Charles River Episcopal Co-Housing Endeavor Inc
- Assets
- $1.8m
- Revenue
- $805.3k
- Investments
- $0.0
- Employees
- 2
- Location
- Boston, MA
- Founding
- 03/2019
- Data as of
- 06/2023
- 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 06/2023, 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 06/2023, Creche generated $805.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $313.3k during the year ending 06/2023. While expenses have increased by 11.8% per year over the past 4 years. They've been increasing with an increasing level of total revenue. 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
2023
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 RATES AND PROVIDE ON-GOING COMMUNITY SUPPORT IN THE FORM OF RETREATS, COACHING AND TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chelsea Smith Director | Trustee | 1 | $0 |
Isaac Everett Executive Director | Trustee | 40 | $59,164 |
Michael Zahniser Clerk | OfficerTrustee | 4 | $0 |
Megan Holding Director | Trustee | 1 | $0 |
Kyrah Rodriguez President | OfficerTrustee | 1 | $0 |
Edwin Johnson Director | Trustee | 1 | $0 |
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 | $709,564 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $709,564 |
| Total Program Service Revenue | $109,871 |
| Investment income | $11,004 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$25,186 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $805,253 |
| 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. | $77,164 |
| Compensation of current officers, directors, key employees. | $8,616 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,985 |
| Pension plan accruals and contributions | $19,515 |
| Other employee benefits | $13,526 |
| Payroll taxes | $4,062 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,826 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,900 |
| Advertising and promotion | $60 |
| Office expenses | $267 |
| Information technology | $1,674 |
| Royalties | $0 |
| Occupancy | $48,288 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,373 |
| Interest | $31,166 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,705 |
| Insurance | $4,431 |
| All other expenses | $1,946 |
| Total functional expenses | $313,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,185 |
| Savings and temporary cash investments | $275,815 |
| 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 | $494 |
| Net Land, buildings, and equipment | $1,121,180 |
| Investments—publicly traded securities | $311,218 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,835,892 |
| Accounts payable and accrued expenses | $9,401 |
| 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 | $677,466 |
| Secured mortgages and notes payable | $236,026 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,408 |
| Total liabilities | $930,301 |
| Net assets without donor restrictions | $372,648 |
| Net assets with donor restrictions | $532,943 |
| 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 | $1,835,892 |