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← PETER FANEUIL DEVELOPMENT GROUP INC

Form 990 for tax year 2024

Filed by PETER FANEUIL DEVELOPMENT GROUP INC.

What the amendment changed

Compared with the return it replaced , filed 16 October 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Those are the same on the two returns, so the amendment changed something else.

Totals

Total revenue
$778,496
Total expenses
$757,728
Contributions and grants received
$108,000
Grants paid
$0
Program service revenue
$625,477
Investment income
$42,038
Other revenue
$2,981
Total assets, end of year
$3,872,664
Total liabilities, end of year
$2,525,183
Net assets or fund balances, end of year
$1,347,481
Program services expenses (Part IX)
$677,948
Management and general expenses
$79,780
Fundraising expenses
$0
Program service expenses (Part III)
$677,948

Program services were 89.5% 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

    $108,000

  • 2a · Program service revenue: RENTAL INCOME

    total $618,660 · related or exempt $618,660

  • 2b · Program service revenue: LAUNDRY INCOME

    total $6,817 · related or exempt $6,817

  • 3 · Investment income

    total $42,038 · excluded $42,038

  • 11d · All other revenue

    total $2,981 · related or exempt $2,981

  • 11e · Other revenue, total

    $2,981

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $191,059 · program services $133,919 · management and general $57,140

  • 11b · Fees: legal

    total $5,535 · program services $5,535

  • 11c · Fees: accounting

    total $22,640 · management and general $22,640

  • 11g · Fees: other

    total $1,710 · program services $1,710

  • 13 · Office expenses

    total $7,611 · program services $7,611

  • 14 · Information technology

    total $1,433 · program services $1,433

  • 16 · Occupancy

    total $113,913 · program services $113,913

  • 20 · Interest

    total $63,688 · program services $63,688

  • 22 · Depreciation, depletion and amortization

    total $151,256 · program services $151,256

  • 23 · Insurance

    total $53,786 · program services $53,786

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $129,769 · program services $129,769

  • 24b · Other expenses: SECURITY SERVICES

    total $7,991 · program services $7,991

  • 24c · Other expenses: ADMINSTRATION EXP

    total $6,190 · program services $6,190

  • 24e · All other expenses

    total $1,147 · program services $1,147

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $543,910 · end of year $356,630

  • 4 · Accounts receivable

    beginning of year $14,091 · end of year $6,805

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,221 · end of year $13,810

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

    $6,297,751

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

    $3,832,629

  • 10c · Land, buildings and equipment, net

    beginning of year $2,192,768 · end of year $2,465,122

  • 15 · Other assets

    beginning of year $1,010,264 · end of year $1,030,297

  • 17 · Accounts payable and accrued expenses

    beginning of year $34,709 · end of year $31,211

  • 19 · Deferred revenue

    beginning of year $274,573 · end of year $332,221

  • 21 · Escrow or custodial account liability

    beginning of year $42,226 · end of year $46,384

  • 23 · Secured mortgages and notes payable

    beginning of year $2,085,032 · end of year $2,115,367

  • 25 · Other liabilities

    beginning of year $1,001 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,322,173 · end of year $1,342,941

  • 28 · Net assets with donor restrictions

    beginning of year $4,540 · end of year $4,540

Mission and programs · 2024

Mission

TO DEVELOP AND OPERATE HOUSING FOR LOW INCOME PERSONS AND THEIR FAMILIES.

  • PETER FANEUIL HOUSE IS A 48 UNIT AFFORDABLE HOUSING PROPERTY IN THE FORMER FANEUIL SCHOOL ON BEACON HILL IN BOSTON, MASSACHUSETTS. PETER FANEUIL HOUSE PROVIDES HOUSING AND RELATED SERVICES FOR QUALIFIED LOW INCOME TENANTS AND THEIR FAMILIES.

    Expenses $677,948 · Revenue $628,458

As filed on the 2024 return.

Listed in Part VII

  • Eugene Clapp

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Harold J Caroll

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Mark R Kiefer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Nancy B Crowley

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Natalya Leshchiner

    CHIEF FINANCIAL OFFICER

    Total calculated
    $293,068
    From this org
    $0
    From related orgs
    $264,843
    Other
    $28,225
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $221,775 related
    Bonus
    $0 + $19,261 related
    Other
    $0 + $23,807 related
    Deferred
    $0 + $9,378 related
    Nontaxable benefits
    $0 + $18,847 related
    Filer's total
    $0 + $293,068 related

  • Suzanne Besser

    CLERK

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Walter Ramos

    PRESIDENT

    Total calculated
    $673,705
    From this org
    $0
    From related orgs
    $641,527
    Other
    $32,178
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $461,794 related
    Bonus
    $0 + $91,637 related
    Other
    $0 + $88,096 related
    Deferred
    $0 + $22,880 related
    Nontaxable benefits
    $0 + $9,298 related
    Filer's total
    $0 + $673,705 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)

PART I, LINE 3
ROGERSON COMMUNITIES, INC. (04-2104319) IS THE RELATED ORGANIZATION THAT ESTABLISHES COMPENSATION FOR NATALYA LESHCHINER AND WALTER RAMOS. THE METHODS USED TO ESTABLISH COMPENSATION ARE AS FOLLOWS: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, WRITTEN EMPLOYMENT CONTRACT, 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.

  • BEACON HOUSE ROGERSON LP

    RESIDENTIAL HOUSING · MA

  • ROSLINDALE HOUSE LIMITED PARTNERSHIP

    RESIDENTIAL HOUSING · MA

  • FARNSWORTH HOUSE LIMITED PARTNERSHIP

    RESIDENTIAL HOUSING · MA

Related corporations and trusts

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

  • BEACON HOUSE CORPORATION

    C · RESIDENTAIL HOUSING · MA

  • ROSLINDALE COOPERATIVE CORPORATION

    C · RESIDENTAIL HOUSING · MA

Provenance

Return type
form_990
Tax year
2024
Filed
13 January 2026
IRS schema version
2024v5.5
Source object
202630509349301713

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