Nonprofit · EIN 04-3210051
CARMEL TERRACE INC
Tax-exempt · FRAMINGHAM, MA 01701
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,829,548 | $4,441,692 | $1,387,856 | $20,166,121 | $1,061,911 | $19,104,210 |
| December 31, 2023 | 990 | $4,893,318 | $4,319,750 | $573,568 | $18,687,171 | $1,124,591 | $17,562,580 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $833
- Program service revenue
- $4,812,065
- Investment income
- $925,760
- Net rental income
- $77,668
- Net gain from sales of assets
- $578,828
- Other revenue
- $90,890
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,732,356
- Salaries, compensation and benefits (total)
- $2,058,783
- Professional fundraising fees
- $0
- Legal fees
- $412
- Accounting fees
- $18,392
- Occupancy
- $635,446
- Travel
- $129
- Depreciation
- $457,597
- Program services (functional)
- $4,075,934
- Management and general (functional)
- $365,758
Balance sheet and other
- Total assets, start of year
- $18,687,171
- Total assets, end of year
- $20,166,121
- Total liabilities, end of year
- $1,061,911
- Net assets, end of year
- $19,104,210
- Land, buildings and equipment
- $4,895,713
- Publicly traded securities
- $13,332,373
- Net assets without donor restrictions
- $19,104,150
- Net assets with donor restrictions
- $60
- Gross receipts
- $10,807,535
- Employees
- 61
- Volunteers
- 5
- Year formed
- 1993
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PATRICIA GATHERS | PRESIDENT / CEO / COO Officer | 1 | $0 | $740,589 | $27,080 |
| SR THERESA MARIE PFEFFER | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SR M JEANNE FRANCIS HALEY O CARM | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MR ROBERT J GRIFFIN | TREASURER/ CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MS LINDA J DIXON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SR PAULINE BRECANIER | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SR SEAN DAMIEN FLYNN | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MS KATHLEEN GIBNEY | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SR TERESA STEPHEN PEREIRA | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SR ANTHONY DE LOURDES VEILLEUX | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SR LOIS ANN WETZEL | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SR MAUREEN DE LOURDES MCDONOUGH | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 14 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PATRICIA GATHERS | PRESIDENT / CEO / COO Officer | 1 | $0 | $712,713 | $48,935 |
| EMILY COLLINS | ADMINISTRATOR Highest-paid employee | 40 | $105,532 | $0 | $11,228 |
| MOTHER MARY ROSE HEERY | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SR MAUREEN MURRAY | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MR ROBERT J GRIFFIN ESQ | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MS LINDA J DIXON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SR PAULINE BRECANIER | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SR SEAN DAMIEN FLYNN | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MS KATHLEEN GIBNEY | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SR TERESA STEPHEN PEREIRA | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SR ANTHONY DE LOURDES VEILLEUX | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SR LOIS ANN WETZEL | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SR M JEANNE FRANCIS HALEY O CARM | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| SR THERESA MARIE PFEFFER | MEMBER Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 933 CENTRAL ST, FRAMINGHAM, MA 01701-4813
- In care of
- % ROBERTA KOZLAREK
- Principal officer (990 for 2024)
- SR THERESE MARIE PFEFFER, 933 CENTRAL STREET, FRAMINGHAM, MA 01701
- Signed the 990
- SR THERESE MARIE PFEFFER, PRESIDENT
- Phone
- (508) 788-8000
- Website
- WWW.CARMELTERRACE.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
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.
Program accomplishments
- 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 FRAMINGHAM, MA. THE ORGANIZATION PROVIDES SERVICES IN A COMPASSIONATE AND CARING MANNER TO MEMBERS OF THE TOWN AND SURROUNDING COMMUNITIES AND OTHER LOCATIONS THAT SEEK OUR SERVICES.Expenses $4,075,934 · revenue $4,825,287
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
- 04-3210051
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22Z)
- Assets (IRS master file)
- $20,166,121
- Income (IRS master file)
- $10,807,535
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,829,548 | $4,441,692 | $20,166,121 | IRS |
| 990 | December 2023 | $4,893,318 | $4,319,750 | $18,687,171 | XML |
| 990 | December 2022 | $4,336,050 | $4,158,631 | $17,774,771 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 04-3210051).
Questions about CARMEL TERRACE INC
- What is the EIN of CARMEL TERRACE INC?
- The employer identification number (EIN) of CARMEL TERRACE INC is 04-3210051.
- Is CARMEL TERRACE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to CARMEL TERRACE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CARMEL TERRACE INC 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 CARMEL TERRACE INC 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 CARMEL TERRACE INC 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 CARMEL TERRACE INC?
- The 990 for the year ended December 31, 2024 names SR THERESE MARIE PFEFFER.
- Who are the officers and directors of CARMEL TERRACE INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 0 received compensation from the organization.
- How much revenue does CARMEL TERRACE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,829,548, expenses of $4,441,692 and total assets of $20,166,121 at year end.
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