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Nonprofiteer
← CCBC PROPERTIES INC

Form 990 for tax year 2022

Filed by CCBC PROPERTIES INC.

Totals

Total revenue
$0
Total expenses
$170,406
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,635,054
Total liabilities, end of year
$3,686,500
Net assets or fund balances, end of year
-$1,051,446
Program services expenses (Part IX)
$170,406
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$170,406

Program services were 100.0% 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.

Functional expenses

Part IX, the statement of functional expenses.

  • 16 · Occupancy

    total $8,195 · program services $8,195

  • 22 · Depreciation, depletion and amortization

    total $162,176 · program services $162,176

  • 24a · Other expenses: FILING FEES

    total $35 · program services $35

Balance sheet

Part X, book values.

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

    $3,580,156

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

    $945,102

  • 10c · Land, buildings and equipment, net

    beginning of year $2,781,656 · end of year $2,635,054

  • 23 · Secured mortgages and notes payable

    beginning of year $1,997,326 · end of year $1,912,275

  • 25 · Other liabilities

    beginning of year $1,665,370 · end of year $1,774,225

  • 27 · Net assets without donor restrictions

    beginning of year -$881,040 · end of year -$1,051,446

Mission and programs · 2022

Mission

TO OWN, LEASE, AND MANAGE RESIDENTIAL PROPERTIES THAT SERVE COMMUNITY COUNSELING OF BRISTOL COUNTY, INC'S CLIENTS, INDIVIDUALS WITH DISABILITIES, AND OTHERS IN NEED OF AFFORDABLE HOUSING IN THE GREATER ATTLEBORO AND TAUNTON AREAS.

Activities or mission (Part I)

TO OWN, LEASE, AND MANAGE RESIDENTIAL PROPERTIES.

  • OWNERSHIP, LEASING, AND MANAGEMENT OF RESIDENTIAL PROPERTIES.

    Expenses $170,406

As filed on the 2022 return.

Listed in Part VII

  • William R Patterson III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Dan Lebrun

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Jann Alden

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 2 related

  • Joan Smith

    CLERK

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Robert Smith

    DIRECTOR (DECEASED)

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Donald Smyth

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.5 related

  • Philip Shea

    PRES & CEO(TO JAN. 2023)

    Total calculated
    $319,997
    From this org
    $0
    From related orgs
    $298,168
    Other
    $21,829
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $200,652 related
    Bonus
    $0 + $97,516 related
    Other
    $0
    Deferred
    $0 + $13,721 related
    Nontaxable benefits
    $0 + $8,108 related
    Filer's total
    $0 + $319,997 related

  • Andrea Klein-Yancho

    CFO

    Total calculated
    $160,437
    From this org
    $0
    From related orgs
    $135,648
    Other
    $24,789
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $135,648 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,378 related
    Nontaxable benefits
    $0 + $17,411 related
    Filer's total
    $0 + $160,437 related

  • Andrew Dawley

    COO(TO JAN.2023)&PRES&CEO

    Total calculated
    $182,539
    From this org
    $0
    From related orgs
    $156,554
    Other
    $25,985
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $136,554 related
    Bonus
    $0 + $20,000 related
    Other
    $0
    Deferred
    $0 + $8,378 related
    Nontaxable benefits
    $0 + $17,607 related
    Filer's total
    $0 + $182,539 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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
COMPENSATION OF THE RELATED ORGANIZATION'S PRESIDENT & CEO AND CFO IS SET BY A VOTE OF THE FULL BOARD OF DIRECTORS, ACTING ON THE RECOMMENDATION OF THE COMPENSATION COMMITTEE. THE COMPENSATION COMMITTEE MEETS AS NECESSARY IN ORDER TO PREPARE THAT RECOMMENDATION. COMPARABILITY DATA REVIEWED BY THE COMPENSATION COMMITTEE INCLUDES REGULAR ANNUAL SALARY, DEFERRED COMPENSATION AMOUNTS AND THE VALUE OF OTHER BENEFITS PROVIDED. THE COMPARABILITY DATA IS OBTAINED THROUGH SURVEYS AS WELL AS OTHER ORGANIZATIONS' FORM 990'S.

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
2022
Filed
7 March 2024
IRS schema version
2022v5.0
Source object
202420719349300817

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