Wolcott Street Corporation
Nonprofit profile at a glance
- EIN
- 223311122
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024
- Location
- Lexington, MA, USA
- Phone
- 7815384626
- Rating
- 92
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
Reported finances
- Revenue
- $33,170
- Expenses
- $43,063
- Assets
- $155,549
- Liabilities
- $416,951
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Kevin Leahy (President/CEO)
People named in this filing
- Sheila Donahue-King (Director (end 10/2025))
- Justin Hopson (Director)
- Jermaine Kidd Esq (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-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide residential and training services, living support, and guardianship for people with developmental disabilities.
What it reported doing in 2024
During the period covered by this tax return, the Organization continued to provide residential and training services for low income and developmentally disabled individuals in a community setting.
Operating model
- Revenue model
- Earned-program. 83% of the money available for current operations came from fees and other program revenue.
- 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: 93
- Transparency & Controls: 100
- Sustainability: 38
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 82.3%; rating input score 82
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -29.8%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 3.61; rating input score 78; 78th percentile among comparable filings
- Liabilities to assets ratio: 2.68; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 5.1% per year; rating input score 100; 62nd percentile among comparable filings
- Revenue growth: 3.9% per year; rating input score 100; 67th percentile among comparable filings
- Asset growth: -3.5% per year; rating input score 0; 27th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 82.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $35K in reported program spending
- Leadership: top reported pay $0 · 10 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 3 filed schedules
- Filing history: 15 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- 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 18/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.