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Nonprofiteer
← NEWVUE LIABILITIES TO ASSETS INC

Form 990 for tax year 2024

Filed by NEWVUE LIABILITIES TO ASSETS INC.

Totals

Total revenue
$9,164
Total expenses
$31,711
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$9,164
Other revenue
$0
Total assets, end of year
$2,146,671
Total liabilities, end of year
$2,013,102
Net assets or fund balances, end of year
$133,569
Program services expenses (Part IX)
$0
Management and general expenses
$31,711
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.

  • 3 · Investment income

    total $9,164 · excluded $9,164

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $6,105 · management and general $6,105

  • 11c · Fees: accounting

    total $1,074 · management and general $1,074

  • 11g · Fees: other

    total $24,532 · management and general $24,532

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,926,012 · end of year $1,883,794

  • 2 · Savings and temporary cash investments

    beginning of year $253,713 · end of year $262,877

  • 17 · Accounts payable and accrued expenses

    beginning of year $513 · end of year $468

  • 25 · Other liabilities

    beginning of year $2,023,096 · end of year $2,012,634

  • 27 · Net assets without donor restrictions

    beginning of year $156,116 · end of year $133,569

Mission and programs · 2024

Mission

LIABILITIES TO ASSETS IS A PILOT PROGRAM THAT THE EXECUTIVE OFFICE OF HOUSING AND LIVABLE COMMUNITIES CREATED TO HELP COMMUNITIES STABILIZE NEIGHBORHOODS BY REDEVELOPING DETERIORATED PROPERTIES THAT ARE CONSIDERED A BLIGHT. THE PROGRAM WILL SUPPORT THE PURCHASE AND REHABILITATION OF PRIMARILY ONE AND TWO FAMILY PROPERTIES THAT HAVE BEEN VACANT FOR AT LEAST 3 YEARS AT THE TIME OF DEVELOPMENT AND HAVE A NEGATIVE IMPACT ON THEIR SURROUNDING NEIGHBORHOOD.

  • PURCHASE AND REHABILITATION OF BLIGHTED PROPERTIES IN ATHOL, CLINTON, FITCHBURG, GARDNER AND LEOMINSTER AND SELLING TO ELIGIBLE HOMEOWNERS.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Christina Dirusso

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Erin Nano

    BOARD TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Marc Dohan

    BOARD CLERK

    Total calculated
    $0
    Hours/week
    1

  • Tom Gray

    BOARD PRESIDENT (UNTIL 6/2025)

    Total calculated
    $0
    Hours/week
    1

  • Liz Murphy

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Wood

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeffrey Parker

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Philip Duffy

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Trevor Beauregard

    BOARD DIRECTOR (UNTIL 11/2024)

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2024
Filed
29 April 2026
IRS schema version
2024v5.5
Source object
202621209349301207

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