Public Charity

CHELSEA RESTORATION

CHELSEA RESTORATION is a Public Charity headquartered in CHELSEA, MA. Financial data from the 2024 filing: $523K revenue, $324K expenses, $1.5M total assets. 2 publicly reported grants to this organization, totaling roughly $35K, appear in IRS filings.

EIN: 042614551 CHELSEA, MA Housing Rehabilitation NTEE: L25 Latest filing: 2024
Total Revenue$523K
Total Expenses$324K
Total Assets$1.5M
Grant Records2
Funding Total$35K
Filing Years2020–2024

Mission

CHELSEA RESTORATION CORPORATION (THE ORGANIZATION) WAS FOUNDED IN 1977 AS A MASSACHUSETTS NONPROFIT ORGANIZATION. THE ORGANIZATION PROVIDES COMMUNITY REVITALIZATION SUPPORT AND SERVICES FOR HOMEBUYER EDUCATION, PRE-PURCHASE COUNSELING, AND DOWN PAYMENT ASSISTANCE.

Where $100 goes at Chelsea Restoration

How Chelsea Restoration divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$90 Programs the work itself
$7 Management running the organization
$3 Fundraising raising the next dollar

Inside the $90 for programs

$90
Programs include workshops, mortgage and housing rehabilitation assistance, property receivership and a management
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

PRESIDENT Christine Deprizio
CLERK Glenda Mascis
DIRECTOR Julio Bernal
DIRECTOR Kesia Ascecio
TREASURER Leo Robinson
DIRECTOR Luis Tejada

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$35,000 2 grants

Financial Trends

Year Revenue Expenses Assets
2024 $523K $324K $1.5M
2023 $361K $341K $2.1M
2022 $287K $366K $2.0M
2021 $362K $353K $2.2M
2020 $1.8M $1.9M $1.7M

Between 2020 and 2024, reported annual revenue declined from $1.8M to $523K (-71%), with total assets most recently reported at $1.5M.

Interactive year-over-year charts and full filing details available with membership.

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