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Nonprofiteer
← 337 CONVENT HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2024

Filed by 337 CONVENT HOUSING DEVELOPMENT FUND CORPORATION.

Totals

Total revenue
$50,000
Total expenses
$138,866
Contributions and grants received
$50,000
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$4,753,604
Total liabilities, end of year
$4,842,470
Net assets or fund balances, end of year
-$88,866
Program services expenses (Part IX)
$0
Management and general expenses
$138,866
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1e · Government grants (contributions)

    $50,000

  • 1g · Noncash contributions included above

    $50,000

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $10,000 · management and general $10,000

  • 20 · Interest

    total $125,596 · management and general $125,596

  • 23 · Insurance

    total $3,270 · management and general $3,270

Balance sheet

Part X, book values.

  • 4 · Accounts receivable

    end of year $50,000

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

    $4,524,631

  • 10c · Land, buildings and equipment, net

    end of year $4,524,631

  • 15 · Other assets

    end of year $178,973

  • 17 · Accounts payable and accrued expenses

    end of year $1,230,302

  • 24 · Unsecured notes and loans payable

    end of year $3,612,168

  • 27 · Net assets without donor restrictions

    end of year -$88,866

Mission and programs · 2024

Mission

Developing and operating a housing project for persons of low income.

  • NA

As filed on the 2024 return.

Listed in Part VII

  • Peter Soares

    President

    Total calculated
    $0
    Hours/week
    0

  • John Quinn

    Total calculated
    $0
    Hours/week
    0

  • Carl Siciliano

    Total calculated
    $0
    Hours/week
    0

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.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349324291

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