +0.7%
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
3
Independent Members
3
Employees
N/A
Volunteers
3

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
5
$483,759
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBORAH WAYNE PRESIDENT 0.10
Officer Director
$0 $0 $0
CHARLOTTE NUNEZ TREASURER 0.10
Officer Director
$0 $0 $0
RENEE CASO CLERK 0.10
Officer Director
$0 $0 $0
JUDITH LEMOINE CEO 2.00
Officer
$0 $23,870 $282,233
KIM JOYCE CHIEF FINANCIAL OFFICER 2.00
Officer
$0 $10,141 $201,526
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 $283,259 $318,091 $957,730 $-34,832
2024 $247,446 $268,431 $924,907 $-20,985
2023 $240,177 $303,014 $963,544 $-62,837
2022 $230,519 $279,051 $949,819 $-48,532
2021 $222,236 $273,626 $970,047 $-51,390
2020 $240,382 $278,087 $995,524 $-37,705
2019 $224,333 $252,793 $1,000,133 $-28,460
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