Form 990 for tax year 2023

Filed by GERRISH TND INC.

Totals

Total revenue: $429,077
Total expenses: $416,509
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $429,028
Investment income: $49
Other revenue: $0
Total assets, end of year: $2,581,869
Total liabilities, end of year: $2,530,425
Net assets or fund balances, end of year: $51,444
Program services expenses (Part IX): $416,509
Management and general expenses: $0
Fundraising expenses: $0
Program service expenses (Part III): $416,509

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.

Revenue

Part VIII, the statement of revenue.

2a · Program service revenue: RENTAL INCOME

total $429,028 · related or exempt $429,028
3 · Investment income

total $49 · excluded $49

Functional expenses

Part IX, the statement of functional expenses.

11c · Fees: accounting

total $24,760 · program services $24,760
13 · Office expenses

total $7,917 · program services $7,917
16 · Occupancy

total $254,201 · program services $254,201
20 · Interest

total $4,093 · program services $4,093
22 · Depreciation, depletion and amortization

total $80,643 · program services $80,643
23 · Insurance

total $6,771 · program services $6,771
24e · All other expenses

total $38,124 · program services $38,124

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $326,357 · end of year $139,943
4 · Accounts receivable

beginning of year $53,047 · end of year $142,764
9 · Prepaid expenses and deferred charges

beginning of year $4,284 · end of year $5,443
10a · Land, buildings and equipment: cost or other basis

$2,943,408
10b · Land, buildings and equipment: accumulated depreciation

$649,689
10c · Land, buildings and equipment, net

beginning of year $2,374,362 · end of year $2,293,719
17 · Accounts payable and accrued expenses

beginning of year $120,020 · end of year $145,416
23 · Secured mortgages and notes payable

beginning of year $2,256,407 · end of year $2,192,262
25 · Other liabilities

beginning of year $192,747 · end of year $192,747
27 · Net assets without donor restrictions

beginning of year $188,876 · end of year $51,444

Mission and programs · 2023

Mission

MAINTAINING AND LEASING A BUILDING CONSISTING OF 23,000 SQUARE FEET OF COMMERCIAL SPACE LOCATED IN CHELSEA, MASSACHUSETTS AS A STRATEGY FOR ENCOURAGEMENT OF NEIGHBORHOOD REHABILITATION AND REVITALIZATION WITHIN THE DESIGNATED PROGRAM NEIGHBORHOODS.

Activities or mission (Part I)

MAINTAINING AND LEASING A BUILDING CONSISTING OF 23,000 SQUARE FEET OF COMMERCIAL SPACE LOCATED IN CHELSEA, MASSACHUSETTS

IN ADDITION TO PROVIDING PROGRAM, HOUSING ADMINISTRATION AND MAINTENANCE FUNCTIONS, AND ADMINISTRATIVE SPACE TO THE NEIGHBORHOOD DEVELOPERS, LEASES WERE ALSO MAINTAINED WITH THE CHELSEA SCHOOL DEPARTMENT FOR HOUSING OF THEIR MAINTENANCE STAFF, AND THE FAMILY DOLLAR STORE, A LOW COST RETAIL OPERATION WHICH SEES SIGNIFICANT FOOT TRAFFIC FROM LOCAL NEIGHBORHOODS.

Expenses $416,509 · Revenue $429,028

As filed on the 2023 return.

Listed in Part VII

Faye DookharanFAYE DOOKHARAN

PRESIDENT

Total calculated

$0

Hours/week

1 + 1 related
Dakeya ChristmasDAKEYA CHRISTMAS

VICE PRESIDENT

Total calculated

$0

Hours/week

1 + 1 related
Charlene BauerCHARLENE BAUER

TREASURER

Total calculated

$0

Hours/week

1 + 1 related
Sandy MaynardSANDY MAYNARD

SECRETARY

Total calculated

$0

Hours/week

1 + 1 related
Peter HollandsPETER HOLLANDS

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
Kristen JanjarKRISTEN JANJAR

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
Orlando JaquezORLANDO JAQUEZ

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
Alice MurilloALICE MURILLO

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
Guadalupe PanamenoGUADALUPE PANAMENO

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
Mina JlilMINA JLIL

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 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.

THE NEIGHBORHOOD DEVELOPERS INC

501(C)(3) · TO DEVELOP AND PROVIDE LOW AND MODERATE INCOME HOUSING · MA

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.

JANUS HIGHLAND LIMITED PARTNERSHIP

TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME · MA
113 SPENCER LIMITED PARTNERSHIP

TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME · MA
SPENCER ROW LIMITED PARTNERSHIP

TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME · MA
HIGHLAND TERRACE LIMITED PARTNERSHIP

TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME · MA
525 BEACH STREET LIMITED PARTNERSHIP

TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME · MA
189 BROADWAY LIMITED PARTNERSHIP

TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME · MA
242 SPENCER LIMITED PARTNERSHIP

TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME · MA
TND HOMES I LLC

TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME · MA
SACHEM REVERE LLC

TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME · MA
ST THERESE 4 MM LLC

TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME · MA
CHELSEA LEGACY PORTFOLIO LLC

TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME · MA
ST THERESE 4 LLC

TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME · MA
ST THERESE 9 LLC

TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME · MA
25 SIXTH MM LLC

TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME · MA

Related corporations and trusts

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

CHELSEA HOMES I GP INC

C · TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE · MA
JANUS HIGHLAND GP INC

C · TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE · MA
113 SPENCER GP INC

C · TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE · MA
SPENCER ROW GP INC

C · TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE · MA
HIGHLAND TERRACE GP INC

C · TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE · MA
525 BEACH STREET GP INC

C · TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE · MA
189 BROADWAY GP INC

C · TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE · MA
TND HOMES I MM LLC

C · TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE · MA
242 SPENCER GP LLC

C · TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE · MA
SACHEM REVERE MM LLC

C · TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE · MA
ST THERESE 9 MM LLC

C · TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE · MA
1005 BROADWAY TND LLC

C · TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE · MA

Provenance

Return type: form_990
Tax year: 2023
Filed: 15 November 2024
IRS schema version: 2023v5.1
Source object: 202443209349325284

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