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Nonprofiteer
← Center Realty Trust of North Andover

Form 990 for tax year 2023

Filed by Center Realty Trust of North Andover.

Totals

Total revenue
$33,903
Total expenses
$47,704
Contributions and grants received
$0
Grants paid
$30,000
Program service revenue
$0
Investment income
$0
Other revenue
$33,903
Total assets, end of year
$938,576
Total liabilities, end of year
$2,008
Net assets or fund balances, end of year
$936,568
Program services expenses (Part IX)
$40,623
Management and general expenses
$7,081
Fundraising expenses
$0
Program service expenses (Part III)
$40,623

Program services were 85.2% 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.

  • 6a · Gross rents

    real property $102,484

  • 6b · Less rental expenses

    real property $68,581

  • 6c · Rental income or loss

    real property $33,903

  • 6d · Net rental income or loss

    total $33,903 · related or exempt $33,903

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $30,000 · program services $30,000

  • 11b · Fees: legal

    total $218 · program services $131 · management and general $87

  • 11c · Fees: accounting

    total $5,025 · program services $3,015 · management and general $2,010

  • 24a · Other expenses: CONSULTING

    total $7,200 · program services $4,320 · management and general $2,880

  • 24b · Other expenses: BOOKKEEPING

    total $4,800 · program services $2,880 · management and general $1,920

  • 24c · Other expenses: MISCELLANEOUS FEES

    total $236 · program services $142 · management and general $94

  • 24d · Other expenses: LICENSES AND PERMITS

    total $210 · program services $126 · management and general $84

  • 24e · All other expenses

    total $15 · program services $9 · management and general $6

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $51,728 · end of year $55,062

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

    $1,281,922

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

    $404,542

  • 10c · Land, buildings and equipment, net

    beginning of year $900,977 · end of year $877,380

  • 15 · Other assets

    beginning of year $709 · end of year $6,134

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,095 · end of year $58

  • 19 · Deferred revenue

    beginning of year $1,950 · end of year $1,950

  • 29 · Capital stock, trust principal or current funds

    beginning of year $275,000 · end of year $275,000

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $675,368 · end of year $661,566

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

CENTER REALTY TRUST OF NORTH ANDOVER IS A WHOLY-OWNED SUBSIDIARY OF THE NORTH ANDOVER HISTORICAL SOCIETY. ITS PURPOSE IS TO PRESERVE THE HISTORIC LANDSCAPE OF CENTER VILLAGE. THE LOCATION OF THE ORIGINAL SETLLEMENT OF NORTH ANDOVER, MASSACHUSETTS.

  • THE TRUST'S PURPOSE IS TO PRESERVE THE HISTORIC LANDSCAPE OF CENTER VILLAGE, THE LOCATION OF THE ORIGINAL SETTLEMENT OF NORTH ANDOVER, MASSACHUSETTS. THE TRUST LEASES SEVERAL OF THE PROPERTIES IT HOLDS TITLE TO, AND THE PROCEEDS ARE USED TO PRESERVE OR RESTORE THE HISTORIC SIGNIFICANCE OF THE PROPERTIES AND/OR THE SURROUNDING LANDSCAPE OF CENTER VILLAGE.

    Expenses $40,623 · Grants $30,000 · Revenue $33,903

As filed on the 2023 return.

Listed in Part VII

  • James Worden

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Alexander Loth

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • David Kres

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

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

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
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349316408

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