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Nonprofiteer
← CIL REALTY INC

Form 990 for tax year 2024

Filed by CIL REALTY INC.

Totals

Total revenue
$11,980,158
Total expenses
$7,264,474
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$11,816,608
Investment income
$48,615
Other revenue
$114,935
Total assets, end of year
$584,712,315
Total liabilities, end of year
$539,471,022
Net assets or fund balances, end of year
$45,241,293
Program services expenses (Part IX)
$7,222,277
Management and general expenses
$42,197
Fundraising expenses
$0
Program service expenses (Part III)
$7,222,277

Program services were 99.4% 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: DIRECT FINANCING LEASE

    total $9,489,942 · related or exempt $9,489,942

  • 2b · Program service revenue: PROGRAM RENTAL INCOME

    total $2,326,666 · related or exempt $2,326,666

  • 3 · Investment income

    total $48,615 · excluded $48,615

  • 11d · All other revenue

    total $114,935 · related or exempt $114,935

  • 11e · Other revenue, total

    $114,935

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $24,469 · management and general $24,469

  • 11c · Fees: accounting

    total $4,074 · management and general $4,074

  • 13 · Office expenses

    total $4,423 · management and general $4,423

  • 16 · Occupancy

    total $1,079,684 · program services $1,079,684

  • 20 · Interest

    total $5,622,699 · program services $5,622,699

  • 22 · Depreciation, depletion and amortization

    total $273,987 · program services $273,987

  • 23 · Insurance

    total $58,770 · program services $58,770

  • 24a · Other expenses: LEASED EMPLOYEES

    total $149,160 · program services $149,160

  • 24b · Other expenses: PROVISION FOR CREDIT LO

    total $37,977 · program services $37,977

  • 24e · All other expenses

    total $9,231 · management and general $9,231

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,651,024 · end of year $1,119,327

  • 2 · Savings and temporary cash investments

    beginning of year $11,665,607 · end of year $12,040,287

  • 4 · Accounts receivable

    beginning of year $167,850 · end of year $223,451

  • 9 · Prepaid expenses and deferred charges

    beginning of year $23,525 · end of year $15,562

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

    $4,138,494

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

    $1,312,448

  • 10c · Land, buildings and equipment, net

    beginning of year $472,848 · end of year $2,826,046

  • 13 · Investments: program-related

    beginning of year $172,061,345 · end of year $183,543,975

  • 15 · Other assets

    beginning of year $345,537,923 · end of year $384,943,667

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,080,256 · end of year $1,124,153

  • 19 · Deferred revenue

    beginning of year $405,778 · end of year $583,714

  • 20 · Tax-exempt bond liabilities

    beginning of year $128,679,437 · end of year $144,514,258

  • 23 · Secured mortgages and notes payable

    beginning of year $56,220,700 · end of year $46,493,583

  • 25 · Other liabilities

    beginning of year $303,492,685 · end of year $346,755,314

  • 27 · Net assets without donor restrictions

    beginning of year $40,701,266 · end of year $45,241,293

Mission and programs · 2024

Mission

THE MISSION OF CIL REALTY OF MASSACHUSETTS INC., IS TO PROVIDE SUPPORTED RESIDENTIAL SERVICES, PROGRAMS AND ENVIRONMENTS TO PERSONS WITH PHYSICAL AND MENTAL DISABILITIES OF LOW AND MODERATE INCOME THROUGHOUT THE STATE OF MASSACHUSETTS BY ACQUIRING, OWNING, OPERATING AND LEASING REAL ESTATE TO NON-PROFIT ORGANIZATIONS AND TO STATE AGENCIES.

Activities or mission (Part I)

PROVIDE GROUP HOMES FOR PEOPLE WITH DISABILITIES.

  • DURING THE FISCAL YEAR ENDED 06/30/2025, CIL REALTY OF MASSACHUSSETTS ACQUIRED, DEVELOPED, LEASED AND MANAGED APPROXIMATELY 255 LICENSED RESIDENTIAL FACILITIES TO HOUSE PERSONS WITH DISABILITIES IN MASSACHUSETTS

    Expenses $7,222,277 · Revenue $11,931,543

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JACK SOOS

    CHAIR

    Total calculated
    $0
    Hours/week
    0.3 + 2.4 related

  • GIOIA ZACK

    IMMEDIATE PAST CHAIR

    Total calculated
    $0
    Hours/week
    0.3 + 2.4 related

  • KELLY REYNGOLD

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.3 + 2.4 related

  • RUTH BANTA

    TREASURER

    Total calculated
    $0
    Hours/week
    0.3 + 2.4 related

  • JOSEPH BLACK

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    0.3 + 2.4 related

  • PATRICK PINNELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 2.4 related

  • PAUL SANFORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.3 + 2.4 related

  • KENT SCHWENDY

    PRESIDENT/CEO

    Total calculated
    $364,490
    From this org
    $0
    From related orgs
    $304,058
    Other
    $60,432
    Hours/week
    2.4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $279,058 related
    Bonus
    $0 + $25,000 related
    Other
    $0
    Deferred
    $0 + $29,676 related
    Nontaxable benefits
    $0 + $30,756 related
    Filer's total
    $0 + $364,490 related

  • MARIA GREEN

    SECRETARY/CFO

    Total calculated
    $270,717
    From this org
    $0
    From related orgs
    $240,803
    Other
    $29,914
    Hours/week
    2.4 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $221,203 related
    Bonus
    $0 + $19,600 related
    Other
    $0
    Deferred
    $0 + $11,090 related
    Nontaxable benefits
    $0 + $18,824 related
    Filer's total
    $0 + $270,717 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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • GREEN HOUSING LLC

    PURCHASE GROUP HOMES · CT

    Directly controlled by CIL REALTY OF MASSACHUSETTS

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • 70 POP LLC

    UNRELATED · OWNERSHIP AND OPERATION OF A PROPERTY LOCATED IN HARTFORD, CT. · CT

    Directly controlled by CIL-CAPEWELL INC

Related corporations and trusts

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

  • CIL-CAPEWELL INC

    C · OWNERSHIP AND OPERATION OF A PROPERTY LOCATED IN HARTFORD, CT. · CT

    Directly controlled by CORPORATION FOR INDEPENDENT LIVING

  • COMMUNITY INNOVATION LAB INC

    C · FOR PROFIT DEVELOPMENT · CT

    Directly controlled by CORPORATION FOR INDEPENDENT LIVING

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202513219349304521

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