Civic Intelligence

H Read Inc.

990 • Fiscal year 2023 • EIN 04-2725454

Jul 01, 2022 to Jun 30, 2023 • Filed on Aug 29, 2023

Organization ProfileMANSFIELDCHILDRENSCENTER.ORG
1100 School StreetMansfield, MA 02048

(508) 339-4111

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

51st percentile

0.07x

Higher debt load relative to assets than 51% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

42nd percentile

0.05x

Higher debt load relative to revenue than 42% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

67th percentile

13%

Higher net margin than 67% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

69th percentile

$103,905

Higher top officer pay than 69% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

79th percentile

23%

Faster asset growth than 79% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

33rd percentile

-2.8%

Faster revenue growth than 33% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets51st percentile

Assets

Up

$2,052,156

Up $388,065 (+23%) from 2022

Net Assets

Up

$1,906,421

Up $371,745 (+24%) from 2022

Liabilities

Up

$145,735

Up $16,320 (+13%) from 2022

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin67th percentile

Revenue

Down

$2,777,818

Down $80,866 (-2.8%) from 2022

Expenses

Up

$2,406,073

Up $244,154 (+11%) from 2022

Net Income

Down

$371,745

Down $325,020 (-47%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth79th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2011: $296,885Liabilities 2011: $0Net Assets 2011: $296,8852011Assets 2012: $272,185Liabilities 2012: $0Net Assets 2012: $272,1852012Assets 2013: $279,081Liabilities 2013: $0Net Assets 2013: $279,0812013Assets 2014: $349,007Liabilities 2014: $0Net Assets 2014: $349,0072014Assets 2015: $396,214Liabilities 2015: $0Net Assets 2015: $396,2142015Assets 2016: $450,044Liabilities 2016: $0Net Assets 2016: $450,0442016Assets 2017: $543,094Liabilities 2017: $0Net Assets 2017: $543,0942017Assets 2018: $522,833Liabilities 2018: $0Net Assets 2018: $522,8332018Assets 2019: $675,655Liabilities 2019: $135,711Net Assets 2019: $539,9442019Assets 2020: $785,431Liabilities 2020: $394,878Net Assets 2020: $390,5532020Assets 2021: $1,219,855Liabilities 2021: $381,944Net Assets 2021: $837,9112021Assets 2022: $1,664,091Liabilities 2022: $129,415Net Assets 2022: $1,534,6762022Assets 2023: $2,052,156Liabilities 2023: $145,735Net Assets 2023: $1,906,4212023Assets 2024: $2,281,346Liabilities 2024: $158,580Net Assets 2024: $2,122,7662024Assets 2025: $2,564,107Liabilities 2025: $168,593Net Assets 2025: $2,395,5142025

Highlighted filing

2023

Assets$2,052,156
Liabilities$145,735
Net Assets$1,906,421
Open 2023 Filing

Operations Trend

Revenue Growth33rd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $1,357,560Expenses 2011: $1,384,465Net Income 2011: -$26,9052011Expenses 2012: $1,404,5202012Revenue 2013: $1,445,394Expenses 2013: $1,438,498Net Income 2013: $6,8962013Revenue 2014: $1,550,131Expenses 2014: $1,480,205Net Income 2014: $69,9262014Revenue 2015: $1,584,412Expenses 2015: $1,537,205Net Income 2015: $47,2072015Revenue 2016: $1,677,542Expenses 2016: $1,623,712Net Income 2016: $53,8302016Revenue 2017: $1,798,884Expenses 2017: $1,705,834Net Income 2017: $93,0502017Revenue 2018: $1,772,689Expenses 2018: $1,792,951Net Income 2018: -$20,2622018Revenue 2019: $1,954,633Expenses 2019: $1,810,796Net Income 2019: $143,8372019Revenue 2020: $1,667,771Expenses 2020: $1,817,162Net Income 2020: -$149,3912020Revenue 2021: $2,338,583Expenses 2021: $1,891,225Net Income 2021: $447,3582021Revenue 2022: $2,858,684Expenses 2022: $2,161,919Net Income 2022: $696,7652022Revenue 2023: $2,777,818Expenses 2023: $2,406,073Net Income 2023: $371,7452023Revenue 2024: $2,905,995Expenses 2024: $2,689,650Net Income 2024: $216,3452024Revenue 2025: $3,169,209Expenses 2025: $2,896,461Net Income 2025: $272,7482025

Highlighted filing

2023

Revenue$2,777,818
Expenses$2,406,073
Net Income$371,745
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Aug 29, 2023
Return Version
2022v5.0
Gross Receipts
$2,777,818
Mission and Program Overview

Mission

CHILD CARE SERVICES

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,385,556$1,236,524▼ $149,032
Savings and Temporary Cash Investments$143,642$702,907▲ $559,265
Land, Buildings, and Equipment, Net$99,649$81,757▼ $17,892
Accounts Receivable$20,562$18,019▼ $2,543
Prepaid Expenses and Deferred Charges$14,682$12,949▼ $1,733
Total Assets$1,664,091$2,052,156▲ $388,065
Liabilities
Deferred Revenue$69,551$77,613▲ $8,062
Accounts Payable and Accrued Expenses$59,864$68,122▲ $8,258
Total Liabilities$129,415$145,735▲ $16,320
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,534,676$1,906,421▲ $371,745
Total Net Assets Fund Balance$1,534,676$1,906,421▲ $371,745
Total Liabilities and Net Assets / Fund Balance$1,664,091$2,052,156▲ $388,065

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$39,823$254,573$294,396
Other Land Buildings$41,934$126,593$168,527
Equipment-$30,335$30,335
Compensation and Service Providers
Top Officer Pay69th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Ashley FallonTreasurer/clFT$103,905$103,905
Jeanne FallonPresidentFT$97,560$97,560
Kevin J FallonVice PresideFT$97,560$97,560

Board Members and Trustees

NameTitle
Carolyn E LieberthalDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$297,121
Program Service Revenue
$2,469,428
Investment Income
$9,411
Other Revenue
$1,858
Change in Net Assets
$371,745

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,777,818
Total Revenue per Audited Statements
$2,777,818
Total Revenue per Form 990
$2,777,818
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,911,147
Other Expenses$494,926
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,397,274$43,215-$1,440,489
Current Officers, Directors, Trustees, and Key Employees$200,346$98,679-$299,025
Occupancy$142,742$12,413-$155,155
Payroll Taxes$124,381$13,820-$138,201
Depreciation Depletion$35,580$3,094-$38,674
Insurance$31,892$2,773-$34,665
Other Employee Benefits$30,757$2,675-$33,432
Other Expenses$23,588$39,147-$23,588
Advertising$9,626$837-$10,463
Fees for Services Accounting$6,224$541-$6,765
All Other Expenses$1,656$3,650-$5,306
Fees for Services Legal$110$10-$120
Total Functional Expenses$2,173,276$232,797$0$2,406,073

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,406,073
Total Expenses per Audited Statements$2,406,073
Total Expenses per Form 990$2,406,073
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Kevin Jeanne FallonDirectorsRent and R/e TaxesNo$130,119
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Kevin fallon jeanne fallon director president spouses”

Form 990, Page 6, Part VI, Line 11B

“The officers and directors are sent a copy of the 990 prior to filing.”

Form 990, Page 6, Part VI, Line 12C

“Any transaction that an individual engages in or proposes with h. Read, inc. Must be scrutinized for potential conflict of interest. A written disclosure detailing the nature and specifics of the transaction or proposed transaction made by any individual must be made to the board of directors at least on an annual basis.”

Form 990, Page 6, Part VI, Line 19

“Anyone may request a copy of the form 990 with the organization's business office.”

Filing and Contact Details

Filer

Filer Name
H Read Inc
EIN
04-2725454
Phone
5083394111
Address
1100 SCHOOL STREET, MANSFIELD, MA 02048
Doing Business As
Mansfield Childrens Center

Signing Officer

Name
Jeanne Fallon
Title
President
Phone
5083394111
Signed
2023-08-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jeanne Fallon
Formed
1980
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
4
Employees
58

Preparer

Firm
COLLINS SMITH & O'CONNOR LLP
Address
77 N MAIN ST, ATTLEBORO, MA 02703
Preparer
Matthew W Harrison CPA Mst
Phone
5082223795
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd0true
IRS990ScheduleE/MaintainRacialCompRecsInd0true
IRS990ScheduleE/MaintainScholarshipsRecsInd0true
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd0true
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd0true
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd0true
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0PUBLICIZED IN THE ARTICLES OF ORGANIZATION & BYLAWS, PARENTS' PACKAGE, PERSONNEL POLICY HANDBOOK. EQUAL OPPORTUNITY EMPLOYER NOTED IN ALL ADS.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION RECEIVES A PORTION OF ITS FUNDING FROM THE COMMONWEALTH OF MASSACHUSETTS.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, LINE 6
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0KEVIN JEANNE FALLON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0130119
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RENT AND R/E TAXES
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RENTS THREE FACILITIES IN MANSFIELD, MA FROM 2 OF THE OFFICERS AND DIRECTORS. MONTHLY RENT PAYMENTS OF 9,500 WERE PAID TOTALING 114,000 FOR THE YEAR. RENT EXPENSE ALSO INCLUDES 16,119 OF REAL ESTATE TAXES PAID BY THE ORGANIZATION.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0KEVIN FALLON JEANNE FALLON DIRECTOR PRESIDENT SPOUSES
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE OFFICERS AND DIRECTORS ARE SENT A COPY OF THE 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY TRANSACTION THAT AN INDIVIDUAL ENGAGES IN OR PROPOSES WITH H. READ, INC. MUST BE SCRUTINIZED FOR POTENTIAL CONFLICT OF INTEREST. A WRITTEN DISCLOSURE DETAILING THE NATURE AND SPECIFICS OF THE TRANSACTION OR PROPOSED TRANSACTION MADE BY ANY INDIVIDUAL MUST BE MADE TO THE BOARD OF DIRECTORS AT LEAST ON AN ANNUAL BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANYONE MAY REQUEST A COPY OF THE FORM 990 WITH THE ORGANIZATION'S BUSINESS OFFICE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01664091
IRS990/TotalAssetsEOYAmt02052156
IRS990/TotalAssetsGrp/BOYAmt01664091
IRS990/TotalAssetsGrp/EOYAmt02052156
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0297121
IRS990/TotalEmployeeCnt058
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0232797
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt02173276
IRS990/TotalFunctionalExpensesGrp/TotalAmt02406073
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0129415
IRS990/TotalLiabilitiesEOYAmt0145735
IRS990/TotalLiabilitiesGrp/BOYAmt0129415
IRS990/TotalLiabilitiesGrp/EOYAmt0145735
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01534676
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01906421
IRS990/TotalProgramServiceExpensesAmt02173276
IRS990/TotalProgramServiceRevenueAmt02469428
IRS990/TotalReportableCompFromOrgAmt0299025
IRS990/TotalRevenueGrp/ExclusionAmt09411
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02471286
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02777818
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01664091
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02052156
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01100 SCHOOL STREET
IRS990/USAddress/CityNm0MANSFIELD
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002048
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0MANSFIELDCHILDRENSCENTER.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JEANNE FALLON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05083394111
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-08-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0H READ INC
ReturnHeader/Filer/BusinessNameControlTxt0HREA
ReturnHeader/Filer/EIN0042725454
ReturnHeader/Filer/PhoneNum05083394111
ReturnHeader/Filer/USAddress/AddressLine1Txt01100 SCHOOL STREET
ReturnHeader/Filer/USAddress/CityNm0MANSFIELD
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002048
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0043256157
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COLLINS SMITH & O'CONNOR LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt077 N MAIN ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0ATTLEBORO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002703
ReturnHeader/PreparerPersonGrp/PhoneNum05082223795
ReturnHeader/PreparerPersonGrp/PreparationDt02023-08-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MATTHEW W HARRISON CPA MST
ReturnHeader/ReturnTs02023-08-29T16:48:55-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JEANNE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0FALLON
ReturnHeader/TaxPeriodBeginDt02022-07-01
ReturnHeader/TaxPeriodEndDt02023-06-30
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,052,156
Liabilities
$145,735
Net assets
$1,906,421
Revenue
$2,777,818
Expenses
$2,406,073
Net income
$371,745
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.56$0.17$2.40$3.17$2.90$0.27
2024Detailed filing. Detailed filing data is available for this year.$2.28$0.16$2.12$2.91$2.69$0.22
2023Detailed filing. Detailed filing data is available for this year.$2.05$0.15$1.91$2.78$2.41$0.37
2022Detailed filing. Detailed filing data is available for this year.$1.66$0.13$1.53$2.86$2.16$0.70
2021Detailed filing. Detailed filing data is available for this year.$1.22$0.38$0.84$2.34$1.89$0.45
2020Detailed filing. Detailed filing data is available for this year.$0.79$0.39$0.39$1.67$1.82$0.15
2019Detailed filing. Detailed filing data is available for this year.$0.68$0.14$0.54$1.95$1.81$0.14
2018Detailed filing. Detailed filing data is available for this year.$0.52$0.00$0.52$1.77$1.79$0.02
2017Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$1.80$1.71$0.09
2016Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$1.68$1.62$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.40$0.00$0.40$1.58$1.54$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.35$0.00$0.35$1.55$1.48$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.00$0.28$1.45$1.44$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.00$0.27$1.40
2011Summary only. Only limited summary data is available for this year.$0.30$0.00$0.30$1.36$1.38$0.03