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Nonprofiteer
← PROJECT PLACE GATEHOUSE INC

Form 990 for tax year 2022

Filed by PROJECT PLACE GATEHOUSE INC.

Totals

Total revenue
$223,024
Total expenses
$452,136
Contributions and grants received
$24,049
Grants paid
$0
Program service revenue
$197,112
Investment income
$1,293
Other revenue
$570
Total assets, end of year
$7,034,351
Total liabilities, end of year
$1,911,466
Net assets or fund balances, end of year
$5,122,885
Program services expenses (Part IX)
$452,136
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$452,136

Program services were 100.0% 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

    $24,049

  • 2a · Program service revenue: RENTAL INCOME

    total $197,112 · related or exempt $197,112

  • 3 · Investment income

    total $1,293 · excluded $1,293

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $570 · related or exempt $570

  • 11e · Other revenue, total

    $570

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $6,615 · program services $6,615

  • 10 · Payroll taxes

    total $725 · program services $725

  • 11a · Fees: management

    total $24,000 · program services $24,000

  • 11b · Fees: legal

    total $4,463 · program services $4,463

  • 13 · Office expenses

    total $6,991 · program services $6,991

  • 16 · Occupancy

    total $140,380 · program services $140,380

  • 17 · Travel

    total $102 · program services $102

  • 22 · Depreciation, depletion and amortization

    total $268,860 · program services $268,860

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $148,495 · end of year $113,742

  • 2 · Savings and temporary cash investments

    beginning of year $285,966 · end of year $300,872

  • 4 · Accounts receivable

    beginning of year $2,726 · end of year $4,994

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,140 · end of year $987

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

    $10,475,698

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

    $4,577,519

  • 10c · Land, buildings and equipment, net

    beginning of year $6,133,223 · end of year $5,898,179

  • 15 · Other assets

    beginning of year $807,983 · end of year $715,577

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,513 · end of year $8,887

  • 19 · Deferred revenue

    beginning of year $117,023 · end of year $2,579

  • 23 · Secured mortgages and notes payable

    beginning of year $1,900,000 · end of year $1,900,000

  • 27 · Net assets without donor restrictions

    beginning of year $5,351,997 · end of year $5,122,885

Mission and programs · 2022

Mission

TO SUPPORT THE CHARITABLE PURPOSES AND ACTIVITIES OF INTERSEMINARIAN - PROJECT PLACE, INC. BY DEVELOPING AND OPERATING COMMUNITY-SUPPORTED MIXED USE PROPERTIES THAT WOULD CREATE TRANSITIONAL HOUSING FOR LOW-INCOME AND HOMELESS INDIVIDUALS AND REVITALIZE THE LOCAL NEIGHBORHOOD.

Activities or mission (Part I)

THE LEASING OF OFFICE SPACE AND RESIDENTIAL HOUSING FOR 14 UNITS OF SUBSIDIZED LOW-INCOME HOUSING.

  • THE FACILITY HOUSES THE ADMINISTRATIVE OFFICES AND PROGRAM ACTIVITIES OF INTERSEMINARIAN - PROJECT PLACE, INC. (NON-PROFIT PARENT ORGANIZATION) AND RESIDENTIAL RENTAL SPACE FOR 14 UNITS OF SUBSIDIZED LOW-INCOME HOUSING.

    Expenses $452,136 · Revenue $197,112

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mary Kelleher

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rajeev Balakrishna

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • William Dillon Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Heather Wells

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Eileen Connors

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Fran Berlioz-Seux

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tara Alex

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kris Macauslan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Joyce Lee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Aaryn Manning

    EXECUTIVE DIRECTOR

    Total calculated
    $130,684
    From this org
    $0
    From related orgs
    $115,382
    Other
    $15,302
    Hours/week
    5 + 35 related

  • Alan Lehmann

    DIRECTOR OF FINANCE & SOCIAL ENTERPRISE

    Total calculated
    $151,817
    From this org
    $0
    From related orgs
    $129,326
    Other
    $22,491
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $129,326 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $2,739 related
    Nontaxable benefits
    $0 + $19,752 related
    Filer's total
    $0 + $151,817 related

  • Christian Miron

    DIRECTOR OF PHILANTHROPY

    Total calculated
    $137,861
    From this org
    $0
    From related orgs
    $123,561
    Other
    $14,300
    Hours/week
    5 + 35 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

  • 3 · Approval by the board or compensation committee

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

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.

  • THE 1145 WASHINGTON STREET CONDOMINIUM TRUST

    CONDOMINIUM ASSOCIATION - SHARED COSTS · MA

Provenance

Return type
form_990
Tax year
2022
Filed
1 May 2024
IRS schema version
2022v5.0
Source object
202431239349300013

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