PAWTUCKET, RI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PAWTUCKET CENTRAL FALLS DEVELOPMENT CORP, founded in 1994, is a community nonprofit that reported $5.7M in total revenue in fiscal year 2024. Revenue surged 251% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.5M, a strong 61% operating margin.
PROVIDED AFFORDABLE HOUSING.
PCDC AND PCDC HOMES (THE AGENCY) WERE FORMED TO EXPAND THE HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME FAMILIES WITHIN THE CITY OF PAWTUCKET, RHODE ISLAND. AS OF JULY 1, 2014 THEY MERGED WITH...
PCDC AND PCDC HOMES (THE AGENCY) WERE FORMED TO EXPAND THE HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME FAMILIES WITHIN THE CITY OF PAWTUCKET, RHODE ISLAND. AS OF JULY 1, 2014 THEY MERGED WITH REALTY ENDEAVORS FOR AFFORDABLE COMMUNITY HOUSING, INC. A SMILIAR ORGANIZATION OPERATING IN CENTRAL FALLS, RI. TOGETHER AS PAWTUCKET CENTRAL FALLS DEVELOPMENT CORP. THEY EFFECTUATE THIS PURPOSE BY COORDINATING THE PURCHASE AND REHABILITATION OF DETERIORATED BUILDINGS AND THE CONSTRUCTION OF NEW BUILDINGS IN ORDER TO PROVIDE AFFORDABLE HOUSING FOR SUCH FAMILIES. THE ORGANIZATION PROVIDES AFFORDABLE HOUSING THROUGH FEDERAL GRANTS UNDER THE FOLLOWING HOME INVESTMENT PARTICIPATION PROGRAMS:RENTAL REHABILITATIONS- THE ORGANIZATION ACQUIRES AND REHABILITATES MULTIFAMILY HOUSES WHICH ARE SUBSEQUENTLY MADE AVAILABLE FOR RENT TO QUALIFIED FAMILIES. THESE UNITS ARE RENTED ON A ONE YEAR LEASE BASIS AND ARE MANAGED BY BARKAN MANAGEMENT COMPANY.HOME OWNERSHIP PROGRAM - THE ORGANIZATION ACQUIRES AND REHABILITATES HOUSES AND SELLS THE PROPERTIES TO QUALIFIED FAMILIES, GENERALLY AT BELOW ITS COSTS AND ARE FULLY SUBSIDIZED BY FEDERAL GRANTS.
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 | $5,713,693 | $1,625,801 | +2.5% |
| Expenses | $2,211,942 | $2,050,572 | +0.1% |
| Net Income | $3,501,751 | $-424,771 | -9.2% |
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 |
|---|---|---|---|---|---|---|
| JOSE LOPES | TREASURER | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| GEORGE CHARETTE | PRESIDENT | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| WILMA SMITH | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ANTONIO MOREIRA | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| KEVIN KAZARIAN | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN CHOPOORIAN | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CARLOS VARGAS | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ELIZABETH MOREIRA | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ABOUBACAR CAMARA | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| OCTAVIAN GONCALVES | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MEAGHAN LEVASSEUR | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $5,713,693 | $2,211,942 | $24,062,392 | $3,501,751 |
| 2024 | $1,625,801 | $2,050,572 | $20,718,446 | $-424,771 |
| 2023 | $2,411,891 | $2,058,419 | $22,497,901 | $353,472 |
| 2022 | $1,594,557 | $1,500,348 | $22,109,259 | $94,209 |
| 2021 | $1,193,933 | $1,228,646 | $19,434,802 | $-34,713 |
| 2020 | $624,978 | $922,535 | $18,937,800 | $-297,557 |
| 2019 | $592,451 | $966,032 | $18,289,035 | $-373,581 |
| 2018 | $1,094,015 | $906,680 | $18,207,311 | $187,335 |
Compare PAWTUCKET CENTRAL FALLS DEVELOPMENT CORP with other nonprofits in Rhode Island and across the country.