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Nonprofiteer
← CARD INC

Form 990 for tax year 2023

Filed by CARD INC.

Totals

Total revenue
$1,376,452
Total expenses
$1,773,753
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$1,273,472
Investment income
$101,087
Other revenue
$1,893
Total assets, end of year
$5,397,169
Total liabilities, end of year
$5,431,476
Net assets or fund balances, end of year
-$34,307
Program services expenses (Part IX)
$1,515,063
Management and general expenses
$258,690
Fundraising expenses
$0
Program service expenses (Part III)
$1,515,063

Program services were 85.4% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $1,273,472 · related or exempt $1,273,472

  • 3 · Investment income

    total $101,087 · excluded $101,087

  • 11a · Other revenue: LAUNDRY INCOME

    total $1,893 · related or exempt $1,893

  • 11e · Other revenue, total

    $1,893

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $199,724 · program services $68,614 · management and general $131,110

  • 9 · Other employee benefits

    total $26,137 · program services $26,137

  • 10 · Payroll taxes

    total $13,087 · program services $13,087

  • 11a · Fees: management

    total $66,006 · management and general $66,006

  • 11c · Fees: accounting

    total $21,550 · management and general $21,550

  • 11g · Fees: other

    total $3,014 · program services $1,989 · management and general $1,025

  • 12 · Advertising and promotion

    total $1,314 · management and general $1,314

  • 13 · Office expenses

    total $43,665 · program services $12,073 · management and general $31,592

  • 14 · Information technology

    total $6,093 · management and general $6,093

  • 16 · Occupancy

    total $63,168 · program services $63,168

  • 20 · Interest

    total $282,747 · program services $282,747

  • 22 · Depreciation, depletion and amortization

    total $92,873 · program services $92,873

  • 23 · Insurance

    total $75,670 · program services $75,670

  • 24a · Other expenses: RESIDUAL RECEIPTS RESER

    total $724,648 · program services $724,648

  • 24b · Other expenses: SERVICE CONTRACTS

    total $124,163 · program services $124,163

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $12,306 · program services $12,306

  • 24d · Other expenses: RESIDENT SERVICES

    total $11,882 · program services $11,882

  • 24e · All other expenses

    total $5,706 · program services $5,706

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $342,748 · end of year $1,667,040

  • 2 · Savings and temporary cash investments

    beginning of year $1,012,982 · end of year $1,050,859

  • 4 · Accounts receivable

    beginning of year $2,598 · end of year $5,835

  • 9 · Prepaid expenses and deferred charges

    beginning of year $30,739 · end of year $27,818

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

    $1,597,972

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

    $113,829

  • 10c · Land, buildings and equipment, net

    beginning of year $1,540,393 · end of year $1,484,143

  • 15 · Other assets

    beginning of year $2,932,180 · end of year $1,161,474

  • 17 · Accounts payable and accrued expenses

    beginning of year $99,679 · end of year $99,666

  • 21 · Escrow or custodial account liability

    beginning of year $13,378 · end of year $14,192

  • 23 · Secured mortgages and notes payable

    beginning of year $5,359,376 · end of year $5,295,704

  • 25 · Other liabilities

    beginning of year $26,213 · end of year $21,914

  • 27 · Net assets without donor restrictions

    beginning of year $362,994 · end of year -$34,307

Mission and programs · 2023

Mission

PROVIDE LOW-INCOME HOUSING FACILITIES TO THE ELDERLY AND HANDICAP.

  • CARD, INC. PROVIDED 50 UNITS OF LOW-INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED IN LITTLETON, MASSACHUSETTS.

    Expenses $1,515,063 · Revenue $1,275,365

As filed on the 2023 return.

Listed in Part VII

  • Gino Frattallone

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lin Xie

    BOARD MEMBER (THRU SEPT. 2023)

    Total calculated
    $0
    Hours/week
    1

  • Peter Fargid President

    TREASURER (THRU SEPT. 2023)

    Total calculated
    $0
    Hours/week
    1

  • Richard Larrabee Vice President

    PRESIDENT (THRU SEPT. 2023)

    Total calculated
    $0
    Hours/week
    1

  • Kim Landry

    TREASURER (AS OF SEPT. 2023)

    Total calculated
    $0
    Hours/week
    1

  • Richard Gleason

    VICE PRESIDENT (THRU SEPT. 2023)

    Total calculated
    $0
    Hours/week
    1

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.

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.

  • PARKER BIRCH LLC

    ACQUIRE, OWN, OPERATE, MANAGING, REDEVELOPING, FINANCING WITH REAL PROPERTY · MA · income $1,322,019 · assets $4,645,363

    Directly controlled by CARD INC

Related partnerships

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

  • PARKER BIRCH LIMITED PARTNERSHIP

    RELATED · TO ACQUIRE, OWN, AND OPERATE MILL POND, AN ELDERLY HOUSING APARTMENT COMPLEX · MA · 0.01% owned · share of income $132 · share of assets $465 · general or managing partner

    Directly controlled by PARKER BIRCH LLC

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202521359349302452

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