Charles River Episcopal Co-Housing Endeavor Inc
- Assets
- $1.1m
- Revenue
- $306.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Boston, MA
- Founding
- 03/2019
- Data as of
- 06/2022
- EIN
- 83-1080615
Organization Overview
Charles River Episcopal Co-Housing Endeavor Inc, operating under the name Creche, is located in Boston, MA. The organization was established in 2019. According to its NTEE Classification (L01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Creche employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Creche 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, Creche generated $306.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (12.0%) each year. All expenses for the organization totaled $266.4k during the year ending 06/2022. 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 CREATE AND SUPPORT FAITH-ROOTED, MIXED-INCOME, INTER-GENERATIONAL CO-HOUSING COMMUNITIES IN PARTNERSHIP WITH THE EPISCOPAL CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRECHE MAINTAINS THREE CO-HOUSING COMMUNITIES IN THE GREATER BOSTON AREA, TOTALING 16 BEDROOMS. THE COMMUNITIES PROVIDE LONG-TERM HOUSING AT BELOW MARKET RATE AND PROVIDE ON-GOING COMMUNITY SUPPORT IN THE FORM OF RETREATS, COACHING AND TRAINING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chelsea Smith Treasurer | OfficerTrustee | 4 | $0 |
Michael Zahniser Clerk | OfficerTrustee | 4 | $0 |
Michael Scanlon Vice President | OfficerTrustee | 4 | $0 |
Angel Figueroa President/director | OfficerTrustee | 4 | $0 |
Megan Holding Director | Trustee | 1 | $0 |
Kyrah Rodriguez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,112 |
| All other contributions, gifts, grants, and similar amounts not included above | $159,814 |
| Noncash contributions included in lines 1a–1f | $4,533 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $179,926 |
| Total Program Service Revenue | $107,338 |
| Investment income | $21 |
| Tax Exempt Bond Proceeds | $16,495 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,437 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $306,667 |
| 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. | $57,000 |
| Compensation of current officers, directors, key employees. | $8,550 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $24,760 |
| Pension plan accruals and contributions | $14,108 |
| Other employee benefits | $31,500 |
| Payroll taxes | $1,903 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,358 |
| Advertising and promotion | $1,695 |
| Office expenses | $359 |
| Information technology | $344 |
| Royalties | $0 |
| Occupancy | $53,529 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $27,604 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,537 |
| Insurance | $2,851 |
| All other expenses | $4,323 |
| Total functional expenses | $266,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,872 |
| Savings and temporary cash investments | $972 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,645 |
| 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 | $462 |
| Net Land, buildings, and equipment | $634,138 |
| Investments—publicly traded securities | $418,720 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,125 |
| Other assets | $2,000 |
| Total assets | $1,102,934 |
| Accounts payable and accrued expenses | $3,766 |
| 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 | $725,298 |
| Secured mortgages and notes payable | $15,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,045 |
| Total liabilities | $749,109 |
| Net assets without donor restrictions | $353,825 |
| 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 | $1,102,934 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Charles River Episcopal Co-Housing Endeavor Inc has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Hidden Spring Foundation Tr Agreement Boston, MA PURPOSE: FOR GENERAL USE BY THE CHARITY | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central Massachusetts Housing Alliance Inc Worcester, MA | $6,603,285 | $21,612,482 |
Bishop Sheen Ecumenical Housing Foundation Inc Rochester, NY | $14,472,701 | $5,581,680 |
Long Island Housing Partnership Inc Hauppauge, NY | $11,769,661 | $6,179,842 |
New England Automated Clearing House Association Burlington, MA | $4,284,125 | $3,571,181 |
Watch Inc Waltham, MA | $959,789 | $1,104,680 |
Cny Fair Housing Inc Syracuse, NY | $339,528 | $1,036,616 |
Houses New York Inc New York, NY | $211,117 | $727,783 |
Fair Housing Development Fund Corp Glen Cove, NY | $1,303,259 | $721,335 |
Cnyc Inc New York, NY | $213,962 | $488,836 |
Refugee Welcome Corporation Albany, NY | $284,794 | $321,466 |
Charles River Episcopal Co-Housing Endeavor Inc Boston, MA | $1,102,934 | $306,667 |
Coalition For Livable Neighborhoods Inc New York, NY | $8,974 | $0 |