Civic Intelligence

Common Ground Development Corporation

990 • Fiscal year 2023 • EIN 03-0494844

Jul 01, 2022 to Jun 30, 2023 • Filed on May 03, 2024

Organization ProfileWWW.COMMONGROUNDHOUSING.ORG
155 Merrimack StreetLowell, MA 01852

(978) 459-0551

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

75th percentile

0.41x

Higher debt load relative to assets than 75% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

89th percentile

1.72x

Higher debt load relative to revenue than 89% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

91st percentile

51%

Higher net margin than 91% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

78th percentile

$215,526

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 16.2% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

88th percentile

45%

Faster asset growth than 88% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

87th percentile

56%

Faster revenue growth than 87% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$5,554,858

Up $1,713,856 (+45%) from 2022

Net Assets

Up

$3,265,452

Up $681,260 (+26%) from 2022

Liabilities

Up

$2,289,406

Up $1,032,596 (+82%) from 2022

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin91st percentile

Revenue

Up

$1,333,407

Up $478,566 (+56%) from 2022

Expenses

Up

$652,147

Up $179,496 (+38%) from 2022

Net Income

Up

$681,260

Up $299,070 (+78%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth88th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $6,262,554Liabilities 2011: $5,231,150Net Assets 2011: $1,031,4042011Assets 2012: $6,054,022Liabilities 2012: $5,327,262Net Assets 2012: $726,7602012Assets 2013: $6,442,024Liabilities 2013: $5,215,039Net Assets 2013: $1,226,9852013Assets 2014: $6,095,883Liabilities 2014: $5,330,646Net Assets 2014: $765,2372014Assets 2015: $6,533,559Liabilities 2015: $5,439,497Net Assets 2015: $1,094,0622015Assets 2016: $6,593,850Liabilities 2016: $5,677,533Net Assets 2016: $916,3172016Assets 2017: $5,254,724Liabilities 2017: $3,627,917Net Assets 2017: $1,626,8072017Assets 2018: $4,876,940Liabilities 2018: $3,487,941Net Assets 2018: $1,388,9992018Assets 2019: $4,852,966Liabilities 2019: $3,779,487Net Assets 2019: $1,073,4792019Assets 2020: $5,067,560Liabilities 2020: $4,074,300Net Assets 2020: $993,2602020Assets 2021: $7,468,283Liabilities 2021: $5,266,281Net Assets 2021: $2,202,0022021Assets 2022: $3,841,002Liabilities 2022: $1,256,810Net Assets 2022: $2,584,1922022Assets 2023: $5,554,858Liabilities 2023: $2,289,406Net Assets 2023: $3,265,4522023Assets 2024: $5,564,091Liabilities 2024: $2,852,857Net Assets 2024: $2,711,2342024

Highlighted filing

2023

Assets$5,554,858
Liabilities$2,289,406
Net Assets$3,265,452
Open 2023 Filing

Operations Trend

Revenue Growth87th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2011: $1,321,341Expenses 2011: $1,138,200Net Income 2011: $183,1412011Expenses 2012: $1,001,9822012Revenue 2013: $1,628,975Expenses 2013: $1,128,751Net Income 2013: $500,2242013Revenue 2014: $645,442Expenses 2014: $1,107,190Net Income 2014: -$461,7482014Revenue 2015: $1,431,456Expenses 2015: $1,102,631Net Income 2015: $328,8252015Revenue 2016: $1,001,636Expenses 2016: $1,179,381Net Income 2016: -$177,7452016Revenue 2017: $1,890,853Expenses 2017: $1,180,363Net Income 2017: $710,4902017Revenue 2018: $697,181Expenses 2018: $934,989Net Income 2018: -$237,8082018Revenue 2019: $574,376Expenses 2019: $889,896Net Income 2019: -$315,5202019Revenue 2020: $827,814Expenses 2020: $908,033Net Income 2020: -$80,2192020Revenue 2021: $1,860,970Expenses 2021: $652,228Net Income 2021: $1,208,7422021Revenue 2022: $854,841Expenses 2022: $472,651Net Income 2022: $382,1902022Revenue 2023: $1,333,407Expenses 2023: $652,147Net Income 2023: $681,2602023Revenue 2024: $280,360Expenses 2024: $834,578Net Income 2024: -$554,2182024

Highlighted filing

2023

Revenue$1,333,407
Expenses$652,147
Net Income$681,260
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 3, 2024
Return Version
2022v5.0
Gross Receipts
$1,333,407
Mission and Program Overview

Mission

To develop, own, and operate affordable housing for low and moderate income persons and families in Lowell, Massachusetts, and other communities in Northern Massachusetts.

To develop affordable housing for low and moderate income persons in the greater lowell area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$200,944$1,038,394▲ $837,450
Land, Buildings, and Equipment, Net$526,409$529,126▲ $2,717
Cash and Non-Interest-Bearing Accounts$525,809$73,239▼ $452,570
Prepaid Expenses and Deferred Charges$4,313$4,721▲ $408
Total Assets$3,841,002$5,554,858▲ $1,713,856
Other Assets Total$2,583,527$3,909,378▲ $1,325,851
Liabilities
Accounts Payable and Accrued Expenses$906,704$1,208,311▲ $301,607
Mortgage Notes Payable Secured by Investment Property$347,470$1,076,578▲ $729,108
Deferred Revenue$901$2,782▲ $1,881
Escrow Account Liability$1,735$1,735→ $0
Total Liabilities$1,256,810$2,289,406▲ $1,032,596
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,284,717$3,038,550▲ $753,833
Net Assets With Donor Restrictions$299,475$226,902▼ $72,573
Total Net Assets Fund Balance$2,584,192$3,265,452▲ $681,260
Total Liabilities and Net Assets / Fund Balance$3,841,002$5,554,858▲ $1,713,856

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$442,834$523,466$966,300
Land$86,292-$86,292
Other Assets Org$100--
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleOtherTotal
Carl HowellVice Preside$167,854$167,854

Board Members and Trustees

NameTitle
Glenn GoldmanPresident
Carl HowellVice President
Anthony NgangaDirector
Chris HayesDirector
Douglas DeschenesDirector
Jay V LeeDirector
Karen FrederickDirector
Tha ChhanDirector
Tim HirbourAssistant Cl
Germaine Vigeant-trudelAssistant Tr
Marie SweeneyClerk
James HoganTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Baker Wohl ArchitectsArchitectural132 LINCOLN STREET, Boston, MA 02111$500,350
Revenue and Support

Revenue Composition

Contributions and Grants
$312,981
Program Service Revenue
$988,625
Investment Income
$19,727
Other Revenue
$12,074
All Other Contributions
$203,388
Change in Net Assets
$681,260
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$641,690
Salaries, Compensation, and Employee Benefits$10,457
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$3,435$392,077-$395,512
Occupancy$104,234$18,914-$123,148
Fees for Services Accounting-$54,046-$54,046
Depreciation Depletion$34,684--$34,684
Interest$13,196--$13,196
Other Salaries and Wages$8,170--$8,170
Office Expenses$2,623$3,350-$5,973
Fees for Services Legal$336$2,816-$3,152
Other Employee Benefits$1,571--$1,571
Payroll Taxes$716--$716
Fees for Services Other$485--$485
Other Expenses$150$211-$150
All Other Expenses$-2,239--$-2,239
Total Functional Expenses$175,815$476,332$0$652,147
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 2

“Karen frederick marie sweeney ceo board member business carl howell marie sweeney cpo board member business penny judd marie sweeney cfo board member business karen frederick glenn goldman ceo board member business carl howell glenn goldman cpo board member business penny judd glenn goldman cfo board member business karen frederick james hogan ceo board member business carl howell james hogan cpo board member business penny judd james hogan cfo board member business germaine vigeant-trudel karen frederick asst.dir. Board member business carl howell germaine vigeant-trudel cpo board member business”

Form 990, Page 6, Part VI, Line 3

“Community teamwork, inc. (a related organization) and peabody properties maintain the books and records of the organization and perform other related managerial and administrative functions for which they are compensated.”

Form 990, Page 6, Part VI, Line 11B

“The form 990 is reviewed by the management of common ground and the common ground finance committee prior to being filed. A copy of the common ground form 990 is distributed to the common ground board and the board of the parent company, community teamwork, inc.”

Form 990, Page 6, Part VI, Line 12C

“Each year the officers and directors of common ground review the conflict of interest policy, disclose anything not previously reported and update the status of any previous conflict of interest reported. They sign the policy assuring that they have complied with the policy.”

Form 990, Page 6, Part VI, Line 15A

“There is no compensation determination process as the organization has no employees.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request at the administrative offices of community teamwork, inc.”

Filing and Contact Details

Filer

Filer Name
Common Ground Development
EIN
03-0494844
Phone
9784590551
Address
155 MERRIMACK STREET, LOWELL, MA 01852

Signing Officer

Name
Nancy Van Alst
Title
CFO
Phone
9784590551
Signed
2024-05-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Glenn Goldman
Formed
2002
Legal Domicile
Ma
Voting Board Members
12
Independent Board Members
10
Employees
0
Volunteers
13

Preparer

Firm
Anstiss & Co Pc
Address
6 OMNI WAY STE 201, CHELMSFORD, MA 01824-4187
Preparer
Brendan E Toolin
Phone
9784522500
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

“Tenant security deposits are held in a separate account until the tenant/landlord relationship is dissolved at which time the deposits are refunded to the tenant provided that apartment condition requirements outline in the lease agreement have been met.”

Schedule D, Page 3, Part X

“Asc 740-10, "income taxes," requires the organization to evaluate and disclose tax positions that could have an effect on the organization's financial statements. The organization reports its activities to the internal revenue service and the commonwealth of massachusetts on an annual basis. These informational returns are generally subject to audit and review by the governmental agencies for a period of three years after filing. Substantially all of the organization's income, expenditures and activities relate to its exempt purpose, therefore, management has determined that the organization is not subject to unrelated business income taxes and will continue to qualify as a tax-exempt not-fot-profit entity.”

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IRS990/IRPDocumentCnt012
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IRS990/LandBldgEquipCostOrOtherBssAmt01052592
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO DEVELOP, OWN, AND OPERATE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME PERSONS AND FAMILIES IN LOWELL, MA, AND OTHER COMMUNITIES IN NORTHERN MA.
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IRS990/NetAssetsOrFundBalancesEOYAmt03265452
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IRS990/OccupancyGrp/ManagementAndGeneralAmt018914
IRS990/OccupancyGrp/ProgramServicesAmt0104234
IRS990/OccupancyGrp/TotalAmt0123148
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03350
IRS990/OfficeExpensesGrp/ProgramServicesAmt02623
IRS990/OfficeExpensesGrp/TotalAmt05973
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02583527
IRS990/OtherAssetsTotalGrp/EOYAmt03909378
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt01571
IRS990/OtherEmployeeBenefitsGrp/TotalAmt01571
IRS990/OtherExpensesGrp/Desc0PROJECT COSTS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2CONSULTANT
IRS990/OtherExpensesGrp/Desc3CONTRACT SERVICES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04918
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1211
IRS990/OtherExpensesGrp/ProgramServicesAmt08454
IRS990/OtherExpensesGrp/ProgramServicesAmt1150
IRS990/OtherExpensesGrp/TotalAmt08454
IRS990/OtherExpensesGrp/TotalAmt14918
IRS990/OtherExpensesGrp/TotalAmt2211
IRS990/OtherExpensesGrp/TotalAmt3150
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/Desc0CGDC MGMT FEE
IRS990/OtherRevenueMiscGrp/Desc1PARTNERSHIP MGMT FEE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06400
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt15674
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06400
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt15674
IRS990/OtherRevenueTotalAmt012074
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt08170
IRS990/OtherSalariesAndWagesGrp/TotalAmt08170
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt0716
IRS990/PayrollTaxesGrp/TotalAmt0716
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04313
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04721
IRS990/PrincipalOfficerNm0GLENN GOLDMAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/Desc0DEVELOPER FEE
IRS990/ProgramServiceRevenueGrp/Desc1LOW-INCOME HOUSING
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0964233
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt124392
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0964233
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt124392
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0715319
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt08132
IRS990/PYInvestmentIncomeAmt0-555620
IRS990/PYOtherExpensesAmt0446733
IRS990/PYOtherRevenueAmt018110
IRS990/PYProgramServiceRevenueAmt0677032
IRS990/PYRevenuesLessExpensesAmt0382190
IRS990/PYSalariesCompEmpBnftPaidAmt017786
IRS990/PYTotalExpensesAmt0472651
IRS990/PYTotalRevenueAmt0854841
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0681260
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01000699
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt076,920
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART III, LINE 12
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0312981
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0715319
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01653051
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0644111
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0409043
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt03734505
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt019727
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt011468
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0111
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0996
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt010527
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt042829
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01000699
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0677032
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0180728
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0175388
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0142469
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02176316
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt019727
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt011468
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0111
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0996
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt010527
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt042829
IRS990ScheduleA/InvestmentIncomeCYPct00.01000
IRS990ScheduleA/InvestmentIncomePYPct00.01000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt012074
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt018110
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt027080
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt07319
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt012337
IRS990ScheduleA/OtherIncome509Grp/TotalAmt076920
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98010
IRS990ScheduleA/PublicSupportPY509Pct00.97810
IRS990ScheduleA/PublicSupportTotal509Amt05910821
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01313680
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01392351
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01833779
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0819499
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0551512
IRS990ScheduleA/Total509Grp/TotalAmt05910821
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01345481
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01421929
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01860970
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0827814
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0574376
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt06030570
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0442834
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0523466
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0966300
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt086292
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt086292
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt02455181
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11416049
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt230830
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt37218
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4100
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEVELOPMENT PROPERTIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1NOTES RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ACCRUED INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4INVESTMENT IN TSLP
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TENANT SECURITY DEPOSITS ARE HELD IN A SEPARATE ACCOUNT UNTIL THE TENANT/LANDLORD RELATIONSHIP IS DISSOLVED AT WHICH TIME THE DEPOSITS ARE REFUNDED TO THE TENANT PROVIDED THAT APARTMENT CONDITION REQUIREMENTS OUTLINE IN THE LEASE AGREEMENT HAVE BEEN MET.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1ASC 740-10, "INCOME TAXES," REQUIRES THE ORGANIZATION TO EVALUATE AND DISCLOSE TAX POSITIONS THAT COULD HAVE AN EFFECT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. THE ORGANIZATION REPORTS ITS ACTIVITIES TO THE INTERNAL REVENUE SERVICE AND THE COMMONWEALTH OF MASSACHUSETTS ON AN ANNUAL BASIS. THESE INFORMATIONAL RETURNS ARE GENERALLY SUBJECT TO AUDIT AND REVIEW BY THE GOVERNMENTAL AGENCIES FOR A PERIOD OF THREE YEARS AFTER FILING. SUBSTANTIALLY ALL OF THE ORGANIZATION'S INCOME, EXPENDITURES AND ACTIVITIES RELATE TO ITS EXEMPT PURPOSE, THEREFORE, MANAGEMENT HAS DETERMINED THAT THE ORGANIZATION IS NOT SUBJECT TO UNRELATED BUSINESS INCOME TAXES AND WILL CONTINUE TO QUALIFY AS A TAX-EXEMPT NOT-FOT-PROFIT ENTITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0529126
IRS990ScheduleD/TotalBookValueOtherAssetsAmt03909378
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,554,858
Liabilities
$2,289,406
Net assets
$3,265,452
Revenue
$1,333,407
Expenses
$652,147
Net income
$681,260
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.56$2.85$2.71$0.28$0.83$0.55
2023Detailed filing. Detailed filing data is available for this year.$5.55$2.29$3.27$1.33$0.65$0.68
2022Detailed filing. Detailed filing data is available for this year.$3.84$1.26$2.58$0.85$0.47$0.38
2021Detailed filing. Detailed filing data is available for this year.$7.47$5.27$2.20$1.86$0.65$1.21
2020Detailed filing. Detailed filing data is available for this year.$5.07$4.07$0.99$0.83$0.91$0.08
2019Detailed filing. Detailed filing data is available for this year.$4.85$3.78$1.07$0.57$0.89$0.32
2018Detailed filing. Detailed filing data is available for this year.$4.88$3.49$1.39$0.70$0.93$0.24
2017Detailed filing. Detailed filing data is available for this year.$5.25$3.63$1.63$1.89$1.18$0.71
2016Detailed filing. Detailed filing data is available for this year.$6.59$5.68$0.92$1.00$1.18$0.18
2015Summary only. Only limited summary data is available for this year.$6.53$5.44$1.09$1.43$1.10$0.33
2014Detailed filing. Detailed filing data is available for this year.$6.10$5.33$0.77$0.65$1.11$0.46
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.44$5.22$1.23$1.63$1.13$0.50
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.05$5.33$0.73$1.00
2011Summary only. Only limited summary data is available for this year.$6.26$5.23$1.03$1.32$1.14$0.18