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Nonprofiteer
← BOSTON CARPENTERS TRAINING CENTER

Form 990 for tax year 2024

Filed by BOSTON CARPENTERS TRAINING CENTER.

Totals

Total revenue
$603,733
Total expenses
$917,193
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$603,733
Investment income
$0
Other revenue
$0
Total assets, end of year
$7,659,509
Total liabilities, end of year
$9,613,545
Net assets or fund balances, end of year
-$1,954,036
Program services expenses (Part IX)
$917,193
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$917,193

Program services were 100.0% 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 FROM AFF

    total $603,733 · related or exempt $603,733

Functional expenses

Part IX, the statement of functional expenses.

  • 16 · Occupancy

    total $603,733 · program services $603,733

  • 22 · Depreciation, depletion and amortization

    total $313,460 · program services $313,460

Balance sheet

Part X, book values.

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

    $12,963,597

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

    $5,304,088

  • 10c · Land, buildings and equipment, net

    beginning of year $7,972,969 · end of year $7,659,509

  • 25 · Other liabilities

    beginning of year $9,613,545 · end of year $9,613,545

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$1,640,576 · end of year -$1,954,036

Mission and programs · 2024

Mission

THE CENTER WAS FORMED TO ACQUIRE, REHABILITATE, OWN, MAINTAIN AND OPERATE COMMERCIAL SPACE FOR RETAIL AND OFFICE LOCATED AT 750 DORCHESTER AVE IN BOSTON, MA IN ORDER TO DEVELOP UNDERSERVED AREAS BY CREATING QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS.

Activities or mission (Part I)

THE CENTER WAS FORMED TO ACQUIRE, REHABILITATE, OWN, MAINTAIN AND OPERATE COMMERCIAL SPACE FOR RETAIL AND OFFICE LOCATED AT 750 DORCHESTER AVENUE IN BOSTON, MASSACHUSETTS IN ORDER TO DEVELOP UNDERSERVED AREAS BY CREATING QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS.

  • THE CENTER WAS FORMED TO ACQUIRE, REHABILITATE, OWN, MAINTAIN AND OPERATE COMMERCIAL SPACE FOR RETAIL AND OFFICE LOCATED AT 750 DORCHESTER AVENUE IN BOSTON, MASSACHUSETTS IN ORDER TO DEVELOP UNDERSERVED AREAS BY CREATING QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS.

    Expenses $917,193 · Revenue $603,733

As filed on the 2024 return.

Listed in Part VII

  • Michael Holmes

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • William Maheris

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ziven Drake

    VICE PRESIDENT

    Total calculated
    $254,485
    From this org
    $0
    From related orgs
    $193,434
    Other
    $61,051
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $193,434 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $41,697 related
    Nontaxable benefits
    $0 + $19,354 related
    Filer's total
    $0 + $254,485 related

  • John Ferrante

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • David Minasian

    CLERK

    Total calculated
    $0
    Hours/week
    1 + 1 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
  • 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

The filer's explanations (Part III)

PART I, LINE 3
ZIVEN DRAKE RECEIVED COMPENSATION AND BENEFITS FROM THE NORTH ATLANTIC STATES CARPENTERS TRAINING FUND IN HER CAPACITY AS ASSISTANT EXECUTIVE DIRECTOR OF THAT 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
2024
Filed
31 October 2025
IRS schema version
2024v5.2
Source object
202533049349302858

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