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Nonprofiteer
← ASTOR ASSETS INC

Form 990 for tax year 2023

Filed by ASTOR ASSETS INC.

Totals

Total revenue
$1,013,118
Total expenses
$764,028
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$948,935
Investment income
$35,069
Other revenue
$29,114
Total assets, end of year
$6,174,145
Total liabilities, end of year
$5,503,927
Net assets or fund balances, end of year
$670,218
Program services expenses (Part IX)
$652,471
Management and general expenses
$111,557
Fundraising expenses
$0
Program service expenses (Part III)
$652,471

Program services were 85.4% 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: RENTAL INCOME

    total $948,935 · related or exempt $948,935

  • 3 · Investment income

    total $35,069 · excluded $35,069

  • 11a · Other revenue: INSURANCE GAIN

    total $25,000 · related or exempt $25,000

  • 11b · Other revenue: OTHER INCOME

    total $4,114 · related or exempt $4,114

  • 11e · Other revenue, total

    $29,114

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $95,748 · program services $95,748

  • 11b · Fees: legal

    total $7,788 · management and general $7,788

  • 11c · Fees: accounting

    total $13,210 · management and general $13,210

  • 11g · Fees: other

    total $118,269 · program services $53,119 · management and general $65,150

  • 12 · Advertising and promotion

    total $829 · program services $829

  • 13 · Office expenses

    total $25,409 · management and general $25,409

  • 16 · Occupancy

    total $378,167 · program services $378,167

  • 20 · Interest

    total $33,621 · program services $33,621

  • 22 · Depreciation, depletion and amortization

    total $77,576 · program services $77,576

  • 24a · Other expenses: BAD DEBTS

    total $11,284 · program services $11,284

  • 24b · Other expenses: MISCELLANEOUS

    total $2,127 · program services $2,127

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $134,092 · end of year $60,683

  • 2 · Savings and temporary cash investments

    beginning of year $42,031 · end of year $47,527

  • 4 · Accounts receivable

    beginning of year $18,608 · end of year $30,550

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,983 · end of year $11,470

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

    $5,737,785

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

    $882,672

  • 10c · Land, buildings and equipment, net

    beginning of year $4,932,689 · end of year $4,855,113

  • 15 · Other assets

    beginning of year $758,738 · end of year $1,168,802

  • 17 · Accounts payable and accrued expenses

    beginning of year $94,061 · end of year $117,757

  • 23 · Secured mortgages and notes payable

    beginning of year $5,294,346 · end of year $5,294,903

  • 25 · Other liabilities

    beginning of year $83,606 · end of year $91,267

  • 27 · Net assets without donor restrictions

    beginning of year $421,128 · end of year $670,218

Mission and programs · 2023

Mission

ASTOR ASSETS PROVIDES, OR HELPS MAKE AVAILABLE, HOUSING FOR INDIVIDUALS AND FAMILIES OF LOW AND MODERATE INCOME IN MASSACHUSETTS.

Activities or mission (Part I)

ASTOR ASSETS, INC. (ASTOR ASSETS) WAS ORGANIZED TO PROMOTE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS.

  • ASTOR ASSETS PROVIDES, OR HELPS MAKE AVAILABLE, HOUSING FOR INDIVIDUALS AND FAMILIES OF LOW AND MODERATE INCOME IN MASSACHUSETTS.

    Expenses $652,471 · Revenue $978,049

As filed on the 2023 return.

Listed in Part VII

  • Leah Camhi

    CLERK (UNTIL 11/2023)

    Total calculated
    $174,873
    From this org
    $0
    From related orgs
    $165,464
    Other
    $9,409
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $165,464 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,263 related
    Nontaxable benefits
    $0 + $1,146 related
    Filer's total
    $0 + $174,873 related

  • Greg Paulson Haig

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1 + 2.3 related

  • Timothy Coakley

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 2.3 related

  • Nikki Flionis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 2.3 related

  • Suneeth John

    CLERK (AS OF 11/2023)

    Total calculated
    $180,733
    From this org
    $0
    From related orgs
    $173,199
    Other
    $7,534
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $173,199 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,054 related
    Nontaxable benefits
    $0 + $1,480 related
    Filer's total
    $0 + $180,733 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

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.

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 corporations and trusts

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

  • 110 PETERBOROUGH GP INC

    C · LOW INCOME HOUSING · MA

  • BURBANK GARDENS APARTMENTS MM LLC

    C · LOW INCOME HOUSING · MA

  • NS APARTMENTS MM LLC

    C · LOW INCOME HOUSING · MA

  • BURBANK TERRACE MM LLC

    C · LOW INCOME HOUSING · MA

Provenance

Return type
form_990
Tax year
2023
Filed
25 October 2024
IRS schema version
2023v5.1
Source object
202413029349301021

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