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Nonprofiteer
← SOLDIER ON DEVELOPMENT & MANAGEMENT COMPANY INC

Form 990 for tax year 2023

Filed by SOLDIER ON DEVELOPMENT & MANAGEMENT COMPANY INC.

Totals

Total revenue
$794,808
Total expenses
$1,307,914
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$794,808
Investment income
$0
Other revenue
$0
Total assets, end of year
$25,682,367
Total liabilities, end of year
$21,767,761
Net assets or fund balances, end of year
$3,914,606
Program services expenses (Part IX)
$1,307,914
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,307,914

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: DEVELOPMENT/MANAGEMENT

    total $488,066 · related or exempt $488,066

  • 2b · Program service revenue: RENTAL REVENUE

    total $243,714 · related or exempt $243,714

  • 2c · Program service revenue: PROGRAM SERVICE INTERE

    total $63,028 · related or exempt $63,028

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $365,714 · program services $365,714

  • 8 · Pension plan contributions

    total $10,464 · program services $10,464

  • 9 · Other employee benefits

    total $46,532 · program services $46,532

  • 10 · Payroll taxes

    total $21,340 · program services $21,340

  • 11b · Fees: legal

    total $220 · program services $220

  • 11c · Fees: accounting

    total $4,519 · program services $4,519

  • 11g · Fees: other

    total $4,797 · program services $4,797

  • 13 · Office expenses

    total $5,303 · program services $5,303

  • 14 · Information technology

    total $10,566 · program services $10,566

  • 16 · Occupancy

    total $147,676 · program services $147,676

  • 22 · Depreciation, depletion and amortization

    total $637,491 · program services $637,491

  • 23 · Insurance

    total $6,204 · program services $6,204

  • 24a · Other expenses: VEHICLES OPERATING & MA

    total $45,679 · program services $45,679

  • 24b · Other expenses: MISCELLANEOUS

    total $1,409 · program services $1,409

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $709,794 · end of year $847,264

  • 2 · Savings and temporary cash investments

    beginning of year $171,351 · end of year $180,947

  • 4 · Accounts receivable

    beginning of year $63,017 · end of year $95,891

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

    $24,918,743

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

    $5,560,705

  • 10c · Land, buildings and equipment, net

    beginning of year $19,974,471 · end of year $19,358,038

  • 15 · Other assets

    beginning of year $556,946 · end of year $5,200,227

  • 17 · Accounts payable and accrued expenses

    beginning of year $319,989 · end of year $1,720,685

  • 23 · Secured mortgages and notes payable

    beginning of year $14,794,167 · end of year $18,109,320

  • 25 · Other liabilities

    beginning of year $1,933,711 · end of year $1,937,756

  • 27 · Net assets without donor restrictions

    beginning of year $4,427,712 · end of year $3,914,606

Mission and programs · 2023

Mission

CONSTRUCTION AND MANAGEMENT OF LOW INCOME HOUSING FACILITIES FOR PREVIOUSLY HOMELESS VETERANS

  • SUPPORT VETERANS PROGRAMS

    Expenses $1,307,914 · Revenue $794,808

As filed on the 2023 return.

Listed in Part VII

  • Bruce Buckley

    CEO, DIRECTOR

    Total calculated
    $301,187
    From this org
    $0
    From related orgs
    $282,455
    Other
    $18,732
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $282,455 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,464 related
    Nontaxable benefits
    $0 + $7,268 related
    Filer's total
    $0 + $301,187 related

  • John Downing

    PRESIDENT, DIRECTOR

    Total calculated
    $161,519
    From this org
    $0
    From related orgs
    $151,662
    Other
    $9,857
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,662 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,066 related
    Nontaxable benefits
    $0 + $3,791 related
    Filer's total
    $0 + $161,519 related

  • Corey Murphy

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • John Notsley

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Lisa Gellner

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Katherine Ducharme

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Dan O'Brien

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Carlo Zaffanella

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Adam Rice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Gary Baldwin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Craig Apple

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Todd Reit

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Scott Akin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Keith Porter

    CFO, ASST. SECRETARY/ASST. TREASURER

    Total calculated
    $228,241
    From this org
    $0
    From related orgs
    $211,995
    Other
    $16,246
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $211,995 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,656 related
    Nontaxable benefits
    $0 + $7,590 related
    Filer's total
    $0 + $228,241 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
ALL EXECUTIVE COMPENSATION IS PAID BY RELATED ORGANIZATION SOLDIER ON, INC. SOLDIER ON CONTRACTS AN INDEPENDENT COMPENSATION CONSULTING AGENCY TO REVIEW EXECUTIVE POSITIONS AND RECEIVES GUIDELINES ON THEIR SALARY AND COMPENSATION.

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • SOLDIER ON VETERANS VILLAGE I LLC

    REAL ESTATE · MA · income $106,313 · assets $5,133,629

    Directly controlled by SOLDIER ON DEVELOPMENT & MANAGEMENT COMPANY INC

  • SOLDIER ON VETERANS VILLAGE III LLC

    REAL ESTATE · MA · income $104,450 · assets $8,426,625

    Directly controlled by SOLDIER ON DEVELOPMENT & MANAGEMENT COMPANY INC

  • SOLDIER ON VETERANS VILLAGE IV LLC

    REAL ESTATE · MA · income $42,001 · assets $2,888,846

    Directly controlled by SOLDIER ON DEVELOPMENT & MANAGEMENT COMPANY INC

  • SOLDIER ON VETERANS VILLAGE V LLC

    REAL ESTATE · MA · income $48,605 · assets $3,792,221

    Directly controlled by SOLDIER ON DEVELOPMENT & MANAGEMENT COMPANY INC

  • SOLDIER ON VETERANS VILLAGE VII LLC

    REAL ESTATE · MA · income $0 · assets $0

    Directly controlled by SOLDIER ON DEVELOPMENT & MANAGEMENT COMPANY INC

  • SOLDIER ON VETERANS VILLAGE VIII LLC

    REAL ESTATE · MA · income $0 · assets $5,346,210

    Directly controlled by SOLDIER ON DEVELOPMENT & MANAGEMENT COMPANY INC

  • SOLDIER ON VETERANS VILLAGE IX LLC

    REAL ESTATE · MA · income $0 · assets $0

    Directly controlled by SOLDIER ON DEVELOPMENT & MANAGEMENT COMPANY INC

  • SOLDIER ON VETERANS VILLAGE X LLC

    REAL ESTATE · MA · income $0 · assets $0

    Directly controlled by SOLDIER ON DEVELOPMENT & MANAGEMENT COMPANY INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SOLDIER ON VETERANS VILLAGE II LLC

    C · REAL ESTATE · MA · 100% owned · share of income -$3,802 · share of assets $473 · controlled entity

    Directly controlled by SOLDIER ON DEVELOPMENT & MANAGEMENT COMPANY INC

  • SOLDIER ON VETERANS VILLAGE VI LLC

    C · REAL ESTATE · MA · 100% owned · share of income -$4,047 · controlled entity

    Directly controlled by SOLDIER ON DEVELOPMENT & MANAGEMENT COMPANY INC

Provenance

Return type
form_990
Tax year
2023
Filed
29 April 2025
IRS schema version
2023v6.0
Source object
202541219349300869

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