Charlestown Economic Development Corporation

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

4 people listed

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

To provide housing to the elderly in a 30 unit complex in charlestown, ma.

To provide hud subsidized housing to the elderly of charlestown, ma.

Revenue model: Grant-funded. 76% of the money available for current operations came from government grants.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
Pay-setting controls: Limited
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Yes; rating input score 100
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Pass

Operating margin: 21.6%; rating input score 78; 78th percentile among comparable filings
Total-asset coverage ratio: 5.04; rating input score 85; 85th percentile among comparable filings
Liabilities to assets ratio: 0.81; rating input score 8; 8th percentile among comparable filings
Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Program expense growth: Limited
Revenue growth: 4.6% per year; rating input score 100; 41st percentile among comparable filings
Asset growth: 6.2% per year; rating input score 100; 44th percentile among comparable filings

Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 4 of 4 board members independent · 3 of 7 filing controls reported
Programs: 1 filed program accomplishment
Leadership: top reported pay $0 · 4 people listed
Highest-paid contractors: 1 contractor listed · $243K reported
Consistency: 13 of 13 current checks pass
Schedules: 3 filed schedules · includes major donors
Filing history: 14 filing years from 2010 to 2024
Contacts: How to reach this organization
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.

Signals prioritize questions for review. They are not findings of misconduct.