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Nonprofiteer
← 538 TALBOT AVENUE INC

Form 990 for tax year 2024

Filed by 538 TALBOT AVENUE INC.

Totals

Total revenue
$204,372
Total expenses
$273,694
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$203,243
Investment income
$464
Other revenue
$665
Total assets, end of year
$718,492
Total liabilities, end of year
$332,692
Net assets or fund balances, end of year
$385,800
Program services expenses (Part IX)
$249,084
Management and general expenses
$24,610
Fundraising expenses
$0
Program service expenses (Part III)
$249,084

Program services were 91.0% 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 $203,243 · related or exempt $203,243

  • 3 · Investment income

    total $464 · excluded $464

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $665 · related or exempt $665

  • 11e · Other revenue, total

    $665

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $53,348 · program services $40,238 · management and general $13,110

  • 11b · Fees: legal

    total $5,648 · program services $5,648

  • 11c · Fees: accounting

    total $11,500 · management and general $11,500

  • 13 · Office expenses

    total $7,595 · program services $7,595

  • 20 · Interest

    total $12,617 · program services $12,617

  • 22 · Depreciation, depletion and amortization

    total $46,595 · program services $46,595

  • 23 · Insurance

    total $16,271 · program services $16,271

  • 24a · Other expenses: CONTRACTS

    total $63,920 · program services $63,920

  • 24b · Other expenses: UTILITIES

    total $12,602 · program services $12,602

  • 24c · Other expenses: MISCELLANEOUS

    total $10,259 · program services $10,259

  • 24d · Other expenses: REAL ESTATE TAXES

    total $10,258 · program services $10,258

  • 24e · All other expenses

    total $23,081 · program services $23,081

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $13,909 · end of year $10,324

  • 4 · Accounts receivable

    beginning of year $2,853 · end of year $6,465

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,200 · end of year $8,331

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

    $1,763,022

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

    $1,126,800

  • 10c · Land, buildings and equipment, net

    beginning of year $658,311 · end of year $636,222

  • 15 · Other assets

    beginning of year $69,309 · end of year $57,150

  • 17 · Accounts payable and accrued expenses

    beginning of year $38,322 · end of year $51,553

  • 23 · Secured mortgages and notes payable

    beginning of year $252,331 · end of year $264,948

  • 25 · Other liabilities

    beginning of year $6,807 · end of year $16,191

  • 27 · Net assets without donor restrictions

    beginning of year -$896,346 · end of year -$953,051

  • 28 · Net assets with donor restrictions

    beginning of year $1,351,468 · end of year $1,338,851

Mission and programs · 2024

Mission

TO PROVIDE ELDERLY INDIVIDUALS OF LOW INCOME WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR NEEDS. THE ORGANIZATION OWNS AND OPERATES 14 UNITS OF AFFORDABLE HOUSING IN DORCHESTER, MASSACHUSETTS

Activities or mission (Part I)

TO PROVIDE ELDERLY INDIVIDUALS OF LOW INCOME WITH HOUSING FACILITIES AND SERVICES.

  • THE ORGANIZATION OWNS AND OPERATES A 14-UNIT BUILDING USED EXCLUSIVELY AS HOUSING FOR LOW-INCOME ELDERLY INDIVIDUALS

    Expenses $249,084 · Revenue $203,908

As filed on the 2024 return.

Listed in Part VII

  • LINDA MONTEIRO

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • TANYA WESLEY-WHITE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANNETT MCCLANAHAN

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • MARIDENA ROJAS

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • WHITNEY DEMETRIUS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARGO BLACKWELL-MOQUIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEVIN BENJAMIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CARLA RICHARDS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • ALPHONSO PETERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KATHALENE CAIRNS MACPHERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2024
Filed
24 June 2026
IRS schema version
2024v5.5
Source object
202631819349301573

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