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Nonprofit · EIN 04-3309563

PARACLETE CENTER INC

Tax-exempt · SOUTH BOSTON, MA 02127

Financials

$13K$70K2023$1.8M$12K2024
Revenue Expenses · by fiscal year end
Financials of PARACLETE CENTER INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,758,237$12,119$1,746,118$3,506,119$4,250$3,501,869
December 31, 2023990$13,275$70,099-$56,824$1,790,568$27,249$1,763,319
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$525
Program service revenue
$0
Investment income
$1,749,717
Net gain from sales of assets
$1,693,391
Other revenue
$7,995

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$850
Accounting fees
$6,912
Occupancy
$3,337
Program services (functional)
$3,337
Management and general (functional)
$8,782

Balance sheet and other

Total assets, start of year
$1,790,568
Total assets, end of year
$3,506,119
Total liabilities, end of year
$4,250
Net assets, end of year
$3,501,869
Publicly traded securities
$3,472,895
Net assets without donor restrictions
$3,501,869
Gross receipts
$3,564,846
Employees
0
Volunteers
0
Year formed
1996
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.

NameTitleHours / weekCompensation
NAVIL CHARLESCLERK
Trustee or director, Officer
2$0
NAGIB CHARLESTREASURER
Trustee or director, Officer
2$0
ANNA DAIDONEBOARD MEMBER
Trustee or director
2$0
BARRY HYNESBOARD MEMBER
Trustee or director
2$0
PETER GELZINISPRESIDENT
Trustee or director, Officer
2$0
CHRISTINE MCCONVILLEBOARD MEMBER
Trustee or director
2$0
ARTHUR MURPHYBOARD MEMBER
Trustee or director
2$0
CATHY O'FLAHERTYBOARD MEMBER
Trustee or director
2$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
NAVIL CHARLESCLERK
Trustee or director, Officer
2$0
NAGIB CHARLESTREASURER
Trustee or director, Officer
2$0
ANNA DAIDONEBOARD MEMBER
Trustee or director
2$0
BARRY HYNESBOARD MEMBER
Trustee or director
2$0
PETER GELZINISPRESIDENT
Trustee or director, Officer
2$0
CHRISTINE MCCONVILLEBOARD MEMBER
Trustee or director
2$0
ARTHUR MURPHYBOARD MEMBER
Trustee or director
2$0
CATHY O'FLAHERTYBOARD MEMBER
Trustee or director
2$0

Address and contacts

Address (IRS master file)
770 E BROADWAY, SOUTH BOSTON, MA 02127-2347
Principal officer (990 for 2024)
PETER GELZINIS, 770 EAST BROADWAY, SOUTH BOSTON, MA 02127
Signed the 990
PETER GELZINIS, PRESIDENT
Phone
(857) 204-9518
Return prepared by
NARDELLA & TAYLOR LLP

Mission

TO ENRICH THE LIVES OF YOUNG PEOPLE AND THEIR COMMUNITIES THROUGH EDUCATION

990 for the year ended December 31, 2024

Program accomplishments

  • THE ORGANIZATION SUSPENDED DAY TO DAY OPERATIONS AT THE END OF 2020 DUE TO STAFFING AND FUNDRAISING CHALLENGES BROUGHT ON BY THE COVID 19 PANDEMIC. THE ORGANIZATION DID NOT HAVE EMPLOYEES DURING THE YEARS 2021 TO 2024. THE BOARD HAS CONTINUED TO MEET ON A REGULAR BASIS AND ENGAGED A NON-PROFIT CONSULTANT IN 2021 TO DEVELOP A STRATEGIC PLAN FOR THE ORGANIZATION, WHICH RESULTED IN A VOTE TO SELL THE REAL ESTATE ASSETS OF THE ORGANIZATION AND USE THE SALE PROCEEDS FOR SCHOLARSHIPS AND TO SUPPORT EDUCATIONAL OPPORTUNITIES FOR YOUTH IN THE CITY OF BOSTON. THE SALE OF THE BUILDING OCCURRED ON APRIL 26, 2024. THE BOARD IS PLANNING TO MAKE AWARDS FOR SCHOLARSHIPS AND OTHER EDUCATIONAL PROGRAMS DURING 2025.
    Expenses $3,337

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
04-3309563
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
1996
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B900)
Assets (IRS master file)
$3,506,119
Income (IRS master file)
$3,564,846

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,758,237$12,119$3,506,119IRS
990-TDecember 2024–––IRS
990December 2023$13,275$70,099$1,790,568XML
990-TDecember 2023–––IRS
990December 2022$13,720$89,388$1,858,683IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS
990December 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 04-3309563).

Questions about PARACLETE CENTER INC

What is the EIN of PARACLETE CENTER INC?
The employer identification number (EIN) of PARACLETE CENTER INC is 04-3309563.
Is PARACLETE CENTER INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
Are donations to PARACLETE CENTER INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PARACLETE CENTER 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 PARACLETE CENTER 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 PARACLETE CENTER 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 PARACLETE CENTER INC?
The 990 for the year ended December 31, 2024 names PETER GELZINIS.
Who are the officers and directors of PARACLETE CENTER INC?
The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does PARACLETE CENTER INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,758,237, expenses of $12,119 and total assets of $3,506,119 at year end.

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