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Nonprofiteer
← NEW BEGINNINGS FOR FAMILIES INC

Form 990 for tax year 2023

Filed by NEW BEGINNINGS FOR FAMILIES INC.

Totals

Total revenue
$148,498
Total expenses
$286,718
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$148,498
Investment income
$0
Other revenue
$0
Total assets, end of year
$1,227,985
Total liabilities, end of year
$1,477,422
Net assets or fund balances, end of year
-$249,437
Program services expenses (Part IX)
$286,718
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$286,718

Program services were 100.0% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $148,498 · related or exempt $148,498

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $1,125 · program services $1,125

  • 11g · Fees: other

    total $1,698 · program services $1,698

  • 13 · Office expenses

    total $11,504 · program services $11,504

  • 16 · Occupancy

    total $149,936 · program services $149,936

  • 20 · Interest

    total $44,737 · program services $44,737

  • 22 · Depreciation, depletion and amortization

    total $52,408 · program services $52,408

  • 23 · Insurance

    total $25,310 · program services $25,310

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,591 · end of year $20,594

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

    $1,500,000

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

    $292,609

  • 10c · Land, buildings and equipment, net

    beginning of year $1,259,798 · end of year $1,207,391

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,677 · end of year $26,056

  • 25 · Other liabilities

    beginning of year $1,571,929 · end of year $1,451,366

  • 27 · Net assets without donor restrictions

    beginning of year -$311,217 · end of year -$249,437

Mission and programs · 2023

Mission

NBFI IS DEDICATED TO ASSISTING FAMILIES AND THOSE IN NEED OF SHELTER OR HOUSING AND TO PROVIDE SERVICES TO THOSE IN NEED.

  • NBFI IS DEDICATED TO ASSISTING FAMILIES AND THOSE IN NEED OF SHELTER OR HOUSING AND TO PROVIDE SERVICES TO THOSE IN NEED.

    Expenses $286,718 · Revenue $148,498

As filed on the 2023 return.

Listed in Part VII

  • WILLIAM PAYNE

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1.5 related

  • GERRY NADEAU

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1.5 related

  • ELI FLORENCE

    CLERK

    Total calculated
    $0
    Hours/week
    1 + 1.5 related

  • STEVE PIKE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • THOMAS THIBEAULT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JAMES BURKE ESQ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1.5 related

  • DONNA DESMOND

    EXECUTIVE VP, CFO

    Total calculated
    $287,671
    From this org
    $0
    From related orgs
    $260,175
    Other
    $27,496
    Hours/week
    0.5 + 40.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $245,175 related
    Bonus
    $0 + $15,000 related
    Other
    $0
    Deferred
    $0 + $26,018 related
    Nontaxable benefits
    $0 + $1,478 related
    Filer's total
    $0 + $287,671 related

  • KENNETH KLIER

    EXECUTIVE VP, COO

    Total calculated
    $325,048
    From this org
    $0
    From related orgs
    $294,615
    Other
    $30,433
    Hours/week
    0.5 + 40.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $274,615 related
    Bonus
    $0 + $20,000 related
    Other
    $0
    Deferred
    $0 + $29,461 related
    Nontaxable benefits
    $0 + $972 related
    Filer's total
    $0 + $325,048 related

  • CHARLES CLIFFORD

    PRESIDENT, CEO

    Total calculated
    $378,281
    From this org
    $0
    From related orgs
    $346,550
    Other
    $31,731
    Hours/week
    0.5 + 40.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $309,615 related
    Bonus
    $0
    Other
    $0 + $36,935 related
    Deferred
    $0 + $30,962 related
    Nontaxable benefits
    $0 + $769 related
    Filer's total
    $0 + $378,281 related

  • VINCENT MARTURANO

    FORMER PRESIDENT, CEO

    Total calculated
    $320,865
    From this org
    $0
    From related orgs
    $312,062
    Other
    $8,803
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $271,237 related
    Bonus
    $0 + $31,903 related
    Other
    $0 + $8,922 related
    Deferred
    $0 + $7,397 related
    Nontaxable benefits
    $0 + $1,406 related
    Filer's total
    $0 + $320,865 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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE OFFICERS OF OLD COLONY YMCA PROVIDE THE BOARD OF DIRECTORS CHAIR WITH THE FOLLOWING INFORMATION FOR DETERMINING THE COMPENSATION: - SELF APPRAISAL FOR THE PERIOD OF JULY 1 THROUGH JUNE 30. - INCENTIVE COMPENSATION PERFORMANCE MEASURES. - PREVIOUS EXECUTIVE COMMITTEE MINUTES WITH THE EXECUTIVE COMPENSATION AS PREPARED BY AN OUTSIDE CONSULTING FIRM. - RECENT SALARY COMPENSATION DATA FOR SIMILAR SIZE Y'S.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
7 November 2024
IRS schema version
2023v5.1
Source object
202413209349302266

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