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Nonprofiteer
← TENANTS DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by TENANTS DEVELOPMENT CORPORATION.

Totals

Total revenue
$1,616,876
Total expenses
$1,754,034
Contributions and grants received
$25,000
Grants paid
$0
Program service revenue
$1,556,653
Investment income
$487
Other revenue
$34,736
Total assets, end of year
$30,448,614
Total liabilities, end of year
$1,800,603
Net assets or fund balances, end of year
$28,648,011
Program services expenses (Part IX)
$1,532,725
Management and general expenses
$221,309
Fundraising expenses
$0
Program service expenses (Part III)
$1,532,725

Program services were 87.4% 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.

  • 1f · All other contributions, gifts and grants

    $25,000

  • 2a · Program service revenue: MANAGEMENT FEE

    total $1,150,001 · related or exempt $1,150,001

  • 2b · Program service revenue: CONTRACT INCOME

    total $251,398 · related or exempt $251,398

  • 2c · Program service revenue: RENTAL INCOME

    total $155,254 · related or exempt $155,254

  • 3 · Investment income

    total $487 · excluded $487

  • 11a · Other revenue: MISCELLANEOUS

    total $34,736 · related or exempt $34,736

  • 11e · Other revenue, total

    $34,736

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $368,629 · program services $313,335 · management and general $55,294

  • 7 · Other salaries and wages

    total $431,011 · program services $431,011

  • 10 · Payroll taxes

    total $40,144 · program services $36,609 · management and general $3,535

  • 11b · Fees: legal

    total $21,743 · program services $21,743

  • 11c · Fees: accounting

    total $20,896 · management and general $20,896

  • 11g · Fees: other

    total $13,048 · program services $13,048

  • 13 · Office expenses

    total $11,558 · program services $111 · management and general $11,447

  • 16 · Occupancy

    total $152,381 · program services $61,343 · management and general $91,038

  • 19 · Conferences, conventions and meetings

    total $4,598 · management and general $4,598

  • 20 · Interest

    total $7,101 · program services $7,101

  • 22 · Depreciation, depletion and amortization

    total $60,472 · program services $25,971 · management and general $34,501

  • 23 · Insurance

    total $96,662 · program services $96,662

  • 24a · Other expenses: PROGRAM COSTS

    total $525,791 · program services $525,791

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,005,575 · end of year $1,354,511

  • 2 · Savings and temporary cash investments

    beginning of year $227,979 · end of year $1,512,955

  • 4 · Accounts receivable

    beginning of year $183,244

  • 5 · Loans and receivables from officers and key people

    beginning of year $33,430 · end of year $34,269

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,597 · end of year $1,538

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

    $5,231,951

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

    $666,272

  • 10c · Land, buildings and equipment, net

    beginning of year $4,622,899 · end of year $4,565,679

  • 11 · Investments: publicly traded securities

    beginning of year $501,390 · end of year $501,390

  • 13 · Investments: program-related

    beginning of year $6,202,291 · end of year $5,896,064

  • 15 · Other assets

    beginning of year $17,153,572 · end of year $16,582,208

  • 17 · Accounts payable and accrued expenses

    beginning of year $208,354 · end of year $273,600

  • 19 · Deferred revenue

    beginning of year $4,874 · end of year $3,603

  • 24 · Unsecured notes and loans payable

    beginning of year $488,860 · end of year $441,972

  • 25 · Other liabilities

    beginning of year $1,080,722 · end of year $1,081,428

  • 27 · Net assets without donor restrictions

    beginning of year $29,149,167 · end of year $28,648,011

Mission and programs · 2022

Mission

THE PROMOTION, MAINTENANCE AND MANAGEMENT OF HOUSING IN THE SOUTH END OF BOSTON, MASSACHUSETTS, TO LOW AND MODERATE-INCOME FAMILIES OF EVERY RACE, RELIGION, AND NATIONALITY.

Activities or mission (Part I)

TO PROVIDE HOUSING TO LOW AND MODERATE INCOME RESIDENTS OF BOSTON, MA.

  • AFFORDABLE HOUING - MANAGED THREE DEVELOPMENTS WITH OVER 100 UNITS FOR LOW AND MODERATE INCOME FAMILIES.

    Expenses $1,532,725 · Revenue $1,556,653

As filed on the 2022 return.

Listed in Part VII

  • Donald Ward

    EXECUTIVE DI

    Total calculated
    $232,385
    From this org
    $223,429
    From related orgs
    $0
    Other
    $8,956
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,429
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $8,956
    Filer's total
    $232,385

  • Anita Huggins

    ASSET MANAGE

    Total calculated
    $136,693
    From this org
    $135,852
    From related orgs
    $0
    Other
    $841
    Hours/week
    40

  • Jeanetta Williams

    TREASURER/ S

    Total calculated
    $136,245
    From this org
    $127,368
    From related orgs
    $0
    Other
    $8,877
    Hours/week
    40

  • Mary Clinkscales

    PRESIDENT

    Total calculated
    $0
    Hours/week
    4

  • Elyria Creecy

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    4

  • Michael Davis

    ASSISTANT TR

    Total calculated
    $0
    Hours/week
    4

  • Louise Douglas

    CLERK

    Total calculated
    $0
    Hours/week
    4

  • Keith Gordon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Jacqueline Hill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Lee Holloway

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Ollie Mathis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Florence Potter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Sylvia Ray

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Gloria Reyes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Linda Roberts

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • Doreen Wiggins

    BOARD MEMBER

    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. 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

None.

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

No itemized grants to organizations on this return.

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.

  • ML586 MASS AVENUE LLC

    REAL ESTAT · MA

    Directly controlled by TDC

Provenance

Return type
form_990
Tax year
2022
Filed
30 October 2023
IRS schema version
2022v5.0
Source object
202303039349302280

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