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← PEOPLE IMPROVING COMMUNITIES AND NEIGHBORHOODS

Form 990 for tax year 2024

Filed by PEOPLE IMPROVING COMMUNITIES AND NEIGHBORHOODS.

Totals

Total revenue
$50,549
Total expenses
$74,615
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$50,421
Investment income
$128
Other revenue
$0
Total assets, end of year
$1,343,603
Total liabilities, end of year
$1,480,729
Net assets or fund balances, end of year
-$137,126
Program services expenses (Part IX)
$59,643
Management and general expenses
$14,972
Fundraising expenses
$0
Program service expenses (Part III)
$59,643

Program services were 79.9% 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: CLIENT FEES

    total $50,421 · related or exempt $50,421

  • 3 · Investment income

    total $128 · excluded $128

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $3,023 · management and general $3,023

  • 13 · Office expenses

    total $4,109 · program services $1,644 · management and general $2,465

  • 17 · Travel

    total $25,739 · program services $25,739

  • 22 · Depreciation, depletion and amortization

    total $32,146 · program services $32,146

  • 23 · Insurance

    total $9,405 · management and general $9,405

  • 24a · Other expenses: BAD DEBT

    total $79 · management and general $79

  • 24b · Other expenses: RECRUITING AND PROMOTIO

    total $60 · program services $60

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $54 · program services $54

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $728,386 · end of year $726,673

  • 4 · Accounts receivable

    beginning of year $6,625 · end of year $12,696

  • 9 · Prepaid expenses and deferred charges

    beginning of year $318 · end of year $345

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

    $749,777

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

    $145,888

  • 10c · Land, buildings and equipment, net

    beginning of year $636,035 · end of year $603,889

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,320 · end of year $3,445

  • 19 · Deferred revenue

    end of year $619

  • 23 · Secured mortgages and notes payable

    beginning of year $1,283,784 · end of year $1,283,784

  • 25 · Other liabilities

    beginning of year $197,320 · end of year $192,881

  • 27 · Net assets without donor restrictions

    beginning of year -$113,060 · end of year -$137,126

Mission and programs · 2024

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE-INCOME PEOPLE

  • PROVIDING AFFORDABLE HOUSING TO LOW AND MODERATE-INCOME PEOPLE

    Expenses $59,643 · Revenue $50,421

As filed on the 2024 return.

Listed in Part VII

  • RENE LACHAPELLE

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • DEBORAH DUTRA

    CLERK

    Total calculated
    $0
    Hours/week
    1

  • WILLIAM BURNS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • KERRI CORDEIRO

    DIRECTOR (TO 3/25)

    Total calculated
    $0
    Hours/week
    1

  • TAYLOR TORRES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUSAN RAPOSA

    DIRECTOR (TO 11/24)

    Total calculated
    $0
    Hours/week
    1

  • CHANTELLE MOURA

    DIRECTOR (AS OF 3/25)

    Total calculated
    $0
    Hours/week
    1

  • CHRISTINE HUGHES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MEGAN STIRK

    PRESIDENT/CEO

    Total calculated
    $348,982
    From this org
    $0
    From related orgs
    $308,865
    Other
    $40,117
    Hours/week
    2 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $308,865 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $23,500 related
    Nontaxable benefits
    $0 + $16,617 related
    Filer's total
    $0 + $348,982 related

  • ELIZABETH MACHADO

    CFO

    Total calculated
    $289,247
    From this org
    $0
    From related orgs
    $247,714
    Other
    $41,533
    Hours/week
    2 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $247,714 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $23,500 related
    Nontaxable benefits
    $0 + $18,033 related
    Filer's total
    $0 + $289,247 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 4B
PARTICIPANTS IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN FUNDED BY A RELATED ORGANIZATION: MEGAN STIRK- PRESIDENT & CEO FOR PEOPLE, INCORPORATED: $23,500 ELIZABETH MACHADO- CFO FOR PEOPLE, INCORPORATED: $23,500

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.

Provenance

Return type
form_990
Tax year
2024
Filed
14 April 2026
IRS schema version
2024v5.5
Source object
202631069349300718

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