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Nonprofiteer
← BROOKLINE IMPROVEMENT COALITION INC

Form 990 for tax year 2023

Filed by BROOKLINE IMPROVEMENT COALITION INC.

Totals

Total revenue
$1,172,032
Total expenses
$979,830
Contributions and grants received
$670,801
Grants paid
$0
Program service revenue
$470,870
Investment income
$29,683
Other revenue
$678
Total assets, end of year
$2,766,153
Total liabilities, end of year
$2,351,338
Net assets or fund balances, end of year
$414,815
Program services expenses (Part IX)
$791,267
Management and general expenses
$160,004
Fundraising expenses
$28,559
Program service expenses (Part III)
$791,267

Program services were 80.8% 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.

  • 1a · Federated campaigns

    $93,000

  • 1e · Government grants (contributions)

    $310,726

  • 1f · All other contributions, gifts and grants

    $267,075

  • 2a · Program service revenue: RENTS

    total $470,870 · related or exempt $470,870

  • 3 · Investment income

    total $29,683 · excluded $29,683

  • 11a · Other revenue: 678

    total $678 · related or exempt $678

  • 11e · Other revenue, total

    $678

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $22,993 · program services $22,993

  • 11b · Fees: legal

    total $19,240 · program services $19,240

  • 11c · Fees: accounting

    total $37,200 · management and general $37,200

  • 11g · Fees: other

    total $162,982 · program services $71,703 · management and general $91,279

  • 16 · Occupancy

    total $421,737 · program services $421,737

  • 22 · Depreciation, depletion and amortization

    total $61,792 · program services $61,792

  • 24a · Other expenses: ASSISTANCE PROGRAMS

    total $105,029 · program services $105,029

  • 24b · Other expenses: OTHER

    total $66,621 · program services $35,096 · management and general $31,525

  • 24c · Other expenses: TENANT SERVICES AND OUT

    total $53,677 · program services $53,677

  • 24d · Other expenses: FUNDRAISING

    total $28,559 · fundraising $28,559

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $516,453 · end of year $972,616

  • 3 · Pledges and grants receivable

    beginning of year $667,650

  • 4 · Accounts receivable

    beginning of year $20,220 · end of year $64,356

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,119 · end of year $11,864

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

    $2,875,443

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

    $1,362,200

  • 10c · Land, buildings and equipment, net

    beginning of year $1,575,035 · end of year $1,513,243

  • 15 · Other assets

    beginning of year $205,349 · end of year $204,074

  • 17 · Accounts payable and accrued expenses

    beginning of year $58,237 · end of year $64,627

  • 19 · Deferred revenue

    beginning of year $2,564 · end of year $571,454

  • 23 · Secured mortgages and notes payable

    beginning of year $1,740,471 · end of year $1,715,257

  • 27 · Net assets without donor restrictions

    beginning of year $299,808 · end of year $414,815

  • 28 · Net assets with donor restrictions

    beginning of year $886,746 · end of year $0

Mission and programs · 2023

Mission

BROOKLINE COMMUNITY DEVELOPMENT CORPORATION (BCDC) IS A 501(C)3 NON-PROFIT ORGANIZATION THAT WORKS TO CREATE SUCCESSFUL PARTNERSHIPS AND PROGRAMS TO IMPROVE ACCESS TO DECENT, SAFE AFFORDABLE HOUSING AND ECONOMIC OPPORTUNITY FOR BROOKLINE'S RESIDENTS

  • OPERATED BUILDINGS THAT ARE LEASED TO LOW AND MODERATE INCOME HOUSEHOLDS IN THE TOWN OF BROOKLINE, MASSACHUSETTS. BCDC ALSO WORKS CLOSELY WITH NEIGHBORHOOD GROUPS, RESIDENTS, LOCAL BUSINESSES , THE TOWN OF BROOKLINE, AND STATE AND FEDERAL PARTNERS TO SECURE RESOURCES TO AID IN THE DEVELOPMENT AND PRESERVAITON OF AFFORDABLE HOUSING.

    Expenses $791,267 · Revenue $471,548

As filed on the 2023 return.

Listed in Part VII

  • Deborah Brown

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Rayalshmi Dyal-Chand

    CLERK

    Total calculated
    $0
    Hours/week
    2

  • Jeffrey Wachter

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Isabel Cruz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Erika Pierrbia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Luciana Schachnik

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kimberly Richardson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Paul Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Carlos Rios

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robert Lepson

    DIRECTOR

    Total calculated
    $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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202531359349312913

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