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Nonprofiteer
← HURREN STREET INC

Form 990 for tax year 2022

Filed by HURREN STREET INC.

Totals

Total revenue
$41,793
Total expenses
$181,346
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$41,791
Investment income
$2
Other revenue
$0
Total assets, end of year
$6,066,881
Total liabilities, end of year
$4,734,549
Net assets or fund balances, end of year
$1,332,332
Program services expenses (Part IX)
$166,643
Management and general expenses
$14,703
Fundraising expenses
$0
Program service expenses (Part III)
$166,643

Program services were 91.9% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $41,791 · related or exempt $41,791

  • 3 · Investment income

    total $2 · excluded $2

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $8,488 · management and general $8,488

  • 22 · Depreciation, depletion and amortization

    total $166,643 · program services $166,643

  • 24a · Other expenses: OTHER EXPENSES

    total $6,215 · management and general $6,215

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,910 · end of year $3,087,280

  • 4 · Accounts receivable

    beginning of year $50 · end of year $50

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

    $2,433,584

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

    $99,611

  • 10c · Land, buildings and equipment, net

    beginning of year $7,193,763 · end of year $2,333,973

  • 15 · Other assets

    end of year $645,578

  • 17 · Accounts payable and accrued expenses

    end of year $369,549

  • 23 · Secured mortgages and notes payable

    end of year $4,365,000

  • 27 · Net assets without donor restrictions

    beginning of year $7,197,723 · end of year $1,332,332

Mission and programs · 2022

Mission

TO OWN AND DEVELOP THE BUILDING AT 34 HURD STREET IN LOWELL, MA FOR THE PURPOSE OF LEASING SUCH PROPERTY TO UTEC, INC.

Activities or mission (Part I)

TO OWN AND DEVELOP PROPERRYY FOR THE PURPOSE OF LEASING SUCH PROPERTY TO UTEC, INC.

  • TO OWN OR LEASE AND TO DEVELOP PROPERTY FOR THE PURPOSE OF LEASING SUCH PROPERTY TO OR DEVELOPING SUCH PROPERTY FOR THE SUPPORTED ORGANIZATIONS, ALL IN FURTHERANCE OF CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3).

    Expenses $166,643 · Revenue $41,791

As filed on the 2022 return.

Listed in Part VII

  • Gregg Croteau

    PRESIDENT

    Total calculated
    $182,939
    From this org
    $0
    From related orgs
    $182,086
    Other
    $853
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    not reported + $182,086 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $853 related
    Filer's total
    not reported + $182,939 related

  • Barbara Vlacich

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • John Digiovanni

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Juancarlos Rivera

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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.

  • UTEC INC

    501C3 · YOUTH DEVE · MA

    Directly controlled by NA

  • UTEC HUB INC

    501C3 · RENTAL · MA

    Directly controlled by UTEC INC

Provenance

Return type
form_990
Tax year
2022
Filed
15 May 2024
IRS schema version
2022v5.0
Source object
202421369349314312

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