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Nonprofiteer
← JUST A START INC

Form 990 for tax year 2022

Filed by JUST A START INC.

Totals

Total revenue
$11,435,335
Total expenses
$13,586,032
Contributions and grants received
$8,324,586
Grants paid
$5,091,200
Program service revenue
$1,920,518
Investment income
$343,593
Other revenue
$846,638
Total assets, end of year
$49,969,547
Total liabilities, end of year
$34,483,461
Net assets or fund balances, end of year
$15,486,086
Program services expenses (Part IX)
$11,808,932
Management and general expenses
$1,354,272
Fundraising expenses
$422,828
Program service expenses (Part III)
$11,808,932

Program services were 86.9% 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.

  • 1a · Federated campaigns

    $35,000

  • 1d · Related organizations

    $411,717

  • 1e · Government grants (contributions)

    $2,911,198

  • 1f · All other contributions, gifts and grants

    $4,966,671

  • 1g · Noncash contributions included above

    $14,807

  • 2a · Program service revenue: DEVELOPMENT FEES

    total $1,097,977 · related or exempt $1,097,977

  • 2b · Program service revenue: MANAGEMENT AND SERVICE FEES

    total $638,363 · related or exempt $638,363

  • 2c · Program service revenue: RENTAL INCOME

    total $184,178 · related or exempt $184,178

  • 3 · Investment income

    total $263,417 · excluded $263,417

  • 7a · Gross sales of assets other than inventory

    securities $1,010,773

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

    securities $930,597

  • 7c · Gain or loss

    securities $80,176

  • 7d · Net gain or loss

    total $80,176 · excluded $80,176

  • 11a · Other revenue: FORGIVENESS OF DEBT

    total $846,638 · related or exempt $846,638

  • 11e · Other revenue, total

    $846,638

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,091,200 · program services $5,091,200

  • 5 · Compensation of officers, directors and key employees

    total $196,509 · program services $146,942 · management and general $36,131 · fundraising $13,436

  • 7 · Other salaries and wages

    total $3,381,211 · program services $2,555,821 · management and general $576,382 · fundraising $249,008

  • 8 · Pension plan contributions

    total $88,643 · program services $62,930 · management and general $21,827 · fundraising $3,886

  • 9 · Other employee benefits

    total $329,562 · program services $233,966 · management and general $81,147 · fundraising $14,449

  • 10 · Payroll taxes

    total $285,513 · program services $239,428 · management and general $22,820 · fundraising $23,265

  • 11a · Fees: management

    total $4,643 · program services $4,643

  • 11b · Fees: legal

    total $2,259 · program services $2,259

  • 11c · Fees: accounting

    total $571,396 · program services $178,022 · management and general $393,374

  • 11e · Fees: professional fundraising services

    total $69,832 · fundraising $69,832

  • 11f · Fees: investment management

    total $34,521 · management and general $34,521

  • 11g · Fees: other

    total $275,888 · program services $269,874 · fundraising $6,014

  • 13 · Office expenses

    total $458,741 · program services $284,608 · management and general $135,552 · fundraising $38,581

  • 16 · Occupancy

    total $592,269 · program services $574,704 · management and general $17,514 · fundraising $51

  • 22 · Depreciation, depletion and amortization

    total $92,685 · program services $83,479 · management and general $7,100 · fundraising $2,106

  • 24a · Other expenses: BAD DEBTS

    total $939,075 · program services $939,075

  • 24b · Other expenses: PROGRAM AND CLIENT EXPE

    total $508,451 · program services $505,551 · management and general $934 · fundraising $1,966

  • 24c · Other expenses: PROJECT COSTS

    total $430,000 · program services $430,000

  • 24e · All other expenses

    total $233,634 · program services $206,430 · management and general $26,970 · fundraising $234

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,480,138 · end of year $2,264,353

  • 2 · Savings and temporary cash investments

    beginning of year $5,800,819 · end of year $3,715,216

  • 3 · Pledges and grants receivable

    beginning of year $439,896 · end of year $2,009,130

  • 4 · Accounts receivable

    beginning of year $978,061 · end of year $1,588,683

  • 9 · Prepaid expenses and deferred charges

    beginning of year $197,015 · end of year $219,016

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

    $2,343,416

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

    $1,758,761

  • 10c · Land, buildings and equipment, net

    beginning of year $670,465 · end of year $584,655

  • 11 · Investments: publicly traded securities

    beginning of year $5,281,533 · end of year $4,629,966

  • 13 · Investments: program-related

    beginning of year $3,625,133 · end of year $12,982,628

  • 15 · Other assets

    beginning of year $24,714,540 · end of year $21,975,900

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,638,398 · end of year $1,848,624

  • 23 · Secured mortgages and notes payable

    beginning of year $18,935,727 · end of year $29,063,725

  • 25 · Other liabilities

    beginning of year $4,398,777 · end of year $3,571,112

  • 27 · Net assets without donor restrictions

    beginning of year $17,049,399 · end of year $11,700,756

  • 28 · Net assets with donor restrictions

    beginning of year $1,165,299 · end of year $3,785,330

Mission and programs · 2022

Mission

TO PROMOTE EQUITY BY CREATING ACCESS TO STABLE HOUSING AND BUILDING PATHWAYS TO ECONOMIC OPPORTUNITY.

  • REAL ESTATE DEVELOPMENT - JUST A START HAS DEVELOPED AND CONTINUES TO OWN AND OPERATE 621 AFFORDABLE APARTMENTS THROUGHOUT CAMBRIDGE AND SOMERVILLE, HOUSING APPROXIMATELY 1,500 PEOPLE WHO WOULD OTHERWISE BE UNLIKELY TO BE ABLE TO AFFORD APARTMENTS IN THESE EXPENSIVE AND HIGH-OPPORTUNITY CITIES. WE HAVE AN ADDITIONAL 250 NEW AFFORDABLE APARTMENTS IN OUR DEVELOPMENT PIPELINE, WHICH WE EXPECT TO DEVELOP IN THE COMING 4-5 YEARS. TO MAKE FIRST-TIME HOMEOWNERSHIP A REALITY FOR MODERATE-INCOME HOUSEHOLDS, JUST A START HAS ALSO DEVELOPED 130 HOMEOWNERSHIP UNITS. WE ALSO MANAGE THE PRESERVATION, REHAB AND RESALE OF AFFORDABLE UNITS TO ENSURE FUTURE ACCESS TO AFFORDABLE CONDOMINIUMS IN CAMBRIDGE FOR MODERATE-INCOME RESIDENTS.

    Expenses $7,932,751 · Grants $5,091,200 · Revenue $2,767,156

  • EDUCATION AND TRAINING - JUST A START'S EDUCATION AND TRAINING PROGRAMS PROVIDE TUITION-FREE PATHWAYS TO CAREERS IN THE REGION'S GROWING EMPLOYMENT SECTORS. OUR ADULT TRAINING PROGRAM, CAREER CONNECT, IS AN INTENSIVE, NINE-MONTH EDUCATION AND TRAINING PROGRAM FOR LOW-INCOME ADULTS TO DEVELOP THE KNOWLEDGE AND CRITICAL PROBLEM-SOLVING SKILLS NEEDED TO ENTER FAMILY-SUSTAINING AND FULFILLING CAREERS IN THE GROWING BIOMEDICAL AND INFORMATION TECHNOLOGY (IT) FIELDS. APPROXIMATELY 85% OF GRADUATES OF THE PROGRAM GAIN EMPLOYMENT WITHIN 6-12 MONTHS OF GRADUATION AND INCREASE THEIR ANNUAL INCOME BY AN AVERAGE OF $20,000. ANOTHER PILLAR OF JUST A START'S EDUCATION AND TRAINING PROGRAMS IS YOUTHBUILD, WHICH ANNUALLY PROVIDES COMPREHENSIVE YOUTH DEVELOPMENT SERVICES TO APPROXIMATELY 64 OUT-OF-SCHOOL YOUTH BETWEEN THE AGES OF 16 AND 24. STUDENTS RECEIVE EDUCATION AND TRAINING THAT LEADS TO A HIGH SCHOOL CREDENTIAL, CONSTRUCTION OR RETAIL INDUSTRY CREDENTIALS, CAREER EXPLORATION, AND EMPLOYMENT.

    Expenses $2,218,819

  • HOUSING RESOURCES AND SERVICES - JUST A START PROVIDES HOUSING RESOURCES AND SERVICES TO ITS 1,500 RESIDENTS AND APPROXIMATELY 1,000 COMMUNITY MEMBERS EACH YEAR. THROUGH FINANCIAL ASSISTANCE, MEDIATION, AND FOLLOW-UP SERVICES, OUR HOUSING STABILIZATION PROGRAM ALLOWS FAMILIES THREATENED WITH HOMELESSNESS TO REMAIN IN THEIR HOMES OR HELPS THEM FIND NEW AFFORDABLE HOUSING. OUR ECONOMIC MOBILITY PROGRAMS PROVIDE FINANCIAL EDUCATION, ONE-ON-ONE COACHING, AND FREE TAX SERVICES TO LOW-INCOME PEOPLE SEEKING TO IMPROVE THEIR FINANCIAL STATUS AND PROSPECTS.

    Expenses $1,657,362

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Peter Munkenbeck

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4 + 1 related

  • Zoe Weinrobe

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Samuel Gebru

    CLERK

    Total calculated
    $0
    Hours/week
    4 + 1 related

  • Michael R Kuhn

    TREASURER

    Total calculated
    $0
    Hours/week
    4 + 1 related

  • Barbara Aiken

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Tara Dendy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Lisa Drapkin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5 + 1 related

  • Carlos Espinosa-Toro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Shawn Fitzpatrick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Richard Harding

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Junardy Jean-Charles

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Jesse Kanson-Benanav

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Joel Miranda

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Jeffrey Myers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Rj Panzo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Paul Parravano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Susan Stockard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Tia Vice

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Carl Nagy-Koechlin

    EXECUTIVE DIRECTOR

    Total calculated
    $188,484
    From this org
    $156,374
    From related orgs
    $0
    Other
    $32,110
    Hours/week
    37.5 + 1 related

    Schedule J breakdown matched by us

    Base
    $156,374
    Bonus
    $0
    Other
    $0
    Deferred
    $4,943
    Nontaxable benefits
    $27,167
    Filer's total
    $188,484

  • Robert Brainin

    DIRECTOR OF FINANCE & ADMIN

    Total calculated
    $5,394
    From this org
    $5,394
    From related orgs
    $0
    Other
    $0
    Hours/week
    37.5

  • Noah Sawyer

    DIRECTOR OF REAL ESTATE

    Total calculated
    $163,573
    From this org
    $155,855
    From related orgs
    $0
    Other
    $7,718
    Hours/week
    37.5

    Schedule J breakdown matched by us

    Base
    $155,855
    Bonus
    $0
    Other
    $0
    Deferred
    $4,687
    Nontaxable benefits
    $3,031
    Filer's total
    $163,573

  • Carmen Chan

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $137,314
    From this org
    $123,256
    From related orgs
    $0
    Other
    $14,058
    Hours/week
    37.5

  • Gerry Zipser

    DIRECTOR OF HOUSING

    Total calculated
    $134,690
    From this org
    $129,509
    From related orgs
    $0
    Other
    $5,181
    Hours/week
    37.5

  • Miriam Ortiz

    DIRECTOR OF EDUCATION & TRAINING

    Total calculated
    $133,300
    From this org
    $120,887
    From related orgs
    $0
    Other
    $12,413
    Hours/week
    37.5

  • Vandana Sareen

    SR. REAL ESTATE DEVELOPMENT PROJECT MANAGER

    Total calculated
    $120,209
    From this org
    $105,717
    From related orgs
    $0
    Other
    $14,492
    Hours/week
    37.5

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

  • 3 · Independent compensation consultant
  • 3 · Approval by the board or compensation committee

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

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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • JAS AFFORDABLE HOUSING LLC

    REAL ESTATE DEVELOPMENT · MA · income $0 · assets $91,331

    Directly controlled by JUST-A-START CORPORATION

  • JAS HOMEOWNERSHIP LLC

    CONDO PURCHASE AND RESALE · MA · income $141 · assets $2,671,443

    Directly controlled by JUST-A-START CORPORATION

  • 24 WEBSTER LAND LLC

    REAL ESTATE DEVELOPMENT · MA · income $89,562 · assets $125,302

    Directly controlled by JUST-A-START CORPORATION

  • JUST-A-START HOLDING LLC

    REAL ESTATE DEVELOPMENT · MA · income $0 · assets $0

    Directly controlled by JUST-A-START CORPORATION

  • 52 NEW STREET LAND LLC

    REAL ESTATE DEVELOPMENT · MA · income $94,000 · assets $12,599,383

    Directly controlled by JUST-A-START CORPORATION

  • RINDGE COMMONS NORTH 4 LLC

    PROPERTY MANAGEMENT · MA · income $0 · assets $0

    Directly controlled by JUST-A-START CORPORATION

  • RINDGE COMMONS NORTH LAND OWNER LLC

    REAL ESTATE DEVELOPMENT · MA · income $0 · assets $221,733

    Directly controlled by JUST-A-START CORPORATION

  • 24 WEBSTER LLC

    REAL ESTATE DEVELOPMENT · MA · income $0 · assets $0

    Directly controlled by JUST-A-START CORPORATION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CLOSE BUILDING ASSOCIATES

    RELATED INCOME · GENERAL PARTNER ENTITY · MA · 98.31% owned · share of income -$171,684 · share of assets $10,931,167 · general or managing partner

    Directly controlled by JUST-A-START CORPORATION

  • ELM PLACE JAS LIMITED PARTNERSHIP

    GENERAL PARTNER ENTITY · MA · general or managing partner

  • BISHOP ALLEN APARTMENTS LLC

    GENERAL PARTNER ENTITY · MA · general or managing partner

  • RINDGE TOWER APARTMENTS LLC

    GENERAL PARTNER ENTITY · MA · general or managing partner

  • JAS CONSOLIDATED PROPERTIES LLC

    GENERAL PARTNER ENTITY · MA · general or managing partner

  • THE CLOSE BUILDING LLC

    GENERAL PARTNER ENTITY · MA · general or managing partner

  • SQUIRRELWOOD LLC

    GENERAL PARTNER ENTITY · MA · general or managing partner

  • RINDGE TOWER APARTMENTS JAS LLC

    RELATED INCOME · GENERAL PARTNER ENTITY · MA · 79% owned · share of income -$95 · share of assets $36,048,533 · general or managing partner

    Directly controlled by JUST-A-START CORPORATION

Related corporations and trusts

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

  • JASCDC INC

    C · GENERAL PARTNER ENTITY · MA · 100% owned · share of income $13,110 · share of assets $168,783 · controlled entity

    Directly controlled by JUST-A-START CORPORATION

  • ELM PLACEJAS INC

    C · GENERAL PARTNER ENTITY · MA · 79% owned · share of assets $31,490 · controlled entity

    Directly controlled by JUST-A-START CORPORATION

  • BISHOP ALLEN JAS LLC

    C · MANAGING MEMBER ENTITY · MA · 100% owned · controlled entity

    Directly controlled by JUST-A-START CORPORATION

  • JAS CONSOLIDATED MM LLC

    C · MANAGING MEMBER ENTITY · MA · 100% owned · share of income $2 · share of assets $30 · controlled entity

    Directly controlled by JUST-A-START CORPORATION

  • NHS COPLEY GARDENS MM LLC

    C · AFFORDABLE HOUSING · MA · 60% owned · share of assets -$25 · controlled entity

    Directly controlled by JUST-A-START CORPORATION

  • RINDGE COMMONS NORTH 4 JAS LLC

    C · MANAGING MEMBER ENTITY · MA · 100% owned

    Directly controlled by JUST-A-START CORPORATION

Provenance

Return type
form_990
Tax year
2022
Filed
12 October 2023
IRS schema version
2022v5.0
Source object
202312979349300321

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