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← NEIGHBORHOOD OF AFFORDABLE HOUSING INC

Form 990 for tax year 2022

Filed by NEIGHBORHOOD OF AFFORDABLE HOUSING INC.

Totals

Total revenue
$12,033,163
Total expenses
$12,482,189
Contributions and grants received
$9,704,573
Grants paid
$6,270,825
Program service revenue
$2,296,156
Investment income
$0
Other revenue
$32,434
Total assets, end of year
$30,349,650
Total liabilities, end of year
$28,317,627
Net assets or fund balances, end of year
$2,032,023
Program services expenses (Part IX)
$12,042,641
Management and general expenses
$240,723
Fundraising expenses
$198,825
Program service expenses (Part III)
$12,042,641

Program services were 96.5% 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.

  • 1a · Federated campaigns

    $120,574

  • 1c · Fundraising events

    $9,535

  • 1e · Government grants (contributions)

    $8,938,162

  • 1f · All other contributions, gifts and grants

    $636,302

  • 2a · Program service revenue: RENTAL INCOME

    total $1,420,694 · related or exempt $1,420,694

  • 2b · Program service revenue: DEVELOPER FEES

    total $423,154 · related or exempt $423,154

  • 2c · Program service revenue: PROPERTY AND PROJECT MANAGEMENT F

    total $312,547 · related or exempt $312,547

  • 2d · Program service revenue: PROGRAM INTEREST INCOME

    total $139,761 · related or exempt $139,761

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $9,535

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: MISCELLANEOUS

    total $32,434 · related or exempt $32,434

  • 11e · Other revenue, total

    $32,434

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $6,270,825 · program services $6,270,825

  • 5 · Compensation of officers, directors and key employees

    total $339,571 · program services $289,939 · management and general $18,285 · fundraising $31,347

  • 7 · Other salaries and wages

    total $1,386,226 · program services $1,220,448 · management and general $40,182 · fundraising $125,596

  • 9 · Other employee benefits

    total $179,408 · program services $171,814 · management and general $70 · fundraising $7,524

  • 10 · Payroll taxes

    total $151,469 · program services $131,663 · management and general $6,802 · fundraising $13,004

  • 11b · Fees: legal

    total $15,004 · program services $11,134 · management and general $3,870

  • 11c · Fees: accounting

    total $72,500 · program services $39,100 · management and general $33,400

  • 11g · Fees: other

    total $230,706 · program services $210,408 · management and general $15,013 · fundraising $5,285

  • 12 · Advertising and promotion

    total $6,328 · program services $6,328

  • 13 · Office expenses

    total $65,716 · program services $46,421 · management and general $17,761 · fundraising $1,534

  • 16 · Occupancy

    total $1,291,684 · program services $1,217,238 · management and general $62,954 · fundraising $11,492

  • 17 · Travel

    total $20,032 · program services $18,017 · management and general $2,015

  • 22 · Depreciation, depletion and amortization

    total $466,580 · program services $457,525 · management and general $8,000 · fundraising $1,055

  • 23 · Insurance

    total $357,454 · program services $338,017 · management and general $18,521 · fundraising $916

  • 24a · Other expenses: OTHER PROGRAM EXPENSES

    total $1,593,611 · program services $1,593,611

  • 24b · Other expenses: MISCELLANEOUS

    total $24,889 · program services $9,967 · management and general $13,850 · fundraising $1,072

  • 24c · Other expenses: BAD DEBT

    total $10,186 · program services $10,186

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,323,469 · end of year $3,166,907

  • 2 · Savings and temporary cash investments

    beginning of year $1,361,987 · end of year $1,388,967

  • 4 · Accounts receivable

    beginning of year $903,329 · end of year $1,378,694

  • 9 · Prepaid expenses and deferred charges

    beginning of year $32,461 · end of year $40,261

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

    $21,758,634

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

    $4,562,523

  • 10c · Land, buildings and equipment, net

    beginning of year $17,598,702 · end of year $17,196,111

  • 15 · Other assets

    beginning of year $4,751,256 · end of year $7,178,710

  • 17 · Accounts payable and accrued expenses

    beginning of year $520,015 · end of year $540,944

  • 23 · Secured mortgages and notes payable

    beginning of year $20,684,242 · end of year $20,870,071

  • 25 · Other liabilities

    beginning of year $4,285,898 · end of year $6,906,612

  • 27 · Net assets without donor restrictions

    beginning of year $784,519 · end of year $560,241

  • 28 · Net assets with donor restrictions

    beginning of year $1,696,530 · end of year $1,471,782

Mission and programs · 2022

Mission

SEE PAGE 1, LINE 1.

Activities or mission (Part I)

THE NEIGHBORHOOD OF AFFORDABLE HOUSING INC.'S (NOAH), A COMMUNITY DEVELOPMENT CORPORATION, PROMOTES EQUITY, COMMUNITY COHESION, ENVIRONMENTAL JUSTICE, AND ECONOMIC RESILIENCY. WE INCREASE ACCESS TO AFFORDABLE HOUSING, CREATE SOCIAL AND ECONOMIC OPPORTUNITIES, AND EMPOWER RESIDENTS TO BE LEADERS OF CHANGE.

  • NOAH RENTAL HOUSING COUNSELING/HOMELESSNESS PREVENTION PROGRAMMING: THIS FREE, BILINGUAL PROGRAM IS COMPRISED OF SEVERAL RELATED SERVICE LINES, ALL WORKING TO HELP NO-, LOW- OR MODERATE-INCOME HOUSEHOLDS MOVE ALONG THE HOUSING SPECTRUM FROM BEING EITHER HOMELESS OR AT RISK OF HOMELESSNESS TO BEING ABLE TO OBTAIN SHELTER OR ELSE TO RETAIN OR OBTAIN APARTMENT HOMES. THESE SERVICE LINES INCLUDE: -EHAP (EMERGENCY HOUSING ASSISTANCE PROGRAM) - SERVES NEWLY HOMELESS DISASTER VICTIMS; PROVIDES SHORT-TERM EMERGENCY HOTEL STAYS IMMEDIATELY FOLLOWING ANY SUCH RED CROSS ASSISTANCE, AS WELL AS MOVE-IN GRANTS PAID TO THE NEW LANDLORD (DEPOSIT FOR FIRST/ OR LAST MONTH RENT UP TO $3,200); ALSO PROVIDES COUNSELING/CASE MANAGEMENT, AS NEEDED. THIS EHAP PROGRAM WAS FIRST ESTABLISHED IN 2020 AND BENEFITED 1,353 GRANT RECIPIENTS THUS FAR AND WILL CONTINUE INTO 2023.-FSNP (FAMILY SAFETY NET) - SERVES RECENTLY HOMELESS FAMILIES WITH MINOR CHILDREN; PROVIDES SHORT-TERM EMERGENCY HOTEL STAYS, REFERRALS, AND/OR COUNSELING/CASE MANAGEMENT ASSISTANCE IN TRANSITIONING TO SHELTER OR HOUSING-FAP (FINANCIAL ASSISTANCE) - SERVES HOMELESS OR THOSE AT RISK OF HOMELESSNESS; PROVIDES RENTAL FUNDING GRANTS PAID TO LANDLORDS TO PREVENT EVICTIONS 'UPSTREAM' (PREFERRED) OR FOR FIRST OR LAST AND DEPOSIT FOR NEW APARTMENTS UP TO $2,500-HOMELESSNESS PREVENTION - PROVIDES COUNSELING AND/OR CASE MANAGEMENT FOR HOUSEHOLDS AT RISK OF HOMELESSNESS SOON, BUT NOT IMMEDIATELY OR FOR THOSE WHO DO NOT MEET THE CRITERIA OF THE THREE SERVICE LINES ABOVE-COVID-19 RENT RELIEF - SERVES HOUSEHOLDS NEGATIVELY IMPACTED FINANCIALLY BY COVID-19; PROVIDES RENT PAYMENTS TO LANDLORDS TO KEEP HOUSEHOLDS IN THEIR APARTMENT HOMES THROUGH PAYING RENTAL ARREARS AND/OR FUTURE STIPENDS; ALSO PAYS LATE UTILITY BILLS UP TO $1,500 AND/OR MOVE-IN COSTS.

    Expenses $8,024,826 · Grants $6,270,825

  • RENTAL: PROVIDES AFFORDABLE HOUSING TO PEOPLE IN NEED.

    Expenses $1,936,718 · Revenue $1,420,694

  • REAL ESTATE AND ECONOMIC DEVELOPMENT: DEVELOP AFFORDABLE HOUSING OWNERSHIP AND RENTAL UNITS FOR LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES.

    Expenses $356,816 · Revenue $595,349

  • SENIOR HOME REPAIR: ASSISTS LOW INCOME SENIORS WHO ARE HOMEOWNERS IN MAINTAINING THEIR RESIDENCES SAFELY AND UPGRADE AND REPAIR HEATING SYSTEMS.

    Expenses $189,975

  • HOMEBUYER SERVICES: PROVIDES SERVICES RELATED TO HOME BUYING TO FIRST TIME HOMEBUYERS WHO ARE PRIMARILY LOW TO MODERATE INCOME INDIVIDUALS/FAMILIES. ALSO PROVIDES SERVICES RELATING TO FORECLOSURE MITIGATION AND PREVENTION COUNSELING. NOAH OFFERS THIS TO INDIVIDUALS AND FAMILIES WHO ARE BEHIND ON THEIR MORTGAGE PAYMENTS OR MAY SOON BECOME SO, OR IN THE FORECLOSURE PROCESS WITH THEIR LENDERS. FINANCIAL LITERACY, CREDIT AND BUDGETING EDUCATION: PROVIDES LOW-AND MODERATE INCOME COMMUNITY MEMBERS UP TO EIGHT HOURS OF FREE COURSEWORK TEACHING HOW TO ESTABLISH AND MAINTAIN A RECORD OF GOOD CREDIT, HOW TO UNDERSTAND CREDIT SCORING AND HOW TO SET AND REACH FINANCIAL GOALS. ALSO OFFERS FREE VOLUNTEER INCOME TAX ASSISTANCE DURING THE TAX YEAR FOR LOW-MODERATE INCOME INDIVIDUALS AND FAMILIES WHO QUALIFY.

    Expenses $464,378

  • PROPERTY MANAGEMENT: OVERSEES APPROXIMATELY 130 UNITS OF AFFORDABLE HOUSING PRIMARILY IN EAST BOSTON, INCLUDING TRINITY HOUSE, WHICH IS DEDICATED TO THE HOMELESS.

    Expenses $537,653 · Revenue $312,547

  • COMMUNITY SERVICES: WORKS WITH COMMUNITY MEMBERS FROM EAST BOSTON TO IMPROVE THE ENVIRONMENT, ENHANCE THE QUALITY OF LIFE AND DEVELOP LEADERSHIP SKILLS OF RESIDENTS OF EAST BOSTON AND BEYOND. THESE GOALS ARE ACHIEVED BY INVOLVING A BROAD RANGE OF RESIDENTS AND COMMUNITY ASSOCIATIONS IN THE PLANNING, DESIGN, IMPLEMENTATION, MAINTENANCE, AND PROGRAMMING OF ENVIRONMENTAL RESTORATION PROJECTS, AS WELL AS COMMUNITY ORGANIZING PROJECTS. ALSO PROVIDES ENGLISH CLASSES FOR SPEAKERS OF OTHER LANGUAGES (ESOL), AND SUMMER SOCCER AND SCHOOLYARD PROGRAMS FOR CHILDREN.

    Expenses $532,275

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Philip R Giffee

    EXECUTIVE DIRECTOR

    Total calculated
    $208,980
    From this org
    $178,708
    From related orgs
    $0
    Other
    $30,272
    Hours/week
    37.5 + 1.25 related

    Schedule J breakdown matched by us

    Base
    $178,708
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $30,272
    Filer's total
    $208,980

  • Linda Miller-Foster

    DIRECTOR OF ADMIN AND FUNDRAISING

    Total calculated
    $132,233
    From this org
    $120,903
    From related orgs
    $0
    Other
    $11,330
    Hours/week
    37.5

  • Vinny Qualtieri

    DIRECTOR OF FINANCE & ADMIN

    Total calculated
    $130,591
    From this org
    $120,759
    From related orgs
    $0
    Other
    $9,832
    Hours/week
    37.5 + 1.25 related

  • Michael Lake

    PRESIDENT (UNTIL 2/2022)

    Total calculated
    $0
    Hours/week
    0.25 + 1.25 related

  • Marc Savatsky

    VICE PRESIDENT (UNTIL 2/2022)

    Total calculated
    $0
    Hours/week
    0.25 + 1.25 related

  • Robert Schmidt

    SECRETARY/ CLERK

    Total calculated
    $0
    Hours/week
    0.25 + 1.25 related

  • Orlando Pacheco

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.25 + 1.25 related

  • Ricardo Patron

    BOARD MEMBER (UNTIL 2/2022)

    Total calculated
    $0
    Hours/week
    0.25 + 1.25 related

  • Ernani De Araujo Esq

    BOARD MEMBER (UNTIL 2/2022)

    Total calculated
    $0
    Hours/week
    0.25 + 1.25 related

  • Greg Comeau CPA

    BOARD MEMBER (UNTIL 2/2022)

    Total calculated
    $0
    Hours/week
    0.25 + 1.25 related

  • Rick High

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 1.25 related

  • David Lank

    BOARD MEMBER (UNTIL 2/2022)

    Total calculated
    $0
    Hours/week
    0.25 + 1.25 related

  • Joseph Ruggerio

    BOARD MEMBER (UNTIL 2/2022)

    Total calculated
    $0
    Hours/week
    0.25 + 1.25 related

  • Carrie Tennant Esq

    BOARD MEMBER (UNTIL 2/2022)

    Total calculated
    $0
    Hours/week
    0.25 + 1.25 related

  • Cynthia Baxter

    BOARD MEMBER (UNTIL 2/2022)

    Total calculated
    $0
    Hours/week
    0.25 + 1.25 related

  • Claudia Correa

    BOARD MEMBER (UNTIL 2/2022)

    Total calculated
    $0
    Hours/week
    0.25 + 1.25 related

  • Ana Alonzo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 1.25 related

  • David Bryant

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 1.25 related

  • Monica Barrera

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 1.25 related

  • Nanita Gaeta Coletta

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 1.25 related

  • Catherine McCandless

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 1.25 related

  • Karla Reyes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25 + 1.25 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 · 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.

  • PEACE PROPERTIES INC

    501(C)(3) · PURCHASING AND DEVELOPING AFFORDABLE HOUSING · MA · controlled entity

    Directly controlled by NOAH

  • PAZ PROPERTIES INC

    501(C)(2) · RENTAL PROPERTIES FOR LOW TO MODERATE INCOME FAMILIES · MA · controlled entity

    Directly controlled by NOAH

  • SHALOM PROPERTIES INC

    501(C)(2) · RENTAL PROPERTIES FOR LOW TO MODERATE INCOME FAMILIES · MA · controlled entity

    Directly controlled by NOAH

  • NOAH COMMUNITY DEVELOPMENT FUND INC

    501(C)(3) · PROVIDES LOANS AND COUNSELING TO LOW/MODERATE INCOME FAMILIES · MA · controlled entity

    Directly controlled by NOAH

  • SIOCHAIN PROPERTIES INC

    501(C)(3) · MANAGING MEMBER OF A LIMITED PARTNERSHIP · MA · controlled entity

    Directly controlled by NOAH

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.

  • PACO PROPERTIES LLC

    HOLDS TITLE TO REAL PROPERTY LOCATED IN E. BOSTON AND COLLECT RENTAL INCOME. · MA · income $1,022,415 · assets $15,617,267

    Directly controlled by NOAH

  • SIOCHAIN PROPERTIES LIMITED PARTNERSHIP

    PROVIDES HOUSING FOR LOW TO MODERATE INCOME INDIVIDUALS/FAMILIES · MA · income $201,424 · assets $1,383,330

    Directly controlled by NOAH

  • TRINITY HOUSE LLC

    HOLDS TITLE TO REAL PROPERTY LOCATED IN E. BOSTON AND COLLECT RENTAL INCOME. · MA · income $167,840 · assets $1,197,069

    Directly controlled by NOAH

  • AILERON HOMEOWNERSHIP LLC

    ACQUIRES LAND AND DEVELOPS SEVEN FOR-SALE CONDOMINIUM UNITS · MA · income $0 · assets $2,612,366

    Directly controlled by NOAH

  • UNION BLOCK RENTAL GP LLC

    GENERAL PARTNER OF A LIMITED PARTNERSHIP · MA · income $0 · assets $0

    Directly controlled by NOAH

  • UNION RENTAL LIMITED PARTNERSHIP

    RENTAL PROPERTIES FOR LOW TO MODERATE INCOME FAMILIES · MA · income $0 · assets $0

    Directly controlled by UNION BLOCK RENTAL GP LLC

Related partnerships

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

  • STEVENS CORNER LP

    N/A · PROVIDES AFFORDABLE HOUSING (42 UNITS) FOR INDIVIDUALS IN NORTH ANDOVER. · MA

  • BENFIELD FARMS LP

    N/A · PROVIDES AFFORDABLE HOUSING (26 UNITS) FOR INDIVIDUALS IN CARLISLE, MA. · MA

  • SITKOWSKI LP

    N/A · PROVIDES AFFORDABLE HOUSING (66 UNITS) FOR INDIVIDUALS IN WEBSTER MA. · MA

  • SHOE SHOP LP

    N/A · PROVIDES AFFORDABLE HOUSING (25 UNITS) FOR INDIVIDUALS IN MIDDLEBORO. · MA

  • COPPERSMITH VILLAGE RENTAL LP

    N/A · PROVIDES AFFORDABLE HOUSING (56 UNITS) FOR INDIVIDUALS IN EAST BOSTON, MA. · MA

Related corporations and trusts

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

  • BENFIELD GP LLC

    C · MANAGING MEMBER OF A LIMITED LIABILITY COMPANY · MA · 100% owned · share of assets $100 · controlled entity

    Directly controlled by NOAH

  • COPPERSMITH VILLAGE RENTAL GP LLC

    C · MANAGING MEMBER OF A LIMITED LIABILITY COMPANY · MA · 79% owned · controlled entity

    Directly controlled by NOAH

  • SHOE SHOP GP LLC

    C · MANAGING MEMBER OF A LIMITED LIABILITY COMPANY · MA · 100% owned · share of assets $100 · controlled entity

    Directly controlled by NOAH

  • SITKOWSKI GP LLC

    C · MANAGING MEMBER OF A LIMITED LIABILITY COMPANY · MA · 79% owned · share of income $36 · share of assets $79 · controlled entity

    Directly controlled by NOAH

  • STEVENS CORNER GP INC

    C · MANAGING MEMBER OF A LIMITED LIABILITY COMPANY · MA · 79% owned · controlled entity

    Directly controlled by NOAH

Provenance

Return type
form_990
Tax year
2022
Filed
7 August 2023
IRS schema version
2022v5.0
Source object
202302209349301710

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