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Nonprofiteer
← MISHAWUM PARK TENANTS ASSOCIATION INC

Form 990 for tax year 2023

Filed by MISHAWUM PARK TENANTS ASSOCIATION INC.

Totals

Total revenue
$5,178,748
Total expenses
$6,810,834
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$5,123,948
Investment income
$52,512
Other revenue
$2,288
Total assets, end of year
$31,796,442
Total liabilities, end of year
$27,424,918
Net assets or fund balances, end of year
$4,371,524
Program services expenses (Part IX)
$5,778,783
Management and general expenses
$1,032,051
Fundraising expenses
$0
Program service expenses (Part III)
$5,778,783

Program services were 84.8% 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 $5,123,948 · related or exempt $5,123,948

  • 3 · Investment income

    total $50,059 · excluded $50,059

  • 7a · Gross sales of assets other than inventory

    securities $200,000

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

    securities $197,547

  • 7c · Gain or loss

    securities $2,453

  • 7d · Net gain or loss

    total $2,453 · excluded $2,453

  • 11a · Other revenue: LAUNDRY INCOME

    total $1,858 · excluded $1,858

  • 11b · Other revenue: EIV REPAYMENT FEE

    total $430 · excluded $430

  • 11e · Other revenue, total

    $2,288

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $874,978 · program services $434,357 · management and general $440,621

  • 9 · Other employee benefits

    total $189,368 · program services $93,404 · management and general $95,964

  • 10 · Payroll taxes

    total $88,054 · program services $32,913 · management and general $55,141

  • 11a · Fees: management

    total $203,892 · management and general $203,892

  • 11b · Fees: legal

    total $35,984 · management and general $35,984

  • 11c · Fees: accounting

    total $40,544 · management and general $40,544

  • 13 · Office expenses

    total $158,894 · management and general $158,894

  • 16 · Occupancy

    total $1,505,042 · program services $1,505,042

  • 20 · Interest

    total $390,940 · program services $390,940

  • 22 · Depreciation, depletion and amortization

    total $1,497,631 · program services $1,497,631

  • 23 · Insurance

    total $574,230 · program services $574,230

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $1,233,953 · program services $1,233,953

  • 24b · Other expenses: PERMITS & FEES

    total $16,313 · program services $16,313

  • 24c · Other expenses: MASSHOUSING TAP PROGRAM

    total $1,011 · management and general $1,011

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,060 · end of year $23,911

  • 2 · Savings and temporary cash investments

    beginning of year $295,530 · end of year $287,770

  • 4 · Accounts receivable

    beginning of year $193,483 · end of year $191,356

  • 9 · Prepaid expenses and deferred charges

    beginning of year $258,543 · end of year $285,064

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

    $59,040,911

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

    $32,295,047

  • 10c · Land, buildings and equipment, net

    beginning of year $28,093,510 · end of year $26,745,864

  • 11 · Investments: publicly traded securities

    beginning of year $331,866 · end of year $373,796

  • 15 · Other assets

    beginning of year $4,499,096 · end of year $3,888,681

  • 17 · Accounts payable and accrued expenses

    beginning of year $830,656 · end of year $893,784

  • 19 · Deferred revenue

    beginning of year $120,855 · end of year $89,811

  • 21 · Escrow or custodial account liability

    beginning of year $210,132 · end of year $214,380

  • 23 · Secured mortgages and notes payable

    beginning of year $26,536,974 · end of year $26,226,943

  • 27 · Net assets without donor restrictions

    beginning of year $5,985,471 · end of year $4,371,524

Mission and programs · 2023

Mission

TO IMPROVE, ACQUIRE, REHABILITATE AND OPERATE THE EXISTING AFFORDABLE HOUSING PROJECT.

  • TO IMPROVE, ACQUIRE, REHABILITATE AND OPERATE THE EXISTING AFFORDABLE HOUSING PROJECT.

    Expenses $5,778,783 · Revenue $5,123,948

As filed on the 2023 return.

Listed in Part VII

  • Donna Wallace

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • William Donohue

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kellie Ward

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lisa Sgro

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Karen Scanlan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carol Howell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Teri Muscarella

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sharron Wallace

    BOARD MEMBER (THRU. 10/23)

    Total calculated
    $0
    Hours/week
    1

  • John Upton

    BOARD MEMBER (THRU. 10/23)

    Total calculated
    $0
    Hours/week
    1

  • Paul Sullivan

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • John Ward

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Joseph Sullivan

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Michael Johnson

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jan Brown

    SECRETARY

    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.

Provenance

Return type
form_990
Tax year
2023
Filed
6 August 2025
IRS schema version
2023v6.0
Source object
202512249349300826

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