BOSTON'S COMMUNITY MEDICAL GROUP INC

EIN: 260100022 501(c)(3) Health Care

BOSTON, MA

Total Revenue
$10,942,749
Total Expenses
$10,729,742
Total Assets
$63,966,300
Net Assets
$-7,601,642
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
MA
Principal Officer
CHRISTOPHER D PALMIERI
Phone
6176387062
Tax Period
2023-01-01 to 2023-12-31

BOSTON'S COMMUNITY MEDICAL GROUP INC, founded in 2004, is a mid-sized nonprofit in the Health Care sector that reported $10.9M in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring.

Mission

BOSTON'S COMMUNITY MEDICAL GROUP, INC. (BCMG) IS A MEDICAL PRACTICE THAT BRINGS MEDICAL CARE TO INDIVIDUALS WITH COMPLEX AND SEVERE PHYSICAL DISABILITIES AND/OR SERIOUS MENTAL ILLNESS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $10,888,167
Investment Income $-141
Other Revenue $54,723
TOTAL REVENUE $10,942,749

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,850,390
Fundraising Expenses $0
Program Expenses $10,729,742
Other Expenses $1,879,352
TOTAL EXPENSES $10,729,742

Year-over-Year Comparison

2023 2022 Change
Revenue $10,942,749 $28,517,232 -0.6%
Expenses $10,729,742 $28,039,745 -0.6%
Net Income $213,007 $477,487 -0.6%
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
7
Independent Members
5
Employees
N/A
Volunteers
6

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
$4,235,013
Total Directors
8
$3,248,401
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER D PALMIERI PRESIDENT & CEO, DIRECTOR 10.00
Officer Director
$0 $754,490 $2,736,390
HANY ABDELAAL DIRECTOR (AS OF JUNE 2023) 1.00
Director
$0 $134,540 $512,011
JULIE FINE DIRECTOR 1.00
Director
$0 $0 $0
DANIEL HENDERSON DIRECTOR 1.00
Director
$0 $0 $0
BILJANA SIMIKIC DIRECTOR 1.00
Director
$0 $0 $0
KATHLEEN STILLO DIRECTOR (UNTIL JULY 2023) 1.00
Director
$0 $0 $0
ALYSA VEIDIS DIRECTOR 1.00
Director
$0 $0 $0
SUSAN WOOD DIRECTOR (AS OF NOVEMBER 2023) 1.00
Director
$0 $0 $0
ELIZABETH GOODMAN SEC CLERK CHIEF LEGAL OFFICER 10.00
Officer
$0 $181,194 $811,475
FRANK SCALISE TREASURER & CFO (AS OF JULY 2023) 10.00
Officer
$0 $90,342 $357,442
MARY HAMILTON INTERIM TREASURER & CFO (UNTIL JULY 2023) 10.00
Officer
$0 $8,225 $329,706
LISA FLEMING FORMER SEC CLERK, CHIEF LEGAL OFFICER 0.00
$0 $47,275 $494,983
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
2024 No data No data No data No data
2023 $10,942,749 $10,729,742 $63,966,300 $213,007
2022 $28,517,232 $28,039,745 $52,817,258 $477,487
2021 $27,244,634 $25,982,765 $39,511,164 $1,261,869
2020 $28,684,028 $27,341,923 $27,242,280 $1,342,105
2019 $10,782,266 $13,390,347 $10,074,786 $-2,608,081
2018 $11,355,303 $12,899,461 $690,954 $-1,544,158
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