Chelsea Restoration Corporation
EIN: 42614551 · Chelsea, MA · NTEE: L25Z
| Metric | Value |
|---|---|
| Total Revenue | $523K |
| Total Expenses | $341K |
| Net Assets | $1.0M |
Is Chelsea Restoration Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Chelsea Restoration Corporation
Chelsea Restoration Corporation (EIN: 42614551) is a nonprofit organization based in Chelsea, MA, classified under NTEE code L25Z. The organization reported total revenue of $523K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chelsea Restoration Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chelsea Restoration Corporation is a small nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $361K |
| Total Expenses | $341K |
| Surplus / Deficit | +$20K |
| Total Assets | $2.1M |
| Total Liabilities | $1.1M |
| Net Assets | $1.0M |
| Operating Margin | 5.6% |
| Debt-to-Asset Ratio | 50.5% |
| Months of Reserves | 74.1 months |
Financial Health Grade: A
In 2023, Chelsea Restoration Corporation reported a surplus of $20K with revenue exceeding expenses, holds 74.1 months of operating reserves (strong position), has a debt-to-asset ratio of 50.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Chelsea Restoration Corporation's revenue has declined at a compound annual growth rate (CAGR) of -1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +26.0% | -6.8% | +4.3% |
| 2022 | -20.8% | +3.6% | -10.1% |
| 2021 | -80.0% | -81.3% | +29.7% |
| 2020 | +384.5% | +253.5% | -7.5% |
| 2019 | -79.2% | +43.8% | +27.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Chelsea Restoration Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Chelsea Restoration Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $20K, with revenue exceeding expenses.
- Debt-to-asset ratio: 50.5%.
Frequently Asked Questions about Chelsea Restoration Corporation
Is Chelsea Restoration Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Chelsea Restoration Corporation (EIN: 42614551) insufficient data. 0 red flags identified, 0 strengths noted.
How does Chelsea Restoration Corporation spend its money?
Detailed spending breakdown data is not yet available for Chelsea Restoration Corporation. Check back for updated IRS 990 analysis.
Are donations to Chelsea Restoration Corporation tax-deductible?
Chelsea Restoration Corporation is registered as a tax-exempt nonprofit (EIN: 42614551). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Chelsea Restoration Corporation located?
Chelsea Restoration Corporation is headquartered in Chelsea, Massachusetts and files with the IRS under EIN 42614551. It is classified under NTEE code L25Z.
How many years of IRS 990 filings does Chelsea Restoration Corporation have?
Chelsea Restoration Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $523K in total revenue.
Filing History
IRS 990 filing history for Chelsea Restoration Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chelsea Restoration Corporation's revenue has declined by 16.9%, moving from $435K to $361K. Total assets increased by 62.4% over the same period, from $1.3M to $2.1M. Total functional expenses fell by 25.7%, from $459K to $341K. In its most recent filing year (2023), Chelsea Restoration Corporation reported a surplus of $20K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $2.1M in assets (debt-to-asset ratio: 50.5%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $361K | $341K | $2.1M | $1.1M | — | — |
| 2022 | $287K | $366K | $2.0M | $998K | — | View 990 |
| 2021 | $362K | $353K | $2.2M | $1.1M | — | View 990 |
| 2020 | $1.8M | $1.9M | $1.7M | $640K | — | — |
| 2019 | $374K | $534K | $1.9M | $670K | — | View 990 |
| 2018 | $1.8M | $371K | $1.5M | $106K | — | View 990 |
| 2017 | $285K | $491K | $1.6M | $1.7M | — | — |
| 2016 | $314K | $477K | $1.5M | $909K | — | View 990 |
| 2015 | $260K | $422K | $1.7M | $927K | — | View 990 |
| 2014 | $601K | $446K | $1.9M | $943K | — | View 990 |
| 2013 | $754K | $464K | $2.1M | $1.3M | — | View 990 |
| 2012 | $431K | $414K | $1.5M | $940K | — | View 990 |
| 2011 | $435K | $459K | $1.3M | $795K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $361K, expenses of $341K, and assets of $2.1M (revenue +26.0% year-over-year).
- 2022: Revenue of $287K, expenses of $366K, and assets of $2.0M (revenue -20.8% year-over-year).
- 2021: Revenue of $362K, expenses of $353K, and assets of $2.2M (revenue -80.0% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.9M, and assets of $1.7M (revenue +384.5% year-over-year).
- 2019: Revenue of $374K, expenses of $534K, and assets of $1.9M (revenue -79.2% year-over-year).
- 2018: Revenue of $1.8M, expenses of $371K, and assets of $1.5M (revenue +531.3% year-over-year).
- 2017: Revenue of $285K, expenses of $491K, and assets of $1.6M (revenue -9.3% year-over-year).
- 2016: Revenue of $314K, expenses of $477K, and assets of $1.5M (revenue +20.8% year-over-year).
- 2015: Revenue of $260K, expenses of $422K, and assets of $1.7M (revenue -56.7% year-over-year).
- 2014: Revenue of $601K, expenses of $446K, and assets of $1.9M (revenue -20.3% year-over-year).
- 2013: Revenue of $754K, expenses of $464K, and assets of $2.1M (revenue +74.8% year-over-year).
- 2012: Revenue of $431K, expenses of $414K, and assets of $1.5M (revenue -0.8% year-over-year).
- 2011: Revenue of $435K, expenses of $459K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chelsea Restoration Corporation:
Data Sources and Methodology
This transparency report for Chelsea Restoration Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.