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Nonprofiteer
← EBECC LIBRARY INC

Form 990 for tax year 2023

Filed by EBECC LIBRARY INC.

Totals

Total revenue
$236,288
Total expenses
$232,155
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$235,678
Investment income
$610
Other revenue
$0
Total assets, end of year
$3,785,764
Total liabilities, end of year
$3,517,476
Net assets or fund balances, end of year
$268,288
Program services expenses (Part IX)
$208,619
Management and general expenses
$23,536
Fundraising expenses
$0
Program service expenses (Part III)
$208,619

Program services were 89.9% 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: NET RESIDENTIAL RENT

    total $144,979 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: TENANT REIMBURSEMENTS AND CAM CHARGES

    total $90,699 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $610 · unrelated business $0 · excluded $610

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $31,917 · program services $11,490 · management and general $20,427 · fundraising $0

  • 11c · Fees: accounting

    total $2,796 · program services $0 · management and general $2,796 · fundraising $0

  • 16 · Occupancy

    total $65,936 · program services $65,936 · management and general $0 · fundraising $0

  • 20 · Interest

    total $13,685 · program services $13,685 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $104,746 · program services $104,746 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $12,762 · program services $12,762 · management and general $0 · fundraising $0

  • 24a · Other expenses: MISCELLANEOUS ADMIN

    total $313 · program services $0 · management and general $313 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $103,823 · end of year $168,348

  • 2 · Savings and temporary cash investments

    beginning of year $81,660 · end of year $78,304

  • 4 · Accounts receivable

    beginning of year $36,062 · end of year $4,840

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,852 · end of year $10,830

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

    $3,726,372

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

    $326,742

  • 10c · Land, buildings and equipment, net

    beginning of year $3,493,121 · end of year $3,399,630

  • 14 · Intangible assets

    beginning of year $135,068 · end of year $123,812

  • 17 · Accounts payable and accrued expenses

    beginning of year $15,938 · end of year $17,225

  • 19 · Deferred revenue

    end of year $4,524

  • 25 · Other liabilities

    beginning of year $3,577,493 · end of year $3,495,727

  • 27 · Net assets without donor restrictions

    beginning of year $264,155 · end of year $268,288

Mission and programs · 2023

Mission

TO LEASE SPACE TO OTHER NON-PROFITS WITH SIMILAR COMMUNITY SERVICE ON OR BELOW MARKET RATES.

  • RAISE FUNDS AND SUPPORT THE FUNCTIONS OF AND CARRY OUT THE PURPOSES OF EBCDC, INC. AND EAST BOSTON ECUMENICAL COMMUNITY COUNCIL, AND TO BE OWNER OF PREMISES LOCATED AT 280-282 MERIDIAN STREET.

    Expenses $208,619 · Revenue $235,678

As filed on the 2023 return.

Listed in Part VII

  • Frank Ramirez

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • William Horne

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Albert Caldarelli

    TREASURER

    Total calculated
    $319,829
    From this org
    $0
    From related orgs
    $301,878
    Other
    $17,951
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $224,992
    Bonus
    $76,886
    Other
    $0
    Deferred
    $12,075
    Nontaxable benefits
    $5,876
    Filer's total
    $319,829

  • Salvatore Colombo

    DIRECTOR

    Total calculated
    $315,776
    From this org
    $0
    From related orgs
    $297,436
    Other
    $18,340
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $196,536
    Bonus
    $100,900
    Other
    $0
    Deferred
    $11,897
    Nontaxable benefits
    $6,443
    Filer's total
    $315,776

  • Albert Festa

    DIRECTOR

    Total calculated
    $297,947
    From this org
    $0
    From related orgs
    $281,565
    Other
    $16,382
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $196,536
    Bonus
    $85,029
    Other
    $0
    Deferred
    $11,262
    Nontaxable benefits
    $5,120
    Filer's total
    $297,947

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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202423189349309292

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