Form 990 for tax year 2023
Filed by BOSTON NEIGHBORHOOD COMMUNITY LAND TRUST INC.
Totals
- Total revenue
- $1,831,002
- Total expenses
- $1,086,556
- Contributions and grants received
- $1,159,090
- Grants paid
- $0
- Program service revenue
- $655,736
- Investment income
- $13,985
- Other revenue
- $2,191
- Total assets, end of year
- $11,042,789
- Total liabilities, end of year
- $7,765,117
- Net assets or fund balances, end of year
- $3,277,672
- Program services expenses (Part IX)
- $937,371
- Management and general expenses
- $97,438
- Fundraising expenses
- $51,747
- Program service expenses (Part III)
- $937,371
Program services were 86.3% 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.
-
1f · All other contributions, gifts and grants
$1,159,090
-
2a · Program service revenue: RENTAL INCOME
total $655,736 · related or exempt $655,736
-
3 · Investment income
total $13,985 · excluded $13,985
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: OTHER REVENUE
total $2,191 · related or exempt $2,191
-
11e · Other revenue, total
$2,191
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $102,909 · program services $82,327 · management and general $12,349 · fundraising $8,233
-
7 · Other salaries and wages
total $240,977 · program services $192,782 · management and general $28,917 · fundraising $19,278
-
9 · Other employee benefits
total $76,682 · program services $61,345 · management and general $9,201 · fundraising $6,136
-
10 · Payroll taxes
total $26,211 · program services $20,969 · management and general $3,145 · fundraising $2,097
-
11a · Fees: management
total $104,588 · program services $104,588
-
11b · Fees: legal
total $10,187 · program services $10,187
-
11c · Fees: accounting
total $63,724 · program services $63,724
-
11g · Fees: other
total $54,679 · program services $42,426 · fundraising $12,253
-
13 · Office expenses
total $32,576 · management and general $32,576
-
16 · Occupancy
total $157,764 · program services $142,764 · management and general $11,250 · fundraising $3,750
-
20 · Interest
total $175,672 · program services $175,672
-
24a · Other expenses: REAL ESTATE TAX EXPENSE
total $40,587 · program services $40,587
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,008,565 · end of year $1,036,902
-
3 · Pledges and grants receivable
beginning of year $166,659
-
4 · Accounts receivable
beginning of year $26,743 · end of year $208,865
-
9 · Prepaid expenses and deferred charges
beginning of year $1,739 · end of year $14,430
-
10a · Land, buildings and equipment: cost or other basis
$10,050,029
-
10b · Land, buildings and equipment: accumulated depreciation
$447,022
-
10c · Land, buildings and equipment, net
beginning of year $8,788,858 · end of year $9,603,007
-
15 · Other assets
beginning of year $146,553 · end of year $179,585
-
17 · Accounts payable and accrued expenses
beginning of year $261,534 · end of year $272,655
-
19 · Deferred revenue
beginning of year $9,566 · end of year $15,156
-
23 · Secured mortgages and notes payable
beginning of year $7,350,841 · end of year $7,419,814
-
25 · Other liabilities
beginning of year $58,885 · end of year $57,492
-
27 · Net assets without donor restrictions
beginning of year $2,417,041 · end of year $3,277,672
-
28 · Net assets with donor restrictions
beginning of year $41,250
Mission and programs · 2023
Mission
TO COLLECTIVELY WORK WITH PARTNERS TO STATBILIZE NEIGHBORHOODS BY PROVIDING INNOVATIVE MEANS BY WHICH AS MANY RESIDENTS OF FORECLOSED OCCUPIED HOMES AS SOON AS POSSIBLE CAN STAY IN (CONTINUED - SEE SCH O)
Activities or mission (Part I)
TO COLLECTIVELY WORK WITH PARTNERS TO STABILIZE NEIGBORHOODS BY INNOVATIVE MEANS
-
- DEVELOPMENT OF BEST PRACTICE MODELS FOR HOME OWNERSHIP OF FORECLOSED PROPERTIES. - ACQUISITION AND REHABILITATION OF FORCLOSED OR AT RISK RESIDENTIAL UNITS IN THE THE GREATER BOSTON AREA.
Expenses $937,371 · Revenue $655,736
As filed on the 2023 return.
Listed in Part VII
-
Alma ChislomALMA CHISLOM
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Gregory BialeckiGREGORY BIALECKI
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Eloise P LawrenceELOISE P LAWRENCE
CLERK
- Total calculated
- $0
- Hours/week
- 1
-
Kathy BrownKATHY BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan ChihambakweSUSAN CHIHAMBAKWE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Erica SchwarzERICA SCHWARZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cortina VannCORTINA VANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Denise Matthews-TurnerDENISE MATTHEWS-TURNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joel WoolJOEL WOOL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joceline FidalgoJOCELINE FIDALGO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric BoydERIC BOYD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jean Paul DohJEAN PAUL DOH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cindy HeraldoCINDY HERALDO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Meridith LevyMERIDITH LEVY
EXECUTIVE DIRECTOR
- Total calculated
- $102,909
- From this org
- $102,909
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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.
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.
-
COHIF PILOT PROJECT DEVELOPMENT LLC
RESIDENTIAL RENTAL REAL ESTATE · MA · income $210,041 · assets $3,071,747
Directly controlled by BNCLT INC
-
COHIF COMMUNITY STABILIZATION PROJECT LLC
RESIDENTIAL RENTAL REAL ESTATE · MA · income $87,453 · assets $1,672,513
Directly controlled by BNCLT INC
-
BNCLT REAL ESTATE LLC
RESIDENTIAL RENTAL REAL ESTATE · MA · income $987,629 · assets $6,398,984
Directly controlled by BNCLT INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541359349318914
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