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Nonprofiteer
← BOSTON POST ROAD HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2023

Filed by BOSTON POST ROAD HOUSING DEVELOPMENT FUND CORPORATION.

Totals

Total revenue
$227,364
Total expenses
$576,345
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$216,000
Investment income
$11,257
Other revenue
$107
Total assets, end of year
$1,368,865
Total liabilities, end of year
$3,608,064
Net assets or fund balances, end of year
-$2,239,199
Program services expenses (Part IX)
$539,096
Management and general expenses
$37,249
Fundraising expenses
$0
Program service expenses (Part III)
$539,096

Program services were 93.5% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $216,000 · related or exempt $216,000 · unrelated business $0

  • 3 · Investment income

    total $11,257 · excluded $11,257

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7d · Net gain or loss

    total $0

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $107 · related or exempt $0 · unrelated business $0 · excluded $107

  • 11e · Other revenue, total

    $107

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $13,824 · management and general $13,824

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $17,362 · program services $17,362

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $400 · program services $400

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $1,326 · program services $1,326

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $70,918 · program services $70,918

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $22,000 · program services $22,000

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $126,396 · program services $126,396

  • 23 · Insurance

    total $17,796 · program services $17,796

  • 24a · Other expenses: SECURITY SERVICES

    total $159,702 · program services $159,702

  • 24b · Other expenses: ALLOCATED PAYROLL & BENEFITS

    total $70,511 · program services $47,086 · management and general $23,425 · fundraising $0

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $59,961 · program services $59,961

  • 24d · Other expenses: MISCELLANEOUS

    total $16,149 · program services $16,149

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $91,972 · end of year $74,148

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $0

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

    $3,544,799

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

    $2,472,532

  • 10c · Land, buildings and equipment, net

    beginning of year $1,111,108 · end of year $1,072,267

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $290,368 · end of year $222,450

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,229 · end of year $17,922

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $2,200,000 · end of year $2,200,000

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,166,966 · end of year $1,390,142

  • 27 · Net assets without donor restrictions

    beginning of year -$1,889,747 · end of year -$2,239,199

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

ORGANIZED TO OWN, REHABILITATE, AND OPERATE A 20-UNIT HOUSING PROJECT PROVIDING PERMANENT HOUSING TO LOW-INCOME INDIVIDUALS.

  • ORGANIZED TO OWN, REHABILITATE, AND OPERATE A 20-UNIT HOUSING PROJECT PROVIDING PERMANENT HOUSING TO LOW-INCOME INDIVIDUALS.

    Expenses $539,096 · Revenue $216,000

As filed on the 2023 return.

Listed in Part VII

  • PERRY J PERLMUTTER

    PRESIDENT & CEO

    Total calculated
    $517,296
    From this org
    $0
    From related orgs
    $454,276
    Other
    $63,020
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $454,276 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $38,400 related
    Nontaxable benefits
    $0 + $24,620 related
    Filer's total
    $0 + $517,296 related

  • ARLO M CHASE

    TREASURER

    Total calculated
    $367,393
    From this org
    $0
    From related orgs
    $315,097
    Other
    $52,296
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $315,097 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $16,538 related
    Nontaxable benefits
    $0 + $35,758 related
    Filer's total
    $0 + $367,393 related

  • DOUGLAS WALERSTEIN

    CHIEF FINANCIAL OFFICER

    Total calculated
    $299,565
    From this org
    $0
    From related orgs
    $276,013
    Other
    $23,552
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $276,013 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $23,552 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $299,565 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
  • 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)

SCHEDULE J, PART I, LINE 3:
SERVICES FOR THE UNDERSERVED, INC. (EIN: 91-1918247), A 501(C)(3) AFFILIATE OF THE REPORTING ORGANIZATION, PAID COMPENSATION TO THE REPORTING ORGANIZATION'S TOP MANAGEMENT OFFICIAL. SERVICES FOR THE UNDERSERVED, INC. HAS ESTABLISHED THE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL USING COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
SCHEDULE J, PART I, LINE 4B:
THE FOLLOWING EMPLOYEE OF THE ORGANIZATION IS A PARTICIPANT IN A SECTION 457(F) PLAN. THE AMOUNT EARNED DURING THE YEAR WAS: PERRY J. PERLMUTTER...................$ 6,000

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.

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.

Related partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
2 May 2025
IRS schema version
2023v6.0
Source object
202511269349301251

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