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Nonprofiteer
← BROADWAY STREET SUPPORTIVE HOUSING INC

Form 990 for tax year 2023

Filed by BROADWAY STREET SUPPORTIVE HOUSING INC.

Totals

Total revenue
$620,681
Total expenses
$637,308
Contributions and grants received
$475,181
Grants paid
$0
Program service revenue
$140,885
Investment income
$4,615
Other revenue
$0
Total assets, end of year
$3,580,920
Total liabilities, end of year
$3,827,126
Net assets or fund balances, end of year
-$246,206
Program services expenses (Part IX)
$559,640
Management and general expenses
$77,668
Fundraising expenses
$0
Program service expenses (Part III)
$559,640

Program services were 87.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $475,181

  • 2a · Program service revenue: LOW-INCOME HOUSING

    total $140,885 · related or exempt $140,885

  • 3 · Investment income

    total $4,615 · excluded $4,615

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $129,021 · program services $63,623 · management and general $65,398

  • 11b · Fees: legal

    total $10,800 · program services $10,800

  • 11c · Fees: accounting

    total $12,270 · management and general $12,270

  • 13 · Office expenses

    total $2,459 · program services $2,459

  • 14 · Information technology

    total $3,662 · program services $3,662

  • 16 · Occupancy

    total $258,105 · program services $258,105

  • 20 · Interest

    total $110,407 · program services $110,407

  • 22 · Depreciation, depletion and amortization

    total $104,885 · program services $104,885

  • 23 · Insurance

    total $2,798 · program services $2,798

  • 24a · Other expenses: CUSTODIAN FEE

    total $1,750 · program services $1,750

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $1,151 · program services $1,151

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $58,212 · end of year $147,651

  • 4 · Accounts receivable

    beginning of year $24,597 · end of year $21,123

  • 9 · Prepaid expenses and deferred charges

    beginning of year $33,009 · end of year $44,495

  • 10a · Land, buildings and equipment: cost or other basis

    $3,438,649

  • 10b · Land, buildings and equipment: accumulated depreciation

    $282,571

  • 10c · Land, buildings and equipment, net

    beginning of year $3,249,913 · end of year $3,156,078

  • 15 · Other assets

    beginning of year $224,185 · end of year $211,573

  • 17 · Accounts payable and accrued expenses

    beginning of year $75,572 · end of year $103,617

  • 19 · Deferred revenue

    beginning of year $13,559 · end of year $7,260

  • 21 · Escrow or custodial account liability

    beginning of year $15,926 · end of year $15,566

  • 23 · Secured mortgages and notes payable

    beginning of year $3,698,558 · end of year $3,694,329

  • 25 · Other liabilities

    beginning of year $15,880 · end of year $6,354

  • 27 · Net assets without donor restrictions

    beginning of year -$229,579 · end of year -$246,206

Mission and programs · 2023

Mission

TO DEVELOP AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME PERSONS AND FAMILIES IN LOWELL, MASSACHUSETTS.

  • TO DEVELOP AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME PERSONS AND FAMILIES IN LOWELL, MASSACHUSETTS.

    Expenses $559,640 · Revenue $140,885

As filed on the 2023 return.

Listed in Part VII

  • Glenn Goldman

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • James Hogan

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Germaine Vigeant-Trudel

    CLERK

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • 446 MASS AVE LIMITED PARTNERSHIP

    HOUSING · MA

    Directly controlled by 446 MASS A

  • TOWNE SCHOOL LIMITED PARTNERSHIP

    HOUSING · MA

    Directly controlled by TOWNE SCHO

  • SB2 HOUSING LIMITED PARTNERSHIP

    HOUSING · MA

    Directly controlled by SB2 HOUSIN

  • 144 GREENMONT LIMITED PARTNERSHIP

    HOUSING · MA

    Directly controlled by 144 GREENM

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CGDC LLC

    C CORP · DEVELOPMEN · MA

    Directly controlled by CGDC

  • TOWNE SCHOOL GP LLC

    C CORP · DEVELOPMEN · MA

    Directly controlled by CGDC

  • SB2 HOUSING GP LLC

    C CORP · DEVELOPMEN · MA

    Directly controlled by CGDC

  • 446 MASS AVE GP LLC

    C CORP · DEVELOPMEN · MA

    Directly controlled by CGDC

  • 144 GREENMONT GP LLC

    C CORP · DEVELOPMEN · MA

Provenance

Return type
form_990
Tax year
2023
Filed
28 January 2025
IRS schema version
2023v6.0
Source object
202541079349300614

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