CARPENTERS FOR HOPE CHARITABLE CORPORATION

EIN: 922763657 501(c)(3) Community Improvement

BOSTON, MA

Total Revenue
$390,948
Total Expenses
$180,484
Total Assets
$210,464
Net Assets
$210,464
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
MA
Principal Officer
JOSEPH BYRNE
Phone
6173075106
Tax Period
2023-03-07 to 2023-12-31

CARPENTERS FOR HOPE CHARITABLE CORPORATION, founded in 2023, is a small nonprofit in the Community Improvement sector that reported $391K in total revenue in fiscal year 2023. The organization ran a surplus of $210K, a strong 54% operating margin.

Mission

CARPENTERS FOR HOPE IS COMMITTED TO SUPPORTING OTHER CHARITIES, HOSPITALS AND 501(C)(3) ORGANIZATIONS THROUGH PUBLIC CHARITABLE EVENTS SUCH AS GOLF TOURNAMENTS AND OTHER CHARITABLE OUTREACH.

Program Service Accomplishments

Program 1
Expenses: $52,209 Revenue: $10,605

CARPENTERS FOR HOPE IS COMMITTED TO SUPPORTING OTHER CHARITIES, HOSPITALS AND 501(C)(3) ORGANIZATIONS THROUGH PUBLIC CHARITABLE EVENTS SUCH AS GOLF TOURNAMENTS AND OTHER CHARITABLE OUTREACH.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $390,791
Program Service Revenue $0
Investment Income $157
Other Revenue $0
TOTAL REVENUE $390,948

Expense Breakdown

Grants Paid $50,000
Salaries & Benefits $0
Fundraising Expenses $128,275
Program Expenses $52,209
Other Expenses $130,484
TOTAL EXPENSES $180,484

Year-over-Year Comparison

2023 2022 Change
Revenue $390,948 N/A N/A
Expenses $180,484 N/A N/A
Net Income $210,464 N/A N/A
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
N/A
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
$1,093,336
Total Directors
3
$1,093,336
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH BYRNE PRESIDENT 0.50
Officer Director
$0 $131,734 $421,396
STEPHEN JOYCE TREASURER 0.50
Officer Director
$0 $112,730 $328,250
JOHN DONAHUE JR CLERK 0.50
Officer Director
$0 $112,730 $343,690
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
2023 $390,948 $180,484 $210,464 $210,464
Explore More Nonprofits
→Top 100 Nonprofits in Massachusetts →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare CARPENTERS FOR HOPE CHARITABLE CORPORATION with other nonprofits in Massachusetts and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.