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Nonprofiteer
← BOSTON POST ROAD HOUSING DEVELOPMENT FUND CORPORATION

Form 990 for tax year 2024

Filed by BOSTON POST ROAD HOUSING DEVELOPMENT FUND CORPORATION.

Totals

Total revenue
$224,616
Total expenses
$628,661
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$216,000
Investment income
$8,616
Other revenue
$0
Total assets, end of year
$1,233,916
Total liabilities, end of year
$1,219,860
Net assets or fund balances, end of year
$14,056
Program services expenses (Part IX)
$550,554
Management and general expenses
$78,107
Fundraising expenses
$0
Program service expenses (Part III)
$550,554

Program services were 87.6% 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 $216,000 · related or exempt $216,000 · unrelated business $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $8,534 · excluded $8,534

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $82

  • 7c · Gain or loss

    securities $82 · other assets $0

  • 7d · Net gain or loss

    total $82 · excluded $82

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 11a · Fees: management

    total $0 · program services $0 · fundraising $0

  • 11c · Fees: accounting

    total $17,300 · program services $17,300 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $97 · program services $97 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $248 · program services $248 · management and general $0 · fundraising $0

  • 14 · Information technology

    total $1,979 · program services $1,979 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $114,921 · program services $114,921 · management and general $0 · fundraising $0

  • 20 · Interest

    total $7,334 · program services $7,334 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $129,241 · program services $129,241 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $21,274 · program services $21,274 · management and general $0 · fundraising $0

  • 24a · Other expenses: SECURITY SERVICES

    total $164,562 · program services $164,562 · management and general $0 · fundraising $0

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $87,984 · program services $87,984 · management and general $0 · fundraising $0

  • 24c · Other expenses: ALLOCATED PAYROLL & BENEFITS

    total $64,552 · program services $269 · management and general $64,283 · fundraising $0

  • 24d · Other expenses: PROPERTY MGMT FEES

    total $13,824 · management and general $13,824

  • 24e · All other expenses

    total $5,345 · program services $5,345 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $74,148 · end of year $58,871

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

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

    $3,544,799

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

    $2,599,579

  • 10c · Land, buildings and equipment, net

    beginning of year $1,072,267 · end of year $945,220

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $222,450 · end of year $229,825

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,922 · end of year $31,269

  • 22 · Loans and payables to officers and key people

    end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $2,200,000 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,390,142 · end of year $1,188,591

  • 27 · Net assets without donor restrictions

    beginning of year -$2,239,199 · end of year $14,056

Mission and programs · 2024

Mission

ORGANIZED TO OWN, REHABILITATE, AND OPERATE A 20-UNIT HOUSING PROJECT PROVIDING PERMANENT HOUSING TO LOW-INCOME INDIVIDUALS.

  • ORGANIZED TO OWN, REHABILITATE, AND OPERATE A 20-UNIT HOUSING PROJECT PROVIDING PERMANENT HOUSING TO LOW-INCOME INDIVIDUALS.

    Expenses $550,554 · Revenue $216,000

As filed on the 2024 return.

Listed in Part VII

  • ARLO M CHASE

    TREASURER

    Total calculated
    $388,913
    From this org
    $0
    From related orgs
    $336,453
    Other
    $52,460
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $336,453 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,800 related
    Nontaxable benefits
    $0 + $41,660 related
    Filer's total
    $0 + $388,913 related

  • DOUGLAS J WALERSTEIN

    CHIEF FINANCIAL OFFICER

    Total calculated
    $419,581
    From this org
    $0
    From related orgs
    $375,394
    Other
    $44,187
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $375,394 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $39,400 related
    Nontaxable benefits
    $0 + $4,787 related
    Filer's total
    $0 + $419,581 related

  • PERRY J PERLMUTTER

    PRESIDENT & CEO

    Total calculated
    $631,473
    From this org
    $0
    From related orgs
    $538,511
    Other
    $92,962
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $538,511 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $57,600 related
    Nontaxable benefits
    $0 + $35,362 related
    Filer's total
    $0 + $631,473 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3
SERVICES FOR THE UNDERSERVED, INC. (EIN: 91-1918247), A 501(C)(3) AFFILIATE OF THE REPORTING ORGANIZATION, PAID COMPENSATION TO THE REPORTING ORGANIZATION'S TOP MANAGEMENT OFFICIAL. SERVICES FOR THE UNDERSERVED, INC. HAS ESTABLISHED THE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL USING COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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.

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.

Related corporations and trusts

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

  • 1070 WASHINGTON GENERAL PARTNER LLC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • 1070 WASHINGTON HDFC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • 1434 UNDERCLIFF GP INC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • 21 TRUXTON STREET GP INC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • 3361 THIRD AVENUE HDFC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • ALABAMA AVENUE MANAGER LLC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • C1 C2 VITAL BK HDFC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • C3 VITAL BK HDFC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • DREITZER CORP

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • DREITZER HDFC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • G&M PROPERTIES II HDFC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • HILL HDFC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • HILL HOUSE ASSOCIATES INC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • JEROME 1769 AVENUE MM LLC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • JEROME 1769 LIHTC LLC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • MACOMBS ROAD HOUSING GP INC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • MELROSE NORTH MM LLC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • MOTHER GASTON HOUSING GP INC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • PALLADIA EAST 162ND ST HDFC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • SUS 1769 JEROME AVENUE INC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • SUS 2264 MORRIS AVENUE INC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • SUS ALABAMA AVENUE HDFC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • SUS BROADWAY DECATUR INC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • SUS MELROSE NORTH INC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • SUS MGX PHASE 2 G MEMBER INC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • SUS STARHILL LLC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • SUS STARHILL PHASE II LLC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • SUS VITAL BK C1 INC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • SUS VITAL BK C3 INC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • WESTCHESTER GARDENS DEVELOPMENT CORP

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • WESTCHESTER GARDENS HDFC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

  • G&M PROPERTIES II LLC

    C Corporation · HOUSING · NY · 0% owned · share of income $0 · share of assets $0

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2024
Filed
7 May 2026
IRS schema version
2024v5.1
Source object
202601279349302430

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