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Nonprofiteer
← SAGE HOUSING INC

Form 990 for tax year 2022

Filed by SAGE HOUSING INC.

Totals

Total revenue
$175,641
Total expenses
$124,557
Contributions and grants received
$17,690
Grants paid
$5,000
Program service revenue
$146,900
Investment income
$11,051
Other revenue
$0
Total assets, end of year
$1,252,799
Total liabilities, end of year
$304,588
Net assets or fund balances, end of year
$948,211
Program services expenses (Part IX)
$99,803
Management and general expenses
$24,754
Fundraising expenses
$0
Program service expenses (Part III)
$99,803

Program services were 80.1% 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)

    $17,000

  • 1f · All other contributions, gifts and grants

    $690

  • 2a · Program service revenue: RESIDENT SERVICES OVER

    total $79,700 · related or exempt $79,700

  • 2b · Program service revenue: RENTAL REVENUE

    total $67,200 · related or exempt $67,200

  • 3 · Investment income

    total $11,051 · excluded $11,051

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $5,000 · program services $5,000

  • 11c · Fees: accounting

    total $14,730 · management and general $14,730

  • 11g · Fees: other

    total $23,774 · program services $23,774

  • 13 · Office expenses

    total $2,876 · management and general $2,876

  • 16 · Occupancy

    total $30,822 · program services $30,822

  • 20 · Interest

    total $12,463 · program services $12,463

  • 22 · Depreciation, depletion and amortization

    total $20,752 · program services $20,752

  • 23 · Insurance

    total $7,148 · management and general $7,148

  • 24a · Other expenses: LOSS ON INVESTMENT

    total $4,760 · program services $4,760

  • 24b · Other expenses: SOBER HOUSE EXPENSE

    total $2,232 · program services $2,232

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $154,585 · end of year $184,914

  • 2 · Savings and temporary cash investments

    beginning of year $369,612 · end of year $375,470

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $7,570 · end of year $19,970

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,043 · end of year $1,957

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

    $632,788

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

    $73,338

  • 10c · Land, buildings and equipment, net

    beginning of year $574,526 · end of year $559,450

  • 13 · Investments: program-related

    beginning of year $110,605 · end of year $111,038

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,920 · end of year $11,837

  • 24 · Unsecured notes and loans payable

    beginning of year $302,894 · end of year $292,751

  • 27 · Net assets without donor restrictions

    beginning of year $897,127 · end of year $948,211

Mission and programs · 2022

Mission

TO PROMOTE, DEVELOP, BUILD, OWN AFFORDABLE HOUSING THROUGHHOUT MASSACHUSETTS AND THE UNITED STATES.

Activities or mission (Part I)

TO PROMOTE, DEVELOP, BUILD, OWN, MANAGE AND MAINTAIN AFFORDABLE HOUSING THROUGHHOUT MASSACHUSETTS AND THE UNITED STATES.

  • RESIDENT SERVICE OVERSIGHT OF A SOBER HOUSE FOR RECOVERING ADDICTS IN GREENFIELD, MA AND OPERATION OF TWO AFFORDABLE HOUSING COMPLEXES.

    Expenses $99,803 · Grants $5,000 · Revenue $146,900

As filed on the 2022 return.

Listed in Part VII

  • Richard Becker

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Patrice Trish Leonard

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Richard Olson

    TREASURER

    Total calculated
    $0
    Hours/week
    10

  • Richard Pierce

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Ronald Iacobucci

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kerry Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Carpenter

    DIRECTOR

    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.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349319914

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