Chestnut Hill Foundation Inc
- Assets
- $8.0m
- Revenue
- $456.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Chestnut Hill, MA
- Founding
- 04/1993
- Data as of
- 12/2021
- EIN
- 04-3141919
Organization Overview
Chestnut Hill Foundation Inc is located in Chestnut Hill, MA. The organization was established in 1993. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chestnut Hill Foundation 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 12/2021, Chestnut Hill Foundation Inc generated $456.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.7%) each year. All expenses for the organization totaled $743.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHESTNUT HILL FOUNDATION, INC. PROVIDES FACILITIES FOR RELIGIOUS AND EDUCATIONAL PROGRAMS FOR PROFESSIONAL, COLLEGE, AND HIGH SCHOOL MEN, AND PROVIDES HOUSING FOR THE MEN WHO OVERSEE THE PROGRAM
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL AND RELIGIOUS PROGRAMS FOR HIGH SCHOOL STUDENTS, UNIVERSITY STUDENTS, PROFESSIONAL MEN AND OTHERS. IN SUPPORT OF ITS EXEMPT PURPOSES THE CORPORATION HOUSES UP TO TWELVE STAFF IN ITS CENTER WHO ATTEND THE PROGRAMS OF THE CENTER. INCLUDED IN THIS NUMBER ARE PRIESTS OF THE ROMAN CATHOLIC PRELATURE OF THE HOLY CROSS AND OPUS DEI WHO PROVIDE PASTORAL SUPPORT FOR THE STAFF AND THOSE WHO ATTEND ACTIVITIES AT THE CENTER, CONDUCT RELIGIOUS SERVICES IN THE CHAPEL OF THE CENTER AND LEAD CLASSES IN CHRISTIAN DOCTRINE AND MORAL TEACHINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Jp Smith Clerk & Director | OfficerTrustee | 4 | $0 |
Andrew P O'meara III Director | OfficerTrustee | 15 | $0 |
Joseph G Billmeier President, Treasurer & Dir | OfficerTrustee | 60 | $0 |
Gregory C Tocci Director | Trustee | 1 | $0 |
David Reilly Director | Trustee | 1 | $0 |
John E Joyce Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Vanderweil P&idc Construction | 12/30/14 | $309,774 |
Cedar Wood Home Arts Inc Cooking, Cleaning, Laundry | 12/30/14 | $190,902 |
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 | $238,696 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $238,696 |
| Total Program Service Revenue | $217,754 |
| 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 | $456,450 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $167,450 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $13,306 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $940 |
| Fees for services: Accounting | $29,439 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,933 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $183,605 |
| Travel | $16,356 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,395 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $271,233 |
| Insurance | $12,044 |
| All other expenses | $0 |
| Total functional expenses | $743,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $142,284 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $7,838,421 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,980,705 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $13,332 |
| Total liabilities | $13,332 |
| Net assets without donor restrictions | $7,967,373 |
| 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 | $7,980,705 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Chestnut Hill Foundation Inc has recieved totaling $140,000.
| Awarding Organization | Amount |
|---|---|
Woodlawn Foundation New Rochelle, NY PURPOSE: operations | $140,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Word Of Life Fellowship Inc Schroon Lake, NY | $120,358,230 | $77,023,933 |
Mercy Life Inc West Springfield, MA | $6,533,362 | $24,380,335 |
Chayim Vchesed Inc Brooklyn, NY | $4,624,709 | $20,578,750 |
Family Life Ministries Inc Bath, NY | $17,860,923 | $9,093,458 |
Brothers Of Mercy Of Montabaur Apartment Complex Inc Clarence, NY | $17,902,885 | $4,243,633 |
Resist Inc Jamaica Plain, MA | $7,004,475 | $7,102,680 |
Community Life Center Inc New York, NY | $644,812 | $3,859,837 |
Quincy Point Congregational Church Homes Inc Quincy, MA | $91,051,242 | $3,401,852 |
Tools Of The Mind Shirley, MA | $4,682,421 | $5,282,072 |
Overcoming Love Ministries Inc Woodhaven, NY | $3,350,912 | $2,614,539 |
Servants Of The Word Inc Glens Falls, NY | $3,237,962 | $3,756,976 |
Camp Hasc Inc Brooklyn, NY | $5,763,474 | $3,581,711 |