Centerboard Inc
- Assets
- $21.2m
- Revenue
- $15.7m
- Investments
- $0.0
- Employees
- 177
- Location
- Lynn, MA
- Founding
- 07/1989
- Data as of
- 06/2020
- EIN
- 04-3019658
Organization Overview
Centerboard Inc is located in Lynn, MA. The organization was established in 1989. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Centerboard Inc employed 177 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Centerboard 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 06/2020, Centerboard Inc generated $15.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $15.3m during the year ending 06/2020. While expenses have increased by 3.8% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
CENTERBOARD IS A COMMUNITY-BASED ORGANIZATION THAT SUPPORTS FAMILIES AND YOUNG PEOPLE THROUGH HOUSING, ACCESS TO EMPLOYMENT, EDUCATION AND FINANCIAL EMPOWERMENT. (CONTINUED ON PAGE 2)
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCATTERED SITE FAMILY EMERGENCY SHELTER THIS PROGRAM OFFERS APPROXIMATELY 270 FAMILIES EMERGENCY SHELTER IN TWO TO THREE BEDROOM APARTMENT UNITS, LOCATED THROUGHOUT THE NORTH SHORE. FAMILIES, WHO ENTER THE PROGRAM, ARE REFERRED TO THE PROGRAM BY THE MASSACHUSETTS DEPARTMENT OF TRANSITIONAL ASSISTANCE. EACH FAMILY IS ASSIGNED TO AN INDIVIDUAL FAMILY ADVOCATE WHO SUPPORTS THEM THROUGHOUT THEIR STAY. FAMILY ADVOCATES OFFER OUR FAMILIES RESOURCES, INFORMATION AND SUPPORT TO MAKE THE CHANGES NECESSARY TO ADVANCE THEIR LIVES FROM HOMELESSNESS TO INDEPENDENCE.
TEEN LIVING PROGRAM THE TEEN LIVING PROGRAM (TLP) IS A RESIDENTIAL PROGRAM DESIGNED TO PROVIDE A PERMANENT AND STABLE HOME ENVIRONMENT FOR APPROXIMATELY 35 PREGNANT OR PARENTING YOUNG MOTHERS AND THEIR CHILDREN. IN AN EMERGENCY SITUATION THE PROGRAM MAY TEMPORARILY ACCOMMODATE THREE ADDITIONAL TEEN MOTHERS AND THEIR CHILDREN UNTIL PERMANENT HOMES ARE FOUND. TEEN PARENTS MUST BE REFERRED TO CENTERBOARD BY THE MASSACHUSETTS DEPARTMENT OF CHILDREN AND FAMILIES. EVERY TEEN MOTHER MUST ATTEND SCHOOL REGULARLY AND PARTICIPATE IN SKILL DEVELOPMENT. THIS STRUCTURED CURRICULUM IS BALANCED WITH A NURTURING SUPPORT SYSTEM DESIGNED TO FOSTER PHYSICAL AND SOCIAL DEVELOPMENT FOR THE RESIDENTS AND THEIR CHILDREN.
ADOLESCENT GROUP HOME THIS GROUP HOME PROGRAM SERVES MALE AND FEMALE YOUTH AGES 12-18 REFERRED BY DCF, AND PROVIDES RESIDENTS AN OPPORTUNITY TO LIVE IN A TRAUMA-INFORMED, THERAPEUTIC, SUPPORTIVE ENVIRONMENT. ALONG WITH CLINICAL SUPPORT, THE PROGRAM ASSISTS YOUTH WITH MEETING THEIR EDUCATIONAL AND VOCATIONAL GOALS, AND PROVIDES ALL MEALS. LOCATED IN A FACILITY WITH OTHER PROGRAMS OFFERED BY CENTERBOARD, RESIDENTS HAVE ACCESS TO AN ARRAY OF VALUABLE SERVICES.
TOTAL TOTAL PROGRAM NAME: EXPENSES REVENUES PRE-INDEPENDENT LIVING PROGRAM 711,581 946,530 FAMILY RESOURCE CENTER 507,170 724,625 SCATTERED SITES STABILIZATION PROGRAM 343,702 371,046 INDEPENDENT LIVING PROGRAM 180,298 209,817 WE RISE 269,251 39,966 HOUSING OPPORTUNITY PARTNERSHIP ENDEAVOUR 8,006 - HOME WORKS PROGRAM 45,456 45,456 INTENSIVE TREATMENT RESIDENCE 21,031 - YOUTH & YOUNG ADULT SUPPORTED LIVING 197,665 232,148 _________ _________ TOTAL 2,284,160 2,569,588
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Dejoie CEO | Officer | 40 | $179,193 |
Heather Hildebrand COO | Officer | 40 | $157,495 |
Scott Brogran Clerk | OfficerTrustee | 2 | $0 |
Shawn Ford Treasurer | OfficerTrustee | 2 | $0 |
Thomas O'keefe President | OfficerTrustee | 2 | $0 |
Martha Sotiropoulos Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stoneham Staffing Group Temp Labor | 6/29/22 | $539,428 |
Catholic Charities Clinical Conslt | 6/29/22 | $105,000 |
Duffy Electric Company Construction | 6/29/22 | $439,930 |
Three-kay Consulting Llc Mgmt Consulting | 6/29/22 | $108,358 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $366,638 |
| Investment income | $963 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$6,323 |
| Net Gain/Loss on Asset Sales | $2,364 |
| Net Income from Fundraising Events | $19,812 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,673,773 |
| Statement of Expenses | |
|---|---|
| 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. | $331,372 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,477,454 |
| Pension plan accruals and contributions | $66,701 |
| Other employee benefits | $644,718 |
| Payroll taxes | $586,477 |
| Fees for services: Management | $173,743 |
| Fees for services: Legal | $14,734 |
| Fees for services: Accounting | $39,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $203,396 |
| Advertising and promotion | $24,238 |
| Office expenses | $214,398 |
| Information technology | $75,726 |
| Royalties | $0 |
| Occupancy | $5,368,516 |
| Travel | $59,636 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,813 |
| Interest | $552,558 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $474,695 |
| Insurance | $119,848 |
| All other expenses | $0 |
| Total functional expenses | $15,280,772 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $880,090 |
| Savings and temporary cash investments | $1,524,669 |
| Pledges and grants receivable | $134,066 |
| Accounts receivable, net | $1,783,339 |
| 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 | $125,556 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $302,768 |
| Total assets | $21,186,335 |
| Accounts payable and accrued expenses | $707,594 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $12,305,177 |
| Escrow or custodial account liability | $29,922 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,243,624 |
| Unsecured mortgages and notes payable | $1,367,500 |
| Other liabilities | $1,342,531 |
| Total liabilities | $17,996,348 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $3,189,987 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Centerboard Inc has recieved totaling $61,500.
| Awarding Organization | Amount |
|---|---|
Franklin Square House Belmont, MA PURPOSE: HOUSING AND SHELTER GRANTS | $61,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighborhood Assistance Corporation Of America Boston, MA | $267,784,866 | $49,655,624 |
Womens Housing And Economic Development Corporation Bronx, NY | $29,527,353 | $27,859,543 |
Joint Ownership Entity New York City Corp New York, NY | $155,995,039 | $17,434,025 |
Breaking Ground Housing Development Fund Corporation New York, NY | $193,138,085 | $25,961,669 |
Highland Park Community Development Corporation Brooklyn, NY | $3,265,910 | $15,414,103 |
Centerboard Inc Lynn, MA | $21,186,335 | $15,673,773 |
Interstate I Affordable Housing Inc New York, NY | $783,725 | $8,991,908 |
Ascendant Neighborhood Development Corporation New York, NY | $39,528,943 | $4,446,577 |
Housing Works Services Inc Brooklyn, NY | $2,273,707 | $4,786,590 |
Willow Gardens Inc New Rochelle, NY | $20,661,774 | $5,354,577 |
United Residents In Academy Homes Ii Inc Roxbury, MA | $30,056,643 | $8,930,600 |
Pratt Area Community Council Inc Broooklyn, NY | $10,567,531 | $5,512,215 |