Form 990 for tax year 2023
Filed by CAMBRIDGE WATERFRONT DEVELOPMENT INC.
Totals
- Total revenue
- $537,318
- Total expenses
- $205,980
- Contributions and grants received
- $599,167
- Grants paid
- $13,346
- Program service revenue
- $0
- Investment income
- $203
- Other revenue
- -$62,052
- Total assets, end of year
- $8,412,143
- Total liabilities, end of year
- $894,228
- Net assets or fund balances, end of year
- $7,517,915
- Program services expenses (Part IX)
- $13,346
- Management and general expenses
- $192,634
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $13,346
Program services were 6.5% 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.
-
1e · Government grants (contributions)
$599,167
-
3 · Investment income
total $203 · related or exempt $203
-
6a · Gross rents
real property $25,990
-
6b · Less rental expenses
real property $88,042
-
6c · Rental income or loss
real property -$62,052
-
6d · Net rental income or loss
total -$62,052 · related or exempt -$62,052
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $13,346 · program services $13,346
-
11c · Fees: accounting
total $7,000 · management and general $7,000
-
11g · Fees: other
total $151,827 · management and general $151,827
-
12 · Advertising and promotion
total $8,725 · management and general $8,725
-
13 · Office expenses
total $600 · management and general $600
-
14 · Information technology
total $1,243 · management and general $1,243
-
16 · Occupancy
total $1,800 · management and general $1,800
-
17 · Travel
total $153 · management and general $153
-
19 · Conferences, conventions and meetings
total $2,225 · management and general $2,225
-
23 · Insurance
total $18,827 · management and general $18,827
-
24a · Other expenses: MEMBERSHIPS
total $145 · management and general $145
-
24b · Other expenses: BANK FEES
total $60 · management and general $60
-
24c · Other expenses: OTHER ADMINSTRATIVE EXP
total $29 · management and general $29
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,119,192 · end of year $584,750
-
3 · Pledges and grants receivable
beginning of year $316,855 · end of year $319,118
-
9 · Prepaid expenses and deferred charges
beginning of year $41,933 · end of year $54,225
-
12 · Investments: other securities
beginning of year $7,015,944 · end of year $7,444,235
-
15 · Other assets
beginning of year $9,815 · end of year $9,815
-
17 · Accounts payable and accrued expenses
beginning of year $348,378 · end of year $210,901
-
19 · Deferred revenue
beginning of year $960,859 · end of year $679,762
-
25 · Other liabilities
beginning of year $3,565 · end of year $3,565
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $7,190,937 · end of year $7,517,915
Mission and programs · 2023
Mission
TO PROMOTE AND FACILITATE THE REDEVELOPMENT OF CERTAIN PROPERTIES ALONG AND ADJACENT TO THE CITY OF CAMBRIDGE WATERFRONT.
Activities or mission (Part I)
TO PROMOTE AND FACILITATE THE REDEVELOPMENT OF THE CITY OF CAMBRIDGE WATERFRONT PROPERTIES.
-
TO PROMOTE AND FACILITATE THE REDEVELOPMENT OF CERTAIN PROPERTIES ALONG AND ADJACENT TO THE CITY OF CAMBRIDGE WATERFRONT.
Expenses $13,346 · Grants $13,346
As filed on the 2023 return.
Listed in Part VII
-
RICHARD M ZEIDMAN
PRESIDENT
- Total calculated
- $0
- Hours/week
- 4
-
FRANK J NARR JR
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
MICHAEL J FRENZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DION BANKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
SHAY LEWIS-SISCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ANGIE HENGST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MATTHEW LEONARDKIRK AVENUE LLC
EXECUTIVE DIRECTOR
- Total calculated
- $105,000
- From this org
- $105,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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
-
$13,346
OPERATING EXPENSES
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.
-
REAL ESTATE HOLDING COMPANY · MD
Directly controlled by CAMBRIDGE WATERFRONT DEVELOPMENT INC
-
CAMBRIDGE HARBOR LLC
REAL ESTATE HOLDING COMPANY · MD
Directly controlled by CAMBRIDGE WATERFRONT DEVELOPMENT INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202442569349300939
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