Form 990 for tax year 2023
Filed by PETER FANEUIL DEVELOPMENT GROUP INC.
Totals
- Total revenue
- $646,873
- Total expenses
- $662,166
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $606,602
- Investment income
- $37,380
- Other revenue
- $2,891
- Total assets, end of year
- $3,764,254
- Total liabilities, end of year
- $2,437,541
- Net assets or fund balances, end of year
- $1,326,713
- Program services expenses (Part IX)
- $584,764
- Management and general expenses
- $77,402
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $584,764
Program services were 88.3% 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.
-
2a · Program service revenue: RENTAL INCOME
total $600,505 · related or exempt $600,505
-
2b · Program service revenue: LAUNDRY INCOME
total $6,097 · related or exempt $6,097
-
3 · Investment income
total $37,380 · excluded $37,380
-
11d · All other revenue
total $2,891 · related or exempt $2,891
-
11e · Other revenue, total
$2,891
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $156,197 · program services $101,952 · management and general $54,245
-
11b · Fees: legal
total $3,034 · program services $3,034
-
11c · Fees: accounting
total $23,157 · management and general $23,157
-
11g · Fees: other
total $1,580 · program services $1,580
-
13 · Office expenses
total $8,517 · program services $8,517
-
14 · Information technology
total $3,850 · program services $3,850
-
16 · Occupancy
total $120,024 · program services $120,024
-
20 · Interest
total $64,526 · program services $64,526
-
22 · Depreciation, depletion and amortization
total $152,818 · program services $152,818
-
23 · Insurance
total $32,907 · program services $32,907
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $74,501 · program services $74,501
-
24b · Other expenses: ADMINSTRATION EXP
total $10,647 · program services $10,647
-
24c · Other expenses: SECURITY SERVICES
total $8,809 · program services $8,809
-
24e · All other expenses
total $1,599 · program services $1,599
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $321,094 · end of year $543,910
-
4 · Accounts receivable
beginning of year $4,607 · end of year $14,091
-
9 · Prepaid expenses and deferred charges
beginning of year $6,153 · end of year $3,221
-
10a · Land, buildings and equipment: cost or other basis
$5,881,969
-
10b · Land, buildings and equipment: accumulated depreciation
$3,689,201
-
10c · Land, buildings and equipment, net
beginning of year $2,319,328 · end of year $2,192,768
-
15 · Other assets
beginning of year $908,561 · end of year $1,010,264
-
17 · Accounts payable and accrued expenses
beginning of year $38,453 · end of year $34,709
-
19 · Deferred revenue
beginning of year $84,154 · end of year $274,573
-
21 · Escrow or custodial account liability
end of year $42,226
-
23 · Secured mortgages and notes payable
beginning of year $2,053,689 · end of year $2,085,032
-
25 · Other liabilities
beginning of year $41,441 · end of year $1,001
-
27 · Net assets without donor restrictions
beginning of year $1,337,466 · end of year $1,322,173
-
28 · Net assets with donor restrictions
beginning of year $4,540 · end of year $4,540
Mission and programs · 2023
Mission
TO DEVELOP AND OPERATE HOUSING FOR LOW INCOME PERSONS AND THEIR FAMILIES.
-
PETER FANEUIL HOUSE IS A 48 UNIT AFFORDABLE HOUSING PROPERTY IN THE FORMER FANEUIL SCHOOL ON BEACON HILL IN BOSTON, MASSACHUSETTS. PETER FANEUIL HOUSE PROVIDES HOUSING AND RELATED SERVICES FOR QUALIFIED LOW INCOME TENANTS AND THEIR FAMILIES.
Expenses $584,764 · Revenue $609,493
As filed on the 2023 return.
Listed in Part VII
-
Harold J CarollHAROLD J CAROLL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Meredith ClappMEREDITH CLAPP
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Suzanne BesserSUZANNE BESSER
CLERK
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Nancy B CrawleyNANCY B CRAWLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Natalya LeshchinerNATALYA LESHCHINER
CHIEF FINANCIAL OFFICER
- Total calculated
- $290,412
- From this org
- $0
- From related orgs
- $263,868
- Other
- $26,544
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $225,767 related
- Bonus
- $0 + $37,660 related
- Other
- $0 + $441 related
- Deferred
- $0 + $9,100 related
- Nontaxable benefits
- $0 + $17,444 related
- Filer's total
- $0 + $290,412 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
- ROGERSON COMMUNITIES, INC. (04-2104319) IS THE RELATED ORGANIZATION THAT ESTABLISHES COMPENSATION FOR NATALYA LESHCHINER. THE METHODS USED TO ESTABLISH COMPENSATION ARE AS FOLLOWS: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATIONG CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATIONG SURVEY OR STUDY AND 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.
-
FANEUIL HIV HOUSING CORPORATION
501(C)(3) · REAL ESTATE · MA
Directly controlled by ROGERSON COMMUNITIES INC
-
501(C)(3) · REAL ESTATE · MA
-
ROSLINDALE SENIOR HOUSING CORPORATION
501(C)(3) · LOW INCOME HOUSING · MA
Directly controlled by ROGERSON COMMUNITIES INC
-
501(C)(3) · LOW INCOME HOUSING · MA
Directly controlled by ROGERSON COMMUNITIES INC
-
501(C)(3) · LOW INCOME HOUSING · MA
Directly controlled by ROGERSON COMMUNITIES INC
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.
-
BEACON HOUSE ROGERSON LP
RESIDENTIAL HOUSING · MA
-
ROSLINDALE HOUSE LIMITED PARTNERSHIP
RESIDENTIAL HOUSING · MA
-
FARNSWORTH HOUSE LIMITED PARTNERSHIP
RESIDENTIAL HOUSING · MA
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
BEACON HOUSE CORPORATION
C · RESIDENTAIL HOUSING · MA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432899349300103
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