Totals
- Total revenue
- $2,510,195
- Total expenses
- $2,745,430
- Contributions and grants received
- $125,407
- Grants paid
- $105,976
- Program service revenue
- $2,218,880
- Investment income
- $165,908
- Other revenue
- $0
- Total assets, end of year
- $29,466,477
- Total liabilities, end of year
- $12,036,223
- Net assets or fund balances, end of year
- $17,430,254
- Program services expenses (Part IX)
- $2,298,865
- Management and general expenses
- $446,565
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,298,865
Program services were 83.7% 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)
$88,740
-
1f · All other contributions, gifts and grants
$36,667
-
2a · Program service revenue: RENTAL RECEIPTS
total $2,103,373 · related or exempt $2,103,373
-
2b · Program service revenue: LAUNDRY & OTHER INCOME
total $115,507 · related or exempt $115,507
-
3 · Investment income
total $165,908 · excluded $165,908
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $105,976 · program services $105,976
-
7 · Other salaries and wages
total $465,044 · program services $279,223 · management and general $185,821
-
9 · Other employee benefits
total $352 · program services $352
-
11a · Fees: management
total $127,185 · management and general $127,185
-
11b · Fees: legal
total $12,772 · management and general $12,772
-
11c · Fees: accounting
total $64,853 · management and general $64,853
-
11g · Fees: other
total $6,065 · management and general $6,065
-
12 · Advertising and promotion
total $2,673 · management and general $2,673
-
13 · Office expenses
total $10,342 · management and general $10,342
-
14 · Information technology
total $21,050 · management and general $21,050
-
16 · Occupancy
total $341,102 · program services $341,102
-
20 · Interest
total $333,175 · program services $333,175
-
22 · Depreciation, depletion and amortization
total $420,691 · program services $420,691
-
23 · Insurance
total $165,152 · program services $165,152
-
24a · Other expenses: REPAIRS
total $245,087 · program services $245,087
-
24b · Other expenses: CLEANING & MAINTENANCE
total $123,158 · program services $123,158
-
24c · Other expenses: REAL ESTATE TAXES
total $118,132 · program services $118,132
-
24d · Other expenses: MISCELLANEOUS OPERATING
total $63,722 · program services $52,722 · management and general $11,000
-
24e · All other expenses
total $118,899 · program services $114,095 · management and general $4,804
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $557,023 · end of year $486,539
-
4 · Accounts receivable
beginning of year $624,629 · end of year $715,328
-
7 · Other notes and loans receivable
beginning of year $13,239,940 · end of year $13,938,561
-
9 · Prepaid expenses and deferred charges
beginning of year $39,499 · end of year $54,629
-
10a · Land, buildings and equipment: cost or other basis
$19,153,574
-
10b · Land, buildings and equipment: accumulated depreciation
$9,690,131
-
10c · Land, buildings and equipment, net
beginning of year $9,720,538 · end of year $9,463,443
-
13 · Investments: program-related
beginning of year $2,956,500 · end of year $2,956,500
-
14 · Intangible assets
beginning of year $5,000 · end of year $110,953
-
15 · Other assets
beginning of year $1,798,668 · end of year $1,740,524
-
17 · Accounts payable and accrued expenses
beginning of year $390,426 · end of year $310,391
-
19 · Deferred revenue
beginning of year $16,026 · end of year $531,720
-
23 · Secured mortgages and notes payable
beginning of year $8,848,130 · end of year $8,423,213
-
25 · Other liabilities
beginning of year $6,424,213 · end of year $2,770,899
-
27 · Net assets without donor restrictions
beginning of year $13,196,414 · end of year $17,363,666
-
28 · Net assets with donor restrictions
beginning of year $66,588 · end of year $66,588
Mission and programs · 2024
Mission
PROVIDE SECOND MORTGAGES TO FIRST TIME HOMEBUYERS, REHABILITATION OF DETERIORATED HOUSING AND OPERATION OF RENTAL HOUSING FOR SINGLE PARENTS, THEIR CHILDREN AND LOW INCOME FAMILIES
-
OPERATION OF RENTAL HOUSING FOR LOW INCOME INDIVIDUALS AND FAMILIES
Expenses $2,046,831 · Grants $88,740 · Revenue $1,904,908
-
OPERATION OF RENTAL HOUSING FOR SINGLE PARENTS AND THEIR CHILDREN
Expenses $234,798 · Revenue $313,972
-
PROVIDE SECOND MORTGAGES TO FIRST TIME HOME BUYERS
Expenses $17,236 · Grants $17,236
As filed on the 2024 return.
Listed in Part VII
-
ANTHONY DOYLE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
JOHN GRAHAM III
TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
CATHERINE CARCHEDI
CLERK
- Total calculated
- $0
- Hours/week
- 0
-
CRYSTAL GARNEAU
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
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.
-
501(C)(3) · DEVELOPMENT AND OPERATION OF HOUSING COMMUNITY DEVELOPMENT PROJECTS · MA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 3 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523079349303342
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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