Public Charity

CARMEL TERRACE INC

CARMEL TERRACE INC, of FRAMINGHAM, MA, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $5.8M in revenue, $4.4M in expenses, $20.2M in total assets.

EIN: 043210051 FRAMINGHAM, MA Senior Citizens Housing & Retirement Communities NTEE: L22 Latest filing: 2024
Total Revenue$5.8M
Total Expenses$4.4M
Total Assets$20.2M
Grant Records0
Filing Years2019–2024

Mission

THE MISSION OF THE ORGANIZATION IS TO PROVIDE CARE AND SERVICES TO THE COMMUNITY IN CONFORMANCE WITH THE THEOLOGY, PHILOSOPHY, TEACHINGS AND DOCTRINES OF THE ROMAN CATHOLIC CHURCH, RESPECTING AND BUILDING ON THE MISSION, PHILOSOPHY AND VALUES OF THE CARMELITE SISTERS FOR THE AGED AND INFIRM.

Where $100 goes at Carmel Terrace Inc

How Carmel Terrace Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$84 Programs the work itself
$16 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $84 for programs

$84
The organization provided approximately 20,000 days of care to the elderly and infirm, including the related supporting services within the 69 units of one- and two-bedroom apartments in…
All program spending · Reported in the filing: 69 units of one-
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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

TREASURER/ CHAIR Mr Robert J Griffin
MEMBER Ms Kathleen Gibney
SECRETARY Ms Linda J Dixon
PRESIDENT / CEO / COO Patricia Gathers
MEMBER Sr Anthony De Lourdes Veilleux
MEMBER Sr Lois Ann Wetzel

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $5.8M $4.4M $20.2M
2023 $4.9M $4.3M $18.7M
2022 $4.3M $4.2M $17.8M
2020 $5.2M $4.3M $19.8M
2019 $5.2M $4.3M $18.5M

Between 2019 and 2024, reported annual revenue grew from $5.2M to $5.8M (+12%), with total assets most recently reported at $20.2M.

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

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