Nonprofit · EIN 04-2614551
CHELSEA RESTORATION CORPORATION
Tax-exempt · CHELSEA, MA 02150
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $523,313 | $324,054 | $199,259 | $1,531,005 | $290,060 | $1,240,945 |
| December 31, 2023 | 990 | $361,156 | $340,823 | $20,333 | $2,105,840 | $1,064,154 | $1,041,686 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $289,163
- Program service revenue
- $90,437
- Investment income
- $143,713
- Net gain from sales of assets
- $111,551
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $186,594
- Salaries, compensation and benefits (total)
- $226,761
- Professional fundraising fees
- $0
- Occupancy
- $36,347
- Program services (functional)
- $288,934
- Management and general (functional)
- $32,404
- Fundraising (functional)
- $2,716
Balance sheet and other
- Total assets, start of year
- $2,105,840
- Total assets, end of year
- $1,531,005
- Total liabilities, end of year
- $290,060
- Net assets, end of year
- $1,240,945
- Net assets without donor restrictions
- $1,240,945
- Gross receipts
- $523,314
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1977
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARILYN GARCIA | EXECUTIVE DIRECTOR Trustee or director | 40 | $101,344 |
| KESIA ASCECIO | DIRECTOR Trustee or director | 5 | $0 |
| JULIO BERNAL | DIRECTOR Trustee or director | 5 | $0 |
| GLENDA MASCIS | CLERK Trustee or director | 5 | $0 |
| VIRGINIA TODD | DIRECTOR Trustee or director | 5 | $0 |
| CHRISTINE DEPRIZIO | PRESIDENT Trustee or director, Officer | 5 | $0 |
| LEO ROBINSON | TREASURER Trustee or director, Officer | 5 | $0 |
| LUIS TEJADA | DIRECTOR Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Marilyn Garcia | Executive Director Trustee or director | 40 | $88,570 |
| Kesia Ascecio | Director Trustee or director | 5 | $0 |
| Julio Bernal | Director Trustee or director | 5 | $0 |
| Glenda Mascis | Clerk Trustee or director | 5 | $0 |
| Virginia Todd | Director Trustee or director | 5 | $0 |
| Christine Deprizio | President Trustee or director, Officer | 5 | $0 |
| Leo Robinson | Treasurer Trustee or director, Officer | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 154 PEARL ST, CHELSEA, MA 02150-2861
- Principal officer (990 for 2024)
- MARILYN GARCIA, 154 PEARL STREET, CHELSEA, MA 02150
- Signed the 990
- MARILYN GARCIA, EXECUTIVE DIRECTOR
- Phone
- (617) 889-2277
- Website
- WWW.CHELSEARESTORATION.ORG
- Return prepared by
- LITMANGERSON ASSOCIATES LLP
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.
Program accomplishments
- PROGRAMS INCLUDE WORKSHOPS, MORTGAGE AND HOUSING REHABILITATION ASSISTANCE, PROPERTY RECEIVERSHIP AND A MANAGEMENTExpenses $288,934 · revenue $234,150
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2614551
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1981
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L25Z)
- Assets (IRS master file)
- $1,531,005
- Income (IRS master file)
- $523,314
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $523,313 | $324,054 | $1,531,005 | IRS |
| 990 | December 2023 | $361,156 | $340,823 | $2,105,840 | XML |
| 990 | December 2022 | $286,732 | $365,606 | $2,019,582 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2614551).
Questions about CHELSEA RESTORATION CORPORATION
- What is the EIN of CHELSEA RESTORATION CORPORATION?
- The employer identification number (EIN) of CHELSEA RESTORATION CORPORATION is 04-2614551.
- Is CHELSEA RESTORATION CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to CHELSEA RESTORATION CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHELSEA RESTORATION CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CHELSEA RESTORATION CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHELSEA RESTORATION CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CHELSEA RESTORATION CORPORATION?
- The 990 for the year ended December 31, 2024 names MARILYN GARCIA.
- Who are the officers and directors of CHELSEA RESTORATION CORPORATION?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $101,344 (MARILYN GARCIA, EXECUTIVE DIRECTOR).
- How much revenue does CHELSEA RESTORATION CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $523,313, expenses of $324,054 and total assets of $1,531,005 at year end.
Other nonprofits in CHELSEA
- THE NEIGHBORHOOD DEVELOPERS INC EIN 04-2660283 · last filed 990 for 2024
- ADMIRALS HILL ASSISTED LIVING CORP II EIN 04-3538833 · last filed 990-PF for 2024
- NORTH SUFFOLK GROUP HOMES INC EIN 22-3204728 · last filed 990 for 2025
- GERRISH TND INC EIN 47-4230197 · last filed 990 for 2024
- PROCTOR COMMUNITY HOUSING CORPORATION EIN 31-1699625 · last filed 990 for 2025
- BROADWAY COMMUNITY HOUSING CORPORATION EIN 22-3409403 · last filed 990-EZ for 2025
- BRADSTREET COMMUNITY HOUSING CORPORATION EIN 31-1660731 · last filed 990 for 2025
- METRO CREDIT UNION EIN 04-1695745 · last filed 990 for 2024
All nonprofits in CHELSEA · Massachusetts · Housing and shelter