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Nonprofiteer
← ROXBURY TENANTS OF HARVARD ASSOCIATION INC

Form 990 for tax year 2023

Filed by ROXBURY TENANTS OF HARVARD ASSOCIATION INC.

Totals

Total revenue
$9,825,293
Total expenses
$8,834,762
Contributions and grants received
$3,595,647
Grants paid
$92,139
Program service revenue
$4,369,165
Investment income
$1,852,483
Other revenue
$7,998
Total assets, end of year
$107,628,903
Total liabilities, end of year
$985,774
Net assets or fund balances, end of year
$106,643,129
Program services expenses (Part IX)
$6,684,585
Management and general expenses
$2,150,177
Fundraising expenses
$0
Program service expenses (Part III)
$6,684,585

Program services were 75.7% 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.

  • 1f · All other contributions, gifts and grants

    $3,595,647

  • 2a · Program service revenue: SOCIAL SERVICES

    total $2,122,137 · related or exempt $2,122,137

  • 2b · Program service revenue: RENTS

    total $1,981,685 · related or exempt $1,981,685

  • 2c · Program service revenue: MANAGEMENT FEE

    total $265,343 · related or exempt $265,343

  • 3 · Investment income

    total $1,852,483 · excluded $1,852,483

  • 11a · Other revenue: MISCELLANEOUS

    total $7,998 · related or exempt $7,998

  • 11e · Other revenue, total

    $7,998

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $92,139 · program services $92,139

  • 5 · Compensation of officers, directors and key employees

    total $281,240 · program services $48,235 · management and general $233,005

  • 7 · Other salaries and wages

    total $2,429,031 · program services $2,135,300 · management and general $293,731

  • 8 · Pension plan contributions

    total $83,168 · program services $65,701 · management and general $17,467

  • 9 · Other employee benefits

    total $361,403 · program services $308,672 · management and general $52,731

  • 10 · Payroll taxes

    total $229,602 · program services $200,948 · management and general $28,654

  • 11a · Fees: management

    total $65,853 · program services $65,853

  • 11b · Fees: legal

    total $71,059 · program services $14,247 · management and general $56,812

  • 11c · Fees: accounting

    total $74,016 · program services $3,543 · management and general $70,473

  • 11f · Fees: investment management

    total $374,511 · management and general $374,511

  • 11g · Fees: other

    total $719,651 · program services $328,812 · management and general $390,839

  • 12 · Advertising and promotion

    total $5,032 · program services $658 · management and general $4,374

  • 13 · Office expenses

    total $131,218 · program services $91,709 · management and general $39,509

  • 14 · Information technology

    total $370,980 · program services $356,356 · management and general $14,624

  • 16 · Occupancy

    total $1,577,878 · program services $1,535,662 · management and general $42,216

  • 17 · Travel

    total $35,151 · program services $35,055 · management and general $96

  • 19 · Conferences, conventions and meetings

    total $22,515 · program services $10,247 · management and general $12,268

  • 22 · Depreciation, depletion and amortization

    total $960,130 · program services $549,392 · management and general $410,738

  • 23 · Insurance

    total $194,240 · program services $142,923 · management and general $51,317

  • 24a · Other expenses: PROGRAM EXPENSE

    total $706,088 · program services $689,246 · management and general $16,842

  • 24b · Other expenses: BAD DEBT

    total $34,607 · program services $519 · management and general $34,088

  • 24c · Other expenses: MISCELLANEOUS

    total $15,250 · program services $9,368 · management and general $5,882

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,091,517 · end of year $3,889,273

  • 2 · Savings and temporary cash investments

    beginning of year $3,402,223 · end of year $240,652

  • 4 · Accounts receivable

    beginning of year $1,003,215 · end of year $597,199

  • 7 · Other notes and loans receivable

    beginning of year $10,794,835 · end of year $11,099,904

  • 9 · Prepaid expenses and deferred charges

    beginning of year $207,530 · end of year $194,862

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

    $28,876,409

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

    $11,311,359

  • 10c · Land, buildings and equipment, net

    beginning of year $15,765,835 · end of year $17,565,050

  • 11 · Investments: publicly traded securities

    beginning of year $64,458,839 · end of year $73,995,990

  • 14 · Intangible assets

    beginning of year $35,905 · end of year $45,973

  • 17 · Accounts payable and accrued expenses

    beginning of year $532,729 · end of year $863,259

  • 19 · Deferred revenue

    beginning of year $17,351 · end of year $17,787

  • 25 · Other liabilities

    beginning of year $114,209 · end of year $104,728

  • 27 · Net assets without donor restrictions

    beginning of year $97,088,110 · end of year $106,643,129

  • 28 · Net assets with donor restrictions

    beginning of year $7,500

Mission and programs · 2023

Mission

TO DEVELOP, PRESERVE AND MAINTAIN SAFE AND AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME PEOPLE OF DIVERSE BACKGROUND IN THE RTH/MISSION HILL NEIGHBORHOOD OF BOSTON, MA AND TO IMPROVE THE QUALITY OF LIFE FOR ITS RESIDENTS.

Activities or mission (Part I)

TO DEVELOP, PRESERVE AND MAINTAIN SAFE AND AFFORDABLE HOUISNG FOR THE LOW AND MODERATE INCOME PEOPLE OF DIVERSE BACKGROUNDS IN THE RTH/MISSION HILL NEIGHBORHOOD OF BOSTON, MA AND TO IMPROVE THE QUALITY OF LIFE FOR ITS RESIDENTS.

  • COMMUNITY SERVICES - RTH PROVIDES A WIDE VARIETY OF PROGRAMS AND SERVICES TO ITS RESIDENTS AND HOSTS COMMUNITY EVENTS THROUGHOUT THE YEAR. IT OPERATES A SWIMMING POOL, A LIBRARY, A COMPUTER LEARNING CENTER,A HEALTH AND WELLNESS CENTER, AN AFTERSCHOOL AND SUMMER CAMP CENTER. IT PROVIDES ASSISTANCE TO SENIOR CITIZENS, JOB TRAINING, EDUCATION, HEALTH AND WELLNESS PROGRAMMING,FAMILY PROGRAMMING, RECREATION AND GENERAL SUPPORT TO RESIDENTS.

    Expenses $4,440,587 · Grants $92,139 · Revenue $2,122,137

  • AFFORDABLE HOUSING - THE ORGANIZATION OWNS OR OPERATES 969 UNITS OF RENTAL HOUSING PRIMARILY AFFORDABLE TO RESIDENTS OF LOW AND MODERATE INCOME.

    Expenses $2,243,998 · Revenue $2,247,028

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

Listed in Part VII

  • Karen T Gately

    EXECUTIVE DI

    Total calculated
    $192,940
    From this org
    $172,355
    From related orgs
    $0
    Other
    $20,585
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $155,355
    Bonus
    $17,000
    Other
    not reported
    Deferred
    $11,200
    Nontaxable benefits
    $9,385
    Filer's total
    $192,940

  • Patricia Aharan

    CONTROLLER

    Total calculated
    $118,916
    From this org
    $87,417
    From related orgs
    $15,428
    Other
    $16,071
    Hours/week
    36 + 4 related

  • Israil Tselnik

    TREASURER

    Total calculated
    $10,400
    From this org
    $10,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • William Sullivan

    PRESIDENT

    Total calculated
    $8,950
    From this org
    $8,950
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Jaqueline Boston

    BOARD MEMBER

    Total calculated
    $8,900
    From this org
    $8,900
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Michelle Yarde

    BOARD MEMBER

    Total calculated
    $8,850
    From this org
    $8,850
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Zhen Bao Lin

    BOARD MEMBER

    Total calculated
    $8,550
    From this org
    $8,550
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Rita Arroyo

    BOARD MEMBER

    Total calculated
    $8,500
    From this org
    $8,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Carol Menton

    CLERK

    Total calculated
    $8,450
    From this org
    $8,450
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Lizhe Justin He

    VICE PRESIDE

    Total calculated
    $8,250
    From this org
    $8,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Tomeka Taylor

    BOARD MEMBER

    Total calculated
    $6,350
    From this org
    $6,350
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Hui Qun Ma

    BOARD MEMBER

    Total calculated
    $4,800
    From this org
    $4,800
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Daniel Powell

    BOARD MEMBER

    Total calculated
    $2,500
    From this org
    $2,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Wah Kwai Ngai

    BOARD MEMBER

    Total calculated
    $2,400
    From this org
    $2,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Donghui Deng

    BOARD MEMBER

    Total calculated
    $1,400
    From this org
    $1,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

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 · Written employment contract
  • 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.

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.

Related partnerships

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

  • RTH MOSAIC RENTAL LLC

    RELATED · HOUSING · MA

  • RTH RESTORATION HOUSING LP

    RELATED · HOUSING · MA

  • RTH COMMUNITY APARTMENTS LP

    RELATED · HOUSING · MA

  • MISSION PARK LIMITED PARTNERSHIP

    RELATED · HOUSING · MA

Related corporations and trusts

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

  • RTH APARTMENTS INC

    C CORP · HOUSING · MA

  • RTH RESTORATION HOUSING GP INC

    C CORP · HOUSING · MA

  • RTH MOSAIC RENTAL MM LLC

    C CORP · HOUSING · MA

Provenance

Return type
form_990
Tax year
2023
Filed
11 October 2024
IRS schema version
2023v5.0
Source object
202402899349301755

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