Mill Town Community Trust Inc C/o Pathstone Family Office

Nonprofit profile at a glance

EIN
831443540
IRS 990 coverage
2018–2024
Forms available
Form 990 2024
Location
Providence, RI, USA
Phone
4013835370
Rating confidence
Limited

Reported finances

Revenue
$-361,690
Expenses
$169,910
Assets
$31,164,515
Liabilities
$39,119,327

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

Leadership & pay

4 people listed

Executive titles in this filing

  • ARTHUR DUFFY (PRESIDENT/DIRECTOR)
  • WALTER REED (VICE PRESIDENT/DIRECTOR)

People named in this filing

  • ARTHUR DUFFY (PRESIDENT/DIRECTOR)
  • TIM BURKE (TREASURER/DIRECTOR)
  • WALTER REED (VICE PRESIDENT/DIRECTOR)

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.

Overview

Mission

Mill town community trust works to promote social welfare by improving the economy and environment of pittsfield, ma and the surrounding localities in berkshire county through neighborhood building and revitalization and preserving local environmental and recreational resources.

What it reported doing in 2024

Neighborhood building - improving the quality and quantity of housing stock in low-income communities in berkshire county. Development is targeted in historically economically depressed communities suffering from limited and decaying housing stock in need of significant repair and investment. Enhanced housing options are critical to economic development, addressing urban blight, and advancing the needs of the local residents, businesses, nonprofits, and schools in the community.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
No current program activity. The filing reports no program spending for the current year.

The verdict

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

Rating breakdown

  • Financial Efficiency: 0
  • Transparency & Controls: 92
  • Accountability: 49
  • Sustainability: 44
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 0%; rating input score 0
  • Fundraising efficiency: Limited

Transparency & Controls

  • 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

Accountability

  • Independent voting board: 33.3%; rating input score 33; 19th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • 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: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -147%; rating input score 16; 16th percentile among comparable filings
  • Total-asset coverage ratio: 183.42; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 1.26; rating input score 4; 4th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -25.1% per year; rating input score 0; 14th percentile among comparable filings
  • Revenue growth: Limited
  • Asset growth: 29.7% per year; rating input score 100; 95th percentile among comparable filings

Details

  • Where the money goes: 0% of spending went to programs
  • Governance: 1 of 3 board members independent · 5 of 7 filing controls reported
  • Programs: 2 filed program accomplishments
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 17 of 17 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 6 filing years from 2018 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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.

  • High — Financial Efficiency: Program expense ratio scored 0/100.
  • Moderate — Accountability: Independent voting board scored 33/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Sustainability: Operating margin scored 16/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Liabilities to assets ratio scored 4/100.