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Nonprofiteer
← THE NEIGHBORHOOD DEVELOPERS INC

Form 990 for tax year 2024

Filed by THE NEIGHBORHOOD DEVELOPERS INC.

Totals

Total revenue
$11,543,347
Total expenses
$8,949,973
Contributions and grants received
$5,748,703
Grants paid
$830,501
Program service revenue
$4,936,044
Investment income
$858,600
Other revenue
$0
Total assets, end of year
$43,371,059
Total liabilities, end of year
$29,265,682
Net assets or fund balances, end of year
$14,105,377
Program services expenses (Part IX)
$6,454,951
Management and general expenses
$1,795,361
Fundraising expenses
$699,661
Program service expenses (Part III)
$6,454,951

Program services were 72.1% 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

    $5,748,703

  • 2a · Program service revenue: DEVELOPMENT FEES

    total $1,518,528 · related or exempt $1,518,528

  • 2b · Program service revenue: RENTAL INCOME

    total $1,454,438 · related or exempt $1,454,438

  • 2c · Program service revenue: INTEREST ON NOTE RECEIVABLE

    total $1,188,387 · related or exempt $1,188,387

  • 2d · Program service revenue: SERVICE FEES

    total $774,691 · related or exempt $774,691

  • 7a · Gross sales of assets other than inventory

    securities $858,600

  • 7b · Less cost or other basis and sales expenses

    securities $0

  • 7c · Gain or loss

    securities $858,600

  • 7d · Net gain or loss

    total $858,600 · excluded $858,600

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $830,501 · program services $830,501

  • 5 · Compensation of officers, directors and key employees

    total $743,008 · program services $488,178 · management and general $148,061 · fundraising $106,769

  • 7 · Other salaries and wages

    total $2,885,493 · program services $1,869,102 · management and general $566,899 · fundraising $449,492

  • 9 · Other employee benefits

    total $735,068 · program services $518,491 · management and general $157,260 · fundraising $59,317

  • 11a · Fees: management

    total $99,299 · program services $99,299

  • 11b · Fees: legal

    total $45,041 · program services $21,190 · management and general $22,587 · fundraising $1,264

  • 11c · Fees: accounting

    total $144,464 · program services $67,968 · management and general $72,441 · fundraising $4,055

  • 11e · Fees: professional fundraising services

    total $33,073 · fundraising $33,073

  • 11g · Fees: other

    total $1,628,356 · program services $1,192,393 · management and general $435,963

  • 13 · Office expenses

    total $486,963 · program services $250,722 · management and general $202,769 · fundraising $33,472

  • 16 · Occupancy

    total $920,501 · program services $728,453 · management and general $179,829 · fundraising $12,219

  • 22 · Depreciation, depletion and amortization

    total $398,206 · program services $388,654 · management and general $9,552

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,385,061 · end of year $4,110,072

  • 4 · Accounts receivable

    beginning of year $337,967 · end of year $1,020,790

  • 7 · Other notes and loans receivable

    beginning of year $5,569,250 · end of year $7,314,126

  • 9 · Prepaid expenses and deferred charges

    beginning of year $117,680 · end of year $519,750

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

    $16,641,227

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

    $2,223,310

  • 10c · Land, buildings and equipment, net

    beginning of year $14,347,942 · end of year $14,417,917

  • 14 · Intangible assets

    beginning of year $316,948 · end of year $259,183

  • 15 · Other assets

    beginning of year $10,822,307 · end of year $15,729,221

  • 17 · Accounts payable and accrued expenses

    beginning of year $534,267 · end of year $1,111,767

  • 19 · Deferred revenue

    beginning of year $3,058,501 · end of year $1,929,901

  • 23 · Secured mortgages and notes payable

    beginning of year $19,292,483 · end of year $24,380,867

  • 25 · Other liabilities

    beginning of year $499,901 · end of year $1,843,147

  • 27 · Net assets without donor restrictions

    beginning of year $8,820,800 · end of year $12,365,608

  • 28 · Net assets with donor restrictions

    beginning of year $2,691,203 · end of year $1,739,769

Mission and programs · 2024

Mission

THE MISSION OF THE NEIGHBORHOOD DEVELOPERS, INC (TND) IS TO CREATE STRONG NEIGHBORHOODS ENABLING COMMUNITY MEMBERS TO SECURE A STABLE HOME, ACHIEVE ECONOMIC MOBILITY, AND DETERMINE THEIR OWN FUTURE. TND EMPLOYS FOUR INVESTMENT STRATEGIES TO BUILD STRONG AND JUST NEIGHBORHOODS: REAL ESTATE DEVELOPMENT TO EXPAND AFFORDABLE HOUSING INVENTORY AND BUILD EQUITABLE NEIGHBORHOODS; COMMUNITY BUILDING TO FOSTER LEADERSHIP DEVELOPMENT IN ORGANIZING FOR SELF ADVOCACY; FINANCIAL CAPABILITIES AND WORKFORCE DEVELOPMENT TO INCREASE FAMILY PROSPERITY, DELIVERED IN COLLABORATION WITH OUR CONNECT PARTNERS; AND RESIDENT SERVICES, SO THAT THE RESIDENTS OF TND PROPERTIES SUCCEED AT HOME, SCHOOL, WORK AND IN THE COMMUNITY

Activities or mission (Part I)

THE MISSION OF THE NEIGHBORHOOD DEVELOPERS, INC. (TND) IS TO CREATE STRONG NEIGHBORHOODS ENABLING COMMUNITY MEMBERS TO SECURE A STABLE HOME, ACHIEVE ECONOMIC MOBILITY,AND DETERMINE THEIR OWN FUTURE. TND EMPLOYS FOUR INVESTMENT STRATEGIES TO BUILD STRONG AND JUST NEIGHBORHOODS: REAL ESTATE DEVELOPMENT TO EXPAND AFFORDABLE HOUSING INVENTORY AND BUILD EQUITABLE NEIGHBORHOODS; COMMUNITY BUILDING TO FOSTER LEADERSHIP DEVELOPMENT IN ORGANIZING FOR SELF ADVOCACY; FINANCIAL CAPABILITIES AND WORKFORCE DEVELOPMENT TO INCREASE FAMILY PROSPERITY, DELIVERED IN COLLABORATION WITH OUR CONNECT PARTNERS; AND RESIDENT SERVICES, SO THAT THE RESIDENTS OF TND PROPERTIES SUCCEED AT HOME, SCHOOL, WORK AND IN THE COMMUNITY.

  • RENTAL PROPERTIES - THE RENTAL PROPERTIES THROUGH 2021, TND OWNED AND MANAGED 611 RESIDENTIAL APARTMENTS THAT PROVIDE AN AFFORDABLE HOME FOR LOW-AND-MODERATE-INCOME INDIVIDUALS AND FAMILIES. A THIRD PARTY VENDOR, WINN RESIDENTIAL, PROVIDES PROPERTY MANAGEMENT SERVICES ON OUR BEHALF AND WORKS CLOSELY WITH TND'S RESIDENT SERVICES AND ASSET MANAGEMENT TEAMS TO ENSURE THAT OUR PROPERTIES PROVIDE RESIDENTS WITH A HIGH-QUALITY AFFORDABLE HOME. TND'S PROPERTIES ALSO INCLUDE EIGHT COMMERCIAL SPACES, PROVIDING AFFORDABLE RENTS FOR CHELSEA BUSINESSES.

    Expenses $2,993,178 · Grants $25,000 · Revenue $3,417,516

  • CONNECT - THE CONNECT PROGRAM HELPS ADDRESS DISPLACEMENT AMONG LOW-INCOME INDIVIDUALS AND FAMILIES BY STABILIZING THEIR FINANCIAL OUTLOOK AND PROVIDING TOOLS TO HELP THESE HOUSEHOLDS MANAGE, AND GROW THEIR INCOME THROUGH FINANCIAL CAPABILITY, WORKFORCE DEVELOPMENT, AND HOUSING AND INCOME STABILIZATION PROGRAMMING. SERVICES TO THE COMMUNITY START WITH A RESOURCE HOTLINE, AND INCLUDE RESOURCES FOR RENTAL AND UTILITIES ASSISTANCE, FINANCIAL COACHING, MASSHEALTH, SNAP, WORKFORCE DEVELOPMENT AND TAX PREPARATION.

    Expenses $1,072,559 · Grants $556,229

  • REAL STATE DEVELOPMENT- THE REAL ESTATE DEVELOPMENT PROGRAM REDUCES AND PRESERVES AFFORDABLE AND MIXED INCOME MULTI-FAMILY RENTAL PROPERTIES AND HOMES FOR SALE. THE HOMES THAT TND PRODUCES PRIMARILY BENEFIT LOW-INCOME HOUSEHOLDS EARNING 60% OR LESS OF THE AREA MEDIAN INCOME. TND HAS A GOAL TO BUILD OR PRESERVE 325 HOMES BETWEEN 2020-2024. THROUGH 2024, TND HAS PRODUCED 300 HOMES AND HAS 375 MORE HOMES IN DEVELOPMENT.

    Expenses $1,164,145 · Revenue $1,518,528

  • COMMUNITY BUILDING - TND WORKS IN COALITIONS AND THROUGH PARTNERSHIPS TO CATALYZE POSITIVE COMMUNITY CHANGE THAT EMPOWERS RESIDENTS TO TRANSFORM AND BUILD BETTER NEIGHBORHOODS. THE COMMUNITY BUILDING TEAM HOSTS SOCIAL GATHERINGS TO BUILD RELATIONSHIPS AND COLLECTIVE POWER, ORGANIZES CROSS-CITY TRAININGS TO EDUCATE COMMUNITY MEMBERS ABOUT ISSUES, AND CONNECTS RESIDENTS TO ADVOCACY OPPORTUNITIES.

    Expenses $531,952 · Grants $223,997

  • RESIDENT SERVICES - THE RESIDENT SERVICES PROGRAM IS DEDICATED TO ENSURING HOUSING STABILITY, HEALTH AND WELLNESS OF THE 1,110 LOW-INCOME RESIDENTS OF TND'S MULTI-FAMILY PROPERTIES. RESIDENT SERVICES INCLUDED MEAL AND GROCERY DELIVERIES, WELLNESS CALLS, HOUSING STABILITY COUNSELING, FINANCIAL CAPABILITY TRAINING, COMMUNITY BUILDING PROGRAMMING, AND ELDER AND FAMILY SUPPORT SERVICES.

    Expenses $363,423 · Grants $25,275

  • ASSET MANAGEMENT - FOR TND'S RESIDENTIAL AND COMMERCIAL PROPERTY PORTFOLIO, THE ASSET MANAGEMENT PROGRAM PROVIDES PROPERTY PORTFOLIO MANAGEMENT: MAINTENANCE, REPAIR AND IMPROVEMENTS OF BUILDINGS; FINANCIAL MANAGEMENT OF OPERATING PROPERTIES; AND COMPLIANCE WITH ALL REGULATORY AND INVESTOR REQUIREMENTS.

    Expenses $329,694

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Orlando Jaquez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Guadalupe Panameno

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mina Jlil

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kristen Janjar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Peter Hollands

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Sean K Mock

    PROJECT MANAGER

    Total calculated
    $102,317
    From this org
    $91,033
    From related orgs
    $0
    Other
    $11,284
    Hours/week
    40

  • Kavish Ghandi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rafael Mares

    EXECUTIVE DIRECTOR

    Total calculated
    $299,465
    From this org
    $247,473
    From related orgs
    $0
    Other
    $51,992
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $247,473
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $51,992
    Filer's total
    $299,465

  • Sandy Maynard

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Faye Dookharan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dakeya Christmas

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Charlene Bauer

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steven Laferriere

    DIRECTOR OF RE DEVELOPMENT

    Total calculated
    $185,719
    From this org
    $165,263
    From related orgs
    $0
    Other
    $20,456
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,263
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $20,456
    Filer's total
    $185,719

  • Cassandra Jean Witthaus

    SENIOR PROJECT MANAGER

    Total calculated
    $141,284
    From this org
    $125,065
    From related orgs
    $0
    Other
    $16,219
    Hours/week
    40

  • Marilyn Salgado

    DIRECTOR OF RESIDENT SERVICES

    Total calculated
    $135,704
    From this org
    $114,174
    From related orgs
    $0
    Other
    $21,530
    Hours/week
    40

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

  • 3 · Approval by the board or compensation committee

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

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.

  • GERRISH TND INC

    501(C)(3) · MAINTAINING AND RENTING COMMERCIAL PROPERTY · MA · controlled entity

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

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.

  • CHELSEA NEIGHBORHOOD DEVELOPERS LLC

    TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

  • REVERE NEIGHBORHOOD DEVELOPERS LLC

    TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

  • WALDEN HOUSE LLC

    TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

  • NORTH BELLINGHAM VETERANS HOME LLC

    TO DEVELOP AND PROVIDE HOUSING FOR VETERANS · MA

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

  • CHELSEA NEIGHBORHOOD DEVELOPERS LLC

    TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

  • BROADWAY EVERETT TND LLC

    TO DEVELOP AND PROVIDE HOUSING FOR VETERANS · MA

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

  • TND BROADWAY MT LLC

    TO DEVELOP AND PROVIDE HOUSING FOR VETERANS · MA

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

  • TND 181 CHESTNUT LLC

    TO DEVELOP AND PROVIDE HOUSING FOR VETERANS · MA

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

  • CHELSEA LEGACY PORTFOLIO MM LLC

    TO DEVELOP AND PROVIDE HOUSING FOR VETERANS · MA

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

  • ST THERESE 9 MM LLC

    TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

  • LAWRENCE BLDG LLC

    TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA · assets $5,183,379

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

  • TND 170 COTTAGE LLC

    TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

  • 25 SIXTH STREET CONDOS LLC

    TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA · income $0 · assets $4,246,340

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

  • TND 181 CHESTNUT MM LLC

    TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA · income $0 · assets $8,955,820

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

  • CHELSEA HOMES I LIMITED PARTNERSHIP

    TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

  • LAWRENCE BLDG MT LLC

    TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA · income $0

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

Related partnerships

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

  • JANUS HIGHLAND LP

    TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA

  • 113 SPENCER LIMITED PARTNERSHIP

    TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA

  • SPENCER ROW LIMITED PARTNERSHIP

    TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA

  • HIGHLAND TERRACE LIMITED PARTNERSHIP

    TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA

  • 525 BEACH STREET LIMITED PARTNERSHIP

    TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA

  • 189 BROADWAY LIMITED

    TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA

  • 242 SPENCER LIMITED

    TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA

  • TND HOMES I LLC

    TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA

  • SACHEM REVERE LLC

    TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA

  • CHELSEA LEGACY PORTFOLIO LLC

    TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA

  • ST THERESE 4 LLC

    TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA

  • ST THERESE 9 LLC

    TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA

  • 25 SIXTH MM LLC

    TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • 525 BEACH STREET GP INC25 BEACH STREET GP INC

    C · TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA · 79% owned · controlled entity

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

  • 113 SPENCER GP INC

    C · TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA · 79% owned · share of income -$1,369 · share of assets -$19,454 · controlled entity

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

  • SPENCER ROW GP INC

    C · TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA · 100% owned · share of income -$1,428 · share of assets -$22,308 · controlled entity

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

  • HIGHLAND TERRACE GP INC

    C · TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA · 100% owned · share of income -$1,733 · share of assets -$19,937 · controlled entity

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

  • 525 BEACH STREET GP INC

    C · TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA · 100% owned · share of income -$1,749 · share of assets -$18,024 · controlled entity

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

  • 189 BROADWAY GP INC

    C · TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA · 79% owned · share of income $59,870 · share of assets -$234,295 · controlled entity

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

  • TND HOMES I MM LLC

    C · TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA · 55% owned · share of income -$795 · share of assets -$9,310 · controlled entity

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

  • 242 SPENCER GP LLC

    C · TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA · 79% owned · share of income -$36 · share of assets -$6,246 · controlled entity

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

  • SACHEM REVERE MM LLC

    C · TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA · 79% owned · controlled entity

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

  • CHELSEA HOMES I GP INC

    C · TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA · 100% owned · controlled entity

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

  • ST THERESE 9 MM LLC

    C · TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA · 100% owned · share of income -$30 · share of assets -$30 · controlled entity

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

  • 1005 BROADWAY TND LLC

    C · TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA · 100% owned · share of income -$26 · share of assets -$40 · controlled entity

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

  • ST THERESE 4 MM LLC

    C · TO DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS · MA · 79% owned · share of assets $30 · controlled entity

    Directly controlled by THE NEIGHBORHOOD DEVELOPERS INC

Provenance

Return type
form_990
Tax year
2024
Filed
15 November 2025
IRS schema version
2024v5.2
Source object
202533199349302988

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