Community Teamwork INC EIN 04-2382027 Form 990 (PDF) Claim this org

Community Teamwork INC

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Creates housing, education, and economic opportunities to reduce poverty and foster equality. For fiscal year 2024 it reported $224.6M in revenue, $217.0M in expenses, and $32.5M in net assets.Pt I

Founded
1965
Type
Public charity (501(c)(3)) · Human Services
Location
Lowell, MA
Website
www.commteam.org
Filings
5 on file (2020–2024)
Revenue
$224.6MFY2024
Expenses
$217.0M
Net assets
$32.5M
People
30
Filings
5
Updates
0
More identity details & actions ⌄
EIN  04-2382027 Public charity (501(c)(3)) Lowell, MA Founded 1965
Form 990 (PDF)
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Figures match the IRS filing checked 7/4/26 · see original: IRS
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Size
$100M+
What they do
Creates housing, education, and economic opportunities to reduce poverty and foster equality.
Leadership
Karen Frederick · Chief Executive Officer (up to 10/24) · $256K
Money in and out
$224.6M revenue, $217.0M expenses
Bottom line
95% program efficiency
Where the money goes · FY2024
Total revenue
$224.6M
Pt VIII · Ln 12
Total expenses
$217.0M
Pt IX · Ln 25
Net assets
$32.5M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $7.6M
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.04 Fundraising $0.00
Program efficiency
95%
of spending reaches programs+0.05% vs prior filing year
Operating runway
0.7mo
months of highly liquid reserves at operating expense rate▲ +75% vs prior filing year
Surplus margin
+3%
revenue over expenses, this year▼ -17% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$224.6M
FY2024▲ +19%
Expenses
$217.0M
FY2024▲ +20%
Total assets
$69.6M
FY2024▲ +12%
Total liabilities
$37.0M
FY2024-0.4%
Total revenue
$224.6M
Pt VIII · Ln 12
Total expenses
$217.0M
Pt IX · Ln 25
Net assets
$32.5M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$7.6M
Total assetsPt X · Ln 16$69.6M
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 322
Independent voting membersPt I · Ln 422

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCommunity Teamwork INC
EINHdr · item D04-2382027
Principal addressHdr · item CLowell, MA
WebsiteHdr · item Jwww.commteam.org
Year of formationHdr · item L1965
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P200)
Ruling yearIRS BMFJan 1966

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a22
Independent voting membersPt VI · Ln 1b22
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Executive Officer (up to 10/24)
$256,053Pt VII · Sec A
Chief Financial Officer
$180,881Pt VII · Sec A
Chief Executive Officer/Cpo (up to 10/24)
$175,046Pt VII · Sec A
Chief Human Resources Officer
$157,052Pt VII · Sec A
Director - Common Ground Development Corporation
$141,244Pt VII · Sec A
Vice President of Information Technology
$140,733Pt VII · Sec A
Chief Administrative Officer
$138,738Pt VII · Sec A
Vice President of Energy and Community Resources
$132,980Pt VII · Sec A

Karen Frederick’s $256K as Chief Executive Officer (up to 10/24) is at the 18th percentile of top reported officer pay among 249 $100M+ human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Karen Frederick$256,053
Karen Frederick$223,146$197,026$184,841$191,817$180,048
Nancy Van Alst$180,881
Carl Howell$175,046
Penny Judd$158,395$151,660$157,130$149,183
Lisa Wholey$157,052
Carl Howell$148,550$136,722$130,674
Lisa Wholey$144,440$125,311$119,655$123,402$123,462

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Mission & Programs · Part III

Where the work happens

3 program services account for $206.5M of program spending, described in the organization's own filed words · FY2024.
01

Housing and Homeless Services

Programs that help low- and moderate-income families establish or maintain safe and permanent housing.

$149.9Mprogram expense
02

Child, Family, and Adolescent Services

Programs that help low-income families meet their children's educational, social, nutritional, and health needs and encourage parents to participate fully in shaping these programs.

$35.9Mprogram expense
03

Energy and Community Resources

Community resources offer families, seniors, volunteers, and immigrants easy access to diverse and essential communitybased services. Core programs include the Family Resource Network and the Financial Literacy Academy, all of which assist families with children.

$20.8Mprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$216.5M · 96%
Program service revenue$8.1M · 4%
Contributions & grants96%$216.5M
Program service revenue4%$8.1M
Investment income$90K
— government grantsLn 1e$214.8M
Total revenueLn 12$224.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.04 Fundraising $0.00
Program services95%$207.2M
Management & general4%$9.6M
Fundraising$178K
Total functional expensesLn 25$217.0M

Balance Sheet

Part X · end of year
CashLn 1$13.1M
Total assetsLn 16$69.6M
Total liabilitiesLn 26$37.0M
Total net assetsLn 32$32.5M
Months of cash on handcomputed0.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $13.1M · Operating expenses (Pt IX) $217.0M · Less non-cash grants $3.4M · Cash operating expenses/yr $213.6M
0.7 months
Where the money goes
Program services
Program services $207.2M · Total expenses $217.0M
95%
Management & General
Management & general $9.6M · Total expenses $217.0M
4%
Fundraising
Fundraising $178K · Total expenses $217.0M
0.08%
Cost to raise $1
Fundraising expense (3-yr avg) $228K · Solicited contributions (3-yr avg) $2.4M
$0.10 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $216.5M · Total revenue $224.6M
96%
Government reliance
Government grants $214.8M · Total revenue $224.6M
96%
Earned-income share
Program service revenue $8.1M · Total revenue $224.6M
4%
Investment reliance
Investment income $90K · Total revenue $224.6M
+0.04%
Program self-sufficiency
Program service revenue $8.1M · Total expenses $217.0M
4%
Growth & trend
Revenue growth (YoY)
This year $224.6M · Prior year $188.3M
+19%
Revenue CAGR
FY2019 $105.3M · FY2024 $224.6M
+16%
Net-asset trend (YoY)
End of year $32.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $224.6M · Expenses $217.0M
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $69.6M
Net-asset ratio
Net assets $32.5M · Total assets $69.6M
47%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $69.6M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Karen Frederick · Reported title Chief Executive Officer (UP TO 10/24) · Highest reported compensation $256K · Total expenses $217.0M
0.1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $44.3M · Total expenses $217.0M
20%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 4%
Fundraising cost ratio 0.08%
Revenue growth 19%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
See all 3 funders →
Grants paid · 19 grants · $513.3M · 2019–2024
Unitemized GrantFY2024$124,589,622
Unitemized GrantFY2024$14,370,863
Unitemized GrantFY2024$7,102,036
Unitemized GrantFY2024$116,872
Unitemized GrantFY2023$96,786,033
Unitemized GrantFY2023$16,001,615
Unitemized GrantFY2023$5,269,737
Unitemized GrantFY2023$81,475
Unitemized GrantFY2022$84,349,588
Unitemized GrantFY2022$15,015,755
Unitemized GrantFY2022$4,460,231
Unitemized GrantFY2022$75,919
Unitemized GrantFY2020$70,521,120
Unitemized GrantFY2020$9,205,312
Unitemized GrantFY2020$3,972,638
Unitemized GrantFY2020$11,943
Unitemized GrantFY2019$49,179,582
Unitemized GrantFY2019$8,981,916
See all 19 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$188.3M revenue · ⤓ 990 PDF
FY2023$162.9M revenue · ⤓ 990 PDF
FY2022$200.5M revenue · ⤓ 990 PDF
FY2021$136.0M revenue · ⤓ 990 PDF
FY2020$105.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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