Charlesbank Homes
CHARLESBANK HOMES is a private foundation located in Walpole, Massachusetts. It makes capital grants to Massachusetts nonprofit organizations for construction, rehabilitation, repairs, and maintenance of housing for individuals and families with low or moderate incomes.
Key facts about Charlesbank Homes
In short: Charlesbank Homes gave $1.1M across 20 grants in 2025 (avg $53K), mostly in Massachusetts. 45% of 2025 grantees were new. Source: 2025 IRS Form 990-PF.
- EIN
- 04-2103755
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $1,057,500
- Grants made (2025)
- 20
- Average grant
- $52,875
- Median grant
- $50,000
- New grantees (estimate)
- 45% first-time grantees (9 of 20, 2025)
- Total assets
- $21,261,705
- Primary geography
- Massachusetts (100% of itemized 2025 grant dollars)
- How to apply
- Submit the online application with the requested documentation. Full details ↓
- Deadline
- The 2024 filing states that no deadlines were stipulated.
Data from IRS Form 990-PF, 2025; updated September 2026. New grantees are estimated by matching recipient names across years (methodology). Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$21.3M
+3.6% YoY
Annual Giving
$1.1M
+1.7% YoY
Grant Count
20
+25.0% YoY
Avg Grant Size
$53K
-18.7% YoY
Under IRS private-foundation payout rules, Charlesbank Homes reported a distributable amount of $1.1M for 2025 — the minimum it must pay out in qualifying distributions.
Is Charlesbank Homes open to new grantees?
45%
first-time grantees, 2025
In 2025, 9 of 20 grantees (45%) were first-time recipients. First grants averaged $59K; repeat grants $48K. How we count
Medians: $50K first-time, $50K repeat.
- 10% of 2025 grantees were also funded in 2024. Method
- Giving held roughly steady from 2022 to 2025 (−7%). Method
- In 2025 it paid out 101% of its IRS minimum distribution (the 5% rule). Method
Estimate from itemized grant lists in IRS Form 990-PF filings (2021–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Mission & Focus Areas
The foundation’s stated focus is capital support for affordable housing in Massachusetts. It funds new construction, rehabilitation, and major repairs or renovations beyond a property’s standard capital reserves. For repair or maintenance requests, applicants must provide a capital plan or capital needs assessment. The foundation does not fund operating expenses, capital campaigns, endowments, or pre-development costs. It prefers projects with total development costs under $10 million.
Grantees’ own descriptions show the range of organizations supported. Community Action for Better Housing says its mission is to provide decent, affordable housing to people with low or moderate incomes. Worcester Common Ground says it establishes and maintains housing for low- and moderate-income families and offers eligible individuals opportunities to become homeowners. The Boston Neighborhood Community Land Trust describes work with partners to stabilize neighborhoods and help residents of foreclosed, occupied homes remain in their homes.
Grantmaking
In filing year 2025, the foundation reported 20 grants totaling $1,057,500. Grant amounts ranged from $25,000 to $75,000, with a median of $50,000. All reported grant dollars went to recipients in Massachusetts.
Review Cycle
The 2024 filing states that no deadlines were stipulated. The application page says not to submit an application before October 1, 2026, and not to apply until a year has passed since the applicant last received a grant check.
Open Grants
2 open opportunities from Charlesbank Homes
Charlesbank Homes Affordable Housing Grant
Charlesbank Homes
Amount
Up to $50,000 (repairs/maintenance); up to $100,000 (new construction, 3+ units)
Deadline
Rolling / Open
Charlesbank Homes Foundation Grant
Charlesbank Homes
Amount
US $50,000 - US $100,000
Deadline
Rolling / Open
Ready to take the next step with Charlesbank Homes?
Geographic Focus
Where this funder awards grants
The foundation’s guidelines require projects to be in Massachusetts. In filing year 2025, 100% of reported grant dollars went to Massachusetts recipients.
Grant Distribution by State
Share of 2025 grant dollars across all 20 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2025, annual grant giving ranged from $952K (2023) to $1.1M (2021). In 2025 it made 20 grants totaling $1.1M.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was Community Team Work ($75K). Together the top 10 received $608K.
Grant Size Distribution
95 grants across all recorded years
The most common grant size was in the $50–100K range: 75 grants of 95 (79%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Community Team Work Lowell, MA | Construct 19 efficiency units for the homeless or disabled | $75,000 |
| Noah East Boston, MA | Develop a 7-Unit Home Ownership Building | $75,000 |
| Community Action for Better Housing New Bedford, MA | Restoration of a 26-Unit Building Damaged by Fire | $75,000 |
| Boston Neighborhood Community Land Trust Roxbury, MA | Update a heating system and insulation for a 3-family home | $75,000 |
| The Haven Project Lynn, MA | Capital Repairs for an 8-Room Sro | $57,500 |
| Habitat for Humanity Greater Lowell Westford, MA | Renovate a 3-Bedroom, Single Family Home | $50,000 |
| Habitat for Humanity Cape Cod North Easton, MA | Develop 2 Affordable Homes | $50,000 |
| Old Colony Habitat for Humanity Attleborough, MA | Renovate a 3-Bedroom Home | $50,000 |
| Habitat for Humanity North Central MA Leominster, MA | Construct a 3-Bedroom House | $50,000 |
| Commonwealth Land Trust Boston, MA | Create 24 Studio Units | $50,000 |
Financial History
Multi-year comparison from IRS filings
| Filing year | Assets | Revenue | Expenses | Grants | Grant count |
|---|---|---|---|---|---|
| 2025 | $21,261,705 | $976,200 | $1,122,900 | $1,057,500 | 20 |
| 2024 | $20,525,140 | $785,050 | $1,101,792 | $1,040,240 | 16 |
| 2023 | $19,314,514 | $753,193 | $1,054,939 | $952,298 | 16 |
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $21,261,705 | $20,525,140 | $19,314,514 |
| Revenue | $976,200 | $785,050 | $753,193 |
| Expenses | $1,122,900 | $1,101,792 | $1,054,939 |
| Qualifying Distributions | $1,064,494 | $1,046,091 | $962,040 |
| Net Investment Income | $969,973 | $574,349 | $660,294 |
| Distributable Amount | $1,051,125 | $963,087 | $962,308 |
Data update history
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Jeanne Pinado as trustee and president; Bruce Berzin as trustee and treasurer; Philip J. Notopoulos as vice president and secretary; and Kathryn Roy as vice president and assistant treasurer. Other listed trustees are Richard H. Sayre, L. Jason Law, Elizabeth Hibbard, Felicia Jacques, and Mark Winkeller. Thomas W. Cornu is listed as trustee emeritus.
Charlesbank Homes is led by Jeanne Pinado, Trustee & President on every filing since 2021; none of the 10 officers listed in 2025 report compensation.
Officers on the 2025 filing
Jeanne Pinado
Trustee & President
On filings since 2021
2 hrs/week
No compensation reported
Elizabeth Hibbard
Trustee
On filings since 2021
2 hrs/week
No compensation reported
Felicia Jacques
Trustee
On filings since 2021
2 hrs/week
No compensation reported
L. Jason Law
Trustee
On filings since 2021
2 hrs/week
No compensation reported
Mark Winkeller
Trustee
On filings since 2021
2 hrs/week
No compensation reported
Richard H. Sayre
Trustee
On filings since 2021
2 hrs/week
No compensation reported
Bruce Berzin
Trustee & Treasurer
New on the 2025 filing
2 hrs/week
No compensation reported
Kathryn Roy
Vice President & Assistant Treasurer
Trustee, Vice President & Secretary → Trustee, Vice President, Secretary & Treasurer, 2024
Trustee, Vice President, Secretary & Treasurer → Vice President & Assistant Treasurer, 2025
On filings since 2021
2 hrs/week
No compensation reported
Philip J. Notopoulos
Vice President & Secretary
Trustee → Vice President, 2024
Vice President → Vice President & Secretary, 2025
On filings since 2021
2 hrs/week
No compensation reported
Thomas W. Cornu
Trustee Emeritus
Trustee → Trustee Emeritus, 2025
On filings since 2021
2 hrs/week
No compensation reported
Former officers (3)
- Former: Wesley K. Blair (2021–2024) — Trustee & Treasurer
- Former: Charles J. Maneikis Jr. (2021–2022) — Trustee
- Former: Susan K. Keller (2021–2022) — Trustee
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Contact
Application contact: Jeanne Pinado
Mailing address: 34 Avon Street, Jamaica Plain, MA 02130
Phone: (617) 290-9133
Website: https://charlesbankhomesfoundation.org
Frequently asked questions about Charlesbank Homes
How much does Charlesbank Homes give each year?
Charlesbank Homes gave $1.1M across 20 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $1.0M across 16 grants.
What is Charlesbank Homes's typical grant size?
Charlesbank Homes's median grant in 2025 was $50,000, and its average grant was $52,875, across 20 grants on its 2025 IRS Form 990-PF. Organizations receiving their first grant from Charlesbank Homes that year got $59K on average.
Where does Charlesbank Homes give grants?
Charlesbank Homes gives mostly in Massachusetts: 100% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The most frequent recipient cities were Boston, MA (4 grants) and Lynn, MA (2 grants).
Does Charlesbank Homes give general operating support?
Not in 2025: none of the 20 grants with a stated purpose on Charlesbank Homes's 2025 IRS Form 990-PF were described as general or operating support.
Who are Charlesbank Homes's largest grantees?
Charlesbank Homes's largest 2025 grantees include Community Team Work ($75,000), Noah ($75,000) and Community Action for Better Housing ($75,000), according to its 2025 IRS Form 990-PF. Together they received 21% of its itemized 2025 grant dollars.
How large is Charlesbank Homes?
Charlesbank Homes reported $21.3M in total assets on its 2025 IRS Form 990-PF. It paid out $1.1M in qualifying distributions that year, against a required minimum of $1.1M (roughly 5% of its investment assets).
What does Charlesbank Homes fund?
The foundation’s stated focus is capital support for affordable housing in Massachusetts. It funds new construction, rehabilitation, and major repairs or renovations beyond a property’s standard capital reserves. See mission & focus areas ↑
How do I apply for a grant from Charlesbank Homes?
Submit the online application with the requested documentation. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Charlesbank Homes's EIN?
Charlesbank Homes's EIN (Employer Identification Number) is 04-2103755. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Here's the math on researching Charlesbank Homes by hand.
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