Charlesbank Homes
- Assets
- $20.1m
- Revenue
- $2.4m
- Investments
- $19.8m
- Employees
- 0
- Location
- Framingham, MA
- Founding
- 04/1938
- Data as of
- 04/2022
- EIN
- 04-2103755
Organization Overview
Charlesbank Homes is located in Framingham, MA. The organization was established in 1938. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlesbank Homes is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2022, Charlesbank Homes generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $1.2m during the year ending 04/2022. While expenses have increased by 2.3% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Charlesbank Homes has awarded 43 individual grants totaling $2,283,499. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas W Cornu Trustee | 2 | $0 | |
Susan K Keller Trustee | 2 | $0 | |
Philip J Notopoulos Trustee | 2 | $0 | |
Richard H Sayre Trustee | 2 | $0 | |
Charles J Maneikis Jr Trustee | 2 | $0 | |
Jeanne Pinado Trustee & President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $21,720 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,191,903 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,193,295 |
| Capital Gain Net Income | $1,193,295 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,406,918 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $44,457 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,430 |
| Total operating and administrative expenses | $105,620 |
| Contributions, gifts, grants paid | $1,141,585 |
| Total expenses and disbursements | $1,247,205 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $331,436 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,125 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,138,948 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Charlesbank Homes has awarded $1,141,585 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
HABITAT FOR HUMANITY- NORTH CENTRAL MA PURPOSE: CONSTRUCTION | $100,000 |
HABITAT FOR HUMANITY - CAPE COD PURPOSE: CONSTRUCTION | $100,000 |
Hyde Park, MA PURPOSE: RENOVATION | $100,000 |
CAMBRIDGE HOUSING CDC PURPOSE: RENOVATION | $75,000 |
Boston, MA PURPOSE: RENOVATION | $75,000 |
NORTHERN BERKSHIRE HABITAT FOR HUMANITY PURPOSE: CONSTRUCTION | $60,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Center For New York City New York, NY | $125,177,702 | $23,546,233 |
The Prospect-Woodward Home Keene, NH | $98,470,957 | $10,325,465 |
The Housing Partnership Network Inc Boston, MA | $38,640,476 | $16,875,187 |
Building Homes For Heroes Inc Island Park, NY | $15,491,113 | $13,729,241 |
Taconic Innovations Inc Wappingers Falls, NY | $14,026,966 | $12,196,980 |
The Crenulated Company Ltd New York, NY | $9,182,171 | $10,442,755 |
Living Independently Forever Inc Hyannis, MA | $12,273,693 | $10,857,981 |
Civic Builders Inc New York, NY | $87,716,137 | $21,789,241 |
Buffalo Federation Of Neighborhood Centers Inc Buffalo, NY | $8,954,316 | $11,146,328 |
Grand Street Guild East Housing Development Fund Company Inc Garden City, NY | $32,476,672 | $9,886,793 |
Grand Street Guild Hdfc Inc Garden City, NY | $33,829,247 | $10,532,897 |
Aishes Chayil Dkiryas Joel Mothers Relief Center Inc Monroe, NY | $15,335,659 | $8,593,002 |