Totals
- Total revenue
- $579,338
- Total expenses
- $481,510
- Contributions and grants received
- $399,028
- Grants paid
- $0
- Program service revenue
- $180,052
- Investment income
- $161
- Other revenue
- $97
- Total assets, end of year
- $3,721,151
- Total liabilities, end of year
- $2,666,763
- Net assets or fund balances, end of year
- $1,054,388
- Program services expenses (Part IX)
- $444,300
- Management and general expenses
- $37,210
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $444,300
Program services were 92.3% 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)
$399,028
-
2a · Program service revenue: RENTAL INCOME
total $180,052 · related or exempt $180,052
-
3 · Investment income
total $161 · excluded $161
-
11a · Other revenue: LAUNDRY INCOME
total $97 · related or exempt $97
-
11e · Other revenue, total
$97
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $26,142 · management and general $26,142
-
11b · Fees: legal
total $6,399 · management and general $6,399
-
11c · Fees: accounting
total $860 · management and general $860
-
11g · Fees: other
total $62,663 · program services $62,663
-
13 · Office expenses
total $3,809 · management and general $3,809
-
16 · Occupancy
total $214,402 · program services $214,402
-
22 · Depreciation, depletion and amortization
total $123,589 · program services $123,589
-
24a · Other expenses: BAD DEBTS
total $11,363 · program services $11,363
-
24e · All other expenses
total $32,283 · program services $32,283
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $10,422 · end of year $25,434
-
2 · Savings and temporary cash investments
beginning of year $12,389 · end of year $15,199
-
4 · Accounts receivable
beginning of year $15,236 · end of year $15,271
-
9 · Prepaid expenses and deferred charges
beginning of year $3,776 · end of year $4,347
-
10a · Land, buildings and equipment: cost or other basis
$5,246,554
-
10b · Land, buildings and equipment: accumulated depreciation
$1,735,193
-
10c · Land, buildings and equipment, net
beginning of year $3,631,617 · end of year $3,511,361
-
14 · Intangible assets
beginning of year $9,447 · end of year $6,114
-
15 · Other assets
beginning of year $166,979 · end of year $143,425
-
17 · Accounts payable and accrued expenses
beginning of year $69,586 · end of year $50,721
-
21 · Escrow or custodial account liability
end of year $15,195
-
23 · Secured mortgages and notes payable
beginning of year $2,752,087 · end of year $2,532,616
-
25 · Other liabilities
beginning of year $71,633 · end of year $68,231
-
27 · Net assets without donor restrictions
beginning of year $956,560 · end of year $1,054,388
Mission and programs · 2023
Mission
TO PROVIDE FAMILIES AND PERSONS OF LOW-INCOME WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO PROMOTE THEIR HEALTH, PHYSICAL AND SOCIAL WELL BEING.
Activities or mission (Part I)
TO PROVIDE FAMILIES AND PERSONS OF LOW-INCOME WITH HOUSING FACILITIES AND SERVICES.
-
1060 BELMONT, INC. OWNS 18 RENTAL UNITS, WHICH ARE LEASED TO 18 LOW-INCOME FAMILIES. IT IS THE ONLY ACTIVITY OF THE CORPORATION.
Expenses $444,300 · Revenue $180,149
As filed on the 2023 return.
Listed in Part VII
-
Paul BoutonPAUL BOUTON
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Cristina AyalaCRISTINA AYALA
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Michael ShermanMICHAEL SHERMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Robert FlackROBERT FLACK
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Maria Eugenia ChaparroMARIA EUGENIA CHAPARRO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Mary CorthellMARY CORTHELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Dorena Wong-DeleonDORENA WONG-DELEON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Kalyani DevajyotiKALYANI DEVAJYOTI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Paula DickermanPAULA DICKERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Thelma TitusTHELMA TITUS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Melinda WalkerMELINDA WALKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Olga YasinnikOLGA YASINNIK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3 + 1 related
-
Caitlin MaddenCAITLIN MADDEN
EXECUTIVE DIRECTOR
- Total calculated
- $149,681
- From this org
- $0
- From related orgs
- $143,383
- Other
- $6,298
- Hours/week
- 1 + 39 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.
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.
-
METRO WEST COLLABORATIVE DEVELOPMENT INC
501(C)(3) · COMMUNITY DEVELOPMENT · MA
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.
-
ST JOSEPH HALL APARTMENTS LLC
ELDERLY AFFORDABLE HOUSING RENTAL · MA
-
GLEN BROOK WAY APARTMENTS LLC
AFFORDABLE HOUSING · MA
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
SJH LLC
C · ELDERLY AFFORDABLE HOSUING RENTAL · MA
-
GBW ONE MM LLC
C · AFFORDABLE HOSUING · MA
-
GBW SENIOR TWO MM LLC
C · AFFORDABLE HOSUING · MA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403209349305615
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