Form 990 for tax year 2022
Filed by MISHAWUM PARK TENANTS ASSOCIATION INC.
Totals
- Total revenue
- $5,016,514
- Total expenses
- $6,511,184
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $4,985,207
- Investment income
- $29,295
- Other revenue
- $2,012
- Total assets, end of year
- $33,684,088
- Total liabilities, end of year
- $27,698,617
- Net assets or fund balances, end of year
- $5,985,471
- Program services expenses (Part IX)
- $5,464,010
- Management and general expenses
- $1,047,174
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $5,464,010
Program services were 83.9% 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 $4,985,207 · related or exempt $4,985,207
-
3 · Investment income
total $29,295 · excluded $29,295
-
11a · Other revenue: MISCELLANEOUS INCOME
total $2,012 · excluded $2,012
-
11e · Other revenue, total
$2,012
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $874,880 · program services $456,952 · management and general $417,928
-
9 · Other employee benefits
total $182,955 · program services $85,123 · management and general $97,832
-
10 · Payroll taxes
total $85,072 · program services $39,581 · management and general $45,491
-
11a · Fees: management
total $198,434 · management and general $198,434
-
11b · Fees: legal
total $48,540 · management and general $48,540
-
11c · Fees: accounting
total $41,862 · management and general $41,862
-
11g · Fees: other
total $11,080 · management and general $11,080
-
12 · Advertising and promotion
total $360 · management and general $360
-
13 · Office expenses
total $146,373 · management and general $146,373
-
14 · Information technology
total $33,208 · management and general $33,208
-
16 · Occupancy
total $1,307,624 · program services $1,307,624
-
20 · Interest
total $393,906 · program services $393,906
-
22 · Depreciation, depletion and amortization
total $1,485,050 · program services $1,485,050
-
23 · Insurance
total $503,508 · program services $503,508
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $1,176,939 · program services $1,176,939
-
24b · Other expenses: PERMITS & FEES
total $12,779 · program services $12,779
-
24c · Other expenses: MASSHOUSING TAP PROGRAM
total $6,066 · management and general $6,066
-
24d · Other expenses: COMMUNITY CENTER ACTIVI
total $2,548 · program services $2,548
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $9,294 · end of year $12,060
-
2 · Savings and temporary cash investments
beginning of year $824,957 · end of year $295,530
-
4 · Accounts receivable
beginning of year $169,891 · end of year $193,483
-
9 · Prepaid expenses and deferred charges
beginning of year $189,787 · end of year $258,543
-
10a · Land, buildings and equipment: cost or other basis
$58,890,926
-
10b · Land, buildings and equipment: accumulated depreciation
$30,797,416
-
10c · Land, buildings and equipment, net
beginning of year $29,180,852 · end of year $28,093,510
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $331,866
-
15 · Other assets
beginning of year $4,895,875 · end of year $4,499,096
-
17 · Accounts payable and accrued expenses
beginning of year $626,521 · end of year $830,656
-
19 · Deferred revenue
beginning of year $117,292 · end of year $120,855
-
21 · Escrow or custodial account liability
beginning of year $206,576 · end of year $210,132
-
23 · Secured mortgages and notes payable
beginning of year $26,840,126 · end of year $26,536,974
-
27 · Net assets without donor restrictions
beginning of year $7,480,141 · end of year $5,985,471
Mission and programs · 2022
Mission
TO IMPROVE, ACQUIRE, REHABILITATE AND OPERATE THE EXISTING AFFORDABLE HOUSING PROJECT.
-
TO IMPROVE, ACQUIRE, REHABILITATE AND OPERATE THE EXISTING AFFORDABLE HOUSING PROJECT.
Expenses $5,464,010 · Revenue $4,985,207
As filed on the 2022 return.
Listed in Part VII
-
Paul SullivanPAUL SULLIVAN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
John WardJOHN WARD
VICE CHAIR (AS OF 3/13/23)
- Total calculated
- $0
- Hours/week
- 1
-
Michael JohnsonMICHAEL JOHNSON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Joseph SullivanJOSEPH SULLIVAN
ASSISTANT TREASURER (AS OF 3/13/23)
- Total calculated
- $0
- Hours/week
- 1
-
Donna WallaceDONNA WALLACE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Jan BrownJAN BROWN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
William DonohueWILLIAM DONOHUE
ASST. TREAS. (THRU 3/12/23), BRD MBR
- Total calculated
- $0
- Hours/week
- 1
-
Carol HowellCAROL HOWELL
BOARD MEMBER (AS OF 3/13/23)
- Total calculated
- $0
- Hours/week
- 1
-
Megan LeavittMEGAN LEAVITT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Karen ScanlanKAREN SCANLAN
BOARD MEMBER (AS OF 2/2/23)
- Total calculated
- $0
- Hours/week
- 1
-
Lisa SgroLISA SGRO
BOARD MEMBER (AS OF 3/13/23)
- Total calculated
- $0
- Hours/week
- 1
-
John UptonJOHN UPTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Anthony VitaleANTHONY VITALE
BOARD MEMBER (AS OF 6/2/23)
- Total calculated
- $0
- Hours/week
- 1
-
Sharron WallaceSHARRON WALLACE
SEC. (THRU 3/12/23), BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kellie WardKELLIE WARD
BOARD MEMBER (AS OF 6/2/23)
- 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
- 2022
- Filed
- 6 August 2024
- IRS schema version
- 2022v5.0
- Source object
- 202442229349301334
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