BOSTON CARPENTERS TRAINING CENTER

EIN: 800554873 501(c)(3) Employment

BOSTON, MA

Total Revenue
$676,263
Total Expenses
$989,723
Total Assets
$7,346,049
Net Assets
$-2,267,496
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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
ZIVEN DRAKE
Phone
5087925443
Tax Period
2025-01-01 to 2025-12-31

BOSTON CARPENTERS TRAINING CENTER, founded in 2010, is a small nonprofit in the Employment sector that reported $676K in total revenue in fiscal year 2025. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $990K exceeded revenue, resulting in a 46% operating deficit.

Mission

THE CENTER WAS FORMED TO ACQUIRE, REHABILITATE, OWN, MAINTAIN AND OPERATE COMMERCIAL SPACE FOR RETAIL AND OFFICE LOCATED AT 750 DORCHESTER AVE IN BOSTON, MA IN ORDER TO DEVELOP UNDERSERVED AREAS BY CREATING QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS.

Program Service Accomplishments

Program 1
Expenses: $989,723 Revenue: $676,263

THE CENTER WAS FORMED TO ACQUIRE, REHABILITATE, OWN, MAINTAIN AND OPERATE COMMERCIAL SPACE FOR RETAIL AND OFFICE LOCATED AT 750 DORCHESTER AVENUE IN BOSTON, MASSACHUSETTS IN ORDER TO DEVELOP...

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THE CENTER WAS FORMED TO ACQUIRE, REHABILITATE, OWN, MAINTAIN AND OPERATE COMMERCIAL SPACE FOR RETAIL AND OFFICE LOCATED AT 750 DORCHESTER AVENUE IN BOSTON, MASSACHUSETTS IN ORDER TO DEVELOP UNDERSERVED AREAS BY CREATING QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $676,263
Investment Income $0
Other Revenue $0
TOTAL REVENUE $676,263

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $989,723
Other Expenses $989,723
TOTAL EXPENSES $989,723

Year-over-Year Comparison

2025 2024 Change
Revenue $676,263 $603,733 +0.1%
Expenses $989,723 $917,193 +0.1%
Net Income $-313,460 $-313,460 N/A
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
4
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
5
$266,331
Total Directors
5
$266,331
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL HOLMES CHAIRPERSON 1.00
Officer Director
$0 $0 $0
WILLIAM MAHERIS PRESIDENT 1.00
Officer Director
$0 $0 $0
ZIVEN DRAKE VICE PRESIDENT 1.00
Officer Director
$0 $61,852 $266,331
JOHN FERRANTE TREASURER 1.00
Officer Director
$0 $0 $0
DAVID MINASIAN CLERK 1.00
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 $676,263 $989,723 $7,346,049 $-313,460
2024 No data No data No data No data
2023 $510,378 $823,838 $7,972,969 $-313,460
2022 No data $290,211 $8,286,429 No data
2021 No data $313,461 $8,599,890 No data
2020 No data $313,540 $8,913,351 No data
2019 No data $339,031 $9,226,891 No data
2018 $3,316,382 $328,894 $9,565,922 $2,987,488
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