Form 990 for tax year 2024
Filed by CENTER REDEVELOPMEMT CORPORATION.
Totals
- Total revenue
- $1,702,163
- Total expenses
- $1,736,311
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,702,124
- Investment income
- $39
- Other revenue
- $0
- Total assets, end of year
- $3,469,540
- Total liabilities, end of year
- $575,186
- Net assets or fund balances, end of year
- $2,894,354
- Program services expenses (Part IX)
- $1,356,253
- Management and general expenses
- $380,058
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,356,253
Program services were 78.1% 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 $1,702,124 · related or exempt $1,702,124
-
3 · Investment income
total $39 · excluded $39
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $236,299 · management and general $236,299
-
7 · Other salaries and wages
total $191,342 · program services $191,342
-
8 · Pension plan contributions
total $2,813 · program services $2,813
-
9 · Other employee benefits
total $36,045 · program services $34,099 · management and general $1,946
-
10 · Payroll taxes
total $23,789 · program services $14,042 · management and general $9,747
-
11b · Fees: legal
total $5,475 · program services $5,475
-
11c · Fees: accounting
total $18,887 · management and general $18,887
-
11g · Fees: other
total $27,349 · program services $27,349
-
12 · Advertising and promotion
total $48,094 · management and general $48,094
-
13 · Office expenses
total $5,400 · management and general $5,400
-
14 · Information technology
total $13,633 · management and general $13,633
-
22 · Depreciation, depletion and amortization
total $186,865 · program services $186,865
-
23 · Insurance
total $94,597 · program services $88,387 · management and general $6,210
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $336,189 · program services $336,189
-
24b · Other expenses: BUILDING SERVICES
total $157,855 · program services $157,855
-
24c · Other expenses: UTILITIES
total $129,482 · program services $129,482
-
24d · Other expenses: REAL ESTATE AND OTHER T
total $125,002 · program services $125,002
-
24e · All other expenses
total $97,195 · program services $57,353 · management and general $39,842
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $140,094 · end of year $56,258
-
4 · Accounts receivable
beginning of year $31,139 · end of year $34,610
-
9 · Prepaid expenses and deferred charges
beginning of year $97,761 · end of year $69,238
-
10a · Land, buildings and equipment: cost or other basis
$10,074,972
-
10b · Land, buildings and equipment: accumulated depreciation
$6,833,943
-
10c · Land, buildings and equipment, net
beginning of year $2,828,845 · end of year $3,241,029
-
15 · Other assets
beginning of year $98,900 · end of year $68,405
-
17 · Accounts payable and accrued expenses
beginning of year $74,247 · end of year $99,850
-
19 · Deferred revenue
beginning of year $26,520 · end of year $12,727
-
21 · Escrow or custodial account liability
beginning of year $114,001 · end of year $109,584
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $324,000
-
25 · Other liabilities
beginning of year $53,469 · end of year $29,025
-
29 · Capital stock, trust principal or current funds
beginning of year $647,519 · end of year $647,519
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $18,694,111 · end of year $18,694,111
-
31 · Retained earnings, endowment or other funds
beginning of year -$16,413,128 · end of year -$16,447,276
Mission and programs · 2024
Mission
TO PROMOTE THE EDUCATIONAL PURPOSES OF THE TRUSTEES OF MOUNT HOLYOKE COLLEGE, A NON-PROFIT INSTITUTION FOR HIGHER EDUCATION, BY PROVIDING FUNDS AND SERVICES AS WELL AS BY ACQUIRING AND HOLDING REAL AND PERSONAL PROPERTY FOR THE BENEFIT OF THE TRUSTEES OF MOUNT HOLYOKE COLLEGE AND SUCH ORGANIZATIONS AFFILIATED THEREWITH.
Activities or mission (Part I)
HOLDING PROPERTY TO PROMOTE THE EDUCATIONAL MISSION OF TRUSTEES OF MOUNT HOLYOKE COLLEGE
-
PROVIDE FUNDS AND SERVICES AS WELL AS ACQUIRE AND HOLD REAL AND PERSONAL PROPERTY FOR THE BENEFIT OF THE TRUSTEES OF MOUNT HOLYOKE COLLEGE (EIN: 04-2103578), A 501(C)(3) EXEMPT ORGANIZATION.
Expenses $1,356,253 · Revenue $1,702,124
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
JEFFREY LABRECQUE
COO THRU 3/2025 THEN CEO
- Total calculated
- $176,156
- From this org
- $154,018
- From related orgs
- $0
- Other
- $22,138
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $121,518
- Bonus
- $32,500
- Other
- $0
- Deferred
- $3,646
- Nontaxable benefits
- $18,492
- Filer's total
- $176,156
-
JAMES F CAREY
CEO / DIRECTOR (END 3/2025)
- Total calculated
- $74,660
- From this org
- $73,401
- From related orgs
- $0
- Other
- $1,259
- Hours/week
- 10
-
DEBORAH BUCKLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
WAYNE D GASS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
STEPHEN N KREVALIN
CLERK/DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
PETER H BARRY
CHAIR
- Total calculated
- $0
- Hours/week
- 0.25
-
JACKIE CHARRON
DIRECTOR;VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.25
-
MARY JO MAYDEW
TREASURER/DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
LOUISE WASSO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
KIMBERLY PROUGH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
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
- 3 · Compensation committee
- 3 · Approval by the board or compensation committee
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
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.
-
TRUSTEES OF MOUNT HOLYOKE COLLEGE
501(C)(3) · EDUCATIONAL INSTITUTION · MA
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 31 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503089349302070
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.