Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $37,842

• 2a · Program service revenue: TENANT REVENUE

  total $25,583 · related or exempt $25,583

• 3 · Investment income

  total $23 · excluded $23

Functional expenses

Part IX, the statement of functional expenses.

• 11a · Fees: management

  total $4,712 · management and general $4,712

• 11c · Fees: accounting

  total $4,625 · management and general $4,625

• 11g · Fees: other

  total $2,769 · management and general $2,769

• 13 · Office expenses

  total $977 · management and general $977

• 16 · Occupancy

  total $30,935 · program services $30,935

• 22 · Depreciation, depletion and amortization

  total $29,830 · program services $29,830

• 23 · Insurance

  total $2,353 · program services $2,021 · management and general $332

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,357 · end of year $9,449

• 4 · Accounts receivable

  beginning of year $2,131 · end of year $2,670

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,640 · end of year $1,616

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

  $930,806

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

  $320,991

• 10c · Land, buildings and equipment, net

  beginning of year $639,645 · end of year $609,815

• 15 · Other assets

  beginning of year $45,633 · end of year $48,355

• 17 · Accounts payable and accrued expenses

  beginning of year $15,498 · end of year $7,876

• 19 · Deferred revenue

  beginning of year $1,257 · end of year $2,881

• 23 · Secured mortgages and notes payable

  beginning of year $281,394 · end of year $281,394

• 25 · Other liabilities

  beginning of year $656,614 · end of year $655,864

• 27 · Net assets without donor restrictions

  beginning of year -$263,357 · end of year -$276,110

The filer's explanations (Part III)

PART I, LINE 3:

ALL SALARIES ARE PAID BY RELATED ORGANIZATION SERVICENET, INC. THE PERSONNEL COMMITTEE OF THE BOARD OF DIRECTORS PERFORMS A THOROUGH ANALYSIS TO DETERMINE THE PREVAILING SALARY FOR THIS POSITION. THE INVESTIGATION INCLUDES REVIEWING ANNUAL REVENUE AND CEO SALARY AND BENEFIT INFORMATION OF OTHER HUMAN SERVICE AGENCIES. DATA SOURCES INCLUDE UNIFORM FINANCIAL REPORTS FILED WITH THE COMMONWEALTH OF MASSACHUSETTS (WHICH ARE AVAILABLE ONLINE), FORM 990S FILED WITH THE IRS (ALSO AVAILABLE ONLINE), AND SALARY/BENEFIT STUDIES PREPARED BY VARIOUS EMPLOYMENT SPECIALISTS AND TRADE ASSOCIATIONS IN THE HUMAN SERVICES INDUSTRY.