L โ€” Housing & ShelterEIN: 043210051ยท Ruling Year: 1996

Carmel Terrace Inc

Framingham, Massachusetts

B+Health Score
70B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

๐Ÿ’ฐ
$4.9M
Total Revenue
๐Ÿ“Š
$4.3M
Total Expenses
๐Ÿฆ
$17.6M
Net Assets
๐Ÿ“‹
$1.1M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+12.9%
Year-over-year change (2022 โ†’ 2023)
Net Margin
+11.7%
Revenue minus expenses as % of revenue
Working Capital Ratio
4.07
Net assets divided by total expenses
Liabilities-to-Assets
6.0%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$4,893,318โ†‘13%$4,319,750โ†‘4%$18,687,171โ†‘5%
2022$4,336,050โ†“21%$4,158,631โ†‘1%$17,774,771โ†“13%
2021$5,505,438โ†‘6%$4,130,043โ†“3%$20,326,260โ†‘3%
2020$5,181,562โ†“1%$4,272,187โ†“1%$19,797,218โ†‘7%
2019$5,213,814โ†“1%$4,305,205โ†‘1%$18,456,553โ†‘8%
2018$5,291,596โ†‘17%$4,269,202โ†‘3%$17,144,916
2017$4,541,769โ†“3%$4,139,902โ†‘4%$17,168,534โ†‘5%
2016$4,680,368โ†“6%$3,980,990โ†“5%$16,360,747โ†‘4%
2015$4,976,528โ†‘11%$4,177,807โ†“4%$15,758,508
2014$4,485,435โ†‘5%$4,355,068โ†‘7%$15,708,587โ†‘2%
2013$4,284,639โ†‘9%$4,057,522โ†‘4%$15,428,431โ†‘2%
2012$3,936,358$3,917,642โ†‘1%$15,062,351โ†‘1%
2011$3,934,615$3,890,709$14,971,581

Frequently Asked Questions

What does Carmel Terrace Inc do?โ–ผ

Carmel Terrace Inc is a housing & shelter nonprofit organization based in Massachusetts. It is classified under NTEE code L22Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Carmel Terrace Inc financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Carmel Terrace Inc has a score of 70/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Carmel Terrace Inc generate?โ–ผ

Carmel Terrace Inc reports $5.8M in annual revenue and holds $20.2M in total assets, based on IRS filings.

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Carmel Terrace Inc โ€” Framingham, MA | GiveScope