Operation Peace Northeast INC EIN 04-3558709

Operation Peace Northeast INC

EIN  04-3558709 Public charity (501(c)(3)) Newton, MA
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Offers educational programs to residents of subsidized housing.
Leadership
Michael R Martin · President
Money in and out
$465K revenue, $292K expenses
Bottom line
85% program efficiency

Offers educational programs to residents of subsidized housing. For fiscal year 2024 it reported $465K in revenue, $292K in expenses, and $1.2M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$465K
Pt VIII · Ln 12
Total expenses
$292K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $173K
Where spending went · Part IX cols B–D
Program services $0.85 Management & general $0.15
Program efficiency
85%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
47.5mo
months of highly liquid reserves at operating expense rate▲ +7% vs prior filing year
Surplus margin
+37%
revenue over expenses, this year▲ +6% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$465K
FY2024▲ +13%
Expenses
$292K
FY2024▲ +9%
Total assets
$1.2M
FY2024▲ +17%
Total liabilities
$3K
FY2024▼ -61%
Total revenue
$465K
Pt VIII · Ln 12
Total expenses
$292K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$173K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B85%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $249K of program spending, described in the organization's own filed words · FY2024.
01

Provide educational opportunities through an educational program to low and moderate income level residents of a multi-family housing complex that receives section 8 rent subsidy.

$249Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COperation Peace Northeast INC
EINHdr · item D04-3558709
Principal addressHdr · item CNewton, MA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFOct 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$435K · 93%
Investment income$31K · 7%
Contributions & grants93%$435K
Investment income7%$31K
— government grantsLn 1e$435K
Total revenueLn 12$465K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.85 Management & general $0.15
Program services85%$249K
Management & general15%$43K
Total functional expensesLn 25$292K

Balance Sheet

Part X · end of year
CashLn 1$1.2M
Total assetsLn 16$1.2M
Total liabilitiesLn 26$3K
Total net assetsLn 32$1.2M
Months of cash on handcomputed47.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.2M · Operating expenses/yr $292K
47.5 months
Where the money goes
Program services
Program services $249K · Total expenses $292K
85%
Management & General
Management & general $43K · Total expenses $292K
15%
Fundraising
Fundraising $0 · Total expenses $292K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $138K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $435K · Total revenue $465K
93%
Government reliance
Government grants $435K · Total revenue $465K
93%
Earned-income share
Program service revenue $0 · Total revenue $465K
0%
Investment reliance
Investment income $31K · Total revenue $465K
+7%
Program self-sufficiency
Program service revenue $0 · Total expenses $292K
0%
Growth & trend
Revenue growth (YoY)
This year $465K · Prior year $411K
+13%
Revenue CAGR
FY2020 $373K · FY2024 $465K
+6%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $465K · Expenses $292K
+37%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
Net-asset ratio
Net assets $1.2M · Total assets $1.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Michael R Martin · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $292K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $223K · Total expenses $292K
76%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 85%
Overhead ratio 15%
Fundraising cost ratio 0%
Revenue growth 13%
Accounting fee ratio 2%

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 · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$10K

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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 (Latest)$465K revenue · viewing · ⤓ 990 PDF
FY2023$411K revenue · ⤓ 990 PDF
FY2022$414K revenue · ⤓ 990 PDF
FY2021$371K revenue · ⤓ 990 PDF
FY2020$373K 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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