Form 990 for tax year 2023

Filed by FIELDS CORNER HOUSING CORPORATION.

Totals

Total revenue: $212,022
Total expenses: $324,149
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $208,013
Investment income: $855
Other revenue: $3,154
Total assets, end of year: $4,241,269
Total liabilities, end of year: $5,306,310
Net assets or fund balances, end of year: -$1,065,041
Program services expenses (Part IX): $320,399
Management and general expenses: $3,750
Fundraising expenses: $0
Program service expenses (Part III): $320,399

Program services were 98.8% 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 $208,013 · related or exempt $208,013
3 · Investment income

total $855 · excluded $855
11a · Other revenue: MISCELLANEOUS

total $3,154 · related or exempt $3,154
11e · Other revenue, total

$3,154

Functional expenses

Part IX, the statement of functional expenses.

11a · Fees: management

total $8,159 · program services $8,159
11b · Fees: legal

total $31,777 · program services $31,777
11c · Fees: accounting

total $3,750 · management and general $3,750
11g · Fees: other

total $76,004 · program services $76,004
13 · Office expenses

total $10,394 · program services $10,394
16 · Occupancy

total $95,174 · program services $95,174
20 · Interest

total $9,898 · program services $9,898
22 · Depreciation, depletion and amortization

total $73,791 · program services $73,791
24a · Other expenses: MISCELLANEOUS

total $9,863 · program services $9,863
24b · Other expenses: BAD DEBTS

total $5,339 · program services $5,339

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $95,900 · end of year $221,663
4 · Accounts receivable

beginning of year $32,624 · end of year $36,753
9 · Prepaid expenses and deferred charges

beginning of year $6,897 · end of year $5,465
10a · Land, buildings and equipment: cost or other basis

$3,307,377
10b · Land, buildings and equipment: accumulated depreciation

$1,540,269
10c · Land, buildings and equipment, net

beginning of year $1,811,647 · end of year $1,767,108
15 · Other assets

beginning of year $1,698,226 · end of year $2,210,280
17 · Accounts payable and accrued expenses

beginning of year $290,415 · end of year $360,244
23 · Secured mortgages and notes payable

beginning of year $2,820,824 · end of year $2,806,282
25 · Other liabilities

beginning of year $1,486,969 · end of year $2,139,784
27 · Net assets without donor restrictions

beginning of year -$952,914 · end of year -$1,065,041

Mission and programs · 2023

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME RESIDENTS IN THE FIELDS CORNER AND GREATER DORCHESTER AREA.

Activities or mission (Part I)

FIELDS CORNER HOUSING CORPORATION WAS FOUNDED IN 1999 TO PROVIDE AFFORDABLE HOUSING TO RESIDENTS IN THE FIELDS CORNER NEIGHBORHOOD OF THE CITY OF BOSTON.

TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME IN THE FIELDS CORNER AND GREATER DORCHESTER AREA

Expenses $320,399 · Revenue $211,167

As filed on the 2023 return.

Listed in Part VII

Kim ThaiKIM THAI

CHAIR

Total calculated

$0

Hours/week

0.1 + 1 related
Danielle GoatleyDANIELLE GOATLEY

TREASURER

Total calculated

$0

Hours/week

0.1 + 1 related
Kerry McGowanKERRY MCGOWAN

CLERK

Total calculated

$0

Hours/week

0.1 + 1 related
Khang NguyenKHANG NGUYEN

MEMBER

Total calculated

$0

Hours/week

0.1 + 1 related
Jim CollinsJIM COLLINS

MEMBER

Total calculated

$0

Hours/week

0.1 + 1 related
Aisha MillerAISHA MILLER

MEMBER

Total calculated

$0

Hours/week

0.1 + 1 related
George HuynhGEORGE HUYNH

EXECUTIVE DIRECTOR

Total calculated

$136,819

From this org

$0

From related orgs

$127,834

Other

$8,985

Hours/week

0.5 + 37 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.

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.

VIETNAMESE AMERICAN INITIATIVE FOR DEVELOPMENT INC

501(C)(3) · AFFORDABLE HOUSING · 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.

1392 DORCHESTER AVENUE LLC

REAL ESTATE · MA · income $111,684 · assets $1,101,508

Directly controlled by FIELDS CORNER HOUSING CORPORATION

Related partnerships

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

BLOOMFIELD GARDENS LIMITED PARTNERSHIP

AFFORDABLE HOUSING · MA
1460 HOUSE LIMITED PARTNERSHIP

AFFORDABLE HOUSING · MA
UW4 LIMITED PARTNERSHIP

AFFORDABLE HOUSING · MA
191-195 BOWDOIN LIMITED PARTNERSHIP

AFFORDABLE HOUSING · MA

Related corporations and trusts

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

BLOOMFIELD GARDENS GP INC

C · AFFORDABLE HOUSING · MA
1460 HOUSE GP INC

C · AFFORDABLE HOUSING · MA
UW4 GP LLC

C · AFFORDABLE HOUSING · MA
191-195 BOWDOIN GP LLC

C · AFFORDABLE HOUSING · MA

Provenance

Return type: form_990
Tax year: 2023
Filed: 26 August 2024
IRS schema version: 2023v5.1
Source object: 202432409349301228

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.