WELCOMENST INC

EIN: 851674143 501(c)(3) Human Services

MARLBOROUGH, MA

Total Revenue
$1,095,285
Total Expenses
$1,069,540
Total Assets
$259,415
Net Assets
$244,456
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
MA
Principal Officer
ELIZABETH DAVIS-EDWARDS
Phone
6179479563
Tax Period
2024-01-01 to 2024-12-31

WELCOMENST INC, founded in 2020, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

OUR MISSION IS TO UNLEASH THE POWER OF COMMUNITY TO OFFER REFUGE TO REFUGEES AND IMMIGRANTS BY FORMING NEIGHBORHOOD SUPPORT TEAMS (NSTS) THAT ORGANIZE THEIR NEIGHBORS, FIND HOUSING, RAISE MONEY AND WELCOME ONE FAMILY INTO THEIR NEIGHBORHOOD - WALKING ALONGSIDE THEM ON THEIR ROAD TO SELF- SUFFICIENCY.

Program Service Accomplishments

Program 1
Expenses: $928,704 Revenue: $325,183

DURING 2024, WELCOMENST ENGAGED COMMUNITIES FROM ACROSS THE COUNTRY TO FORM NEIGHBORHOOD SUPPORT TEAMS (NSTS) - EACH WELCOMING ONE REFUGEE OR IMMIGRANT FAMILY FROM AROUND THE WORLD INTO THEIR...

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DURING 2024, WELCOMENST ENGAGED COMMUNITIES FROM ACROSS THE COUNTRY TO FORM NEIGHBORHOOD SUPPORT TEAMS (NSTS) - EACH WELCOMING ONE REFUGEE OR IMMIGRANT FAMILY FROM AROUND THE WORLD INTO THEIR COMMUNITY. ONCE WELCOMED, MENTORS FROM WELCOMENST TRAINED AND SUPPORTED THESE NSTS AND THEY HELPED THOSE FAMILIES RESTART THEIR LIVES; INCLUDING REGISTERING KIDS FOR SCHOOL, HELPING THEM SIGN UP FOR ESL CLASSES, BENEFITS AND ASSISTING IN FINDING JOBS, HEALTHCARE AND TRANSPORTATION.

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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 $1,095,285
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,095,285

Expense Breakdown

Grants Paid $0
Salaries & Benefits $214,439
Fundraising Expenses $55,049
Program Expenses $928,704
Other Expenses $855,101
TOTAL EXPENSES $1,069,540

Year-over-Year Comparison

2024 2023 Change
Revenue $1,095,285 $948,996 +0.2%
Expenses $1,069,540 $746,340 +0.4%
Net Income $25,745 $202,656 -0.9%
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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Governance

Voting Members
6
Independent Members
6
Employees
2
Volunteers
1601

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
1
$124,999
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH DAVIS-EDWARDS CEO 55.00
Officer
$124,999 $0 $124,999
GRANT BENNETT TREASURER 1.00
Director
$0 $0 $0
STEPHANIE CALHOUN BOARD MEMBER 1.00
Director
$0 $0 $0
JONATHAN ROSOFF BOARD MEMBER 1.00
Director
$0 $0 $0
ALAN SADAT BOARD MEMBER 1.00
Director
$0 $0 $0
LARRY TOBIN BOARD MEMBER 1.00
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 $1,095,285 $1,069,540 $259,415 $25,745
2023 $948,996 $746,340 $218,711 $202,656
2022 $309,069 $331,035 $29,473 $-21,966
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