Caribbean Foundation Of Boston Inc
- Assets
- $3.0m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 105
- Location
- Dorchester, MA
- Founding
- 10/1978
- Data as of
- 06/2022
- EIN
- 04-2566212
Organization Overview
Caribbean Foundation Of Boston Inc is located in Dorchester, MA. The organization was established in 1978. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2022, Caribbean Foundation Of Boston Inc employed 105 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Caribbean Foundation Of Boston 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, Caribbean Foundation Of Boston Inc generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 5 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION PROVIDES HOMEMAKING, HOME HEALTH AIDE, CHORE AND PERSONAL SERVICES TO THE ELDERLY AND DISABLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMEMAKING AND HOME HEALTH AIDES- PROVIDES PERSONAL CARE AND HOUSEKEEPING SERVICE TO THE ELDERLY AND DISABLED. PROVIDED OVER 90,000 HOURS OF SERVICES TO ELDERY CLIENTS WITHIN THE BOSTON AREA. THE AGENCY WAS ABLE TO PROVIDE FAMILIAR AND RELIABLE ASSISTANCE IN A FRAIL POPULATION THAT IS CONSTANTLY DEALING WITH MULTIPLE LOSSES OF FUNCTIONAL ABILITY, INDEPENDENCE AND FRIENDS.
TRAINING - THIS PROGRAM WAS SET IN PLACE IN RESPONSE TO AN INCREASING NEED FOR PEER HOMEMAKERS WHO SPEAK SPANISH AND HAITIAN CREOLE. THIS PROGRAM IS ADDITIONAL TRAINING FOR HOMEMAKERS WHOSE PRIMARY LANGUAGE IS NOT ENGLISH AND LACK THE CONVENTIONAL EDUCATION NECESSARY FOR THE STANDARD CLASSROOM TRAINING. PLANS INCLUDE ADDITIONAL TRAINING PROGRAMS AND BROAD COLLABORATION WITH THE COMMUNITY-BASED ORGANIZATIONS IN BOSTONS URBAN NEIGHBORHOODS.
FRIENDLY VISITORS- A PROGRAM CREATED TO ADDRESS THE SUPPORT AND SOCIAL NEEDS OF VULNERABLE, LOW-INCOME ELDERS AND DISABLED CITIZENS WHO ARE NOT ELIGIBLE FOR ADEQUATE HOMECARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beulah Providence Executive Di | OfficerTrustee | 40 | $81,840 |
Divina Masso COO | OfficerTrustee | 40 | $75,464 |
Auldrick Anselm CFO | Officer | 40 | $73,566 |
Freda Berry Board Member | Trustee | 1 | $0 |
Gwen Brown Board Member | Trustee | 1 | $0 |
Harry Harding Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,255 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $35,848 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $48,103 |
| Total Program Service Revenue | $2,091,084 |
| Investment income | $46 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,079 |
| 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 | $2,180,452 |
| 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. | $230,870 |
| Compensation of current officers, directors, key employees. | $230,870 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,342,884 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $165,725 |
| Payroll taxes | $135,859 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $92,854 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,765 |
| Advertising and promotion | $0 |
| Office expenses | $40,798 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $97,232 |
| Travel | $27,359 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,499 |
| Interest | $15 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $48,117 |
| All other expenses | $0 |
| Total functional expenses | $2,236,977 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,067,389 |
| Savings and temporary cash investments | $479,743 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $443,069 |
| 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 | $23,752 |
| Net Land, buildings, and equipment | $485,543 |
| Investments—publicly traded securities | $487,431 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,986,927 |
| Accounts payable and accrued expenses | $171,976 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $710,400 |
| Other liabilities | $0 |
| Total liabilities | $882,376 |
| Net assets without donor restrictions | $2,099,551 |
| Net assets with donor restrictions | $5,000 |
| 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 | $2,986,927 |