35 CATHERINE STREET INC

EIN: 562305098 501(c)(3) Housing & Shelter

WORCESTER, MA

Total Revenue
$87,783
Total Expenses
$81,747
Total Assets
$717,053
Net Assets
$142,711
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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
2002
Legal Domicile
MA
Principal Officer
KENNETH BATES
Phone
5087550333
Tax Period
2024-07-01 to 2025-06-30

35 CATHERINE STREET INC, founded in 2002, is a micro nonprofit in the Housing & Shelter sector that reported $88K in total revenue in fiscal year 2024. Revenue fell 58% from the prior year — a significant decline worth monitoring. Expenses of $82K left a modest 7% surplus.

Mission

PROVIDE AFFORDABLE HOUSING FOR INDIVIDUALS LIVING WITH PSYCHIATRIC AND/OR DEVELOPMENTAL DISABILITIES.

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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 $87,737
Investment Income $46
Other Revenue $0
TOTAL REVENUE $87,783

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $81,747
Other Expenses $81,747
TOTAL EXPENSES $81,747

Year-over-Year Comparison

2024 2023 Change
Revenue $87,783 $208,997 -0.6%
Expenses $81,747 $75,930 +0.1%
Net Income $6,036 $133,067 -1.0%
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
20
Independent Members
20
Employees
N/A
Volunteers
20

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
7
$952,196
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID PRZESIEK BOARD MEMBER 0.20
Director
$0 $0 $0
PETER BACCHIOCCHI BOARD MEMBER 0.20
Director
$0 $0 $0
LEONARD DOERFLER PHD BOARD MEMBER 0.20
Director
$0 $0 $0
DONALD DOYLE BOARD MEMBER 0.20
Director
$0 $0 $0
SARA DECARVALHO BOARD MEMBER 0.20
Director
$0 $0 $0
MICHAEL KILCOYNE BOARD MEMBER 0.20
Director
$0 $0 $0
KOLA AKINDELE BOARD MEMBER 0.20
Director
$0 $0 $0
JAMES DIREDA LICSW PHD BOARD MEMBER 0.20
Director
$0 $0 $0
CHARISSE MURPHY BOARD MEMBER 0.20
Director
$0 $0 $0
GINA PLATA-NINO BOARD MEMBER 0.20
Director
$0 $0 $0
KEVIN HUNT BOARD MEMBER 0.20
Director
$0 $0 $0
HAMILTON SORIANO BOARD MEMBER 0.20
Director
$0 $0 $0
MARK WILLIAMS BOARD MEMBER 0.20
Director
$0 $0 $0
JILL GREEN LEBOW BOARD MEMBER 0.20
Director
$0 $0 $0
STEFANY MENDEZ BOARD MEMBER (AS OF 11/24) 0.20
Director
$0 $0 $0
KATE GALLO MEGRAW BOARD MEMBER (AS OF 11/24) 0.20
Director
$0 $0 $0
KENNETH J BATES PRESIDENT & CEO 0.20
Officer
$0 $38,057 $458,558
MARY BENVENUTO EVP & CFOO 0.30
Officer
$0 $9,731 $330,904
EMMANUEL OPPONG EVP & CPO 0.20
Officer
$0 $12,936 $162,734
MARY ELLEN LARKIN CHAIR 0.20
Officer
$0 $0 $0
JUDITH KIRK VICE CHAIR 0.20
Officer
$0 $0 $0
DONNA CONNOLLY CLERK 0.20
Officer
$0 $0 $0
PAUL SCHASEL TREASURER 0.20
Officer
$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 $87,783 $81,747 $717,053 $6,036
2024 $208,997 $75,930 $717,710 $133,067
2023 $88,841 $88,843 $590,889 $-2
2022 $79,438 $79,439 $596,946 $-1
2021 $78,192 $78,047 $602,807 $145
2020 $61,310 $61,328 $606,221 $-18
2019 $45,330 $69,964 $629,204 $-24,634
2018 $75,203 $64,720 $670,309 $10,483
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