CLCS REALTY CORPORATION

EIN: 371784905 501(c)(3) Philanthropy & Grantmaking

BOSTON, MA

Total Revenue
$928,647
Total Expenses
$819,243
Total Assets
$23,548,697
Net Assets
$1,854,539
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
MA
Principal Officer
JOHN CHISTOLINI
Phone
6172548904
Tax Period
2024-07-01 to 2025-06-30

CLCS REALTY CORPORATION, founded in 2015, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $929K in total revenue in fiscal year 2024. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $819K left a modest 12% surplus.

Mission

THE CORPORATION IS FORMED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF CONSERVATORY LAB FOUNDATION, INC. THE COROPRATION SHALL: 1) PROVIDE SERVICES TO, MANAGE FUNDS AND OTHER ASSETS FOR, AND OTHERWISE SUPPORT THE FUNCTIONS OF AND/OR TO CARRY OUT THE PURPOSES OF CONSERVATORY LAB FOUNDATION, INC.; 2) OWN ACQUIRE, LEASE, AND/OR MAINTAIN REAL ESTATE AT WHICH CONSERVATORY LAB FOUNDATION, INC. IS LOCATED AND/OR WHERE THE FOUNDATION OPERATES A FACILITY; 3) ENGAGE IN ACTIVITES AND PERFORM FUNCTIONS THAT CONSERVATORY LAB FOUNDATION, INC. WOULD OTHERWISE HAVE TO PERFORM; AND 4) OTHERWISE BENEFIT, THROUGH THE PROVISION OF FINANCIAL SUPPORT AND SERVICES, CONSERVATORY LAB FOUNDATION, INC.

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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 $928,608
Investment Income $39
Other Revenue $0
TOTAL REVENUE $928,647

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $748,494
Other Expenses $819,243
TOTAL EXPENSES $819,243

Year-over-Year Comparison

2024 2023 Change
Revenue $928,647 $1,317,004 -0.3%
Expenses $819,243 $817,437 +0.0%
Net Income $109,404 $499,567 -0.8%
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
5
Independent Members
5
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
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN CHISTOLINI PRESIDENT 0.50
Officer Director
$0 $0 $0
JOHN PAOLELLA TREASURER 0.10
Officer Director
$0 $0 $0
KEVIN MCCALL DIRECTOR 0.10
Director
$0 $0 $0
MICHAEL WARD DIRECTOR 0.10
Director
$0 $0 $0
DEBORAH L SMITH CLERK 0.50
Officer 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 $928,647 $819,243 $23,548,697 $109,404
2024 $1,317,004 $817,437 $24,176,692 $499,567
2023 $1,322,922 $817,560 $24,805,358 $505,362
2022 $1,249,280 $808,778 $25,445,487 $440,502
2021 $193,559 $73,645 $25,753,933 $119,914
2020 $274,737 $181,301 $23,836,608 $93,436
2019 $127,047 $40,693 $11,937,094 $86,354
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