CHELSEA BLACK COMMUNITY INC

CHELSEA, MA, 02150-5299 (617) 888-1602 Est. 2021 EIN 86-1966422

S20— Community Improvement Form 990 501(c)(3)

Mission

The mission of the CBC is to continue to provide training education and information to a community of individuals of all races cultures and creeds who through a myriad of roadblocks have not been able to take advantage of all of the economic opportunities that our society offers to those that are informed and who have been willing to work and learn in creating success and prosperity to themselves and their families.

Financials

Total Revenue

$245,592

Total Expenses

$226,315

Net Assets

$300

5 employees 15 volunteers

From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve

0.0 months Low

Net assets / monthly expenses

Year-over-Year Change

Revenue ↓ 11.3%

Expenses ↓ 1.3%

Revenue Sources

Contributions 90.4% Earned revenue 9.6%

Expense Breakdown

Program 72.6% Management 17.8% Fundraising 9.6%

Officers & Key Employees (5)

We treat individual compensation with extra care. Named amounts are on Grow plans.

Grants Received (9)

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Filing History (2 filings)

Year	Revenue	Expenses	Net Assets
2024 Form 990	$245,592 ↑	$226,315	$300
2022 Form 990	$212,000	$214,734	$10,735