Wellmet Project Inc
- Assets
- $1.8m
- Revenue
- $753.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Cambridge, MA
- Founding
- 08/1962
- Data as of
- 06/2022
- EIN
- 04-2270072
Organization Overview
Wellmet Project Inc is located in Cambridge, MA. The organization was established in 1962. As of 06/2022, Wellmet Project Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wellmet Project Inc 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 06/2022, Wellmet Project Inc generated $753.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $759.1k during the year ending 06/2022. While expenses have increased by 3.6% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LOW COST HOUSING AND ASSISTANCE TO DE-INSTITUTIONALIZED PSYCHIATRIC PATIENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LOW COST HOUSING AND ASSISTANCE TO DE-INSTITUTIONALIZED PSYCHIATRIC PATIENTS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gurty Jean-Denis Executive Director | Officer | 40 | $96,976 |
Erik Williams Treasurer | Officer | 2 | $0 |
Christopher Miller Clerk | Officer | 2 | $0 |
Andrew Wood President | Officer | 2 | $0 |
Joan Pic Vice President | Officer | 2 | $0 |
Ashley Abesamra Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $56,013 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $56,013 |
| Total Program Service Revenue | $697,832 |
| Investment income | $66 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $753,911 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $97,976 |
| Compensation of current officers, directors, key employees. | $88,178 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $139,454 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,109 |
| Payroll taxes | $19,734 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,228 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,305 |
| Advertising and promotion | $0 |
| Office expenses | $4,446 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $129,014 |
| Travel | $370 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,371 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,438 |
| Insurance | $39,134 |
| All other expenses | $0 |
| Total functional expenses | $759,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $223,890 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $395 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,675 |
| Net Land, buildings, and equipment | $1,479,893 |
| Investments—publicly traded securities | $54,043 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,771 |
| Total assets | $1,790,667 |
| Accounts payable and accrued expenses | $9,532 |
| Grants payable | $0 |
| Deferred revenue | $36,875 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $477,809 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $524,216 |
| Net assets without donor restrictions | $1,266,451 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,790,667 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Wellmet Project Inc has recieved totaling $1,005.
| Awarding Organization | Amount |
|---|---|
Gerald Flaxer Charitable Foundation Cambridge, MA PURPOSE: TO SUPPORT INDIVIDUALS WITH MENTAL ILLNESS | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Abilis Inc Greenwich, CT | $15,787,242 | $27,221,520 |
Transitional Services Inc Buffalo, NY | $9,309,378 | $17,853,273 |
Refocus Inc Providence, RI | $12,657,965 | $15,791,441 |
Reliance Health Inc Norwich, CT | $5,093,297 | $14,005,308 |
Newport County Community Mental Health Center Inc Middletown, RI | $4,640,257 | $13,986,361 |
Housing Options & Geriatric Association & Resources Inc Bronx, NY | $5,301,194 | $8,395,552 |
Transitional Services Of New York For Long Island Inc Brentwood, NY | $13,138,198 | $9,133,900 |
Central Naugatuck Valley Help Incorporated Waterbury, CT | $974,128 | $4,402,652 |
Keystone House Inc Norwalk, CT | $1,760,341 | $2,848,625 |
Pathways Inc Greenwich, CT | $9,611,501 | $2,517,120 |
Bridgemark Inc Warwick, RI | $4,343,495 | $2,468,303 |
Parents Foundation For Transitional Living Inc New Haven, CT | $1,783,065 | $2,358,814 |