Form 990 for tax year 2022

Filed by COALITION FOR A BETTER ACRE INC.

Totals

Total revenue: $4,512,668
Total expenses: $3,121,045
Contributions and grants received: $1,884,130
Grants paid: $0
Program service revenue: $1,816,123
Investment income: $716,944
Other revenue: $95,471
Total assets, end of year: $36,090,256
Total liabilities, end of year: $12,181,321
Net assets or fund balances, end of year: $23,908,935
Program services expenses (Part IX): $1,975,702
Management and general expenses: $1,099,913
Fundraising expenses: $45,430
Program service expenses (Part III): $1,975,702

Program services were 63.3% 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.

1f · All other contributions, gifts and grants

$1,884,130
2a · Program service revenue: STATE TAX CREDIT PROCE

total $664,300 · related or exempt $664,300
2b · Program service revenue: DEVELOPER OVERHEAD

total $538,951 · related or exempt $538,951
2c · Program service revenue: TENANT RENTS (MSLP)

total $436,097 · related or exempt $436,097
2d · Program service revenue: ASSET MANAGEMENT

total $176,775 · related or exempt $176,775
3 · Investment income

total $716,944 · related or exempt $47,294 · excluded $669,650
11d · All other revenue

total $95,471 · related or exempt $95,471
11e · Other revenue, total

$95,471

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $438,583 · program services $322,921 · management and general $70,232 · fundraising $45,430
7 · Other salaries and wages

total $761,122 · program services $388,102 · management and general $373,020
10 · Payroll taxes

total $276,842 · program services $177,798 · management and general $99,044
11a · Fees: management

total $25,987 · program services $25,987
11c · Fees: accounting

total $90,379 · program services $78,635 · management and general $11,744
13 · Office expenses

total $80,587 · program services $7,322 · management and general $73,265
16 · Occupancy

total $92,742 · program services $35,390 · management and general $57,352
17 · Travel

total $83,335 · program services $3,098 · management and general $80,237
20 · Interest

total $376,851 · program services $352,593 · management and general $24,258
22 · Depreciation, depletion and amortization

total $220,900 · program services $220,900
23 · Insurance

total $53,418 · program services $37,234 · management and general $16,184
24a · Other expenses: PROGRAM EXPENSES

total $188,137 · program services $91,651 · management and general $96,486
24b · Other expenses: MISCELLANEOUS

total $153,458 · program services $0 · management and general $153,458
24c · Other expenses: CONTRACTED FEES

total $106,955 · program services $84,486 · management and general $22,469
24d · Other expenses: UTILITIES

total $97,923 · program services $89,321 · management and general $8,602
24e · All other expenses

total $73,826 · program services $60,264 · management and general $13,562

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $365,993 · end of year $614,137
2 · Savings and temporary cash investments

beginning of year $1,278,658 · end of year $1,109,428
4 · Accounts receivable

beginning of year $96,699 · end of year $4,682
7 · Other notes and loans receivable

beginning of year $20,538,946 · end of year $21,238,874
9 · Prepaid expenses and deferred charges

beginning of year $28,641 · end of year $65,351
10a · Land, buildings and equipment: cost or other basis

$12,095,180
10b · Land, buildings and equipment: accumulated depreciation

$3,101,293
10c · Land, buildings and equipment, net

beginning of year $4,663,472 · end of year $8,993,887
13 · Investments: program-related

beginning of year $2,477,697 · end of year $2,510,991
15 · Other assets

beginning of year $1,276,831 · end of year $1,552,906
17 · Accounts payable and accrued expenses

beginning of year $169,306 · end of year $494,247
19 · Deferred revenue

beginning of year $7,275,414 · end of year $10,266,375
24 · Unsecured notes and loans payable

beginning of year $369,670 · end of year $976,279
25 · Other liabilities

beginning of year $395,235 · end of year $444,420
27 · Net assets without donor restrictions

beginning of year $22,517,312 · end of year $23,908,935
28 · Net assets with donor restrictions

beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

COMMUNITY DEVELOPMENT PROGRAMS PROVIDE SUPPORT AND TRAINING FOR THE DEVELOPMENT OF AFFORDABLE HOUSING IN THE COMMUNITY AND FOR EDUCATING RESIDENTS OF PROBLEM HOUSING

Activities or mission (Part I)

COMMUNITY DEVELOPMENT PROGRAMS PROVIDE SUPPORT, TRAINING AND AFFORDABLE HOUSING FOR RESIDENTS

COMMUNITY DEVELOPMENT PROGRAMS PROVIDE SUPPORT AND TRAINING FOR THE DEVELOPMENT OF AFFORDABLE HOUSING IN THE COMMUNITY AND FOR EDUCATING RESIDENTS OF PROBLEM HOUSING

Expenses $1,975,702 · Revenue $1,958,888

As filed on the 2022 return.

Listed in Part VII

Paul GaudetPAUL GAUDET

DIRECTOR

Total calculated

$0

Hours/week

1
Sixto DejesusSIXTO DEJESUS

PRESIDENT

Total calculated

$0

Hours/week

1
Patricia CoffeyPATRICIA COFFEY

DIRECTOR

Total calculated

$0

Hours/week

1
Richard ChavezRICHARD CHAVEZ

TREASURER

Total calculated

$0

Hours/week

1
Amada GregoryAMADA GREGORY

DIRECTOR

Total calculated

$0

Hours/week

1
Musu GayeMUSU GAYE

DIRECTOR

Total calculated

$0

Hours/week

1
Carlos GonzalezCARLOS GONZALEZ

DIRECTOR

Total calculated

$0

Hours/week

1
Eric PonnERIC PONN

DIRECTOR

Total calculated

$0

Hours/week

1
George RamirezGEORGE RAMIREZ

DIRECTOR

Total calculated

$0

Hours/week

1
Masada JonesMASADA JONES

CLERK

Total calculated

$0

Hours/week

1
Mary WambuiMARY WAMBUI

DIRECTOR

Total calculated

$0

Hours/week

1
Claire RickerCLAIRE RICKER

DIRECTOR OF REAL ESTATE

Total calculated

$80,926

From this org

$76,892

From related orgs

$0

Other

$4,034

Hours/week

40
Peter MartinPETER MARTIN

DIRECTOR

Total calculated

$0

Hours/week

1
Laura TavaresLAURA TAVARES

DIRECTOR

Total calculated

$0

Hours/week

1
Carmen BermudezCARMEN BERMUDEZ

DIRECTOR

Total calculated

$0

Hours/week

1
Jess WilsonJESS WILSON

DIRECTOR

Total calculated

$0

Hours/week

1
Sidney LiangSIDNEY LIANG

DIRECTOR

Total calculated

$0

Hours/week

1
Zelma Lyons-KhadarZELMA LYONS-KHADAR

DIRECTOR

Total calculated

$0

Hours/week

1
Michele WittsMICHELE WITTS

CHEIF FINACIAL OFFICER

Total calculated

$88,610

From this org

$70,232

From related orgs

$0

Other

$18,378

Hours/week

40
Yun Ju ChoiYUN JU CHOI

EXECUTIVE DIRECTOR

Total calculated

$131,701

From this org

$118,434

From related orgs

$0

Other

$13,267

Hours/week

40
Deb MotewDEB MOTEW

VICE PRESIDENT

Total calculated

$0

Hours/week

1
Maria Gutierrez-YapurMARIA GUTIERREZ-YAPUR

DIRECTOR OF PROGRAMS

Total calculated

$70,646

From this org

$67,319

From related orgs

$0

Other

$3,327

Hours/week

40
Thomas EmeryTHOMAS EMERY

REAL ESTATE PROJECT MANAGE

Total calculated

$88,480

From this org

$76,765

From related orgs

$0

Other

$11,715

Hours/week

40

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.

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.

ACRE TRIANGLE COMMUNITY DEVELOPMENT CORPORATION

501(C)3 · RELATED PARTY · MA

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.

CBA AFFORDABLE HOUSING LLC

RELATED ORGANIZATION · MA · income $415,665 · assets $6,042,258

Directly controlled by COALITION FOR A BETTER ACRE INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

MOODY STREET CENTER LIMITED PARTNERSHIP

RELATED · RELATED ORGANIZATION · MA · 99.99% owned · share of income -$39,185 · share of assets $1,685,819

Directly controlled by COALITION FOR A BETTER ACRE INC
NEW NORTH CANAL LLC

RELATED ORGANIZATION · MA
LIBERTY SQUARE HOUSING LIMITED PARTNERSHIP

RELATED ORGANIZATION · MA
NEW MERRIMACK STREET HOUSING LLC

RELATED ORGANIZATION · MA
CALL PP LIMITED LIABILITY COMPANY

RELATED ORGANIZATION · MA
MERRIMACK STREET HOUSING LIMITED PARTNERSHIP

RELATED · RELATED ORGANIZATION · MA · 99% owned · share of income $32,773 · share of assets $535,971

Directly controlled by COALITION FOR A BETTER ACRE INC
MIDDLESEX STREET LIMITED PARTNERSHIP

RELATED ORGANIZATION · MA
TRIANGLE RENTAL LIMITED PARTNERSHIP

RELATED · RELATED ORGANIZATION · MA · 99.99% owned · share of income -$53,257 · share of assets $2,111,674

Directly controlled by COALITION FOR A BETTER ACRE INC
ST JOSEPH'S APARTMENTS LLC

RELATED ORGANIZATION · MA
ACRE HIGH SCHOOL LLC

RELATED ORGANIZATION · MA
UNITY PLACE LLC

RELATED ORGANIZATION · MA
ACRE HIGH SCHOOL TWO MM LLC

RELATED · RELATED ORGANIZATION · MA · 79% owned · share of income -$1,524 · share of assets $100

Directly controlled by COALITION FOR A BETTER ACRE INC
GORHAM STREET LLC

RELATED ORGANIZATION · MA
WELCOME HOME HOUSING LLC

RELATED ORGANIZATION · MA
GORHAM STREET MM LLC

RELATED · RELATED ORGANIZATION · MA · 79% owned · share of income -$1,987

Directly controlled by COALITION FOR A BETTER ACRE INC
GERSON BUILDING LLC

RELATED ORGANIZATION · MA

Related corporations and trusts

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

TRIANGLE RENTAL INC

C · RELATED ORGANIZATION · MA · 70% owned · share of income -$1,961 · share of assets $100

Directly controlled by COALITION FOR A BETTER ACRE INC
MOODY STREET CENTER INC

C · RELATED ORGANIZATION · MA · 79% owned · share of income -$2,084 · share of assets $1,229,484

Directly controlled by COALITION FOR A BETTER ACRE INC
LIBERTY SQUARE HOUSING INC

C · RELATED ORGANIZATION · MA · 50% owned · share of income -$1,991

Directly controlled by COALITION FOR A BETTER ACRE INC
NEW NORTH CANAL HOUSING INC

C · RELATED ORGANIZATION · MA · 60% owned · share of income -$2,044 · share of assets $100

Directly controlled by COALITION FOR A BETTER ACRE INC
NEW ACRE MERRIMACK INC

C · RELATED ORGANIZATION · MA · 79% owned · share of income -$1,645 · share of assets $100

Directly controlled by COALITION FOR A BETTER ACRE INC
ST JOSEPH'S MM LLC

C · RELATED ORGANIZATION · MA · 79% owned · share of income -$1,978 · share of assets $100

Directly controlled by COALITION FOR A BETTER ACRE INC
ACRE MERRIMACK INC

C · RELATED ORGANIZATION · MA
NORTH CANAL HOUSING TRUST INC

C · RELATED ORGANIZATION · MA
WELCOME HOME HOUSING MM LLC

C · RELATED ORGANIZATION · MA · 79% owned · share of income -$1,976

Directly controlled by COALITION FOR A BETTER ACRE INC
UNITY PLACE MM LLC

C · RELATED ORGANIZATION · MA · 79% owned · share of income -$1,977 · share of assets $100

Directly controlled by COALITION FOR A BETTER ACRE INC
GERSON BUILDING MM LLC

C · RELATED ORGANIZATION · MA · 21% owned · share of income -$2,013

Directly controlled by COALITION FOR A BETTER ACRE INC

Provenance

Return type: form_990
Tax year: 2022
Filed: 13 November 2023
IRS schema version: 2022v5.0
Source object: 202323179349307277

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