Charlesbank Homes
- Assets
- $20.5m
- Revenue
- $785.1k
- Investments
- $19.9m
- Employees
- 0
- Location
- Walpole, MA
- Founding
- 04/1938
- Data as of
- 04/2024
- EIN
- 04-2103755
Organization Overview
Charlesbank Homes is located in Walpole, MA. The organization was established in 1938. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charlesbank Homes 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 04/2024, Charlesbank Homes generated $785.1k 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 (18.8%) each year. All expenses for the organization totaled $1.1m during the year ending 04/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Charlesbank Homes has awarded 75 individual grants totaling $4,276,037. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas W Cornu Trustee | 2 | $0 | |
Philip J Notopoulos Vice President | 2 | $0 | |
Richard H Sayre Trustee | 2 | $0 | |
Jeanne Pinado Trustee & President | 2 | $0 | |
Kathryn Roy Trustee,vice Pres,secret&treasurer | 2 | $0 | |
Wesley K Blair Trustee & Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $155,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $311,977 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $318,073 |
| Capital Gain Net Income | $318,073 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $785,050 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $33 |
| Printing and publications | $0 |
| Other expenses | $3,871 |
| Total operating and administrative expenses | $61,552 |
| Contributions, gifts, grants paid | $1,040,240 |
| Total expenses and disbursements | $1,101,792 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $578,672 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,238 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $20,525,140 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Charlesbank Homes has awarded $1,040,240 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
ALLSTON BRIGHTON CDC PURPOSE: RENOVATION | $50,000 |
HILLTOWN CDC PURPOSE: REPAIRS & RENOVATIONS | $50,000 |
HABITAT FOR HUMANITY METRO WESTWORCESTER PURPOSE: NEW CONSTRUCTION | $75,000 |
HARBORLIGHT COMMUNITY PARTNERS PURPOSE: NEW CONSTRUCTION | $50,000 |
SOJOURNER HOUSE PURPOSE: REPAIRS & RENOVATIONS | $75,000 |
HEADING HOME PURPOSE: RENOVATIONS | $59,175 |