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Nonprofiteer
← GBFB REALTY CORPORATION

Form 990 for tax year 2024

Filed by GBFB REALTY CORPORATION.

Totals

Total revenue
$4,149
Total expenses
$782,789
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,000
Investment income
$3,149
Other revenue
$0
Total assets, end of year
$12,000,393
Total liabilities, end of year
$875
Net assets or fund balances, end of year
$11,999,518
Program services expenses (Part IX)
$782,789
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$782,789

Program services were 100.0% 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

    total $1,000 · related or exempt $1,000

  • 3 · Investment income

    total $3,149 · excluded $3,149

Functional expenses

Part IX, the statement of functional expenses.

  • 22 · Depreciation, depletion and amortization

    total $782,789 · program services $782,789

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $107,173

  • 2 · Savings and temporary cash investments

    end of year $111,322

  • 4 · Accounts receivable

    beginning of year $963 · end of year $963

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

    $29,117,468

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

    $17,229,360

  • 10c · Land, buildings and equipment, net

    beginning of year $12,670,897 · end of year $11,888,108

  • 19 · Deferred revenue

    beginning of year $875 · end of year $875

  • 27 · Net assets without donor restrictions

    beginning of year $12,778,158 · end of year $11,999,518

Mission and programs · 2024

Mission

THE ORGANIZATION'S PURPOSE IS TO SUPPORT AND OPERATE FOR THE BENEFIT OF GREATER BOSTON FOOD BANK, INC. A 501(C)(3) CORPORATION, WHICH IS ITS SOLE MEMBER.

  • TO HOLD AND MANAGE THE REAL PROPERTY LOCATED AT 70 SOUTH BAY, BOSTON, MA FOR THE EXCLUSIVE USE OF THE GREATER BOSTON FOOD BANK, INC. (100% OWNER EXEMPT ORGANIZATION) TO FACILITATE ITS EXEMPT PURPOSE TO END HUNGER IN EASTERN MASSACHUSETTS BY DISTRIBUTING FOOD TO OVER 617 HUMAN SERVICE ORGANIZATIONS IN OUR SERVICE AREA.

    Expenses $782,789 · Revenue $1,000

As filed on the 2024 return.

Listed in Part VII

  • Carl Paratore

    CHAIR AND TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related
  • John Core

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Pranita Amarasinghe

    CFO/DIRECTOR

    Total calculated
    $375,639
    From this org
    $0
    From related orgs
    $370,464
    Other
    $5,175
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $297,743 related
    Bonus
    $0 + $48,996 related
    Other
    $0 + $23,725 related
    Deferred
    $0 + $5,175 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $375,639 related
  • Cheryl Anne Oldfield-Schondek

    DIRECTOR

    Total calculated
    $434,134
    From this org
    $0
    From related orgs
    $428,841
    Other
    $5,293
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $334,588 related
    Bonus
    $0 + $69,988 related
    Other
    $0 + $24,265 related
    Deferred
    $0 + $5,000 related
    Nontaxable benefits
    $0 + $293 related
    Filer's total
    $0 + $434,134 related
  • Catherine D'Amato

    PRESIDENT AND CLERK

    Total calculated
    $627,385
    From this org
    $0
    From related orgs
    $618,234
    Other
    $9,151
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $473,846 related
    Bonus
    $0 + $117,845 related
    Other
    $0 + $26,543 related
    Deferred
    $0 + $5,658 related
    Nontaxable benefits
    $0 + $3,493 related
    Filer's total
    $0 + $627,385 related

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.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
9 February 2026
IRS schema version
2024v5.5
Source object
202640429349301989

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