Triangle Inc
- Assets
- $7.6m
- Revenue
- $11.6m
- Investments
- $0.0
- Employees
- 190
- Location
- Malden, MA
- Founding
- 07/1994
- Data as of
- 06/2022
- EIN
- 04-2486905
Organization Overview
Triangle Inc is located in Malden, MA. The organization was established in 1994. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2022, Triangle Inc employed 190 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Triangle 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, Triangle Inc generated $11.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $11.7m 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 EMPOWER PEOPLE WITH DISABILITIES AND THEIR FAMILIES TO ENJOY RICH, FULFILLING LIVES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESIDENTIAL - PROVIDE COMMUNITY BASED RESIDENCES FOR MENTALLY DISABLED INDIVIDUALS.
COMMUNITY WORK SERVICES - PROVIDE EMPLOYMENT TO DISABLED INDIVIDUALS THROUGH A SHELTERED WORKSHOP SETTING.
EMPLOYMENT SUPPORT - PROVIDE VOCATIONAL EVALUATION, VOCATIONAL EXPERIENCE, AND JOB PLACEMENT FOR PEOPLE WITH DISABILITIES.
BUSINESS ENTERPRISES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Coleman Nee Chief Executive Officer | Officer | 37 | $223,373 |
Michael Mastascusa Chief Financial Officer | Officer | 37 | $162,462 |
Drew Warren Chief Program Officer | Officer | 37 | $140,167 |
Felicia Battley Direct Care Coordinator | 40 | $130,125 | |
Melissa Strout Director Of Integrity | 40 | $100,827 | |
Michael Moran President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $135,147 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $342,915 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $478,062 |
| Total Program Service Revenue | $11,040,481 |
| Investment income | $3,575 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$38,491 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,643,804 |
| 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. | $697,813 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,857,783 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $511,674 |
| Payroll taxes | $553,380 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $132,602 |
| Fees for services: Accounting | $127,382 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $454,949 |
| Advertising and promotion | $0 |
| Office expenses | $329,914 |
| Information technology | $286,119 |
| Royalties | $0 |
| Occupancy | $1,847,236 |
| Travel | $258,401 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $217,851 |
| Insurance | $316,136 |
| All other expenses | $9,582 |
| Total functional expenses | $11,669,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,610,592 |
| Savings and temporary cash investments | $1,933,860 |
| Pledges and grants receivable | $65,000 |
| Accounts receivable, net | $908,557 |
| 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 | $83,134 |
| Net Land, buildings, and equipment | $2,471,185 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $497,365 |
| Total assets | $7,569,693 |
| Accounts payable and accrued expenses | $632,548 |
| Grants payable | $0 |
| Deferred revenue | $99,872 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $336,161 |
| Total liabilities | $1,068,581 |
| Net assets without donor restrictions | $6,037,382 |
| Net assets with donor restrictions | $463,730 |
| 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 | $7,569,693 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Triangle Inc has recieved totaling $75,074.
| Awarding Organization | Amount |
|---|---|
Christopher Reeve Foundation A New Jersey Nonprofit Corporation Short Hills, NJ PURPOSE: ADAPTIVE SPORTS | $25,000 |
Priscilla Alden Uwo Dallas, TX PURPOSE: GRANT | $20,000 |
The Lenny Zakim Fund Inc Boston, MA PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
Peoples United Community Foundation Of Eastern Massachusetts Inc Wilmington, DE PURPOSE: EPIC SERVICE WARRIORS | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,004 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $70 |
Endowment Analysis
| Beg. Balance | $185,000 |
| Earnings | $33,030 |
| Ending Balance | $218,030 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Work Incorporated Dorchester, MA | $48,287,405 | $46,198,835 |
Nysarc Inc Plattsburgh, NY | $17,616,173 | $35,732,920 |
The Workplace Inc Bridgeport, CT | $5,776,825 | $31,198,484 |
Viability Inc Springfield, MA | $38,067,974 | $37,236,421 |
Corporate Source Inc Garden City, NY | $23,910,461 | $27,653,054 |
Wildcat Service Corp New York, NY | $10,320,090 | $26,956,331 |
Community Work & Independence Inc Glens Falls, NY | $10,451,280 | $22,331,025 |
Marc Inc Of Manchester Manchester, CT | $8,800,021 | $14,465,697 |
Triangle Inc Malden, MA | $7,569,693 | $11,643,804 |
Sarah Inc Westbrook, CT | $8,388,396 | $12,212,686 |
Marrakech Incorporated Woodbridge, CT | $17,188,402 | $8,533,229 |
Project Genesis Incorporated Willimantic, CT | $9,969,984 | $6,952,463 |