Wolcott Street Corporation is located in Lexington, MA. The organization was established in 1997. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Wolcott Street Corporation 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, Wolcott Street Corporation generated $33.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $47.3k during the year ending 06/2022. While expenses have increased by 4.5% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PROVIDE RESIDENTIAL AND TRAINING SERVICES FOR FOUR LOW INCOME AND MENTALLY HANDICAPPED INDIVIDUALS IN A COMMUNITY SETTING.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sheila Donahue-King Member | 1 | $0 | |
Jermaine Kidd ESQ Member | 1 | $0 | |
Michael Morris Member | 1 | $0 | |
Justin Hopson Member | 1 | $0 | |
John Madden Member | 1 | $0 | |
Helen Cushman Chairperson | 2 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,168 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $33,170 |
| 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 | $8,719 |
| Occupancy, rent, utilities, and maintenance | $38,303 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $228 |
| Total expenses | $47,250 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,350 |
| Other assets | $0 |
| Total assets | $163,539 |
| Total liabilities | $373,977 |
| Net assets or fund balances | -$210,438 |