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Nonprofiteer
← WESTFIELD 202 INC

Form 990 for tax year 2023

Filed by WESTFIELD 202 INC.

Totals

Total revenue
$472,261
Total expenses
$624,453
Contributions and grants received
$270,199
Grants paid
$0
Program service revenue
$198,718
Investment income
$470
Other revenue
$2,874
Total assets, end of year
$2,768,393
Total liabilities, end of year
$573,203
Net assets or fund balances, end of year
$2,195,190
Program services expenses (Part IX)
$571,977
Management and general expenses
$52,476
Fundraising expenses
$0
Program service expenses (Part III)
$571,977

Program services were 91.6% 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.

  • 1e · Government grants (contributions)

    $270,199

  • 2a · Program service revenue: TENANT RENTAL INCOME

    total $198,718 · related or exempt $198,718

  • 3 · Investment income

    total $470 · excluded $470

  • 11a · Other revenue: LAUNDRY & VENDING

    total $2,589 · related or exempt $2,589

  • 11b · Other revenue: DAMAGES & CLEANING

    total $285 · related or exempt $285

  • 11e · Other revenue, total

    $2,874

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $33,400 · program services $260 · management and general $33,140

  • 11b · Fees: legal

    total $1,080 · program services $1,080

  • 11c · Fees: accounting

    total $19,336 · management and general $19,336

  • 11g · Fees: other

    total $139,743 · program services $139,743

  • 13 · Office expenses

    total $28,543 · program services $28,543

  • 16 · Occupancy

    total $234,350 · program services $234,350

  • 19 · Conferences, conventions and meetings

    total $2,156 · program services $2,156

  • 22 · Depreciation, depletion and amortization

    total $137,589 · program services $137,589

  • 24a · Other expenses: SERVICE EXPENSE

    total $28,256 · program services $28,256

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,899 · end of year $3,147

  • 4 · Accounts receivable

    beginning of year $1,688 · end of year $1,162

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,427 · end of year $31,364

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

    $5,384,585

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

    $2,983,728

  • 10c · Land, buildings and equipment, net

    beginning of year $2,534,613 · end of year $2,400,857

  • 14 · Intangible assets

    beginning of year $146,628 · end of year $142,795

  • 15 · Other assets

    beginning of year $206,478 · end of year $189,068

  • 17 · Accounts payable and accrued expenses

    beginning of year $67,077 · end of year $58,128

  • 19 · Deferred revenue

    beginning of year $1,499 · end of year $890

  • 21 · Escrow or custodial account liability

    beginning of year $13,775 · end of year $14,185

  • 23 · Secured mortgages and notes payable

    beginning of year $500,000 · end of year $500,000

  • 27 · Net assets without donor restrictions

    beginning of year $2,347,382 · end of year $2,195,190

Mission and programs · 2023

Mission

WESTFIELD 202, INC.'S PRIMARY PURPOSE IS TO PROVIDE ELDERLY PERSONS OF LOW AND VERY LOW INCOME WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR NEEDS.

Activities or mission (Part I)

LOW-INCOME HOUSING FOR THE ELDERLY.

  • WESTFIELD 202, INC. PROVIDED 46 UNITS OF RESIDENTIAL HOUSING AND SUPPORT SERVICES TO LOW AND VERY LOW INCOME ELDERLY PERSONS IN WESTFIELD, MASSACHUSETTS.

    Expenses $571,977 · Revenue $201,592

As filed on the 2023 return.

Listed in Part VII

  • Phillip L Clay

    PRESIDENT (OUTGOING)

    Total calculated
    $0
    Hours/week
    0.1

  • Thomas Buonopane

    DIRECTOR, PRESIDENT (INCOMING)

    Total calculated
    $0
    Hours/week
    0.1

  • D Morgan Wilson

    DIR.,TREASURER & CLERK (INCOMING)

    Total calculated
    $0
    Hours/week
    0.1

  • James F Rushford

    CLERK (OUTGOING)

    Total calculated
    $0
    Hours/week
    0.1

  • John Lutz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Willie Jones

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

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.

Provenance

Return type
form_990
Tax year
2023
Filed
29 April 2025
IRS schema version
2023v6.0
Source object
202541219349300874

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