Form 990 for tax year 2023

Filed by HOUSING ASSISTANCE CORPORATION.

Totals

Total revenue: $47,617,428
Total expenses: $46,826,237
Contributions and grants received: $39,417,596
Grants paid: $31,985,667
Program service revenue: $8,143,314
Investment income: $81,113
Other revenue: -$24,595
Total assets, end of year: $28,353,986
Total liabilities, end of year: $16,089,783
Net assets or fund balances, end of year: $12,264,203
Program services expenses (Part IX): $42,493,973
Management and general expenses: $2,582,124
Fundraising expenses: $1,750,140
Program service expenses (Part III): $42,493,973

Program services were 90.7% 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.

1c · Fundraising events

$542,031
1e · Government grants (contributions)

$36,478,599
1f · All other contributions, gifts and grants

$2,396,966
2a · Program service revenue: ENERGY EFFICIENCY SERVICES

total $6,862,115 · related or exempt $6,862,115
2b · Program service revenue: ADDITIONAL PROGRAM REVENUE

total $642,508 · related or exempt $642,508
2c · Program service revenue: LOW INCOME RENTAL HOUSING

total $438,208 · related or exempt $438,208
2d · Program service revenue: ADMINISTRATION FEES

total $200,483 · related or exempt $200,483
3 · Investment income

total $79,207 · excluded $79,207
7a · Gross sales of assets other than inventory

other assets $1,906
7b · Less cost or other basis and sales expenses

other assets $0
7c · Gain or loss

other assets $1,906
7d · Net gain or loss

total $1,906 · excluded $1,906
8a · Fundraising events: gross income

$24,034
8a · Fundraising events: contributions included on line 1c

$542,031
8b · Fundraising events: direct expenses

$48,629
8c · Net income from fundraising events

total -$24,595 · excluded -$24,595

Functional expenses

Part IX, the statement of functional expenses.

2 · Grants to domestic individuals

total $31,985,667 · program services $31,985,667
5 · Compensation of officers, directors and key employees

total $485,462 · program services $237,876 · management and general $247,586
7 · Other salaries and wages

total $6,726,604 · program services $5,012,259 · management and general $886,692 · fundraising $827,653
8 · Pension plan contributions

total $142,001 · program services $107,059 · management and general $13,996 · fundraising $20,946
9 · Other employee benefits

total $1,853,677 · program services $1,387,510 · management and general $199,876 · fundraising $266,291
10 · Payroll taxes

total $666,984 · program services $486,969 · management and general $102,735 · fundraising $77,280
11a · Fees: management

total $6,456 · program services $6,456
11b · Fees: legal

total $55,563 · program services $18,739 · management and general $26,495 · fundraising $10,329
11c · Fees: accounting

total $68,978 · program services $1,260 · management and general $67,718
11g · Fees: other

total $1,036,813 · program services $349,681 · management and general $494,396 · fundraising $192,736
12 · Advertising and promotion

total $7,304 · program services $2,463 · management and general $3,483 · fundraising $1,358
13 · Office expenses

total $330,282 · program services $98,177 · management and general $204,869 · fundraising $27,236
14 · Information technology

total $145,818 · program services $49,179 · management and general $69,532 · fundraising $27,107
16 · Occupancy

total $1,567,075 · program services $1,363,984 · management and general $173,998 · fundraising $29,093
17 · Travel

total $101,986 · program services $95,323 · management and general $4,038 · fundraising $2,625
22 · Depreciation, depletion and amortization

total $546,393 · program services $526,473 · management and general $18,938 · fundraising $982
24a · Other expenses: PROGRAM SUPPORT AND SUP

total $908,198 · program services $673,902 · management and general $16,459 · fundraising $217,837
24b · Other expenses: STAFF TRAINING

total $124,369 · program services $80,229 · management and general $31,683 · fundraising $12,457
24c · Other expenses: MEALS

total $66,607 · program services $10,767 · management and general $19,630 · fundraising $36,210

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $737,282 · end of year $633,283
2 · Savings and temporary cash investments

beginning of year $1,098,041 · end of year $257,891
4 · Accounts receivable

beginning of year $2,348,685 · end of year $5,206,314
8 · Inventories for sale or use

beginning of year $68,513 · end of year $393,471
9 · Prepaid expenses and deferred charges

beginning of year $51,397 · end of year $39,917
10a · Land, buildings and equipment: cost or other basis

$24,509,085
10b · Land, buildings and equipment: accumulated depreciation

$8,773,619
10c · Land, buildings and equipment, net

beginning of year $11,430,406 · end of year $15,735,466
11 · Investments: publicly traded securities

beginning of year $2,989,354 · end of year $3,300,775
15 · Other assets

beginning of year $2,605,489 · end of year $2,786,869
17 · Accounts payable and accrued expenses

beginning of year $1,176,973 · end of year $2,671,341
19 · Deferred revenue

beginning of year $259,251 · end of year $124,991
21 · Escrow or custodial account liability

beginning of year $62,833 · end of year $68,273
23 · Secured mortgages and notes payable

beginning of year $6,777,659 · end of year $11,302,182
25 · Other liabilities

beginning of year $1,777,089 · end of year $1,922,996
27 · Net assets without donor restrictions

beginning of year $10,496,591 · end of year $11,073,569
28 · Net assets with donor restrictions

beginning of year $778,771 · end of year $1,190,634

Mission and programs · 2023

Mission

HAC'S MISSION IS TO PROMOTE AND IMPLEMENT THE RIGHT OF ALL PEOPLE ON CAPE COD AND THE ISLANDS TO OCCUPY SAFE AND AFFORDABLE HOUSING. TO ACHIEVE THIS GOAL, HAC HAS CONCENTRATED ITS MAJOR PROGRAMS AROUND RENTAL SUBSIDIES, SHELTER SERVICES, CONSUMER EDUCATION, AND RESIDENTIAL ENERGY EFFICIENCY.

CLIENT SERVICES - THE CLIENT SERVICES DIVISION WORKS WITH ELIGIBLE INDIVIDUALS AND FAMILIES IN MASSACHUSETTS TO PROVIDE A WIDE RANGE OF AFFORDABLE HOUSING, HOMELESSNESS PREVENTION AND SHELTER AND SELF-SUFFICIENCY SERVICES. THESE SERVICES INCLUDE HOUSING ASSISTANCE PAYMENTS FOR LOW INCOME TENANTS, TRANSITIONAL HOUSING AND ASSISTANCE FOR THE HOMELESS INCLUDING HOUSING SEARCH AND JOB PLACEMENT, AND TRAINING AND SUPPORT FOR HOMEOWNERS INCLUDING FORECLOSURE COUNSELING.

Expenses $31,123,303 · Grants $22,241,338 · Revenue $809,751
ENERGY EFFICIENCY SERVICES - THE ENERGY EFFICIENCY SERVICES DIVISION WORKS WITH ELIGIBLE INDIVIDUALS AND FAMILIES IN MASSACHUSETTS TO PROVIDE A WIDE RANGE OF ENERGY IMPROVEMENTS OPTIONS. THESE OPTIONS INCLUDE FREE ENERGY ASSESSMENTS, HOME WEATHERIZATION AND ENERGY EFFICIENT APPLIANCES AND HEATING.

Expenses $8,102,690 · Grants $7,140,367 · Revenue $4,072,950
PROPERTY MANAGEMENT AND DEVELOPMENT - THE PROPERTY MANAGEMENT AND DEVELOPMENT DIVISION OVERSEES THE OPERATIONS OF ALL RESIDENTIAL RENTAL PROPERTIES, AS WELL AS DEVELOPMENT ACTIVITY, TO ITS PROPERTIES LOCATED ON CAPE COD AND THE ISLANDS.

Expenses $3,267,980 · Grants $2,603,963 · Revenue $3,260,613

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Alex RodolakisALEX RODOLAKIS

DIRECTOR

Total calculated

$0

Hours/week

1
Ashley Moore BakerASHLEY MOORE BAKER

CLERK

Total calculated

$0

Hours/week

1
Bill BogdanovichBILL BOGDANOVICH

CHAIRMAN

Total calculated

$0

Hours/week

1
Cathy GibsonCATHY GIBSON

DIRECTOR

Total calculated

$0

Hours/week

1
Cliff CarrollCLIFF CARROLL

DIRECTOR

Total calculated

$0

Hours/week

1
Kara O'Donnell-GalvinKARA O'DONNELL-GALVIN

DIRECTOR

Total calculated

$0

Hours/week

1
Kumara SidharthaKUMARA SIDHARTHA

DIRECTOR

Total calculated

$0

Hours/week

1
Liam CahillLIAM CAHILL

TREASURER

Total calculated

$0

Hours/week

1
Linda ZammerLINDA ZAMMER

DIRECTOR

Total calculated

$0

Hours/week

1
Margaret HayesMARGARET HAYES

DIRECTOR

Total calculated

$0

Hours/week

1
Maureen McLaughlinMAUREEN MCLAUGHLIN

DIRECTOR

Total calculated

$0

Hours/week

1
Paul RuchinskasPAUL RUCHINSKAS

DIRECTOR

Total calculated

$0

Hours/week

1
Peter FreemanPETER FREEMAN

VICE CHAIRMAN

Total calculated

$0

Hours/week

1
Raymond TamasiRAYMOND TAMASI

DIRECTOR

Total calculated

$0

Hours/week

1
Susan RohrbachSUSAN ROHRBACH

DIRECTOR

Total calculated

$0

Hours/week

1
Tara WallaceTARA WALLACE

DIRECTOR

Total calculated

$0

Hours/week

1
Alisa MagnottaALISA MAGNOTTA

CEO

Total calculated

$277,321

From this org

$243,884

From related orgs

$0

Other

$33,437

Hours/week

35

Schedule J breakdown matched by us

Base

$232,634

Bonus

$11,250

Other

$0

Deferred

$3,097

Nontaxable benefits

$30,340

Filer's total

$277,321
Stephen FerrisSTEPHEN FERRIS

CHIEF FINANCIAL OFFICER

Total calculated

$203,884

From this org

$171,715

From related orgs

$0

Other

$32,169

Hours/week

35

Schedule J breakdown matched by us

Base

$163,715

Bonus

$8,000

Other

$0

Deferred

$4,977

Nontaxable benefits

$27,192

Filer's total

$203,884
Anne Van VleckANNE VAN VLECK

CHIEF DEVELOPMENT OFFICER

Total calculated

$172,689

From this org

$128,516

From related orgs

$0

Other

$44,173

Hours/week

35

Schedule J breakdown matched by us

Base

$121,822

Bonus

$6,694

Other

$0

Deferred

$5,077

Nontaxable benefits

$39,096

Filer's total

$172,689
Cassandra DanzlCASSANDRA DANZL

CHIEF OPERATING OFFICER

Total calculated

$163,754

From this org

$147,992

From related orgs

$0

Other

$15,762

Hours/week

35

Schedule J breakdown matched by us

Base

$140,992

Bonus

$7,000

Other

$0

Deferred

$2,713

Nontaxable benefits

$13,049

Filer's total

$163,754
Donald TrottDONALD TROTT

DIRECTOR OF HOUSING

Total calculated

$138,612

From this org

$108,017

From related orgs

$0

Other

$30,595

Hours/week

35
David QuinnDAVID QUINN

VP OF REAL ESTATE DEVELOPME

Total calculated

$122,082

From this org

$106,218

From related orgs

$0

Other

$15,864

Hours/week

35

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
7 · Other non-fixed payments

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
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7: ALL EMPLOYEES RECEIVED A 5% BONUS IN 2023. THESE AMOUNTS WERE INCLUDED IN EACH INDIVIDUAL'S 2023 W-2.

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.

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.

HAC LLC

AFFORDABLE HOUSING SPONSOR · MA · income $0 · assets $0

Directly controlled by HOUSING ASSISTANCE CORPORATION
GREAT COVE COMMUNITY LLC

AFFORDABLE HOUSING SPONSOR · MA · income $214,645 · assets $2,417,495

Directly controlled by HOUSING ASSISTANCE CORPORATION
HAC LOFTS LLC

AFFORDABLE HOUSING · MA · income $150,599 · assets $1,816,828

Directly controlled by HOUSING ASSISTANCE CORPORATION
HAC LOVE LANE LLC

AFFORDABLE HOUSING SPONSOR · MA · income $204,568 · assets $4,630,138

Directly controlled by HOUSING ASSISTANCE CORPORATION
268 STEVENS HOUSING LLC

AFFORDABLE HOUSING SPONSOR · MA · income $0 · assets $393,471

Directly controlled by HOUSING ASSISTANCE CORPORATION

Related partnerships

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

WEST BARNSTABLE COMMUNITIES LP

RELATED · LOW INCOME HOUSING RENTALS · MA · 100% owned · share of income -$44 · share of assets $6,357,147 · general or managing partner

Directly controlled by WEST BARNSTABLE COMMUNITIES HAC LLC

Related corporations and trusts

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

POCASSET ASSISTED LIVING

C · LOW INCOME HOUSING RENTALS · MA · 100% owned · controlled entity

Directly controlled by HOUSING ASSISTANCE CORPORATION
WEST BARNSTABLE COMMUNITIES - HAC LLC

C · AFFORDABLE HOUSING SPONSOR · MA · 100% owned · controlled entity

Directly controlled by HOUSING ASSISTANCE CORPORATION

Provenance

Return type: form_990
Tax year: 2023
Filed: 7 May 2025
IRS schema version: 2023v6.0
Source object: 202511279349301821

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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