Totals
- Total revenue
- $277,927
- Total expenses
- $298,267
- Contributions and grants received
- $95,533
- Grants paid
- $0
- Program service revenue
- $181,122
- Investment income
- $514
- Other revenue
- $758
- Total assets, end of year
- $1,321,171
- Total liabilities, end of year
- $1,759,832
- Net assets or fund balances, end of year
- -$438,661
- Program services expenses (Part IX)
- $277,955
- Management and general expenses
- $20,312
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $277,955
Program services were 93.2% 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.
-
1e · Government grants (contributions)
$95,533
-
2a · Program service revenue: TENANT RENTS
total $181,122 · related or exempt $181,122
-
3 · Investment income
total $514 · excluded $514
-
11a · Other revenue: OTHER INCOME
total $758 · related or exempt $758
-
11e · Other revenue, total
$758
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $20,312 · management and general $20,312
-
11b · Fees: legal
total $9,216 · program services $9,216
-
11c · Fees: accounting
total $14,543 · program services $14,543
-
13 · Office expenses
total $4,356 · program services $4,356
-
20 · Interest
total $54,206 · program services $54,206
-
22 · Depreciation, depletion and amortization
total $65,093 · program services $65,093
-
23 · Insurance
total $16,957 · program services $16,957
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $53,969 · program services $53,969
-
24b · Other expenses: CONTRACT LABOR
total $44,749 · program services $44,749
-
24c · Other expenses: UTILITIES
total $14,603 · program services $14,603
-
24d · Other expenses: RESIDENT SERVICES
total $263 · program services $263
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $167,052 · end of year $187,975
-
4 · Accounts receivable
beginning of year $11,493 · end of year $6,774
-
9 · Prepaid expenses and deferred charges
beginning of year $12,797 · end of year $15,273
-
10a · Land, buildings and equipment: cost or other basis
$2,422,957
-
10b · Land, buildings and equipment: accumulated depreciation
$1,440,186
-
10c · Land, buildings and equipment, net
beginning of year $1,020,252 · end of year $982,771
-
15 · Other assets
beginning of year $114,848 · end of year $128,378
-
17 · Accounts payable and accrued expenses
beginning of year $28,656 · end of year $31,519
-
19 · Deferred revenue
beginning of year $1,419 · end of year $1,264
-
23 · Secured mortgages and notes payable
beginning of year $1,703,158 · end of year $1,716,065
-
25 · Other liabilities
beginning of year $11,530 · end of year $10,984
-
27 · Net assets without donor restrictions
beginning of year -$418,321 · end of year -$438,661
Mission and programs · 2022
Mission
ACQUIRE, REHABILITATE, OWN, MAINTAIN AND OPERATE LOW AND MODERATE INCOME HOUSING UNITS
Activities or mission (Part I)
TO PROVIDE HOUSING FOR LOW AND MODERATE INCOME FAMILIES
-
TO PROVIDE HOUSING FOR LOW AND MODERATE INCOME FAMILIES
Expenses $277,955 · Revenue $181,880
As filed on the 2022 return.
Listed in Part VII
-
Steve BorgersonSTEVE BORGERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jeffrey CharnelJEFFREY CHARNEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Carol DeloreyCAROL DELOREY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Kristina DafonsecaKRISTINA DAFONSECA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
David FarrellDAVID FARRELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael HealyMICHAEL HEALY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Goretti JoaquimGORETTI JOAQUIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Thomas KingTHOMAS KING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Brian McCowanBRIAN MCCOWAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Robert CorleyROBERT CORLEY
CHIEF EXECUTIVE OFFICER
- Total calculated
- $0
- Hours/week
- 2
-
Christine MacDonaldCHRISTINE MACDONALD
CHIEF FINANCIAL OFFICER
- Total calculated
- $0
- Hours/week
- 2
-
Michael McGowanMICHAEL MCGOWAN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Antoinette PabonANTOINETTE PABON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Richard PetersonRICHARD PETERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jean RileyJEAN RILEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Greidy TerreroGREIDY TERRERO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Lashaunda WatsonLASHAUNDA WATSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Beverly SomervilleBEVERLY SOMERVILLE
CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
David KilnappDAVID KILNAPP
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Patrick NeenanPATRICK NEENAN
VICE TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Jeff GraeberJEFF GRAEBER
CLERK
- Total calculated
- $0
- Hours/week
- 2
-
Daryl MayersDARYL MAYERS
ASSISTANT CLERK
- Total calculated
- $0
- Hours/week
- 2
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.
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.
-
NEIGHBORWORKS HOUSING SOLUTIONS
501(C)(3) · LOW INCOME HOUSING · MA
-
HOUSING SOLUTIONS FOR SOUTHEASTERN MASSACHUSETTS
501(C)(3) · LOW INCOME HOUSING · MA
Directly controlled by NEIGHBORWORKS HOUSING SOLUTIONS
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 December 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313489349300631
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