Form 990 for tax year 2022
Filed by ACRE TRIANGLE COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $304,548
- Total expenses
- $289,807
- Contributions and grants received
- $0
- Grants paid
- $40,000
- Program service revenue
- $273,336
- Investment income
- $97
- Other revenue
- $31,115
- Total assets, end of year
- $2,094,323
- Total liabilities, end of year
- $306,831
- Net assets or fund balances, end of year
- $1,787,492
- Program services expenses (Part IX)
- $272,961
- Management and general expenses
- $16,846
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $272,961
Program services were 94.2% 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 $273,336 · related or exempt $273,336
-
3 · Investment income
total $97 · excluded $97
-
11a · Other revenue: MISCELLANEOUS
total $31,115 · related or exempt $31,115
-
11e · Other revenue, total
$31,115
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $40,000 · program services $40,000
-
7 · Other salaries and wages
total $31,426 · program services $31,426
-
9 · Other employee benefits
total $4,061 · program services $4,061
-
10 · Payroll taxes
total $2,810 · program services $2,810
-
11b · Fees: legal
total $377 · program services $377
-
11c · Fees: accounting
total $8,500 · program services $8,500
-
13 · Office expenses
total $5,741 · program services $5,741
-
20 · Interest
total $13,818 · program services $13,818
-
22 · Depreciation, depletion and amortization
total $27,227 · program services $27,227
-
23 · Insurance
total $16,112 · program services $16,112
-
24a · Other expenses: CONTRACTED SERVICES
total $51,093 · program services $51,093
-
24b · Other expenses: REAL ESTATE TAXES
total $42,145 · program services $42,145
-
24c · Other expenses: UTILITIES
total $19,064 · program services $19,064
-
24d · Other expenses: PROPERTY MANAGEMENT FEE
total $12,179 · management and general $12,179
-
24e · All other expenses
total $15,254 · program services $10,587 · management and general $4,667
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $108,503 · end of year $130,904
-
4 · Accounts receivable
beginning of year $154 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $7,510 · end of year $5,464
-
10a · Land, buildings and equipment: cost or other basis
$788,175
-
10b · Land, buildings and equipment: accumulated depreciation
$417,838
-
10c · Land, buildings and equipment, net
beginning of year $397,564 · end of year $370,337
-
14 · Intangible assets
beginning of year $5,651 · end of year $5,307
-
15 · Other assets
beginning of year $1,557,408 · end of year $1,582,311
-
17 · Accounts payable and accrued expenses
beginning of year $38,633 · end of year $48,394
-
23 · Secured mortgages and notes payable
beginning of year $263,324 · end of year $253,394
-
25 · Other liabilities
beginning of year $2,082 · end of year $5,043
-
27 · Net assets without donor restrictions
beginning of year $1,772,751 · end of year $1,787,492
Mission and programs · 2022
Mission
MANAGE AFFORDABLE HOUSING
Activities or mission (Part I)
PROPERTY MANAGEMENT - MANAGES PROPERTIES DEVELOPED TO HOUSE LOW AND MODERATE INCOME RESIDENTS
-
PROPERTY MANAGEMENT - MANAGES PROPERTIES DEVELOPED TO HOUSE LOW AND MODERATE INCOME RESIDENTS AS WELL AS MANAGEMENT OF COMMERCIAL BUILDING USED MAINLY FOR MINORITY BUSINESSES.
Expenses $272,961 · Grants $40,000 · Revenue $304,451
As filed on the 2022 return.
Listed in Part VII
-
Jess WilsonJESS WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sixto DejesusSIXTO DEJESUS
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Richard ChavezRICHARD CHAVEZ
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Paul GaudetPAUL GAUDET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patty CoffeyPATTY COFFEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carlos GonzalezCARLOS GONZALEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Masada JonesMASADA JONES
CLERK
- Total calculated
- $0
- Hours/week
- 1
-
Musu GayeMUSU GAYE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Peter MartinPETER MARTIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Eric PonnERIC PONN
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1
-
Thomas EmeryTHOMAS EMERY
DIRECTOR OF REAL ESTATE
- Total calculated
- $88,480
- From this org
- $0
- From related orgs
- $76,765
- Other
- $11,715
- Hours/week
- 1
-
Carmen BermudezCARMEN BERMUDEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
George RamirezGEORGE RAMIREZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Deborah MotewDEBORAH MOTEW
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Laura TavaresLAURA TAVARES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mary WambuiMARY WAMBUI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Claire RickerCLAIRE RICKER
DIRECTOR OF REAL ESTATE
- Total calculated
- $80,926
- From this org
- $0
- From related orgs
- $76,892
- Other
- $4,034
- Hours/week
- 1
-
Miaria Gutierrez-YapurMIARIA GUTIERREZ-YAPUR
DIRECTOR OF PROGRAMS
- Total calculated
- $70,646
- From this org
- $0
- From related orgs
- $67,319
- Other
- $3,327
- Hours/week
- 1
-
Amada GregoryAMADA GREGORY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sidney LiangSIDNEY LIANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Zelma Lyons-KhadarZELMA LYONS-KHADAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michele WittsMICHELE WITTS
CHIEF FINANCIAL OFFICER
- Total calculated
- $88,610
- From this org
- $0
- From related orgs
- $70,232
- Other
- $18,378
- Hours/week
- 40
-
Yun Ju ChoiYUN JU CHOI
EXECUTIVE DIRECTOR
- Total calculated
- $131,701
- From this org
- $0
- From related orgs
- $118,434
- Other
- $13,267
- 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
-
COALITION FOR A BETTER ACRE INC
$40,000
SUPPORT OPERATIONS
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.
-
COALITION FOR A BETTER ACRE INC
501(C)3 · RELATED PARTY · MA
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.
-
MERRIMACK STREET HOUSING LIMITED PARTNERSHIP
RELATED ORGANIZATION · MA
Directly controlled by COALITION FOR A BETTER ACRE INC
-
MOODY STREET CENTER LIMITED PARTNERSHIP
RELATED ORGANIZATION · MA
-
LIBERTY SQUARE HOUSING LIMITED PARTNERSHIP
RELATED ORGANIZATION · MA
-
NEW NORTH CANAL LLC
RELATED ORGANIZATION · MA
-
TRIANGLE RENTAL LIMITED PARTNERSHIP
RELATED ORGANIZATION · MA
-
NEW MERRIMACK STREET HOUSING LLC
RELATED ORGANIZATION · MA
-
MIDDLESEX STREET LIMITED PARTNERSHIP
RELATED ORGANIZATION · MA
-
CALL PP LIMITED LIABILITY COMPANY
RELATED ORGANIZATION · MA
-
ST JOSEPH'S APARTMENTS LLC
RELATED ORGANIZATION · MA
-
ACRE HIGH SCHOOL LLC
RELATED ORGANIZATION · MA
-
UNITY PLACE LLC
RELATED ORGANIZATION · MA
-
ACRE HIGH SCHOOL TWO MM LLC
RELATED ORGANIZATION · MA
-
GORHAM STREET LLC
RELATED ORGANIZATION · MA
-
WELCOME HOME HOUSING LLC
RELATED ORGANIZATION · MA
-
GERSON BUILDING LLC
RELATED ORGANIZATION · MA
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
TRIANGLE RENTAL INC
C · RELATED ORGANIZATION · MA
Directly controlled by COALITION FOR A BETTER ACRE INC
-
MOODY STREET CENTER INC
C · RELATED ORGANIZATION · MA
Directly controlled by COALITION FOR A BETTER ACRE INC
-
LIBERTY SQUARE HOUSING INC
C · RELATED ORGANIZATION · MA
Directly controlled by COALITION FOR A BETTER ACRE INC
-
NEW NORTH CANAL HOUSING INC
C · RELATED ORGANIZATION · MA
Directly controlled by COALITION FOR A BETTER ACRE INC
-
NEW ACRE MERRIMACK INC
C · RELATED ORGANIZATION · MA
Directly controlled by COALITION FOR A BETTER ACRE INC
-
ST JOSEPH'S MM LLC
C · RELATED ORGANIZATION · MA
Directly controlled by COALITION FOR A BETTER ACRE INC
-
ACRE MERRIMACK INC
C · RELATED ORGANIZATION · MA · 76.9% owned
Directly controlled by ACRE TRIANGLE COMMUNITY DEVELOPMENT CORPORATION
-
NORTH CANAL HOUSING TRUST INC
C · RELATED ORGANIZATION · MA · 60% owned
Directly controlled by ACRE TRIANGLE COMMUNITY DEVELOPMENT CORPORATION
-
CBA AFFORDABLE HOUSING LLC
C · RELATED ORGANIZATION · MA
Directly controlled by COALITION FOR A BETTER ACRE INC
-
UNITY PLACE MM LLC
C · RELATED ORGANIZATION · MA
Directly controlled by COALITION FOR A BETTER ACRE INC
-
GORHAM STREET MM LLC
C · RELATED ORGANIZATION · MA
Directly controlled by COALITION FOR A BETTER ACRE INC
-
WELCOME HOME HOUSING MM LLC
C · RELATED ORGANIZATION · MA
Directly controlled by COALITION FOR A BETTER ACRE INC
-
GERSON BUILDING MM LLC
C · RELATED ORGANIZATION · MA
Directly controlled by COALITION FOR A BETTER ACRE INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343179349307229
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