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Nonprofiteer
← CHARLES H FARNSWORTH HOUSING CORPORATION

Form 990 for tax year 2023

Filed by CHARLES H FARNSWORTH HOUSING CORPORATION.

Totals

Total revenue
$585,720
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$215,420
Investment income
$370,300
Other revenue
$0
Total assets, end of year
$1,360,097
Total liabilities, end of year
$675,907
Net assets or fund balances, end of year
$684,190
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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: INVESTMENT IN FARNSWOR

    total $215,420 · related or exempt $215,420

  • 3 · Investment income

    total $370,300 · excluded $370,300

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,353,794

  • 2 · Savings and temporary cash investments

    beginning of year $2,569

  • 4 · Accounts receivable

    beginning of year $30,532

  • 9 · Prepaid expenses and deferred charges

    beginning of year $98,134

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $2,831,314 · end of year $0

  • 13 · Investments: program-related

    end of year $573,819

  • 14 · Intangible assets

    beginning of year $732,920 · end of year $200,044

  • 15 · Other assets

    beginning of year $6,032,041 · end of year $586,234

  • 17 · Accounts payable and accrued expenses

    beginning of year $354,333 · end of year $100,930

  • 23 · Secured mortgages and notes payable

    beginning of year $14,524,000 · end of year $371,097

  • 25 · Other liabilities

    beginning of year $3,138,162 · end of year $203,880

  • 27 · Net assets without donor restrictions

    beginning of year $64,809 · end of year $684,190

Mission and programs · 2023

Mission

TO PROVIDE CONGREGATE HOUSING FACILITIES FOR THE ELDERLY OF LIMITED MEANS WHO ARE UNABLE TO CARE FOR THEMSELVES.

  • PROVIDED A FACILITY LOCATED IN BOSTON, MA WITH 75 LOW-INCOME HOUSING UNITS TO ELDERLY PERSONS WITH FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, HAPPINESS, AND USEFULNESS IN LONGER LIVING

    Revenue $215,420

As filed on the 2023 return.

Listed in Part VII

  • Dean Collotta

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Donald Charsky

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Lisa Lewis

    CLERK

    Total calculated
    $0
    Hours/week
    1

  • Matt O'Malley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Peter R Fenn Esq

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Natalya Leshchiner

    CFO

    Total calculated
    $290,412
    From this org
    $0
    From related orgs
    $263,868
    Other
    $26,544
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $225,767 related
    Bonus
    $0 + $37,660 related
    Other
    $0 + $441 related
    Deferred
    $0 + $9,100 related
    Nontaxable benefits
    $0 + $17,444 related
    Filer's total
    $0 + $290,412 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
ROGERSON COMMUNITIES, INC. (04-2104319) IS THE RELATED ORGANIZATION THAT ESTABLISHES COMPENSATION FOR NATALYA LESHCHINER. THE METHODS USED TO ESTABLISH COMPENSATION ARE AS FOLLOWS: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATIONG CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, COMPENSATIONG SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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.

  • FARNSWORTH HOUSE LP

    RESIDENTIAL HOUSING · MA · 0.1% owned · share of income $559,225 · share of assets $573,819

    Directly controlled by ROGERSON COMMUNITIES INC

  • BEACON HOUSE ROGERSON LP

    RESIDENTIAL HOUSING · MA

  • ROSLINDALE HOUSE LIMITED PARTNERSHIP

    RESIDENTIAL HOUSING · MA

Related corporations and trusts

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

  • BEACON HOUSE CORPORATION

    C · RESIDENTAIL HOUSING · MA

  • ROSLINDALE COOPERATIVE CORPORATION

    C · RESIDENTAIL HOUSING · MA

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202443189349308184

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