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Nonprofiteer
← BOSTON HOMEOWNER SERVICES COLLABORATIVE INC

Form 990 for tax year 2024

Filed by BOSTON HOMEOWNER SERVICES COLLABORATIVE INC.

Totals

Total revenue
$257,346
Total expenses
$757,440
Contributions and grants received
$245,421
Grants paid
$500,000
Program service revenue
$9,596
Investment income
$0
Other revenue
$2,329
Total assets, end of year
$522,545
Total liabilities, end of year
$49,785
Net assets or fund balances, end of year
$472,760
Program services expenses (Part IX)
$512,019
Management and general expenses
$245,421
Fundraising expenses
$0
Program service expenses (Part III)
$512,019

Program services were 67.6% 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.

  • 1d · Related organizations

    $245,421

  • 2a · Program service revenue: MORTGAGE LOAN INTEREST

    total $9,596 · related or exempt $9,596

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $2,329 · related or exempt $2,329

  • 11e · Other revenue, total

    $2,329

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $500,000 · program services $500,000

  • 24a · Other expenses: GENERAL & ADMINISTRATIV

    total $245,421 · management and general $245,421

  • 24b · Other expenses: LOAN PROGRAMS EXPENSE

    total $12,019 · program services $12,019

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $388,155 · end of year $74,269

  • 4 · Accounts receivable

    beginning of year $21,203

  • 13 · Investments: program-related

    beginning of year $450,433 · end of year $448,276

  • 15 · Other assets

    beginning of year $120,449 · end of year $0

  • 25 · Other liabilities

    beginning of year $7,386 · end of year $49,785

  • 27 · Net assets without donor restrictions

    beginning of year -$79,806 · end of year $472,760

  • 28 · Net assets with donor restrictions

    beginning of year $1,052,660 · end of year $0

Mission and programs · 2024

Mission

BOSTON HOMEOWNER SERVICES COLLABORATIVE, INC. IS A NONPROFIT CORPORATION ESTABLISHED TO ENCOURAGE COOPERATIVE EFFORTS BY DIVERSE ELEMENTS OF BOSTON, MASSACHUSETTS TO COMBAT THE DECLINE AND DECAY OF THE NEIGHBORHOODS WITHIN THE CITY.

  • AFFORDABLE HOUSING LENDING

    Expenses $512,019 · Grants $500,000 · Revenue $11,925

As filed on the 2024 return.

Listed in Part VII

  • Paul Black

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25 + 2.5 related

  • Leighton Richardson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25 + 2.5 related

  • Brian Welch

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25 + 2.5 related

  • Lorraine Payne Wheeler

    CLERK

    Total calculated
    $0
    Hours/week
    0.25 + 2.5 related

  • Kimberly Lyle

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $284,712
    From this org
    $0
    From related orgs
    $240,750
    Other
    $43,962
    Hours/week
    0.1 + 37.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $230,750 related
    Bonus
    $0 + $10,000 related
    Other
    $0
    Deferred
    $0 + $12,037 related
    Nontaxable benefits
    $0 + $31,925 related
    Filer's total
    $0 + $284,712 related

  • Sharat Anant Somashekara

    DIRECTOR OF FINANCE

    Total calculated
    $148,466
    From this org
    $0
    From related orgs
    $122,417
    Other
    $26,049
    Hours/week
    0.1 + 37.4 related

  • Susan Chu

    DIRECTOR OF REAL ESTATE DEVELOPMENT

    Total calculated
    $218,499
    From this org
    $0
    From related orgs
    $181,003
    Other
    $37,496
    Hours/week
    0.1 + 37.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $177,003 related
    Bonus
    $0 + $4,000 related
    Other
    $0
    Deferred
    $0 + $9,050 related
    Nontaxable benefits
    $0 + $28,446 related
    Filer's total
    $0 + $218,499 related

  • Samariah Batts-Speller

    DIRECTOR OF PEOPLE & CULTURE

    Total calculated
    $194,138
    From this org
    $0
    From related orgs
    $166,041
    Other
    $28,097
    Hours/week
    0.1 + 37.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,041 related
    Bonus
    $0 + $2,000 related
    Other
    $0
    Deferred
    $0 + $8,302 related
    Nontaxable benefits
    $0 + $19,795 related
    Filer's total
    $0 + $194,138 related

  • William Riordan

    ACCOUNTING MANAGER

    Total calculated
    $186,822
    From this org
    $0
    From related orgs
    $133,700
    Other
    $53,122
    Hours/week
    0.1 + 37.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $127,500 related
    Bonus
    $0 + $6,200 related
    Other
    $0
    Deferred
    $0 + $6,685 related
    Nontaxable benefits
    $0 + $46,437 related
    Filer's total
    $0 + $186,822 related

  • Shermaine Thompson

    ASSOCIATE DIRECTOR OF ACCOUNTING

    Total calculated
    $179,199
    From this org
    $0
    From related orgs
    $146,589
    Other
    $32,610
    Hours/week
    0.1 + 37.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $138,389 related
    Bonus
    $0 + $8,200 related
    Other
    $0
    Deferred
    $0 + $7,329 related
    Nontaxable benefits
    $0 + $25,281 related
    Filer's total
    $0 + $179,199 related

  • Brenda Guerra Segura

    CREDIT OFFICER / PORTFOLIO MANAGER

    Total calculated
    $170,632
    From this org
    $0
    From related orgs
    $135,960
    Other
    $34,672
    Hours/week
    0.1 + 37.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $129,960 related
    Bonus
    $0 + $6,000 related
    Other
    $0
    Deferred
    $0 + $6,798 related
    Nontaxable benefits
    $0 + $27,874 related
    Filer's total
    $0 + $170,632 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
ALL COMPENSATION IS PAID BY RELATED ORGANIZATION DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION. THE HUMAN RESOURCES DIRECTOR OF DORCHESTER BAY ECONOMIC DEVELOPMENT CORPORATION USES MARKET DATA FROM RELEVANT PERSONNEL ALONG WITH INPUTS FROM OTHER COMPENSATION SPECIALISTS.

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

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.

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.

  • 150 MAGNOLIA LP

    N/A · OWNS 25 UNITS OF RESIDENTIAL REAL PROPERTY · MA

  • BRUNSWICK HOLBORN TWO LP

    N/A · OWNS 49 UNITS OF RESIDENTIAL REAL PROPERTY · MA

  • CEYLON FIELD LP

    N/A · OWNS 62 UNITS OF RESIDENTIAL REAL PROPERTY · MA

  • COLUMBIA WOOD TWO LP

    N/A · OWNS 49 UNITS OF RESIDENTIAL REAL PROPERTY · MA

  • COTTAGE BROOK APARTMENTS LP

    N/A · OWNS 147 UNITS OF RESIDENTIAL REAL PROPERTY · MA

  • COTTAGE BROOK HOUSING LP

    N/A · RESIDENTIAL REAL ESTATE · MA

  • DB UPHAMS LP

    N/A · OWNS 36 UNITS OF RESIDENTIAL REAL PROPERTY · MA

  • DUDLEY VILLAGE NORTH COMMERCIAL LLC

    N/A · COMMERCIAL REAL ESTATE · MA

  • DUDLEY VILLAGE NORTH LP

    N/A · OWNS 24 UNITS OF RESIDENTIAL REAL PROPERTY · MA

  • DUDLEY VILLAGE SOUTH LP

    N/A · OWNS 26 UNITS OF RESIDENTIAL REAL PROPERTY · MA

  • GENEVA APARTMENTS LLC

    N/A · RESIDENTIAL REAL ESTATE · MA

  • GLENDALE ASSOCIATES LIMITED PARTNERSHIP

    N/A · OWNS 134 UNITS OF RESIDENTIAL PROPERTY IN DORCHESTER · MA

  • QUINCY HEIGHTS LP

    N/A · RESIDENTIAL REAL ESTATE · MA

  • WILDER GARDENS LP

    N/A · OWNS 61 UNITS OF RESIDENTIAL REAL PROPERTY · MA

  • DB PIERCE LLC

    N/A · COMMERCIAL REAL ESTATE · MA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • 150 MAGNOLIA CORP

    C · PROJECT DEVELOPMENT · MA

  • BRUNSWICK HOLBORN HOUSING INC

    C · PROJECT DEVELOPMENT · MA

  • CEYLON FIELD INC

    C · PROJECT DEVELOPMENT · MA

  • COLUMBIA WOOD HOUSING INC

    C · PROJECT DEVELOPMENT · MA

  • DB COTTAGE BROOK INC

    C · PROJECT DEVELOPMENT · MA

  • DB INDUSTRIAL INC

    C · PROJECT DEVELOPMENT · MA

  • DB UPHAMS INC

    C · PROJECT DEVELOPMENT · MA

  • DBCB HOUSING INC

    C · PROJECT DEVELOPMENT · MA

  • DORCHESTER BAY DEVELOPMENT CORPORATION

    C · PROJECT DEVELOPMENT · MA

  • DV NORTH HOUSING INC

    C · PROJECT DEVELOPMENT · MA

  • DV SOUTH HOUSING INC

    C · PROJECT DEVELOPMENT · MA

  • GLENDALE PROPERTIES INC

    C · PROJECT DEVELOPMENT · MA

  • QHI HOUSING INC

    C · PROJECT DEVELOPMENT · MA

  • WILDER GARDENS INC

    C · PROJECT DEVELOPMENT · MA

  • LEYLAND SENIOR HOUSING MANAGER LLC

    C · PROJECT DEVELOPMENT · MA

  • DB PIERCE MM LLC

    C · PROJECT DEVELOPMENT · MA

  • INDIGO BLOCKER LLC

    C · PROJECT DEVELOPMENT · MA

  • DB DUDLEY TERRACE MM LLC

    C · PROJECT DEVELOPMENT · MA

  • INDIGO APARTMENTS MM LLC

    C · PROJECT DEVELOPMENT · MA

Provenance

Return type
form_990
Tax year
2024
Filed
21 October 2025
IRS schema version
2024v5.2
Source object
202542979349300244

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