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← NEWVUE LIABILITIES TO ASSETS INC

Form 990 for tax year 2023

Filed by NEWVUE LIABILITIES TO ASSETS INC.

Totals

Total revenue
$6,084
Total expenses
$21,615
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$6,084
Total assets, end of year
$2,179,725
Total liabilities, end of year
$2,023,609
Net assets or fund balances, end of year
$156,116
Program services expenses (Part IX)
$0
Management and general expenses
$21,615
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.

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $6,084 · related or exempt $6,084

  • 11e · Other revenue, total

    $6,084

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $21,615 · management and general $21,615

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $998,447 · end of year $1,926,012

  • 2 · Savings and temporary cash investments

    beginning of year $251,501 · end of year $253,713

  • 3 · Pledges and grants receivable

    beginning of year $248,824

  • 15 · Other assets

    beginning of year $618,900 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $129,362 · end of year $513

  • 23 · Secured mortgages and notes payable

    beginning of year $104,550

  • 25 · Other liabilities

    beginning of year $1,712,113 · end of year $2,023,096

  • 27 · Net assets without donor restrictions

    beginning of year $171,647 · end of year $156,116

Mission and programs · 2023

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 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Tom Gray

    BOARD PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Erin Nano

    BOARD TREASURER (PART YEAR)

    Total calculated
    $0
    Hours/week
    2

  • Christina Dirusso

    BOARD TREASURER (PART YEAR)

    Total calculated
    $0
    Hours/week
    2

  • Marc Dohan

    BOARD CLERK

    Total calculated
    $0
    Hours/week
    2

  • Liz Murphy

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Elizabeth Wood

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey Parker

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Trevor Beauregard

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Philip Duffy

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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
2023
Filed
16 April 2025
IRS schema version
2023v6.0
Source object
202541079349300639

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