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Nonprofiteer
← WORCESTER NEW HORIZONS INC

Form 990 for tax year 2023

Filed by WORCESTER NEW HORIZONS INC.

Totals

Total revenue
$819,777
Total expenses
$779,441
Contributions and grants received
$684,488
Grants paid
$0
Program service revenue
$131,275
Investment income
$216
Other revenue
$3,798
Total assets, end of year
$1,097,680
Total liabilities, end of year
$1,654,548
Net assets or fund balances, end of year
-$556,868
Program services expenses (Part IX)
$731,627
Management and general expenses
$47,814
Fundraising expenses
$0
Program service expenses (Part III)
$731,627

Program services were 93.9% 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)

    $684,488

  • 2a · Program service revenue: RENTAL INCOME

    total $131,275 · related or exempt $131,275

  • 3 · Investment income

    total $216 · excluded $216

  • 11a · Other revenue: LAUNDRY INCOME

    total $3,162 · related or exempt $3,162

  • 11d · All other revenue

    total $636 · related or exempt $636

  • 11e · Other revenue, total

    $3,798

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $37,304 · program services $2,500 · management and general $34,804

  • 11b · Fees: legal

    total $1,150 · program services $1,150

  • 11c · Fees: accounting

    total $13,010 · management and general $13,010

  • 11g · Fees: other

    total $154,695 · program services $154,695

  • 12 · Advertising and promotion

    total $80 · program services $80

  • 13 · Office expenses

    total $25,455 · program services $25,455

  • 16 · Occupancy

    total $398,265 · program services $398,265

  • 19 · Conferences, conventions and meetings

    total $2,325 · program services $2,325

  • 22 · Depreciation, depletion and amortization

    total $116,780 · program services $116,780

  • 24a · Other expenses: SERVICE EXPENSE

    total $16,633 · program services $16,633

  • 24b · Other expenses: RESIDUAL RECEIPTS EXPEN

    total $13,494 · program services $13,494

  • 24c · Other expenses: TAXES/LICENSES/PERMITS

    total $250 · program services $250

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $139,888 · end of year $84,083

  • 4 · Accounts receivable

    beginning of year $5,147 · end of year $7,218

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,165 · end of year $2,250

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

    $2,647,730

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

    $2,002,069

  • 10c · Land, buildings and equipment, net

    beginning of year $727,060 · end of year $645,661

  • 15 · Other assets

    beginning of year $297,005 · end of year $358,468

  • 17 · Accounts payable and accrued expenses

    beginning of year $133,973 · end of year $83,819

  • 19 · Deferred revenue

    beginning of year $43 · end of year $290

  • 21 · Escrow or custodial account liability

    beginning of year $9,144 · end of year $8,774

  • 23 · Secured mortgages and notes payable

    beginning of year $1,622,428 · end of year $1,561,665

  • 25 · Other liabilities

    beginning of year $5,881 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$597,204 · end of year -$556,868

Mission and programs · 2023

Mission

TO ACQUIRE, CONSTRUCT, REHABILITATE AND OPERATE 34 UNITS OF AFFORDABLE RESIDENTIAL HOUSING FOR HANDICAPPED PERSONS IN WORCESTER, MA.

  • TO ACQUIRE, CONSTRUCT, REHABILITATE AND OPERATE 34 UNITS OF AFFORDABLE RESIDENTIAL HOUSING FOR HANDICAPPED PERSONS IN WORCESTER, MA.

    Expenses $731,627 · Revenue $135,073

As filed on the 2023 return.

Listed in Part VII

  • Donald E Bradway

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Michael Kennedy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Stephen D Stolberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Brian Scales

    PRESIDENT/TREASURER

    Total calculated
    $240,515
    From this org
    $0
    From related orgs
    $225,945
    Other
    $14,570
    Hours/week
    0.1 + 48.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $216,745 related
    Bonus
    $0
    Other
    $0 + $9,200 related
    Deferred
    $0 + $13,038 related
    Nontaxable benefits
    $0 + $1,532 related
    Filer's total
    $0 + $240,515 related

  • Deborah Foley

    CLERK/RESIDENT AGENT

    Total calculated
    $83,817
    From this org
    $0
    From related orgs
    $76,794
    Other
    $7,023
    Hours/week
    0.1 + 42.4 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
ANY INDIVIDUALS THAT RECEIVED COMPENSATION ON SCHEDULE J, PART II WERE COMPENSATED BY A RELATED ORGANIZATION DURING CALENDAR YEAR 2023. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: -COMPENSATION COMMITTEE -INDEPENDENT COMPENSATION CONSULTANT -FORM 990 OF OTHER ORGANIZATIONS -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

  • HAPCO LLC

    LOW INCOME HOUSING RENTAL · MA

Related corporations and trusts

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

  • ATHOL HOUSING ASSOCIATES

    C · LOW INCOME HOUSING RENTAL · MA

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202501359349302160

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