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Nonprofiteer
← MASSACHUSETTS AFFORDABLE HOMEOWNERSHIP ALLIANCE INC

Form 990 for tax year 2022

Filed by MASSACHUSETTS AFFORDABLE HOMEOWNERSHIP ALLIANCE INC.

Totals

Total revenue
$3,608,110
Total expenses
$1,974,885
Contributions and grants received
$3,495,080
Grants paid
$0
Program service revenue
$99,729
Investment income
$5,395
Other revenue
$7,906
Total assets, end of year
$7,079,806
Total liabilities, end of year
$1,313,826
Net assets or fund balances, end of year
$5,765,980
Program services expenses (Part IX)
$1,599,480
Management and general expenses
$254,936
Fundraising expenses
$120,469
Program service expenses (Part III)
$1,599,480

Program services were 81.0% 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.

  • 1c · Fundraising events

    $203,081

  • 1e · Government grants (contributions)

    $1,663,165

  • 1f · All other contributions, gifts and grants

    $1,628,834

  • 1g · Noncash contributions included above

    $5,324

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $56,504 · related or exempt $41,195 · unrelated business $15,309

  • 2b · Program service revenue: MEMBERSHIPS

    total $43,225 · related or exempt $43,225

  • 3 · Investment income

    total $5,395 · excluded $5,395

  • 6a · Gross rents

    real property $46,492

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $46,492

  • 6d · Net rental income or loss

    total $46,492 · unrelated business $34,492 · excluded $12,000

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $203,081

  • 8b · Fundraising events: direct expenses

    $39,436

  • 8c · Net income from fundraising events

    total -$39,436 · excluded -$39,436

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $850 · related or exempt $850

  • 11e · Other revenue, total

    $850

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $135,539 · program services $60,993 · management and general $33,885 · fundraising $40,661

  • 7 · Other salaries and wages

    total $821,822 · program services $743,705 · management and general $71,174 · fundraising $6,943

  • 9 · Other employee benefits

    total $85,504 · program services $72,780 · management and general $9,129 · fundraising $3,595

  • 10 · Payroll taxes

    total $80,885 · program services $67,997 · management and general $8,940 · fundraising $3,948

  • 11b · Fees: legal

    total $10,849 · management and general $10,849

  • 11c · Fees: accounting

    total $32,840 · management and general $32,840

  • 11d · Fees: lobbying

    total $27,357 · management and general $27,357

  • 11g · Fees: other

    total $216,203 · program services $148,958 · management and general $18,906 · fundraising $48,339

  • 12 · Advertising and promotion

    total $3,852 · program services $3,852

  • 13 · Office expenses

    total $16,862 · program services $10,117 · management and general $844 · fundraising $5,901

  • 16 · Occupancy

    total $18,843 · program services $17,897 · management and general $591 · fundraising $355

  • 19 · Conferences, conventions and meetings

    total $9,398 · program services $7,999 · management and general $1,399

  • 20 · Interest

    total $43,764 · program services $40,842 · management and general $2,922

  • 22 · Depreciation, depletion and amortization

    total $125,880 · program services $115,810 · management and general $6,294 · fundraising $3,776

  • 23 · Insurance

    total $8,851 · program services $8,142 · management and general $443 · fundraising $266

  • 24a · Other expenses: CLIENT DIRECT ASSISTANC

    total $162,025 · program services $162,025

  • 24b · Other expenses: EQUIPMENT RENTAL AND MA

    total $99,628 · program services $85,656 · management and general $7,287 · fundraising $6,685

  • 24c · Other expenses: MISCELLANEOUS

    total $29,048 · program services $24,267 · management and general $4,781

  • 24d · Other expenses: STIPENDS

    total $28,335 · program services $28,335

  • 24e · All other expenses

    total $17,400 · program services $105 · management and general $17,295

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $636,036 · end of year $753,232

  • 2 · Savings and temporary cash investments

    beginning of year $786,107 · end of year $1,865,556

  • 3 · Pledges and grants receivable

    beginning of year $399,400 · end of year $217,100

  • 4 · Accounts receivable

    beginning of year $256,457 · end of year $870,554

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,485 · end of year $28,063

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

    $5,132,745

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

    $1,865,097

  • 10c · Land, buildings and equipment, net

    beginning of year $3,366,528 · end of year $3,267,648

  • 15 · Other assets

    beginning of year $39,678 · end of year $77,653

  • 17 · Accounts payable and accrued expenses

    beginning of year $112,092 · end of year $121,427

  • 23 · Secured mortgages and notes payable

    beginning of year $1,256,844 · end of year $1,192,399

  • 27 · Net assets without donor restrictions

    beginning of year $2,768,800 · end of year $3,244,522

  • 28 · Net assets with donor restrictions

    beginning of year $1,363,955 · end of year $2,521,458

Mission and programs · 2022

Mission

MAHA EDUCATES AND MOBILIZES TO INCREASE AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES, BREAK DOWN BARRIERS FACING FIRST-TIME AND FIRST-GENERATION HOMEBUYERS, AND CLOSE THE RACIAL WEALTH AND HOMEOWNERSHIP GAPS.

Activities or mission (Part I)

MASSACHUSETTS AFFORDABLE HOUSING ALLIANCE, INC. (MAHA) EDUCATES AND MOBILIZES TO INCREASE AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES, BREAK DOWN BARRIERS FACING FIRST-TIME AND FIRST-GENERATION HOMEBUYERS, AND CLOSE THE RACIAL WEALTH AND HOMEOWNERSHIP GAPS.

  • PROVISION OF HOMEBUYER AND HOMEOWNERSHIP EDUCATION PROGRAMS TO LOW AND MODERATE INCOME CONSUMERS IN THE BOSTON AREA INCLUDING A MATCHED SAVINGS PROGRAM FOR FIRST-GENERATION HOMEBUYERS, AS WELL AS ORGANIZING GRASSROOTS SUPPORT FOR AFFORDABLE HOUSING AND CONDUCTING RESEARCH ON IMPORTANT HOUSING ISSUES. PUBLICIZE AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES THROUGH A HOST WEBSITE WITH LISTING OF ALL AFFORDABLE HOMEOWNERSHIP UNITS IN MASSACHUSETTS. IN FISCAL YEAR 2023, MAHA GRADUATED 3,551 PEOPLE FROM 51 DIFFERENT HOMEBUYER AND HOMEOWNER EDUCATION CLASSES. MAHA ALSO PROVIDES SERVICES TO HOMEOWNERS THROUGH THE HOMEOWNERSHIP ASSISTANCE FUND.

    Expenses $1,599,480 · Revenue $85,270

As filed on the 2022 return.

Listed in Part VII

  • Symone Crawford

    EXECUTIVE DIRECTOR

    Total calculated
    $131,627
    From this org
    $129,319
    From related orgs
    $0
    Other
    $2,308
    Hours/week
    40

  • Ashley Carvalho

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Thadine Brown

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Jim Campen

    TREASURER/ AUDIT COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Lucille Andrew Marius

    CLERK

    Total calculated
    $0
    Hours/week
    1

  • Grady Eason

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Esther Dupie

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ed Frechette

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Acia Adams-Heath

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Karen Glass

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carlos Vargas

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Latanya Ramsey

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sonia Allon-Singh

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kenzie Bok

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Shannon O'Malley

    MEMBER

    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
24 October 2023
IRS schema version
2022v5.0
Source object
202333039349302073

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