TEN GAROFALO STREET CORPORATION

EIN: 821162875 501(c)(3) Health Care

EAST BOSTON, MA

Total Revenue
$142,992
Total Expenses
$432,799
Total Assets
$9,538,709
Net Assets
$-2,052,989
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
MA
Principal Officer
JAMES HAZARD
Phone
6175684570
Tax Period
2023-10-01 to 2024-09-30

TEN GAROFALO STREET CORPORATION, founded in 2017, is a small nonprofit in the Health Care sector that reported $143K in total revenue in fiscal year 2023. Expenses of $433K exceeded revenue, resulting in a 203% operating deficit.

Mission

THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE ACTIVITIES (WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE) BENEFITTING, PERFORMING THE FUNCTION OF, AND CARRYING OUT THE PURPOSES OF NEIGHBORHEALTH CORPORATION.

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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 $142,992
Investment Income $0
Other Revenue $0
TOTAL REVENUE $142,992

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $432,799
Other Expenses $432,799
TOTAL EXPENSES $432,799

Year-over-Year Comparison

2023 2022 Change
Revenue $142,992 $142,992 N/A
Expenses $432,799 $493,292 -0.1%
Net Income $-289,807 $-350,300 -0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
13

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
$1,129,685
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RITA SORRENTO CHAIR 1.00
Officer Director
$0 $0 $0
DORIS VIRGINIA RUBIO VICE CHAIR 1.00
Officer Director
$0 $0 $0
SANDRA CAGGIANO TREASURER 1.00
Officer Director
$0 $0 $0
LAWRENCE F KEEGAN JR ASSISTANT TREASURER 1.00
Officer Director
$0 $0 $0
JENNIFER C BLANCO CLERK 1.00
Officer Director
$0 $0 $0
JEAN STAROPOLI DIRECTOR 1.00
Director
$0 $0 $0
ALLISON ENG DIRECTOR 1.00
Director
$0 $0 $0
ERIKA WILKINSON ESQ DIRECTOR 1.00
Director
$0 $0 $0
LOUIS SCAPICCHIO DIRECTOR 1.00
Director
$0 $0 $0
NANCY M CHRISTOFF DIRECTOR 1.00
Director
$0 $0 $0
FRANK M RAMIREZ DIRECTOR 1.00
Director
$0 $0 $0
JOSEFINA SILVA DIRECTOR 1.00
Director
$0 $0 $0
MAYRA NEGRON-ROCHE DIRECTOR 1.00
Director
$0 $0 $0
GREGORY WILMOT PRESIDENT & CEO 1.00
Officer
$0 $54,612 $663,535
JAMES HAZARD CFO 1.00
Officer
$0 $59,067 $466,150
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 $142,992 $432,799 $9,538,709 $-289,807
2023 $142,992 $493,292 $9,766,776 $-350,300
2022 $142,992 $493,181 $10,055,335 $-350,189
2021 $142,992 $491,928 $10,343,893 $-348,936
2020 $142,992 $493,291 $10,441,794 $-350,299
2019 $168,029 $509,551 $10,658,856 $-341,522
2018 $27,380 $49,316 $11,171,141 $-21,936
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