Chelsea Corp For Economic Progress
- Assets
- $229.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chelsea, MA
- Founding
- 08/1985
- Data as of
- 12/2022
- EIN
- 22-2507101
Organization Overview
Chelsea Corp For Economic Progress is located in Chelsea, MA. The organization was established in 1985. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chelsea Corp For Economic Progress is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Chelsea Corp For Economic Progress generated $2.2k 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 (14.1%) each year. All expenses for the organization totaled $685.0 during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
CHARITABLE OFFERING OF LOW INTEREST LOANS TO HOMEOWNERS AND THE LOCAL BUSINESS COMMUNITY.
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 |
|---|---|---|---|
Joseph Vinard President | 0 | $0 | |
Bruce B Mauch Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,861 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $339 |
| Total Revenue | $2,200 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $650 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $35 |
| Total expenses | $685 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $165,521 |
| Other assets | $0 |
| Total assets | $229,075 |
| Total liabilities | $0 |
| Net assets or fund balances | $229,075 |