Form 990 for tax year 2023
Filed by TEN GAROFALO STREET CORPORATION.
Totals
- Total revenue
- $142,992
- Total expenses
- $432,799
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $142,992
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $9,538,709
- Total liabilities, end of year
- $11,591,698
- Net assets or fund balances, end of year
- -$2,052,989
- Program services expenses (Part IX)
- $432,799
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $432,799
Program services were 100.0% 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.
-
2a · Program service revenue: RENTAL REVENUE
total $142,992 · related or exempt $142,992
Functional expenses
Part IX, the statement of functional expenses.
-
13 · Office expenses
total $50,958 · program services $50,958
-
20 · Interest
total $153,774 · program services $153,774
-
22 · Depreciation, depletion and amortization
total $228,067 · program services $228,067
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $288,474 · end of year $288,474
-
10a · Land, buildings and equipment: cost or other basis
$10,872,999
-
10b · Land, buildings and equipment: accumulated depreciation
$1,622,764
-
10c · Land, buildings and equipment, net
beginning of year $9,478,302 · end of year $9,250,235
-
17 · Accounts payable and accrued expenses
beginning of year $453,949 · end of year $577,117
-
23 · Secured mortgages and notes payable
beginning of year $10,568,436 · end of year $10,650,000
-
25 · Other liabilities
beginning of year $507,573 · end of year $364,581
-
27 · Net assets without donor restrictions
beginning of year -$1,763,182 · end of year -$2,052,989
Mission and programs · 2023
Mission
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE ACTIVITIES (WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE) BENEFITTING, PERFORMING THE FUNCTION OF, AND CARRYING OUT THE PURPOSES OF NEIGHBORHEALTH CORPORATION.
-
THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE ACTIVITIES (WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE) BENEFITTING, PERFORMING THE FUNCTION OF, AND CARRYING OUT THE PURPOSES OF NEIGHBORHEALTH CORPORATION.
Expenses $432,799 · Revenue $142,992
As filed on the 2023 return.
Listed in Part VII
-
Rita SorrentoRITA SORRENTO
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Doris Virginia RubioDORIS VIRGINIA RUBIO
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Sandra CaggianoSANDRA CAGGIANO
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Lawrence F Keegan JrLAWRENCE F KEEGAN JR
ASSISTANT TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Jennifer C BlancoJENNIFER C BLANCO
CLERK
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Jean StaropoliJEAN STAROPOLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Allison EngALLISON ENG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Erika Wilkinson EsqERIKA WILKINSON ESQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Louis ScapicchioLOUIS SCAPICCHIO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Nancy M ChristoffNANCY M CHRISTOFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Frank M RamirezFRANK M RAMIREZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Josefina SilvaJOSEFINA SILVA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Mayra Negron-RocheMAYRA NEGRON-ROCHE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Gregory WilmotGREGORY WILMOT
PRESIDENT & CEO
- Total calculated
- $663,535
- From this org
- $0
- From related orgs
- $608,923
- Other
- $54,612
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $466,173 related
- Bonus
- $0 + $142,750 related
- Other
- $0
- Deferred
- $0 + $27,365 related
- Nontaxable benefits
- $0 + $27,247 related
- Filer's total
- $0 + $663,535 related
-
James HazardJAMES HAZARD
CFO
- Total calculated
- $466,150
- From this org
- $0
- From related orgs
- $407,083
- Other
- $59,067
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $344,583 related
- Bonus
- $0 + $62,500 related
- Other
- $0
- Deferred
- $0 + $31,820 related
- Nontaxable benefits
- $0 + $27,247 related
- Filer's total
- $0 + $466,150 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
- THE COMPENSATION FOR THE PRESIDENT & CEO IS GOVERNED AND OVERSEEN BY THE BOARD OF DIRECTORS OF NEIGHBORHEALTH CORPORATION. THE BOARD OF NEIGHBORHEALTH HAS ESTABLISHED A COMPENSATION COMMITTEE, MADE UP OF DISINTERESTED TRUSTEES, WHO ARE GIVEN THE AUTHORITY TO ESTABLISH COMPENSATION FOR THE PRESIDENT & CEO . THE COMPENSATION COMMITTEE PERFORMS ANNUAL REVIEWS AND APPROVES EXECUTIVE COMPENSATION FOR THE PRESIDENT & CEO. THE COMPENSATION COMMITTEE HIRES INDEPENDENT, OUTSIDE COMPENSATION CONSULTANTS TO ADVISE THE COMMITTEE ON THE REASONABLENESS OF THE OVERALL EXECUTIVE COMPENSATION.
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.
-
501(C)(3) · HEALTHCARE · MA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 13 August 2025
- IRS schema version
- 2023v6.0
- Source object
- 202512259349300346
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