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← SOLDIER ON DEVELOPMENT & MANAGEMENT COMPANY INC

Form 990 for tax year 2024

Filed by SOLDIER ON DEVELOPMENT & MANAGEMENT COMPANY INC.

Totals

Total revenue
$901,877
Total expenses
$1,328,237
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$901,877
Investment income
$0
Other revenue
$0
Total assets, end of year
$28,997,086
Total liabilities, end of year
$25,508,840
Net assets or fund balances, end of year
$3,488,246
Program services expenses (Part IX)
$1,328,237
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,328,237

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 $594,447 · related or exempt $594,447

  • 2b · Program service revenue: RENTAL REVENUE

    total $244,555 · related or exempt $244,555

  • 2c · Program service revenue: PROGRAM SERVICE INTERE

    total $62,875 · related or exempt $62,875

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $389,015 · program services $389,015

  • 8 · Pension plan contributions

    total $11,606 · program services $11,606

  • 9 · Other employee benefits

    total $49,622 · program services $49,622

  • 10 · Payroll taxes

    total $22,883 · program services $22,883

  • 11b · Fees: legal

    total $172 · program services $172

  • 11c · Fees: accounting

    total $6,559 · program services $6,559

  • 11g · Fees: other

    total $4,536 · program services $4,536

  • 13 · Office expenses

    total $7,462 · program services $7,462

  • 14 · Information technology

    total $565 · program services $565

  • 16 · Occupancy

    total $143,889 · program services $143,889

  • 22 · Depreciation, depletion and amortization

    total $637,819 · program services $637,819

  • 23 · Insurance

    total $5,185 · program services $5,185

  • 24a · Other expenses: VEHICLES OPERATING & MA

    total $41,691 · program services $41,691

  • 24b · Other expenses: MISCELLANEOUS

    total $7,233 · program services $7,233

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $847,264 · end of year $673,970

  • 2 · Savings and temporary cash investments

    beginning of year $180,947 · end of year $211,156

  • 4 · Accounts receivable

    beginning of year $95,891 · end of year $41,596

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

    $24,930,714

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

    $6,195,398

  • 10c · Land, buildings and equipment, net

    beginning of year $19,358,038 · end of year $18,735,316

  • 15 · Other assets

    beginning of year $5,200,227 · end of year $9,335,048

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,720,685 · end of year $262,960

  • 23 · Secured mortgages and notes payable

    beginning of year $17,796,320 · end of year $22,774,122

  • 24 · Unsecured notes and loans payable

    beginning of year $313,000 · end of year $313,000

  • 25 · Other liabilities

    beginning of year $1,937,756 · end of year $2,158,758

  • 27 · Net assets without donor restrictions

    beginning of year $3,914,606 · end of year $3,488,246

Mission and programs · 2024

Mission

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

  • SUPPORT VETERANS PROGRAMS

    Expenses $1,328,237 · Revenue $901,877

As filed on the 2024 return.

Listed in Part VII

  • Bruce Buckley

    CEO, DIRECTOR

    Total calculated
    $309,721
    From this org
    $0
    From related orgs
    $290,392
    Other
    $19,329
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $290,392 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,752 related
    Nontaxable benefits
    $0 + $7,577 related
    Filer's total
    $0 + $309,721 related

  • John Downing

    PRESIDENT, DIRECTOR

    Total calculated
    $158,419
    From this org
    $0
    From related orgs
    $151,662
    Other
    $6,757
    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 + $691 related
    Filer's total
    $0 + $158,419 related

  • Adam Rice

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Scott Akin

    CO-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

  • Carlo Zaffanella

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Todd Reit

    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

  • Dan O'Brien

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Keith Porter

    CFO, ASST. SECRETARY/ASST. TREASURER

    Total calculated
    $241,776
    From this org
    $0
    From related orgs
    $224,833
    Other
    $16,943
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $224,833 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $9,174 related
    Nontaxable benefits
    $0 + $7,769 related
    Filer's total
    $0 + $241,776 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 $107,127 · assets $4,963,056

    Directly controlled by SOLDIER ON DEVELOPMENT & MANAGEMENT COMPANY INC

  • SOLDIER ON VETERANS VILLAGE III LLC

    REAL ESTATE · MA · income $104,448 · assets $8,199,406

    Directly controlled by SOLDIER ON DEVELOPMENT & MANAGEMENT COMPANY INC

  • SOLDIER ON VETERANS VILLAGE IV LLC

    REAL ESTATE · MA · income $42,028 · assets $2,804,594

    Directly controlled by SOLDIER ON DEVELOPMENT & MANAGEMENT COMPANY INC

  • SOLDIER ON VETERANS VILLAGE V LLC

    REAL ESTATE · MA · income $48,157 · assets $3,628,442

    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 $2,670 · assets $9,208,929

    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

  • SOLDIER ON VETERANS VILLAGE XI 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 $25,997 · share of assets $622 · 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 $1,480 · controlled entity

    Directly controlled by SOLDIER ON DEVELOPMENT & MANAGEMENT COMPANY INC

Provenance

Return type
form_990
Tax year
2024
Filed
5 March 2026
IRS schema version
2024v5.5
Source object
202620659349301147

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