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Nonprofiteer
← BREWERY DEVELOPMENT CO OF JAMAICA PLAIN

Form 990 for tax year 2022

Filed by BREWERY DEVELOPMENT CO OF JAMAICA PLAIN.

Totals

Total revenue
$3,558,118
Total expenses
$2,366,355
Contributions and grants received
$263,798
Grants paid
$0
Program service revenue
$2,867,151
Investment income
$3,328
Other revenue
$423,841
Total assets, end of year
$16,973,974
Total liabilities, end of year
$5,073,266
Net assets or fund balances, end of year
$11,900,708
Program services expenses (Part IX)
$2,335,466
Management and general expenses
$30,889
Fundraising expenses
$0
Program service expenses (Part III)
$2,335,466

Program services were 98.7% 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.

  • 1d · Related organizations

    $263,798

  • 2a · Program service revenue: RENTAL INCOME

    total $2,867,151 · related or exempt $2,867,151

  • 3 · Investment income

    total $3,328 · excluded $3,328

  • 11a · Other revenue: RECOVERY OF BAD DEBT

    total $242,311 · related or exempt $242,311

  • 11b · Other revenue: OTHER INCOME

    total $181,530 · related or exempt $181,530

  • 11e · Other revenue, total

    $423,841

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $266,167 · program services $266,167

  • 11b · Fees: legal

    total $5,065 · management and general $5,065

  • 11c · Fees: accounting

    total $25,824 · management and general $25,824

  • 11g · Fees: other

    total $236,190 · program services $236,190

  • 13 · Office expenses

    total $2,566 · program services $2,566

  • 16 · Occupancy

    total $1,029,919 · program services $1,029,919

  • 20 · Interest

    total $185,780 · program services $185,780

  • 22 · Depreciation, depletion and amortization

    total $512,308 · program services $512,308

  • 23 · Insurance

    total $101,753 · program services $101,753

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $783 · program services $783

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $580,241 · end of year $224,017

  • 2 · Savings and temporary cash investments

    beginning of year $2,053,845 · end of year $2,807,173

  • 4 · Accounts receivable

    beginning of year $112,477 · end of year $252,639

  • 7 · Other notes and loans receivable

    beginning of year $596,414 · end of year $596,414

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

    $22,325,179

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

    $11,944,669

  • 10c · Land, buildings and equipment, net

    beginning of year $10,393,160 · end of year $10,380,510

  • 15 · Other assets

    beginning of year $2,189,570 · end of year $2,713,221

  • 17 · Accounts payable and accrued expenses

    beginning of year $177,502 · end of year $238,456

  • 19 · Deferred revenue

    beginning of year $205,246 · end of year $151,984

  • 21 · Escrow or custodial account liability

    beginning of year $189,892 · end of year $176,892

  • 23 · Secured mortgages and notes payable

    beginning of year $4,281,384 · end of year $3,987,531

  • 25 · Other liabilities

    beginning of year $362,738 · end of year $518,403

  • 27 · Net assets without donor restrictions

    beginning of year $10,708,945 · end of year $11,900,708

Mission and programs · 2022

Mission

TO REHABILITATE AND MAINTAIN COMMERCIAL REAL ESTATE THAT HOUSES SMALL, LOCAL BUSINESSES WHICH CREATE JOB OPPORTUNITIES FOR AREA LOW INCOME PEOPLE.

  • TO REHABILITATE AND MAINTAIN COMMERCIAL REAL ESTATE THAT HOUSES SMALL, LOCAL BUSINESSES WHICH CREATE JOB OPPORTUNITIES FOR AREA LOW INCOME PEOPLE.

    Expenses $2,335,466 · Revenue $3,290,992

As filed on the 2022 return.

Listed in Part VII

  • Teronda Ellis

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $182,920
    From this org
    $0
    From related orgs
    $167,920
    Other
    $15,000
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,920 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $15,000 related
    Filer's total
    $0 + $182,920 related

  • Rebecca Mautner

    VP OF REAL ESTATE DEVELOPMENT

    Total calculated
    $148,836
    From this org
    $0
    From related orgs
    $133,836
    Other
    $15,000
    Hours/week
    1 + 40 related

  • Erika Guerra

    ASSOC. DIRECTOR OF RE

    Total calculated
    $133,794
    From this org
    $0
    From related orgs
    $118,794
    Other
    $15,000
    Hours/week
    1 + 40 related

  • Giovanny Valencia

    VP OF COMMUNITY PLANNING

    Total calculated
    $150,110
    From this org
    $0
    From related orgs
    $114,610
    Other
    $35,500
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $114,610 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $20,500 related
    Nontaxable benefits
    $0 + $15,000 related
    Filer's total
    $0 + $150,110 related

  • Solveig Swenson

    VP OF FUNDRAISING AND COMMUNICATIONS

    Total calculated
    $128,421
    From this org
    $0
    From related orgs
    $110,821
    Other
    $17,600
    Hours/week
    1 + 40 related

  • Dianne Maloney

    DIRECTOR OF FINANCE/ADMIN

    Total calculated
    $125,060
    From this org
    $0
    From related orgs
    $110,060
    Other
    $15,000
    Hours/week
    1 + 40 related

  • Christopher D'Antonio

    CONTROLLER

    Total calculated
    $124,682
    From this org
    $0
    From related orgs
    $109,682
    Other
    $15,000
    Hours/week
    1 + 40 related

  • David Troiano

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Mickey Shattow

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Charles Hills

    CLERK

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • William Perkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andy Waxman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Fitz Hugh

    DIRECTOR

    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

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
ANY COMPENSATION PROVIDED TO OFFICERS WAS PROVIDED BY A RELATED ORGANIZATION WHILE THEY SERVED AS OFFICERS OF THE ORGANIZATION DURING THE CALENDAR YEAR. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: * COMPENSATION SURVEY OR STUDY * APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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.

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.

  • CENTRE STREET RETAIL LLC

    RELATED · ACQUIRE, DEVELOP, LEASE & SELL PROPERTY · MA · 99.99% owned · share of income -$213,081 · share of assets $4,349,915

    Directly controlled by BREWERY DEVELOPMENT COMPANY OF JAMAICA PLAIN

Provenance

Return type
form_990
Tax year
2022
Filed
15 February 2024
IRS schema version
2022v5.0
Source object
202400469349303105

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