Prospect Hill Community Foundation Inc

Nonprofit profile at a glance

EIN
371775440
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024
Location
Waltham, MA, USA
Phone
5704906027
Rating
89
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Service Organizations

Reported finances

Revenue
$33,881
Expenses
$40,900
Assets
$33,701
Liabilities
$0

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

Leadership & pay

13 people listed

Executive titles in this filing

  • Rachel Palumbo (President)
  • Alli Criscenzo (Vice President)

People named in this filing

  • Rachel Palumbo (President)
  • Alli Criscenzo (Vice President)
  • Tony Thein (Treasurer)

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

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

Overview

Mission

The organization's primary exempt purpose as stated in the corporation's article of incorporation under Article II, the purpose of the corporation is to engage in the following activities: to promote healthy and production interaction among members of Prospect Hill Terrace and surrounding communities, to provide useful strategies, tools, resources, and means for the residents of Prospect Hill Terrace and the Greater Waltham Community to success in life, to act as a liaison between the residents and local government and authorities, to provide a central location for the residents to gather and meet to organize activities on and off site, to guide the residents in moving forward in society and being good citizens in the Waltham community, and to do all things necessary, proper, incidental, and pertinent to said purpose and other related purposes.

What it reported doing in 2024

Teen Center Program - the organization manages and coordinates a teen program dedicated to helping young adults conquer academic deficiencies, embrace opportunities, set goals and standards, and succeed through life's hardships; 5+ benefitted

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
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. Expenses are high relative to revenue and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 100
  • Transparency & Controls: 82
  • Sustainability: 37
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: -20.7%; rating input score 23; 23rd percentile among comparable filings
  • Total-asset coverage ratio: 0.82; rating input score 41; 41st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 18.7% per year; rating input score 100; 81st percentile among comparable filings
  • Revenue growth: 11.4% per year; rating input score 100; 83rd percentile among comparable filings
  • Asset growth: -1.6% per year; rating input score 0; 33rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $41K in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • 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 — Sustainability: Operating margin scored 23/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 41/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.