Totals
- Total revenue
- $548,391
- Total expenses
- $746,793
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $548,007
- Investment income
- $384
- Other revenue
- $0
- Total assets, end of year
- $6,231,126
- Total liabilities, end of year
- $8,939,668
- Net assets or fund balances, end of year
- -$2,708,542
- Program services expenses (Part IX)
- $686,156
- Management and general expenses
- $60,637
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $686,156
Program services were 91.9% 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.
-
2a · Program service revenue: RENTAL INCOME
total $544,601 · related or exempt $544,601
-
2b · Program service revenue: LAUNDRY INCOME
total $3,406 · related or exempt $3,406
-
3 · Investment income
total $384 · excluded $384
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $92,670 · program services $92,670
-
8 · Pension plan contributions
total $708 · program services $708
-
9 · Other employee benefits
total $1,372 · program services $1,372
-
11a · Fees: management
total $44,833 · management and general $44,833
-
11b · Fees: legal
total $6,904 · program services $6,904
-
11c · Fees: accounting
total $15,804 · management and general $15,804
-
11g · Fees: other
total $3,225 · program services $3,225
-
13 · Office expenses
total $21,449 · program services $21,449
-
16 · Occupancy
total $131,333 · program services $131,333
-
20 · Interest
total $413 · program services $413
-
22 · Depreciation, depletion and amortization
total $237,104 · program services $237,104
-
23 · Insurance
total $33,484 · program services $33,484
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $108,559 · program services $108,559
-
24b · Other expenses: REAL ESTATE TAXES
total $48,935 · program services $48,935
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,999 · end of year $51,642
-
4 · Accounts receivable
beginning of year $5,814 · end of year $45,426
-
9 · Prepaid expenses and deferred charges
beginning of year $7,514 · end of year $2,988
-
10a · Land, buildings and equipment: cost or other basis
$10,125,980
-
10b · Land, buildings and equipment: accumulated depreciation
$4,423,800
-
10c · Land, buildings and equipment, net
beginning of year $5,874,349 · end of year $5,702,180
-
14 · Intangible assets
beginning of year $8,241 · end of year $7,828
-
15 · Other assets
beginning of year $421,124 · end of year $421,062
-
17 · Accounts payable and accrued expenses
beginning of year $235,766 · end of year $213,131
-
23 · Secured mortgages and notes payable
beginning of year $8,415,660 · end of year $8,415,660
-
25 · Other liabilities
beginning of year $178,755 · end of year $310,877
-
27 · Net assets without donor restrictions
beginning of year -$2,510,140 · end of year -$2,708,542
Mission and programs · 2022
Mission
TO ENGAGE IN THE DEVELOPMENT, CONSTRUCTION, OWNERSHIP AND OPERATION OF A RESIDENTIAL HOUSING PROJECT UNDER SECTION 202 OF THE HOUSING ACT OF 1959.
Activities or mission (Part I)
SEE SCHEDULE OTO ENGAGE IN THE DEVELOPMENT, CONSTRUCTION, OWNERSHIP, AND OPERATION OF A RESIDENTIAL HOUSING PROJECT UNDER SECTION 202 OF THE HOUSING ACT OF 1959.
-
OPERATED A COMMUNITY OF 46 UNITS FOR RENTAL TO RESIDENTS OF LOW AND MODERATE INCOME, LOCATED IN JAMAICA PLAIN, MASSACHUSETTS.
Expenses $686,156 · Revenue $548,007
As filed on the 2022 return.
Listed in Part VII
-
Nancy Emerson-LombardoNANCY EMERSON-LOMBARDO
CLERK
- Total calculated
- $0
- Hours/week
- 2
-
Cheryl DorseyCHERYL DORSEY
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Marie E ColemanMARIE E COLEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Rudolph R Russell JrRUDOLPH R RUSSELL JR
CO-PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Marilyn Flowers MarionMARILYN FLOWERS MARION
ASSISTANT CLERK
- Total calculated
- $0
- Hours/week
- 2
-
Victoria WilliamsVICTORIA WILLIAMS
CO-PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Royal L BollingROYAL L BOLLING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Louis A Elisa IILOUIS A ELISA II
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
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) · ELDERLY HSG · MA
-
501(C)(3) · ELDERLY HSG · MA
-
501(C)(3) · ELDERLY CARE · MA
-
COUNCIL OF ELDERS HOUSING CORPORATION
501(C)(3) · ELDERLY CARE · MA
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.
-
WALNUT HOUSE LLC
RELATED · AFFORD HOUSIN · MA
-
2055 COLUMBUS AVE
RELATED · AFFORD HOUSIN · MA
-
COUNCIL TOWER LIMITED PARTNERSHIP
RELATED · AFFORD HOUSIN · MA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 29 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401349349305335
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