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Nonprofiteer
← BOSTON NEIGHBORHOOD COMMUNITY LAND TRUST INC

Form 990 for tax year 2022

Filed by BOSTON NEIGHBORHOOD COMMUNITY LAND TRUST INC.

What the amendment changed

Compared with the return it replaced , filed 15 May 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$1,276,672 changed to $1,315,258
Total expenses
$938,267 changed to $1,226,843
Contributions and grants received
$378,536 changed to $631,181
Program service revenue
$886,860 changed to $672,228
Investment income
$9,653 changed to $10,637
Other revenue
$1,623 changed to $1,212
Total assets, end of year
$11,038,998 changed to $10,139,117
Total liabilities, end of year
$8,330,717 changed to $7,680,826
Net assets or fund balances, end of year
$2,708,281 changed to $2,458,291
Program services expenses
$817,724 changed to $1,047,600
Management and general expenses
$86,797 changed to $136,093
Fundraising expenses
$33,746 changed to $43,150
Program service expenses (Part III)
$817,724 changed to $1,047,600

Totals

Total revenue
$1,315,258
Total expenses
$1,226,843
Contributions and grants received
$631,181
Grants paid
$0
Program service revenue
$672,228
Investment income
$10,637
Other revenue
$1,212
Total assets, end of year
$10,139,117
Total liabilities, end of year
$7,680,826
Net assets or fund balances, end of year
$2,458,291
Program services expenses (Part IX)
$1,047,600
Management and general expenses
$136,093
Fundraising expenses
$43,150
Program service expenses (Part III)
$1,047,600

Program services were 85.4% 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.

  • 1f · All other contributions, gifts and grants

    $631,181

  • 1g · Noncash contributions included above

    $42,452

  • 2a · Program service revenue: RENTAL INCOME

    total $672,228 · related or exempt $672,228

  • 3 · Investment income

    total $10,637 · excluded $10,637

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER REVENUE

    total $1,212 · related or exempt $1,212

  • 11e · Other revenue, total

    $1,212

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $95,811 · program services $69,942 · management and general $16,168 · fundraising $9,701

  • 7 · Other salaries and wages

    total $202,833 · program services $148,069 · management and general $34,227 · fundraising $20,537

  • 8 · Pension plan contributions

    total $5,328 · program services $3,889 · management and general $899 · fundraising $540

  • 9 · Other employee benefits

    total $54,466 · program services $39,760 · management and general $9,191 · fundraising $5,515

  • 10 · Payroll taxes

    total $23,943 · program services $17,479 · management and general $4,040 · fundraising $2,424

  • 11a · Fees: management

    total $33,521 · program services $33,521

  • 11b · Fees: legal

    total $254 · program services $139 · management and general $115

  • 11c · Fees: accounting

    total $73,060 · program services $27,314 · management and general $45,422 · fundraising $324

  • 11g · Fees: other

    total $37,688 · program services $33,219 · management and general $4,301 · fundraising $168

  • 13 · Office expenses

    total $28,860 · program services $17,096 · management and general $10,002 · fundraising $1,762

  • 16 · Occupancy

    total $59,918 · program services $58,861 · management and general $701 · fundraising $356

  • 17 · Travel

    total $365 · program services $328 · management and general $32 · fundraising $5

  • 20 · Interest

    total $207,340 · program services $207,340

  • 22 · Depreciation, depletion and amortization

    total $224,469 · program services $224,469

  • 23 · Insurance

    total $35,419 · program services $31,809 · management and general $3,098 · fundraising $512

  • 24a · Other expenses: MAINTENANCE EXPENSE

    total $90,300 · program services $81,097 · management and general $7,897 · fundraising $1,306

  • 24b · Other expenses: REAL ESTATE TAX EXPENSE

    total $53,268 · program services $53,268

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,039,072 · end of year $1,008,565

  • 3 · Pledges and grants receivable

    beginning of year $108,715 · end of year $166,659

  • 4 · Accounts receivable

    beginning of year $17,984 · end of year $26,743

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,284 · end of year $1,739

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

    $9,527,558

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

    $738,700

  • 10c · Land, buildings and equipment, net

    beginning of year $8,572,721 · end of year $8,788,858

  • 15 · Other assets

    beginning of year $139,742 · end of year $146,553

  • 17 · Accounts payable and accrued expenses

    beginning of year $337,639 · end of year $261,534

  • 19 · Deferred revenue

    beginning of year $3,595 · end of year $9,566

  • 23 · Secured mortgages and notes payable

    beginning of year $7,150,423 · end of year $7,350,841

  • 25 · Other liabilities

    beginning of year $19,985 · end of year $58,885

  • 27 · Net assets without donor restrictions

    beginning of year $2,324,876 · end of year $2,417,041

  • 28 · Net assets with donor restrictions

    beginning of year $45,000 · end of year $41,250

Mission and programs · 2022

Mission

TO COLLECTIVELY WORK WITH PARTNERS TO STATBILIZE NEIGHBORHOODS BY PROVIDING INNOVATIVE MEANS BY WHICH AS MANY RESIDENTS OF FORECLOSED OCCUPIED HOMES AS SOON AS POSSIBLE CAN STAY IN (CONTINUED - SEE SCH O)

Activities or mission (Part I)

TO COLLECTIVELY WORK WITH PARTNERS TO STABILIZE NEIGBORHOODS BY INNOVATIVE MEANS

  • - DEVELOPMENT OF BEST PRACTICE MODELS FOR HOME OWNERSHIP OF FORECLOSED PROPERTIES. - ACQUISITION AND REHABILITATION OF FORCLOSED OR AT RISK RESIDENTIAL UNITS IN THE THE GREATER BOSTON AREA.

    Expenses $1,047,600 · Revenue $672,228

As filed on the 2022 return.

Listed in Part VII

  • ALMA CHISLOM

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • GREGORY BIALECKI

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ELOISE P LAWRENCE

    CLERK

    Total calculated
    $0
    Hours/week
    1

  • KATHY BROWN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUSAN CHIHAMBAKWE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERICA SCHWARZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CORTINA VANN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DENISE MATTHEWS-TURNER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOEL WOOL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JOCELINE FIDALGO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ERIC BOYD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEAN PAUL DOH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CINDY HERALDO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MERIDITH LEVY

    EXECUTIVE DIRECTOR

    Total calculated
    $95,811
    From this org
    $95,811
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2025
IRS schema version
2022v5.0
Source object
202501359349300925

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