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Nonprofiteer
← CASTLE SQUARE TENANTS ORGANIZATION INC

Form 990 for tax year 2022

Filed by CASTLE SQUARE TENANTS ORGANIZATION INC.

Totals

Total revenue
$561,417
Total expenses
$2,006,743
Contributions and grants received
$9,585
Grants paid
$0
Program service revenue
$1,102,831
Investment income
-$551,025
Other revenue
$26
Total assets, end of year
$40,575,279
Total liabilities, end of year
$20,315,318
Net assets or fund balances, end of year
$20,259,961
Program services expenses (Part IX)
$996,045
Management and general expenses
$1,010,698
Fundraising expenses
$0
Program service expenses (Part III)
$996,045

Program services were 49.6% 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.

  • 1b · Membership dues

    $3,630

  • 1f · All other contributions, gifts and grants

    $5,955

  • 2a · Program service revenue: MANAGEMENT SERVICES

    total $555,173 · related or exempt $555,173

  • 2b · Program service revenue: REIMBURSED EXPENSES

    total $475,244 · related or exempt $475,244

  • 2c · Program service revenue: PROGRAM USER FEES

    total $57,139 · related or exempt $57,139

  • 2d · Program service revenue: PARKING FEES

    total $15,275 · related or exempt $15,275

  • 3 · Investment income

    total $600,203 · excluded $600,203

  • 7a · Gross sales of assets other than inventory

    other assets $1,979,664

  • 7b · Less cost or other basis and sales expenses

    other assets $3,130,892

  • 7c · Gain or loss

    other assets -$1,151,228

  • 7d · Net gain or loss

    total -$1,151,228 · excluded -$1,151,228

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $26 · related or exempt $26

  • 11e · Other revenue, total

    $26

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $113,592 · program services $34,078 · management and general $79,514

  • 7 · Other salaries and wages

    total $692,370 · program services $519,891 · management and general $172,479

  • 9 · Other employee benefits

    total $72,948 · program services $35,170 · management and general $37,778

  • 10 · Payroll taxes

    total $55,071 · program services $32,845 · management and general $22,226

  • 11b · Fees: legal

    total $52,191 · program services $36,629 · management and general $15,562

  • 11c · Fees: accounting

    total $223,551 · management and general $223,551

  • 11f · Fees: investment management

    total $267,366 · management and general $267,366

  • 11g · Fees: other

    total $146,534 · program services $57,465 · management and general $89,069

  • 12 · Advertising and promotion

    total $1,846 · program services $1,562 · management and general $284

  • 13 · Office expenses

    total $22,340 · program services $12,276 · management and general $10,064

  • 17 · Travel

    total $176 · program services $83 · management and general $93

  • 19 · Conferences, conventions and meetings

    total $15,278 · program services $10,571 · management and general $4,707

  • 22 · Depreciation, depletion and amortization

    total $11,872 · management and general $11,872

  • 24a · Other expenses: COMMUNITY ACTIVITIES

    total $279,507 · program services $253,777 · management and general $25,730

  • 24b · Other expenses: MANAGEMENT FEE

    total $38,628 · management and general $38,628

  • 24c · Other expenses: BANQUETS

    total $8,600 · program services $300 · management and general $8,300

  • 24d · Other expenses: MISCELLANEOUS

    total $1,827 · program services $473 · management and general $1,354

  • 24e · All other expenses

    total $3,046 · program services $925 · management and general $2,121

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $785,106 · end of year $315,726

  • 4 · Accounts receivable

    beginning of year $98,953 · end of year $238,943

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,806 · end of year $1,560

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

    $224,051

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

    $135,023

  • 10c · Land, buildings and equipment, net

    beginning of year $100,900 · end of year $89,028

  • 11 · Investments: publicly traded securities

    beginning of year $11,956,836 · end of year $10,200,629

  • 12 · Investments: other securities

    beginning of year $23,795 · end of year $21,351

  • 15 · Other assets

    beginning of year $33,489,986 · end of year $29,708,042

  • 17 · Accounts payable and accrued expenses

    beginning of year $165,333 · end of year $81,255

  • 25 · Other liabilities

    beginning of year $20,234,063 · end of year $20,234,063

  • 27 · Net assets without donor restrictions

    beginning of year $25,997,942 · end of year $20,240,617

  • 28 · Net assets with donor restrictions

    beginning of year $60,044 · end of year $19,344

Mission and programs · 2022

Mission

CASTLE SQUARE TENANTS ORGANIZATION'S MISSION IS TO PROMOTE THE ECONOMIC, EDUCATIONAL AND SOCIAL EMPOWERMENT OF LOW AND MODERATE INCOME INDIVIDUALS BY PROVIDING ACCESS TO SAFE, QUALITY AFFORDABLE HOUSING AND SUPPORTIVE DIRECT SERVICE PROGRAMS.

  • CASTLE SQUARE TENANTS ORGANIZATION'S PROGRAMS PROMOTE THE ECONOMIC, EDUCATIONAL AND SOCIAL EMPOWERMENT OF LOW AND MODERATE INCOME INDIVIDUALS AND PROVIDE ACCESS TO SAFE, QUALITY AFFORDABLE HOUSING.

    Expenses $996,045 · Revenue $1,102,857

As filed on the 2022 return.

Listed in Part VII

  • DEBORAH BACKUS-GILCHRIST

    EXECUTIVE DIRECTOR

    Total calculated
    $113,592
    From this org
    $113,592
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 2 related

  • ANN MOY

    PRESIDENT

    Total calculated
    $0
    Hours/week
    25 + 2 related

  • TERRANCE WOOLFORK

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    7 + 2 related

  • YVONNE HOLMES

    TREASURER

    Total calculated
    $0
    Hours/week
    7 + 2 related

  • NHI LE TANG

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • HUI LING CHEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    12

  • VERNON MILLS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    7

  • ENEIDA LEBRON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    7

  • LILY SEETO

    DIRECTOR (UNTIL 9/2022)

    Total calculated
    $0
    Hours/week
    4

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.

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.

  • CSTO WINN MANAGER LLC

    MANAGE MULTI FAMILY LOW INCOME HOUSING PROPERTY · MA · 51% owned

    Directly controlled by CSTO SUBSIDIARY LLC

  • CSTO WINN DEVELOPER LLC

    DEVELOP MULTI FAMILY LOW INCOME HOUSING PROPERTY · MA · 51% owned

    Directly controlled by CASTLE SQUARE TENANTS ORGANIZATION INC

Related corporations and trusts

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

  • CSTO SUBSIDIARY LLC

    C · DEVELOPER OF HOUSING PROJECT · MA · 100% owned · share of income $3,119,474 · share of assets $12,588,986 · controlled entity

    Directly controlled by CASTLE SQAURE TENANTS ORGANIZATION

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202303189349308110

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