Totals
- Total revenue
- $238,247
- Total expenses
- $267,585
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $113,732
- Investment income
- $0
- Other revenue
- $124,515
- Total assets, end of year
- $5,550,293
- Total liabilities, end of year
- $5,878,755
- Net assets or fund balances, end of year
- -$328,462
- Program services expenses (Part IX)
- $202,790
- Management and general expenses
- $64,795
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $202,790
Program services were 75.8% 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 $113,732 · related or exempt $113,732
-
11a · Other revenue: MISCELLANEOUS
total $124,515 · related or exempt $124,515
-
11e · Other revenue, total
$124,515
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $54,733 · management and general $54,733
-
11c · Fees: accounting
total $3,500 · management and general $3,500
-
11g · Fees: other
total $58,900 · program services $58,900
-
16 · Occupancy
total $38,002 · program services $38,002
-
20 · Interest
total $43,776 · program services $43,776
-
22 · Depreciation, depletion and amortization
total $55,364 · program services $55,364
-
23 · Insurance
total $6,562 · management and general $6,562
-
24a · Other expenses: MISCELLANEOUS
total $6,748 · program services $6,748
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $31,653 · end of year $13,288
-
2 · Savings and temporary cash investments
beginning of year $20,728 · end of year $9,666
-
4 · Accounts receivable
beginning of year $8,970
-
9 · Prepaid expenses and deferred charges
beginning of year $580 · end of year $2,580
-
10a · Land, buildings and equipment: cost or other basis
$2,763,146
-
10b · Land, buildings and equipment: accumulated depreciation
$1,083,280
-
10c · Land, buildings and equipment, net
beginning of year $1,735,230 · end of year $1,679,866
-
15 · Other assets
beginning of year $3,707,567 · end of year $3,844,893
-
17 · Accounts payable and accrued expenses
beginning of year $293,213 · end of year $162,877
-
23 · Secured mortgages and notes payable
beginning of year $920,831 · end of year $2,416,608
-
25 · Other liabilities
beginning of year $4,589,808 · end of year $3,299,270
-
27 · Net assets without donor restrictions
beginning of year -$299,124 · end of year -$328,462
Mission and programs · 2023
Mission
THE DEVELOPMENT OF LOW AND MODERATE INCOME HOUSING PROJECTS.
Activities or mission (Part I)
THE DEVELOPMENT OF LOW AND MODERATE INCOME HOUSING PROJECTS
-
DEVELOPMENT OF LOW AND MODERATE INCOME HOUSING PROJECTS.
Expenses $202,790 · Revenue $238,247
As filed on the 2023 return.
Listed in Part VII
-
David BryantDAVID BRYANT
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.25 + 1.25 related
-
Orlando PachecoORLANDO PACHECO
PRESIDENT (UNTIL 8/2023)
- Total calculated
- $0
- Hours/week
- 0.25 + 1.25 related
-
Celsa Moreno-BarkerCELSA MORENO-BARKER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.25 + 1.25 related
-
Megan ReagonMEGAN REAGON
TREASURER
- Total calculated
- $0
- Hours/week
- 0.25 + 1.25 related
-
Robert SchmidtROBERT SCHMIDT
SECRETARY/ CLERK
- Total calculated
- $0
- Hours/week
- 0.25 + 1.25 related
-
Ana AlonzoANA ALONZO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25 + 1.25 related
-
Monica BarreraMONICA BARRERA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25 + 1.25 related
-
Nina Gaeta ColettaNINA GAETA COLETTA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25 + 1.25 related
-
Catherine McCandlessCATHERINE MCCANDLESS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25 + 1.25 related
-
David VillaneuvaDAVID VILLANEUVA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.25 + 1.25 related
-
Karla ReyesKARLA REYES
BOARD MEMBER (UNTIL 9/2023)
- Total calculated
- $0
- Hours/week
- 0.25 + 1.25 related
-
Rick HighRICK HIGH
BOARD MEMBER (UNTIL 1/2023)
- Total calculated
- $0
- Hours/week
- 0.25 + 1.25 related
-
Philip GiffeePHILIP GIFFEE
EXECUTIVE DIRECTOR
- Total calculated
- $214,416
- From this org
- $0
- From related orgs
- $181,666
- Other
- $32,750
- Hours/week
- 0.25 + 38.5 related
Schedule J breakdown matched by us
- Base
- $0 + $181,666 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $32,750 related
- Filer's total
- $0 + $214,416 related
-
Linda Miller-FosterLINDA MILLER-FOSTER
DIRECTOR OF ADMINISTRATION AND FUNDRAISING
- Total calculated
- $137,599
- From this org
- $0
- From related orgs
- $125,360
- Other
- $12,239
- Hours/week
- 0.25 + 38.5 related
-
Vinny QualtieriVINNY QUALTIERI
DIRECTOR OF FINANCE & ADMIN
- Total calculated
- $130,158
- From this org
- $0
- From related orgs
- $119,480
- Other
- $10,678
- Hours/week
- 0.25 + 38.5 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
The filer's explanations (Part III)
- PART I, LINE 3
- RELATED ORGANIZATION NEIGHBORHOOD OF AFFORDABLE HOUSING INC. (NOAH) PROVIDES COMPENSATION TO ALL EMPLOYEES. THE NOAH BOARD REVIEWS AND EXAMINES ALL INFORMATION PRESENTED BY THE BOARD PRESIDENT AND EXECUTIVE COMMITTEE AFTER REVIEW OF THE EXECUTIVE DIRECTOR.
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.
-
501(C)(2) · RENTAL PROPERTIES FOR LOW TO MODERATE INCOME FAMILIES · MA
Directly controlled by NOAH
-
NOAH COMMUNITY DEVELOPMENT FUND INC
501(C)(3) · PROVIDES LOANS AND COUNSELING TO LOW/MODERATE INCOME FAMILIES · MA
Directly controlled by NOAH
-
NEIGHBORHOOD OF AFFORDABLE HOUSING INC
501(C)(3) · PROVIDES SERVICES FOR HOUSING NEEDS · MA
-
501(C)(3) · MANAGING MEMBER OF A LIMITED PARTNERSHIP · MA
Directly controlled by NOAH
-
501(C)(2) · RENTAL PROPERTIES FOR LOW TO MODERATE INCOME FAMILIES · MA
Directly controlled by NOAH
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.
-
STEVENS CORNER LP
N/A · RENTAL OF RESIDENTIAL HOUSING UNITS · MA
-
BENFIELD FARMS LP
N/A · RENTAL OF RESIDENTIAL HOUSING UNITS · MA
-
SITKOWSKI LIMITED PARTNERSHIP
N/A · RENTAL OF RESIDENTIAL HOUSING UNITS · MA
-
SHOE SHOP LP
N/A · RENTAL OF RESIDENTIAL HOUSING UNITS · MA
-
COPPERSMITH VILLAGE RENTAL LP
N/A · RENTAL OF RESIDENTIAL HOUSING UNITS · MA
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
STEVEN'S CORNER GP INC
C · MANAGING MEMBER OF A LIMITED PARTNERSHIP · MA
Directly controlled by NOAH
-
BENFIELD GP LLC
C · MANAGING MEMBER OF A LIMITED PARTNERSHIP · MA
Directly controlled by NOAH
-
SITKOWSKI GP LLC
C · MANAGING MEMBER OF A LIMITED PARTNERSHIP · MA
Directly controlled by NOAH
-
SHOE SHOP GP LLC
C · MANAGING MEMBER OF A LIMITED PARTNERSHIP · MA
Directly controlled by NOAH
-
COPPERSMITH VILLAGE RENTAL GP LLC
C · MANAGING MEMBER OF A LIMITED PARTNERSHIP · MA
Directly controlled by NOAH
-
UNION BLOCK RENTAL GP LLC
C · MANAGING MEMBER OF A LIMITED PARTNERSHIP · MA
Directly controlled by NOAH
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442289349301909
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