Totals
- Total revenue
- $420,930
- Total expenses
- $587,668
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $412,977
- Investment income
- $0
- Other revenue
- $7,953
- Total assets, end of year
- $2,692,794
- Total liabilities, end of year
- $653,077
- Net assets or fund balances, end of year
- $2,039,717
- Program services expenses (Part IX)
- $551,573
- Management and general expenses
- $36,095
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $551,573
Program services were 93.9% 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 $412,977 · related or exempt $412,977
-
11a · Other revenue: OTHER INCOME
total $7,953 · related or exempt $7,953
-
11e · Other revenue, total
$7,953
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $24,779 · management and general $24,779
-
11c · Fees: accounting
total $11,316 · management and general $11,316
-
20 · Interest
total $29,966 · program services $29,966
-
22 · Depreciation, depletion and amortization
total $152,402 · program services $152,402
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $132,842 · program services $132,842
-
24b · Other expenses: TAXES & INSURANCE
total $86,551 · program services $86,551
-
24c · Other expenses: UTILITIES
total $77,607 · program services $77,607
-
24d · Other expenses: ADMINISTRATIVE
total $72,205 · program services $72,205
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $20,725 · end of year $26,935
-
2 · Savings and temporary cash investments
beginning of year $115,106 · end of year $102,801
-
4 · Accounts receivable
beginning of year $43 · end of year $1,433
-
9 · Prepaid expenses and deferred charges
beginning of year $7,316 · end of year $7,804
-
10a · Land, buildings and equipment: cost or other basis
$5,220,705
-
10b · Land, buildings and equipment: accumulated depreciation
$2,666,884
-
10c · Land, buildings and equipment, net
beginning of year $2,683,798 · end of year $2,553,821
-
17 · Accounts payable and accrued expenses
beginning of year $51,662 · end of year $54,865
-
19 · Deferred revenue
beginning of year $625
-
23 · Secured mortgages and notes payable
beginning of year $568,246 · end of year $598,212
-
27 · Net assets without donor restrictions
beginning of year -$1,926,998 · end of year -$2,063,770
-
28 · Net assets with donor restrictions
beginning of year $4,133,453 · end of year $4,103,487
Mission and programs · 2022
Mission
TO DEVELOP & MANAGE LOW INCOME HOUSING FOR THE ELDERLY AND DISABLED.
Activities or mission (Part I)
TO PROVIDE SUBSIDIZED LOW INCOME HOUSING FOR THE ELDERLY AND DISABLED.
-
TO DEVELOP & MANAGE LOW INCOME HOUSING FOR THE ELDERLY AND DISABLED.
Expenses $551,573 · Revenue $420,930
As filed on the 2022 return.
Listed in Part VII
-
Beverly SomervilleBEVERLY SOMERVILLE
PRESIDENT/CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
David KilnappDAVID KILNAPP
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Patrick NeenanPATRICK NEENAN
VICE TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Daryl MayersDARYL MAYERS
ASSISTANT CLERK
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jeff GraeberJEFF GRAEBER
CLERK
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Michael McGowanMICHAEL MCGOWAN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Carol DeloreyCAROL DELOREY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Michael HealyMICHAEL HEALY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Dominga MaldonadoDOMINGA MALDONADO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Richard PetersonRICHARD PETERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Thomas KingTHOMAS KING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Steven BorgersonSTEVEN BORGERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jeffrey CharnelJEFFREY CHARNEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Erin Kelley-GreenERIN KELLEY-GREEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Goretti JoaquimGORETTI JOAQUIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Antoinette Pabon GreenANTOINETTE PABON GREEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Greidy TerreroGREIDY TERRERO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Lashaunda WatsonLASHAUNDA WATSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Robert CorleyROBERT CORLEY
CHIEF EXECUTIVE OFFICER
- Total calculated
- $323,040
- From this org
- $0
- From related orgs
- $282,943
- Other
- $40,097
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $282,943 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $14,440 related
- Nontaxable benefits
- $0 + $25,657 related
- Filer's total
- $0 + $323,040 related
-
Maureen PetersenMAUREEN PETERSEN
CHIEF FINANCIAL OFFICER
- Total calculated
- $203,790
- From this org
- $0
- From related orgs
- $170,194
- Other
- $33,596
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $170,194 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $8,804 related
- Nontaxable benefits
- $0 + $24,792 related
- Filer's total
- $0 + $203,790 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
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
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
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.
-
NEIGHBORWORKS HOUSING SOLUTIONS
501(C)(3) · TO PROVIDE SUBSIDIZED LOW INCOME HOUSING. · MA
-
HOUSING SOLUTIONS FOR SOUTHEASTERN MASSACHUSETTS
501(C)(3) · TO PROVIDE SUBSIDIZED LOW INCOME HOUSING. · MA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 28 March 2023
- IRS schema version
- 2022v5.0
- Source object
- 202320879349301432
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