Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $20,000

• 2a · Program service revenue: RENTAL INCOME

  total $3,676,585 · related or exempt $3,676,585

• 3 · Investment income

  total $123,979 · excluded $123,979

• 11a · Other revenue: OTHER INCOME

  total $68,008 · related or exempt $68,008

• 11e · Other revenue, total

  $68,008

Functional expenses

Part IX, the statement of functional expenses.

• 11a · Fees: management

  total $657,476 · management and general $657,476

• 11b · Fees: legal

  total $55,154 · management and general $55,154

• 11g · Fees: other

  total $215,301 · program services $215,301

• 13 · Office expenses

  total $163,927 · program services $163,927

• 16 · Occupancy

  total $1,114,381 · program services $1,114,381

• 20 · Interest

  total $184,040 · program services $184,040

• 22 · Depreciation, depletion and amortization

  total $1,130,106 · program services $1,130,106

• 23 · Insurance

  total $194,991 · program services $194,991

• 24a · Other expenses: PROGRAM SUPPLIES AND EX

  total $507 · program services $507

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $214,413 · end of year $114,885

• 2 · Savings and temporary cash investments

  beginning of year $4,645,503 · end of year $5,069,482

• 4 · Accounts receivable

  beginning of year $149,265 · end of year $46,072

• 7 · Other notes and loans receivable

  beginning of year $596,414 · end of year $596,414

• 9 · Prepaid expenses and deferred charges

  end of year $35,182

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

  $22,731,023

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

  $13,577,441

• 10c · Land, buildings and equipment, net

  beginning of year $10,282,028 · end of year $9,153,582

• 15 · Other assets

  beginning of year $1,801,916 · end of year $2,413,729

• 17 · Accounts payable and accrued expenses

  beginning of year $176,445 · end of year $336,916

• 19 · Deferred revenue

  beginning of year $139,825 · end of year $152,807

• 23 · Secured mortgages and notes payable

  beginning of year $3,742,321 · end of year $3,485,769

• 25 · Other liabilities

  beginning of year $1,495,127 · end of year $1,145,344

• 27 · Net assets without donor restrictions

  beginning of year $10,279,703 · end of year $10,432,392

• 28 · Net assets with donor restrictions

  beginning of year $1,856,118 · end of year $1,876,118

The filer's explanations (Part III)

PART I, LINE 3

ANY COMPENSATION PROVIDED TO OFFICERS WAS PROVIDED BY A RELATED ORGANIZATION WHILE THEY SERVED AS OFFICERS OF THE ORGANIZATION DURING THE CALENDAR YEAR. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: * COMPENSATION SURVEY OR STUDY * APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• CENTRE STREET RETAIL LLC

  RELATED · ACQUIRE, DEVELOP, LEASE & SELL PROPERTY · MA · 99.99% owned · share of income -$53,193 · share of assets $4,061,548

  Directly controlled by BREWERY DEVELOPMENT COMPANY OF JAMAICA PLAIN