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Nonprofiteer
← CASTLE SQUARE TENANTS ORGANIZATION INC

Form 990 for tax year 2023

Filed by CASTLE SQUARE TENANTS ORGANIZATION INC.

Totals

Total revenue
$5,290,207
Total expenses
$2,065,854
Contributions and grants received
$193,108
Grants paid
$0
Program service revenue
$4,745,596
Investment income
$350,315
Other revenue
$1,188
Total assets, end of year
$47,656,392
Total liabilities, end of year
$20,335,246
Net assets or fund balances, end of year
$27,321,146
Program services expenses (Part IX)
$1,016,608
Management and general expenses
$1,049,246
Fundraising expenses
$0
Program service expenses (Part III)
$1,016,608

Program services were 49.2% 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.

  • 1b · Membership dues

    $3,295

  • 1e · Government grants (contributions)

    $172,163

  • 1f · All other contributions, gifts and grants

    $17,650

  • 2a · Program service revenue: MANAGEMENT SERVICES

    total $4,171,698 · related or exempt $4,171,698

  • 2b · Program service revenue: REIMBURSED EXPENSES

    total $486,218 · related or exempt $486,218

  • 2c · Program service revenue: PROGRAM USER FEES

    total $64,430 · related or exempt $64,430

  • 2d · Program service revenue: PARKING FEES

    total $23,250 · related or exempt $23,250

  • 3 · Investment income

    total $689,145 · excluded $689,145

  • 7a · Gross sales of assets other than inventory

    securities $2,625,919

  • 7b · Less cost or other basis and sales expenses

    securities $2,964,749

  • 7c · Gain or loss

    securities -$338,830

  • 7d · Net gain or loss

    total -$338,830 · excluded -$338,830

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $1,188 · related or exempt $1,188

  • 11e · Other revenue, total

    $1,188

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $119,739 · program services $35,922 · management and general $83,817

  • 7 · Other salaries and wages

    total $801,604 · program services $651,605 · management and general $149,999

  • 9 · Other employee benefits

    total $65,631 · program services $34,485 · management and general $31,146

  • 10 · Payroll taxes

    total $61,682 · program services $42,316 · management and general $19,366

  • 11a · Fees: management

    total $73,665 · management and general $73,665

  • 11b · Fees: legal

    total $20,752 · program services $18,172 · management and general $2,580

  • 11c · Fees: accounting

    total $232,748 · management and general $232,748

  • 11f · Fees: investment management

    total $270,026 · management and general $270,026

  • 11g · Fees: other

    total $155,985 · program services $36,413 · management and general $119,572

  • 12 · Advertising and promotion

    total $5,201 · program services $1,811 · management and general $3,390

  • 13 · Office expenses

    total $26,954 · program services $16,334 · management and general $10,620

  • 16 · Occupancy

    total $12 · management and general $12

  • 17 · Travel

    total $256 · program services $72 · management and general $184

  • 19 · Conferences, conventions and meetings

    total $14,290 · program services $8,716 · management and general $5,574

  • 22 · Depreciation, depletion and amortization

    total $11,872 · management and general $11,872

  • 24a · Other expenses: COMMUNITY ACTIVITIES

    total $197,144 · program services $170,466 · management and general $26,678

  • 24b · Other expenses: BANQUETS

    total $5,970 · management and general $5,970

  • 24c · Other expenses: GRATUITY

    total $1,581 · program services $200 · management and general $1,381

  • 24d · Other expenses: MISCELLANEOUS

    total $646 · management and general $646

  • 24e · All other expenses

    total $96 · program services $96

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $315,726 · end of year $567,576

  • 4 · Accounts receivable

    beginning of year $238,943 · end of year $234,963

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,560 · end of year $1,820

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

    $224,051

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

    $146,895

  • 10c · Land, buildings and equipment, net

    beginning of year $89,028 · end of year $77,156

  • 11 · Investments: publicly traded securities

    beginning of year $10,200,629 · end of year $11,545,250

  • 12 · Investments: other securities

    beginning of year $21,351 · end of year $25,290

  • 15 · Other assets

    beginning of year $29,708,042 · end of year $35,204,337

  • 17 · Accounts payable and accrued expenses

    beginning of year $81,255 · end of year $101,183

  • 25 · Other liabilities

    beginning of year $20,234,063 · end of year $20,234,063

  • 27 · Net assets without donor restrictions

    beginning of year $20,240,617 · end of year $27,250,503

  • 28 · Net assets with donor restrictions

    beginning of year $19,344 · end of year $70,643

Mission and programs · 2023

Mission

CASTLE SQUARE TENANTS ORGANIZATION'S MISSION IS TO PROMOTE THE ECONOMIC, EDUCATIONAL AND SOCIAL EMPOWERMENT OF LOW AND MODERATE INCOME INDIVIDUALS BY PROVIDING ACCESS TO SAFE, QUALITY AFFORDABLE HOUSING AND SUPPORTIVE DIRECT SERVICE PROGRAMS.

  • CASTLE SQUARE TENANTS ORGANIZATION'S PROGRAMS PROMOTE THE ECONOMIC, EDUCATIONAL AND SOCIAL EMPOWERMENT OF LOW AND MODERATE INCOME INDIVIDUALS AND PROVIDE ACCESS TO SAFE, QUALITY AFFORDABLE HOUSING.

    Expenses $1,016,608 · Revenue $4,746,784

As filed on the 2023 return.

Listed in Part VII

  • Ann Moy

    PRESIDENT

    Total calculated
    $0
    Hours/week
    25 + 2 related

  • Terrance Woolfork

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    7 + 2 related

  • Yvonne Holmes

    TREASURER

    Total calculated
    $0
    Hours/week
    7 + 2 related

  • Nhi Le Tang

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Hui Ling Chen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    12

  • Vernon Mills

    DIRECTOR

    Total calculated
    $0
    Hours/week
    7

  • Eneida Lebron

    DIRECTOR

    Total calculated
    $0
    Hours/week
    7

  • Deborah Backus-Gilchrist

    EXECUTIVE DIRECTOR

    Total calculated
    $119,739
    From this org
    $119,739
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 2 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.

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.

  • CSTO WINN MANAGER LLC

    MANAGE MULTI FAMILY LOW INCOME HOUSING PROPERTY · MA · 51% owned · share of income $3,103,105 · share of assets $4,614 · general or managing partner

    Directly controlled by CSTO SUBSIDIARY LLC

  • CSTO WINN DEVELOPER LLC

    DEVELOP MULTI FAMILY LOW INCOME HOUSING PROPERTY · MA · 51% owned · share of income $177,339 · share of assets $41,764 · general or managing partner

    Directly controlled by CASTLE SQUARE TENANTS ORGANIZATION INC

Related corporations and trusts

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

  • CSTO SUBSIDIARY LLC

    C · DEVELOPER OF HOUSING PROJECT · MA · 100% owned · share of income $3,152,249 · share of assets $15,621,750 · controlled entity

    Directly controlled by CASTLE SQAURE TENANTS ORGANIZATION

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202413149349300826

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