Career Resources Corp
- Assets
- $5.2m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 252
- Location
- Haverhill, MA
- Founding
- 02/1976
- Data as of
- 12/2018
- EIN
- 04-2531865
Organization Overview
Career Resources Corp is located in Haverhill, MA. The organization was established in 1976. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 06/2018, Career Resources Corp employed 252 individuals. Career Resources Corp 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 12/2018, Career Resources Corp generated $4.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (15.0%) each year. All expenses for the organization totaled $4.6m during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (13.4%) per year over the past 4 years. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
EMPLOYMENT TRAINING & HOUSING TO EMPOWER PEOPLE WITH DISABILITIES AND OTHER BARRIERS TO BE AS SELF-SUFFICIENT, SELF-DETERMINING, AND SUCCESSFUL AS POSSIBLE. INDIVIDUALS ARE SUPPORTED IN THEIR OWN JOBS AND HOMES AND INTEGRATED INTO COMMUNITY LIFE, RECOGNIZING THAT THEY ARE UNIQUE,
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPLOYMENT TRAINING FOR THE DEVELOPMENTALLY DISABLED ADULTS.
HOUSING AND SUPPORT SERVICES FOR THE DEVELOPMENTALLY DISABLED ADULTS.
DAY HABILITATION SERVICES FOR DEVELOPMENTALLY DISABLED ADULTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Howell CEO | Officer | 40 | $160,957 |
James Sullivan CFO | Officer | 40 | $105,571 |
Janet Odenwelder Vice-President | OfficerTrustee | 1 | $0 |
Walter Meyer President-Elect | OfficerTrustee | 1 | $0 |
Chuck Walker Treasurer | OfficerTrustee | 1 | $0 |
Emily Bryant Immediate Past-President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $49,098 |
| Investment income | $0 |
| 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 | $4,441,161 |
| Statement of Expenses | |
|---|---|
| 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. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,510,807 |
| Pension plan accruals and contributions | $12,574 |
| Other employee benefits | $151,716 |
| Payroll taxes | $203,910 |
| Fees for services: Management | $151,146 |
| Fees for services: Legal | $53,846 |
| Fees for services: Accounting | $18,394 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $30,072 |
| Advertising and promotion | $0 |
| Office expenses | $16,163 |
| Information technology | $28,401 |
| Royalties | $0 |
| Occupancy | $339,764 |
| Travel | $0 |
| 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 | $104,737 |
| Insurance | $39,457 |
| All other expenses | $116,003 |
| Total functional expenses | $4,583,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,381,140 |
| Savings and temporary cash investments | $536,836 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $779,218 |
| 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 | $75,701 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,174 |
| Total assets | $5,214,556 |
| Accounts payable and accrued expenses | $393,931 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,636,828 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,030,759 |
| Net assets without donor restrictions | $3,183,797 |
| 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 |
| Total liabilities and net assets/fund balances | $3,183,797 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Career Resources Corp has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Human Technologies Corporation Utica, NY | $23,670,798 | $21,526,273 |
J M Murray Center Inc Cortland, NY | $15,884,955 | $15,927,210 |
People Inc Williamsville, NY | $7,369,962 | $11,056,256 |
Oswego Industries Inc Fulton, NY | $4,770,694 | $6,301,381 |
Ari Of Connecticut Inc Stamford, CT | $4,205,582 | $6,510,135 |
Spectrum Designs Foundation Ltd Port Washington, NY | $6,618,337 | $6,742,089 |
Career Resources Corp Haverhill, MA | $5,214,556 | $4,441,161 |
Workshop Inc Menands, NY | $3,888,249 | $4,869,507 |
Grow Associates Inc Randolph, MA | $11,859,296 | $4,151,942 |
Association For Vision Rehabilitation And Employment Inc Binghamton, NY | $14,211,019 | $4,402,456 |
Triform Enterprises Limited Hudson, NY | $12,472,291 | $3,458,658 |
Community Workshops Inc Boston, MA | $2,078,284 | $3,757,355 |