Form 990 for tax year 2023

Filed by BPHC MATTAPAN DEVELOPMENT CORP INC.

Totals

Total revenue: $776,764
Total expenses: $33,647
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $776,764
Investment income: $0
Other revenue: $0
Total assets, end of year: $27,391,153
Total liabilities, end of year: $0
Net assets or fund balances, end of year: $27,391,153
Program services expenses (Part IX): $33,647
Management and general expenses: $0
Fundraising expenses: $0
Program service expenses (Part III): $33,647

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: ACCRUED INTEREST ON LO

total $776,764 · related or exempt $776,764

Functional expenses

Part IX, the statement of functional expenses.

21 · Payments to affiliates

total $33,647 · program services $33,647

Balance sheet

Part X, book values.

7 · Other notes and loans receivable

beginning of year $26,648,036 · end of year $27,391,153
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 $26,648,036 · end of year $27,391,153

Mission and programs · 2023

Mission

THE ORGANIZATIONS MISSION IS TO PROMOTE SOCIAL WELFARE BY BRINGING ABOUT CIVIC BETTERMENTS & SOCIAL IMPROVEMENTS BY LESSONING THE BURDENS ON GOVERNMENT & HELPING TO PROVIDE SUSTAINABLE AFFORDABLE LOW-INCOME HOUSING TO RESIDENTS OF THE CITY OF BOSTON, HEREBY RELIEVING THE POOR & DISTRESSED. OVER THE LAST 15 YEARS WE HAVE HELPED REHABILITATE FIVE ABANDONED HISTORIC BUILDINGS AND BUILD THREE NEW BUIDLINGS, CREATING AND MAINTAINING 330 RESIDENTIAL UNITS, OF WHICH, 308 ARE AFFORDABLE TO RESIDENTS MAKING 60% OF THE AREA MEDIAN INCOME OR LESS ON OUR CAMPUS KNOWN AS THE FORMER BOSTON SPECIALTY REHABILITATION HOSPITAL CAMPUS.

Activities or mission (Part I)

TO PROVIDE & MAINTAIN LOW-INCOME HOUSING WITHOUT BURDENING THE GOVERNMENT.

TO PROMOTE CIVIC BETTERMENTS, SOCIAL IMPROVEMENTS BY HELPING TO PROVIDE AFFORDABLE LOW-INCOME HOUSING IN THE CITY OF BOSTON ON THE FORMER BOSTON SPECIALTY REHABILITATION HOSPITAL CAMPUS, WITHOUT BURDENING THE GOVERNMENT. FOR PURPOSES OF REHABILITATING SEVERAL HISTORIC ABANDONED BUILDINGS AND BUILDING SEVERAL NEW BUILDING ON THE CAMPUS, CREATING OVER 300 NEW UNITS OF AFFORDABLE HOUSING, THE ORGANIZATION ENTERED INTO SEVERAL GROUND LEASES, ACQUISITION NOTES AND OTHER LOAN INSTRUMENTS WITH SEVERAL, FOR-PROFIT PARTNERSHIPS. THE PROGRAM REVENUE REPORTED FOR THIS YEAR IS THE ACCRUED INTEREST EARNED ON THESE VARIOUS LOANS, MOST OF THESE LOANS ARE DUE UPON MATURITY OR PAYABLE FROM SURPLUS CASH FLOW FROM THE PARTNERSHIPS. IN SOME CASES THE SURPLUS CASH IS PAID AGAINST A LOAN AND THEN USED FOR CAMPUS AREA MAINTENANCE PURSUANT TO AN AGREEMENT WITH THE BOSTON PUBLIC HEALTH COMMISSION AS DISCLOSED ON SCHEDULE R AS A RELATED PARTY, THE CAMPUS ALSO SERVICES SEVERAL OTHER PROGRAMS. IN THIS CASE THE SURPLUS CASH WAS RECEIVED, APPLIED AS AN INTEREST PAYMENT AGAINST ONE OF THE LOANS AND USED FOR CAMPUS AREA MAINTENANCE PURSUANT TO THE AGREEMENT.

Expenses $33,647 · Revenue $776,764

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Timothy HarringtonTIMOTHY HARRINGTON

PRESIDENT/CLERK/DIRECTOR

Total calculated

$0

Hours/week

2 + 38 related
Batool RazaBATOOL RAZA

TREASURER

Total calculated

$0

Hours/week

2 + 38 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.

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.

COMMONWEALTH OF MASSACHUSETTS BOSTON PUBLIC HEALTH COMMISSION (BPHC)

N/A · GOVERNMENT ENTITY · MA

Provenance

Return type: form_990
Tax year: 2023
Filed: 25 April 2025
IRS schema version: 2023v6.0
Source object: 202511209349302121

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