JOYCE A AND JAMES R REED

EIN: 273288842 501(c)(3) Housing & Shelter

BOSTON, MA

Total Revenue
$79,085
Total Expenses
$145,232
Total Assets
$1,731,945
Net Assets
$677,140
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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
2010
Legal Domicile
MA
Principal Officer
BEVERLY ADAMS-VANLANDINGHAM
Phone
6175780597
Tax Period
2023-01-01 to 2023-12-31

JOYCE A AND JAMES R REED, founded in 2010, is a micro nonprofit in the Housing & Shelter sector that reported $79K in total revenue in fiscal year 2023. Expenses of $145K exceeded revenue, resulting in a 84% operating deficit.

Mission

PROVIDE RELIEF TO THE POOR, THE DISTRESSED OR THE UNDERPRIVILEGED THROUGH OFFERING LOW INCOME HOUSING AND EDUCATIONAL RESOURCES.

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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 $29,085
Program Service Revenue $50,000
Investment Income $0
Other Revenue $0
TOTAL REVENUE $79,085

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $102,774
Other Expenses $145,232
TOTAL EXPENSES $145,232

Year-over-Year Comparison

2023 2022 Change
Revenue $79,085 $77,055 +0.0%
Expenses $145,232 $153,802 -0.1%
Net Income $-66,147 $-76,747 -0.1%
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
6
Independent Members
6
Employees
N/A
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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BEVERLY ADAMS-VANLANDINGHAM TREASURER 5.00
Officer Director
$0 $0 $0
TOM CORNU DIRECTOR 5.00
Director
$0 $0 $0
SYVALIA HYMAN DIRECTOR 5.00
Director
$0 $0 $0
MELVIN H KING PRESIDENT 5.00
Officer Director
$0 $0 $0
PAMELA KING CLERK 5.00
Officer Director
$0 $0 $0
SUSAN GILLIAM THOMPSON DIRECTOR 5.00
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
2024 No data No data No data No data
2023 $79,085 $145,232 $1,731,945 $-66,147
2022 $77,055 $153,802 $1,802,537 $-76,747
2021 $60,504 $99,822 $1,885,284 $-39,318
2020 $60,147 $121,795 $1,934,602 $-61,648
2019 $111,161 $148,743 $1,996,250 $-37,582
2018 $217,712 $145,814 $2,032,832 $71,898
2017 $165,551 $230,347 $2,028,177 $-64,796
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