Charles River Association for Retarded Citizens Inc
Nonprofit profile at a glance
- EIN
- 042393108
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Needham, MA, USA
- Phone
- 7819721000
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Standard
Reported finances
- Revenue
- $46,123,080
- Expenses
- $41,371,422
- Assets
- $60,094,179
- Liabilities
- $10,797,517
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
25 people listed
Executive titles in this filing
- ANNE-MARIE BAJWA (PRESIDENT AND CEO)
Highest reported compensation
- ANNE-MARIE BAJWA (PRESIDENT AND CEO): $354,104 total reported compensation
- ANNA BRODZIAK (CFO (UNTIL 8/24)): $163,169 total reported compensation
- KEVIN SALERA (COO): $154,972 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To enhance the lives of children and adults with developmental disabilities and their families. Our programs aim to help individuals reach their highest possible level of independence, enabling them to lead fulfilling and productive lives and participate more fully in their communities.
What it reported doing in 2024
Day services - the day services consist of employment services and therapeutic day services. Our employment services encourage individuals to explore career interests and develop job skills. Assisted by job coaches, many participants are placed individually or as a member of a crew in jobs within a variety of community businesses. Job training and employment are at the forefront but individuals also volunteer in the community, exercise at the ymca, participate in our horticultural program, take computer and cooking classes and take part in other meaningful activities. Our therapeutic day services are available to adults with complex needs; these programs offer physical, occupational, speech and music therapies, with full-time nursing supervision. Participants focus on maximizing daily living skills, volunteerism and engaging activities such as cooking, computer use, music, arts and crafts and fitness.
Operating model
- Revenue model
- Grant-funded. 84% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 85
- Accountability: 100
- Sustainability: 62
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.4%; rating input score 80
- Program expense ratio: 89.2%; rating input score 89
- Fundraising efficiency: $112.05 raised per $1 spent on fundraising; rating input score 86; 86th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 10.3%; rating input score 68; 68th percentile among comparable filings
- Total-asset coverage ratio: 1.45; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: 0.18; rating input score 61; 61st percentile among comparable filings
- Officer compensation ratio: 3.1%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: 6.3% per year; rating input score 100; 52nd percentile among comparable filings
- Revenue growth: 6.7% per year; rating input score 100; 57th percentile among comparable filings
- Asset growth: 7.1% per year; rating input score 100; 49th percentile among comparable filings
Details
- Where the money goes: 80.4% of revenue deployed · 89.2% of spending went to programs
- Governance: 15 of 15 board members independent · 9 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $36.9M in reported program spending
- Leadership: top reported pay $354K · 25 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $1.1M reported
- Consistency: 37 of 37 current checks pass
- Schedules: 8 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 8 filed money-flow records
- Related organizations: 6 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.