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Nonprofiteer
← ACTION FOR BOSTON COMMUNITY DEVELOPMENT REAL ESTATE CORP

Form 990 for tax year 2023

Filed by ACTION FOR BOSTON COMMUNITY DEVELOPMENT REAL ESTATE CORP.

Totals

Total revenue
$462,868
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$4,038
Other revenue
$458,830
Total assets, end of year
$32,886,059
Total liabilities, end of year
$17,879
Net assets or fund balances, end of year
$32,868,180
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

  • 3 · Investment income

    total $4,038 · excluded $4,038

  • 6a · Gross rents

    real property $6,181,025

  • 6b · Less rental expenses

    real property $5,722,195

  • 6c · Rental income or loss

    real property $458,830

  • 6d · Net rental income or loss

    total $458,830 · related or exempt $458,830

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $331,001 · end of year $374,200

  • 4 · Accounts receivable

    beginning of year $1,585,842 · end of year $1,896,275

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

    $32,205,783

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

    $18,770,611

  • 10c · Land, buildings and equipment, net

    beginning of year $13,207,900 · end of year $13,435,172

  • 15 · Other assets

    beginning of year $17,298,448 · end of year $17,180,412

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,879 · end of year $17,879

  • 27 · Net assets without donor restrictions

    beginning of year $32,405,312 · end of year $32,868,180

Mission and programs · 2023

Mission

ABCD REAL ESTATE WAS ESTABLISHED TO ACQUIRE AND HOLD REAL ESTATE AND TO LEASE SUCH REAL ESTATE TO ABCD, INC. AND OR DESIGNEES IN ORDER TO REDUCE SPACE COSTS THROUGH EXEMPTION OF PROPERTY TAXES AND OTHER ECONOMIES.

Activities or mission (Part I)

SEE SCHEDULE O

  • THE ORGANIZATION HELD AND LEASED THE REAL ESTATE FOR AND TO ITS RELATED ORGANIZATION, ACTION FOR BOSTON COMMUNITY DEVELOPMENT, INC.

    Revenue $458,830

As filed on the 2023 return.

Listed in Part VII

  • MARY CHIN

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • KATHLEEN FLYNN

    CLERK

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • PATRICIA WASHINGTON

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JEAN M BABCOCK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SEAN DAUGHTRY

    EX OFFICIO DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • YVONNE L JONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JAMES OWENS JR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SHARON SCOTT-CHANDLER

    PRESIDENT/CEO

    Total calculated
    $382,082
    From this org
    $0
    From related orgs
    $317,554
    Other
    $64,528
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $316,741 related
    Bonus
    $0
    Other
    $0 + $813 related
    Deferred
    $0 + $30,800 related
    Nontaxable benefits
    $0 + $33,728 related
    Filer's total
    $0 + $382,082 related

  • SHAYLA NAZAIRE

    CFO (AS OF 1/1/24)

    Total calculated
    $173,564
    From this org
    $0
    From related orgs
    $127,969
    Other
    $45,595
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $127,969 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,057 related
    Nontaxable benefits
    $0 + $32,538 related
    Filer's total
    $0 + $173,564 related

  • KATHLEEN DONAHUE

    FORMER CFO

    Total calculated
    $161,660
    From this org
    $0
    From related orgs
    $136,888
    Other
    $24,772
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $136,372 related
    Bonus
    $0
    Other
    $0 + $516 related
    Deferred
    $0 + $13,986 related
    Nontaxable benefits
    $0 + $10,786 related
    Filer's total
    $0 + $161,660 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

The filer's explanations (Part III)

SCHEDULE J, PART II
INDIVIDUALS LISTED IN PART II ARE PAID FOR THEIR SERVICES RENDERED TO A RELATED ORGANIZATION AND NOT FOR THEIR SERVICE ON THE GOVERNING BODY OF THE FILING ORGANIZATION.

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.

Provenance

Return type
form_990
Tax year
2023
Filed
15 July 2025
IRS schema version
2023v6.0
Source object
202531969349302608

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