Totals
- Total revenue
- $532,066
- Total expenses
- $944,664
- Contributions and grants received
- $175,050
- Grants paid
- $0
- Program service revenue
- $357,016
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $18,231,155
- Total liabilities, end of year
- $20,877,554
- Net assets or fund balances, end of year
- -$2,646,399
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $0
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.
-
1a · Federated campaigns
$0
-
1b · Membership dues
$0
-
1c · Fundraising events
$0
-
1d · Related organizations
$0
-
1e · Government grants (contributions)
$0
-
1f · All other contributions, gifts and grants
$175,050
-
1g · Noncash contributions included above
$0
-
2a · Program service revenue: 233656.24
total $233,656 · related or exempt $233,656 · unrelated business $0 · excluded $0
-
2b · Program service revenue: Commercial Rent
total $123,360 · related or exempt $123,360 · unrelated business $0 · excluded $0
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
7c · Gain or loss
securities $0 · other assets $0
-
8a · Fundraising events: contributions included on line 1c
$0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $49,199
-
8 · Pension plan contributions
total $981
-
9 · Other employee benefits
total $11,156
-
10 · Payroll taxes
total $5,313
-
11a · Fees: management
total $27,217
-
11b · Fees: legal
total $6,673
-
13 · Office expenses
total $9,963
-
14 · Information technology
total $831
-
16 · Occupancy
total $13,412
-
20 · Interest
total $70,695
-
22 · Depreciation, depletion and amortization
total $328,750
-
23 · Insurance
total $107,513
-
24a · Other expenses: Building Maintenance
total $160,356
-
24b · Other expenses: Social Services
total $51,945
-
24c · Other expenses: Bad Debt
total $14,691
-
24d · Other expenses: Loss on Sale of Property
total $85,969
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $72,005 · end of year $36,267
-
4 · Accounts receivable
beginning of year $18,548 · end of year $11,170
-
9 · Prepaid expenses and deferred charges
beginning of year $38,067 · end of year $43,909
-
10a · Land, buildings and equipment: cost or other basis
$11,641,887
-
10b · Land, buildings and equipment: accumulated depreciation
$1,721,616
-
10c · Land, buildings and equipment, net
beginning of year $10,127,116 · end of year $9,920,271
-
12 · Investments: other securities
beginning of year $77,200 · end of year $77,200
-
15 · Other assets
beginning of year $5,182,916 · end of year $8,142,338
-
17 · Accounts payable and accrued expenses
beginning of year $499,115 · end of year $586,577
-
19 · Deferred revenue
beginning of year $1,697 · end of year $1,258
-
21 · Escrow or custodial account liability
beginning of year $16,901 · end of year $15,599
-
23 · Secured mortgages and notes payable
beginning of year $3,046,734 · end of year $3,046,734
-
25 · Other liabilities
beginning of year $14,185,205 · end of year $17,227,386
-
27 · Net assets without donor restrictions
beginning of year -$2,233,800 · end of year -$2,646,399
-
28 · Net assets with donor restrictions
beginning of year $0 · end of year $0
Mission and programs · 2023
Mission
Title-Holding company that operates real estate for a senior day center and housing for veterans.
Activities or mission (Part I)
Operates real estate occupied by a nonprofit Senior Center, and manages housing for formerly homeless veterans.
-
Operates real estate utilized by a senior day center, and manages about 35 houses for formerly-homeless veterans.
As filed on the 2023 return.
Listed in Part VII
-
Tim McGrath
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Joseph Duffey
Member
- Total calculated
- $0
- Hours/week
- 1
-
Mary Naylor
member
- Total calculated
- $0
- Hours/week
- 1
-
Steve Mullin
Member
- Total calculated
- $0
- Hours/week
- 1
-
Neil Pitts
member
- Total calculated
- $0
- Hours/week
- 1
-
Max Kent
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Michael DeMarco
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Paul Funaro
Assistant Secretary
- Total calculated
- $0
- Hours/week
- 1
-
John Ungar
Assistant Secretary
- 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
- 2023
- Filed
- 25 August 2024
- IRS schema version
- 2023v6.0
- Source object
- 202531279349303303
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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