Totals
- Total revenue
- $1,049,331
- Total expenses
- $651,857
- Contributions and grants received
- $786,778
- Grants paid
- $0
- Program service revenue
- $236,513
- Investment income
- $26,040
- Other revenue
- $0
- Total assets, end of year
- $2,700,315
- Total liabilities, end of year
- $257,045
- Net assets or fund balances, end of year
- $2,443,270
- Program services expenses (Part IX)
- $597,003
- Management and general expenses
- $54,854
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $597,003
Program services were 91.6% 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.
-
1e · Government grants (contributions)
$786,778
-
2a · Program service revenue: TENANT RENTAL PAYMENTS
total $236,513 · related or exempt $236,513
-
3 · Investment income
total $26,040 · excluded $26,040
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $22,510 · management and general $22,510
-
11c · Fees: accounting
total $30,810 · management and general $30,810
-
11g · Fees: other
total $104,606 · program services $104,606
-
13 · Office expenses
total $1,703 · program services $169 · management and general $1,534
-
16 · Occupancy
total $396,713 · program services $396,713
-
22 · Depreciation, depletion and amortization
total $95,515 · program services $95,515
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $51,512 · end of year $130,829
-
4 · Accounts receivable
beginning of year $33,809 · end of year $334,421
-
10a · Land, buildings and equipment: cost or other basis
$4,444,417
-
10b · Land, buildings and equipment: accumulated depreciation
$3,122,393
-
10c · Land, buildings and equipment, net
beginning of year $1,300,099 · end of year $1,322,024
-
15 · Other assets
beginning of year $921,487 · end of year $913,041
-
17 · Accounts payable and accrued expenses
beginning of year $140,036 · end of year $197,931
-
19 · Deferred revenue
beginning of year $30,464 · end of year $24,522
-
23 · Secured mortgages and notes payable
beginning of year $62,887 · end of year $7,731
-
25 · Other liabilities
beginning of year $27,724 · end of year $26,861
-
27 · Net assets without donor restrictions
beginning of year $2,045,796 · end of year $2,443,270
Mission and programs · 2023
Mission
PROVIDE HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS.
Activities or mission (Part I)
THE ORGANIZATION'S MISSION IS TO ACQUIRE, RENOVATE AND OPERATE RENTAL COMPLEXES TO ADULTS WITH MENTAL ILLNESS WHO MEET SECTION 8 TENANT ELIGIBILITY REQUIREMENTS DEFINED BY HUD.
-
RESIDENTIAL RENTAL HOUSING TO 65 TENANTS UNDER SEC 202 OF THE NATIONAL HOUSING ACT
Expenses $597,003 · Revenue $236,513
As filed on the 2023 return.
Listed in Part VII
-
Ajay ChadhaAJAY CHADHA
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 0.1 + 4 related
-
Anne LevineANNE LEVINE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 2.5 related
-
Anne RushANNE RUSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 2.5 related
-
Bruce G Goodman EsqBRUCE G GOODMAN ESQ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 2.5 related
-
Christopher LentoCHRISTOPHER LENTO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 2.5 related
-
Eddy DesirEDDY DESIR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 2.5 related
-
Gregory BusconeGREGORY BUSCONE
TREASURER
- Total calculated
- $0
- Hours/week
- 0.1 + 4 related
-
Jean McGuireJEAN MCGUIRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 2.5 related
-
Lisa BlakeLISA BLAKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 2.5 related
-
Louis JosephsonLOUIS JOSEPHSON
PRESIDENT/CEO (THRU 06/2024)
- Total calculated
- $455,719
- From this org
- $0
- From related orgs
- $408,458
- Other
- $47,261
- Hours/week
- 0.1 + 42 related
Schedule J breakdown matched by us
- Base
- $0 + $386,170 related
- Bonus
- $0 + $19,250 related
- Other
- $0 + $3,038 related
- Deferred
- $0 + $22,500 related
- Nontaxable benefits
- $0 + $24,761 related
- Filer's total
- $0 + $455,719 related
-
Peter A PeasePETER A PEASE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 2.5 related
-
Robert J ThomasROBERT J THOMAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 2.5 related
-
Ruth FishbeinRUTH FISHBEIN
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 0.1 + 4 related
-
Sally ThompsonSALLY THOMPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 2.5 related
-
Seth Daly StennisSETH DALY STENNIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 2.5 related
-
Thomas J AitesTHOMAS J AITES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 2.5 related
-
William H SpragueWILLIAM H SPRAGUE
PRESIDENT/CEO (AS OF 6/2024)
- Total calculated
- $84,351
- From this org
- $0
- From related orgs
- $84,351
- Other
- $0
- Hours/week
- 0.1 + 42 related
-
William M Maffie IIIWILLIAM M MAFFIE III
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.1 + 2.5 related
-
William OakleyWILLIAM OAKLEY
DIRECTOR (THRU 06/2024)
- Total calculated
- $0
- Hours/week
- 0.1 + 2.5 related
-
Alison SanchezALISON SANCHEZ
CLERK (THRU 03/2024)
- Total calculated
- $87,201
- From this org
- $0
- From related orgs
- $79,210
- Other
- $7,991
- Hours/week
- 0.1 + 42 related
-
Hema MahaseHEMA MAHASE
ASSISTANT CLERK
- Total calculated
- $89,782
- From this org
- $0
- From related orgs
- $75,101
- Other
- $14,681
- Hours/week
- 0.1 + 42 related
-
Kerry J OllenKERRY J OLLEN
ASST TREASURER/SVP/CFO (THRU 07/2023)
- Total calculated
- $271,786
- From this org
- $0
- From related orgs
- $258,653
- Other
- $13,133
- Hours/week
- 0.1 + 42 related
Schedule J breakdown matched by us
- Base
- $0 + $233,520 related
- Bonus
- $0 + $136 related
- Other
- $0 + $24,997 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $13,133 related
- Filer's total
- $0 + $271,786 related
-
Marcel VernonMARCEL VERNON
CFO & ASST. TREASURER (AS OF 07/2023)
- Total calculated
- $161,582
- From this org
- $0
- From related orgs
- $147,948
- Other
- $13,634
- Hours/week
- 0.1 + 42 related
Schedule J breakdown matched by us
- Base
- $0 + $147,298 related
- Bonus
- $0 + $100 related
- Other
- $0 + $550 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $13,634 related
- Filer's total
- $0 + $161,582 related
-
James LapradeJAMES LAPRADE
FORMER SVP OPERATIONS
- Total calculated
- $196,342
- From this org
- $0
- From related orgs
- $195,414
- Other
- $928
- Hours/week
- 0.1 + 42 related
Schedule J breakdown matched by us
- Base
- $0 + $11,812 related
- Bonus
- $0
- Other
- $0 + $183,602 related
- Deferred
- $0
- Nontaxable benefits
- $0 + $928 related
- Filer's total
- $0 + $196,342 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
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINE 3
- ALL EMPLOYEES WERE COMPENSATED BY A RELATED ORGANIZATION WHILE THEY SERVED AS OFFICERS OF THE ORGANIZATION DURING THE FISCAL YEAR. THE RELATED ORGANIZATION USED THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: - COMPENSATION COMMITTEE - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
- PART I, LINE 4B
- THE COMPENSATING ORGANIZATION HAS SPLIT DOLLAR LIFE POLICIES FOR CERTAIN EMPLOYEES. THE FOLLOWING EMPLOYEES LISTED ON SCHEDULE 990 PART VII SECTION A HAVE ADDITIONAL COMPENSATION INCLUDED IN THEIR W-2 WAGES FOR THE CALENDAR YEAR 2023 IN THE FOLLOWING AMOUNTS: KERRY J. OLLEN - $17,334 JAMES LAPRADE - $165,760 ($30,560 SPLIT DOLLAR POLICY, $135,200 ANNUITY CONTRACT TO SUPPLEMENT SPLIT DOLLAR POLICY) WILLIAM SPRAGUE - $84,351
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.
-
501(C)(3) · INACTIVE CORPORATION · MA
Directly controlled by BAY COVE HUMAN SERVICES INC
-
501(C)(3) · HUMAN SERVICES AGENCY · MA
-
BAY COVE MOSELEY GROUP HOME INC
501(C)(3) · RESIDENTIAL RENTAL · MA
Directly controlled by BAY COVE HUMAN SERVICES INC
-
BAY COVE ORCHARDFIELD RESIDENCE INC
501(C)(3) · RESIDENTIAL RENTAL · MA
Directly controlled by BAY COVE HUMAN SERVICES INC
-
BAY COVE HAMILTON GROUP HOME INC
501(C)(3) · RESIDENTIAL RENTAL · MA
Directly controlled by BAY COVE HUMAN SERVICES INC
-
501(C)(3) · HUMAN SERVICES AGENCY · MA
Directly controlled by BAY COVE HUMAN SERVICES INC
-
BAY COVE WOODWARD PARK RESIDENCE INC
501(C)(3) · RESIDENTIAL RENTAL · MA
Directly controlled by BAY COVE HUMAN SERVICES INC
-
501(C)(3) · HUMAN SERVICES AGENCY · MA
Directly controlled by BAY COVE HUMAN SERVICES INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531349349306158
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