PAWTUCKET CENTRAL FALLS DEVELOPMENT CORP (EIN 223241611) - Form 990 Financial Analysis & Trantor Score

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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

1994

Legal Domicile

Principal Officer

LINDA WEISINGER

Phone

4017261173

Tax Period

2024-07-01 to 2025-06-30

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.

Mission

PROVIDE AFFORDABLE 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,352,377

Program Service Revenue $450,172

Investment Income $22,498

Other Revenue $888,646

TOTAL REVENUE $5,713,693

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,009,341

Fundraising Expenses $0

Program Expenses $1,969,957

Other Expenses $1,202,601

TOTAL EXPENSES $2,211,942

Year-over-Year Comparison

	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%

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

Governance

Voting Members

Independent Members

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

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

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	$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

PAWTUCKET CENTRAL FALLS DEVELOPMENT CORP