Totals
- Total revenue
- $367,841
- Total expenses
- $301,799
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $269,686
- Investment income
- $28
- Other revenue
- $98,127
- Total assets, end of year
- $199,522
- Total liabilities, end of year
- $4,418
- Net assets or fund balances, end of year
- $195,104
- Program services expenses (Part IX)
- $266,713
- Management and general expenses
- $35,086
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $266,713
Program services were 88.4% 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.
-
2a · Program service revenue: RENTAL - OTHER NPOS
total $269,686 · related or exempt $269,686
-
3 · Investment income
total $28 · excluded $28
-
11d · All other revenue
total $98,127 · related or exempt $98,127
-
11e · Other revenue, total
$98,127
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $18,500 · management and general $18,500
-
11b · Fees: legal
total $15 · management and general $15
-
11c · Fees: accounting
total $8,685 · management and general $8,685
-
11g · Fees: other
total $7,886 · management and general $7,886
-
13 · Office expenses
total $23,837 · program services $23,837
-
16 · Occupancy
total $108,842 · program services $108,842
-
22 · Depreciation, depletion and amortization
total $39,062 · program services $39,062
-
24a · Other expenses: BUY OUT EXPENSES
total $94,972 · program services $94,972
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $456,449 · end of year $108,126
-
2 · Savings and temporary cash investments
beginning of year $96,403
-
9 · Prepaid expenses and deferred charges
beginning of year $1,396 · end of year $1,396
-
10a · Land, buildings and equipment: cost or other basis
$2,600,000
-
10b · Land, buildings and equipment: accumulated depreciation
$2,510,000
-
10c · Land, buildings and equipment, net
beginning of year $304,681 · end of year $90,000
-
17 · Accounts payable and accrued expenses
beginning of year $22,062 · end of year $4,418
-
19 · Deferred revenue
beginning of year $4,589
-
23 · Secured mortgages and notes payable
beginning of year $423,297
-
27 · Net assets without donor restrictions
beginning of year $408,981 · end of year $195,104
Mission and programs · 2024
Mission
ORGANIZATION'S SOLE FUNCTION IS TO PROVIDE A RENTAL FACILITY TO EXEMPT ORGANIZATIONS.
-
ORGANIZATION'S SOLE FUNCTION IS TO PROVIDE A RENTAL FACILITY TO EXEMPT ORGANIZATIONS.
Expenses $266,713 · Revenue $367,813
As filed on the 2024 return.
Listed in Part VII
-
Alex RodolakisALEX RODOLAKIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Alisa MagnottaALISA MAGNOTTA
PRESIDENT/DIRECTOR
- Total calculated
- $284,009
- From this org
- $0
- From related orgs
- $250,624
- Other
- $33,385
- Hours/week
- 1 + 35 related
Schedule J breakdown matched by us
- Base
- $0 + $238,811 related
- Bonus
- $0 + $11,813 related
- Other
- $0
- Deferred
- $0 + $3,045 related
- Nontaxable benefits
- $0 + $30,340 related
- Filer's total
- $0 + $284,009 related
-
Bea ForrestBEA FORREST
DIRECTOR (OUTGOING)
- Total calculated
- $0
- Hours/week
- 1
-
Bettina HoltonBETTINA HOLTON
DIRECTOR (OUTGOING)
- Total calculated
- $0
- Hours/week
- 1
-
Cassandra DanzlCASSANDRA DANZL
TREASURER/DIRECTOR (AS OF 12/24)
- Total calculated
- $173,498
- From this org
- $0
- From related orgs
- $155,559
- Other
- $17,939
- Hours/week
- 1 + 35 related
Schedule J breakdown matched by us
- Base
- $0 + $148,209 related
- Bonus
- $0 + $7,350 related
- Other
- $0
- Deferred
- $0 + $4,890 related
- Nontaxable benefits
- $0 + $13,049 related
- Filer's total
- $0 + $173,498 related
-
Christopher OldiCHRISTOPHER OLDI
DIRECTOR (OUTGOING)
- Total calculated
- $0
- Hours/week
- 1
-
Michael JonesMICHAEL JONES
DIRECTOR (OUTGOING)
- Total calculated
- $0
- Hours/week
- 1
-
Mike LaufMIKE LAUF
DIRECTOR (OUTGOING)
- Total calculated
- $0
- Hours/week
- 1
-
Peter FreemanPETER FREEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Raymond A YoxRAYMOND A YOX
DIRECTOR (OUTGOING)
- Total calculated
- $0
- Hours/week
- 1
-
Robert L BrennanROBERT L BRENNAN
CLERK (AS OF 12/24)
- Total calculated
- $54,572
- From this org
- $0
- From related orgs
- $54,346
- Other
- $226
- Hours/week
- 1 + 35 related
-
Stephen FerrisSTEPHEN FERRIS
CFO (UNTIL 4/25)
- Total calculated
- $207,675
- From this org
- $0
- From related orgs
- $175,394
- Other
- $32,281
- Hours/week
- 1 + 35 related
Schedule J breakdown matched by us
- Base
- $0 + $166,994 related
- Bonus
- $0 + $8,400 related
- Other
- $0
- Deferred
- $0 + $5,089 related
- Nontaxable benefits
- $0 + $27,192 related
- Filer's total
- $0 + $207,675 related
-
Jane HammondJANE HAMMOND
INTERIM CFO (AS OF 4/25)
- Total calculated
- $135,993
- From this org
- $0
- From related orgs
- $119,047
- Other
- $16,946
- Hours/week
- 1 + 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
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:
- EMPLOYEES WERE COMPENSATED BY A RELATED ORGANIZATION WHILE THEY SERVED AS OFFICERS OF THE ORGANIZATION DURING THE CALENDAR YEAR. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: - COMPENSATION COMMITTEE - 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.
-
HOUSING ASSISTANCE CORPORATION
501(C)(3) · LOW INCOME AFFORDABLE HOUSING · MA
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.
-
WEST BARNSTABLE COMMUNITIES LP
LOW INCOME HOUSING RENTALS · MA
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
POCASSET ASSISTED LIVING
C · LOW INCOME HOUSING RENTALS · MA
-
WEST BARNSTABLE COMMUNITIES - HAC LLC
C · AFFORDABLE HOUSING SPONSOR · MA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601339349300005
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