Form 990 for tax year 2022
Filed by LEWIS MALL APARTMENTS INCORPORATED.
Totals
- Total revenue
- $581,338
- Total expenses
- $644,394
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $579,637
- Investment income
- $1,701
- Other revenue
- $0
- Total assets, end of year
- $1,734,028
- Total liabilities, end of year
- $3,779,371
- Net assets or fund balances, end of year
- -$2,045,343
- Program services expenses (Part IX)
- $487,764
- Management and general expenses
- $156,630
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $487,764
Program services were 75.7% 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: NET RESIDENTIAL RENTS
total $538,390 · unrelated business $0 · excluded $0
-
2b · Program service revenue: TENANT CHARGES
total $41,247 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,701 · unrelated business $0 · excluded $1,701
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $215,057 · program services $93,280 · management and general $121,777 · fundraising $0
-
11b · Fees: legal
total $3,323 · program services $0 · management and general $3,323 · fundraising $0
-
11c · Fees: accounting
total $18,000 · program services $0 · management and general $18,000 · fundraising $0
-
13 · Office expenses
total $13,392 · program services $0 · management and general $13,392 · fundraising $0
-
16 · Occupancy
total $209,756 · program services $209,756 · management and general $0 · fundraising $0
-
22 · Depreciation, depletion and amortization
total $138,440 · program services $138,440 · management and general $0 · fundraising $0
-
23 · Insurance
total $36,695 · program services $36,695 · management and general $0 · fundraising $0
-
24a · Other expenses: MISCELLANEOUS FINANCIAL EXPENSES
total $944 · program services $944 · management and general $0 · fundraising $0
-
24b · Other expenses: OTHER ELDERLY CARE
total $52 · program services $52 · management and general $0 · fundraising $0
-
24c · Other expenses: MISCELLANEOUS ADMIN EXPENSES
total $138 · program services $0 · management and general $138 · fundraising $0
-
24d · Other expenses: SUPPLIES
total $8,597 · program services $8,597 · management and general $0 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $70,245 · end of year $45,345
-
2 · Savings and temporary cash investments
beginning of year $152,476 · end of year $203,563
-
4 · Accounts receivable
beginning of year $3,960 · end of year $948
-
9 · Prepaid expenses and deferred charges
beginning of year $5,952 · end of year $11,207
-
10a · Land, buildings and equipment: cost or other basis
$4,292,817
-
10b · Land, buildings and equipment: accumulated depreciation
$2,819,852
-
10c · Land, buildings and equipment, net
beginning of year $1,561,869 · end of year $1,472,965
-
17 · Accounts payable and accrued expenses
beginning of year $37,460 · end of year $38,484
-
19 · Deferred revenue
beginning of year $1,299 · end of year $1,744
-
23 · Secured mortgages and notes payable
beginning of year $3,724,700 · end of year $3,724,700
-
25 · Other liabilities
beginning of year $13,330 · end of year $14,443
-
27 · Net assets without donor restrictions
beginning of year -$1,982,287 · end of year -$2,045,343
Mission and programs · 2022
Mission
TO PROVIDE AFFORDABLE HOUSING FACILITIES AND RELATED SUPPORT SERVICES TO LOW INCOME ELDERLY AND DISABLED INDIVIDUALS
-
OPERATING A 47 UNIT AFFORDABLE HOUSING FACILITY TO PROVIDE HOUSING AND SUPPORT SERVICES TO AT-RISK ELDERLY AND DISABLED IN THE EAST BOSTON, MASSACHUSETTS COMMUNITY.
Expenses $487,764 · Revenue $579,637
As filed on the 2022 return.
Listed in Part VII
-
Greg WilmotGREG WILMOT
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Salvatore J ColomboSALVATORE J COLOMBO
TREASURER
- Total calculated
- $276,984
- From this org
- $0
- From related orgs
- $260,136
- Other
- $16,848
- Hours/week
- 1
Schedule J breakdown matched by us
- Base
- $196,536
- Bonus
- $63,600
- Other
- $0
- Deferred
- $10,405
- Nontaxable benefits
- $6,443
- Filer's total
- $276,984
-
Ruth CaponeRUTH CAPONE
CLERK
- Total calculated
- $0
- Hours/week
- 1
-
Stanley BuonagurioSTANLEY BUONAGURIO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Pasquale CordiscoPASQUALE CORDISCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Calay IpCALAY IP
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rita SorrentoRITA SORRENTO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jean StaropoliJEAN STAROPOLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Albert F CaldarelliALBERT F CALDARELLI
PRESIDENT/EBCDC, INC.
- Total calculated
- $297,852
- From this org
- $0
- From related orgs
- $280,747
- Other
- $17,105
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $220,747
- Bonus
- $60,000
- Other
- $0
- Deferred
- $11,230
- Nontaxable benefits
- $5,875
- Filer's total
- $297,852
-
Albert J FestaALBERT J FESTA
FINANCE DIR/EBCDC, INC.
- Total calculated
- $271,917
- From this org
- $0
- From related orgs
- $256,536
- Other
- $15,381
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $196,536
- Bonus
- $60,000
- Other
- $0
- Deferred
- $10,261
- Nontaxable benefits
- $5,120
- Filer's total
- $271,917
-
Cynthia A Fronduto LopezCYNTHIA A FRONDUTO LOPEZ
DIR OF ACCTG/EBCDC, INC.
- Total calculated
- $221,632
- From this org
- $0
- From related orgs
- $194,757
- Other
- $26,875
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $157,257
- Bonus
- $37,500
- Other
- $0
- Deferred
- $7,790
- Nontaxable benefits
- $19,085
- Filer's total
- $221,632
-
Tanya HahnelTANYA HAHNEL
PROJECT MGR/EBCDC, INC.
- Total calculated
- $115,083
- From this org
- $0
- From related orgs
- $111,731
- Other
- $3,352
- 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. 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
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.
-
3 · Provide services related to affordable housing development · MA
Directly controlled by NA
-
3 · Provide services to the residents of Lewis Mall · MA
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 July 2024
- IRS schema version
- 2022v5.0
- Source object
- 202432289349301633
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