Civic Intelligence

Berkshire Fund Inc.

990 • Fiscal year 2015 • EIN 04-2483221

Jan 01, 2015 to Dec 31, 2015 • Filed on Aug 15, 2016

Organization ProfileN/A
C/O Berkshire Housing PO Box 1180Pittsfield, MA 01202

(413) 499-1630

Siviq Scores

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

Liabilities / Assets

77th percentile

0.61x

Higher debt load relative to assets than 77% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

94th percentile

4.91x

Higher debt load relative to revenue than 94% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

79th percentile

21%

Higher net margin than 79% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

20th percentile

-4.5%

Faster asset growth than 20% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

87th percentile

35%

Faster revenue growth than 87% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$12,267,733

Down $571,798 (-4.5%) from 2014

Net Assets

Up

$4,784,628

Up $163,873 (+3.5%) from 2014

Liabilities

Down

$7,483,105

Down $735,671 (-9.0%) from 2014

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin79th percentile

Revenue

Up

$1,522,858

Up $392,848 (+35%) from 2014

Expenses

Up

$1,208,985

Up $124,664 (+11%) from 2014

Net Income

Up

$313,873

Up $268,184 (+587%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

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

$30M$20M$10M$0Assets 2010: $4,935,871Liabilities 2010: $2,531,728Net Assets 2010: $2,404,1432010Assets 2011: $7,585,943Liabilities 2011: $5,134,580Net Assets 2011: $2,451,3632011Assets 2012: $8,786,826Liabilities 2012: $6,396,930Net Assets 2012: $2,389,8962012Assets 2013: $12,284,361Liabilities 2013: $7,709,295Net Assets 2013: $4,575,0662013Assets 2014: $12,839,531Liabilities 2014: $8,218,776Net Assets 2014: $4,620,7552014Assets 2015: $12,267,733Liabilities 2015: $7,483,105Net Assets 2015: $4,784,6282015Assets 2016: $14,988,276Liabilities 2016: $7,311,806Net Assets 2016: $7,676,4702016Assets 2017: $15,531,835Liabilities 2017: $7,315,353Net Assets 2017: $8,216,4822017Assets 2018: $14,847,579Liabilities 2018: $6,999,671Net Assets 2018: $7,847,9082018Assets 2019: $14,448,098Liabilities 2019: $6,965,300Net Assets 2019: $7,482,7982019Assets 2020: $22,235,339Liabilities 2020: $14,465,440Net Assets 2020: $7,769,8992020Assets 2021: $22,028,483Liabilities 2021: $14,919,963Net Assets 2021: $7,108,5202021Assets 2022: $24,837,195Liabilities 2022: $15,519,263Net Assets 2022: $9,317,9322022Assets 2023: $28,941,797Liabilities 2023: $15,678,795Net Assets 2023: $13,263,0022023Assets 2024: $29,466,477Liabilities 2024: $12,036,223Net Assets 2024: $17,430,2542024

Highlighted filing

2015

Assets$12,267,733
Liabilities$7,483,105
Net Assets$4,784,628
Open 2015 Filing

Operations Trend

Revenue Growth87th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $327,8332010Revenue 2011: $799,403Expenses 2011: $752,183Net Income 2011: $47,2202011Revenue 2012: $844,123Expenses 2012: $879,182Net Income 2012: -$35,0592012Revenue 2013: $3,168,060Expenses 2013: $982,890Net Income 2013: $2,185,1702013Revenue 2014: $1,130,010Expenses 2014: $1,084,321Net Income 2014: $45,6892014Revenue 2015: $1,522,858Expenses 2015: $1,208,985Net Income 2015: $313,8732015Revenue 2016: $4,213,488Expenses 2016: $1,321,646Net Income 2016: $2,891,8422016Revenue 2017: $1,819,248Expenses 2017: $1,279,236Net Income 2017: $540,0122017Revenue 2018: $937,961Expenses 2018: $1,306,535Net Income 2018: -$368,5742018Revenue 2019: $1,004,669Expenses 2019: $1,369,779Net Income 2019: -$365,1102019Revenue 2020: $3,186,848Expenses 2020: $2,677,191Net Income 2020: $509,6572020Revenue 2021: $1,980,584Expenses 2021: $2,641,963Net Income 2021: -$661,3792021Revenue 2022: $5,007,280Expenses 2022: $2,797,868Net Income 2022: $2,209,4122022Revenue 2023: $2,688,891Expenses 2023: $3,345,445Net Income 2023: -$656,5542023Revenue 2024: $2,510,195Expenses 2024: $2,745,430Net Income 2024: -$235,2352024

Highlighted filing

2015

Revenue$1,522,858
Expenses$1,208,985
Net Income$313,873
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Aug 15, 2016
Return Version
2015v2.0
Gross Receipts
$1,522,858
Mission and Program Overview

Mission

Provide second mortgages to first time homebuyers, rehabilitation of deteriorated housing and operation of rental housing for single parents, their children and low income families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,895,125$5,684,137▼ $210,988
Other Notes and Loans Receivable, Net$5,119,804$5,410,361▲ $290,557
Savings and Temporary Cash Investments$148,563$183,900▲ $35,337
Intangible Assets$82,332$78,152▼ $4,180
Prepaid Expenses and Deferred Charges$28,826$29,565▲ $739
Accounts Receivable$19,122$23,717▲ $4,595
Cash and Non-Interest-Bearing Accounts-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$12,839,531$12,267,733▼ $571,798
Other Assets Total$1,545,759$857,901▼ $687,858
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,945,306$7,212,209▼ $733,097
Accounts Payable and Accrued Expenses$238,191$232,798▼ $5,393
Other Liabilities$33,813$31,953▼ $1,860
Deferred Revenue$1,466$6,145▲ $4,679
Total Liabilities$8,218,776$7,483,105▼ $735,671
Net Assets / Fund Balance
Unrestricted Net Assets$4,620,755$4,784,628▲ $163,873
Total Net Assets Fund Balance$4,620,755$4,784,628▲ $163,873
Total Liabilities and Net Assets / Fund Balance$12,839,531$12,267,733▼ $571,798

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$3,021,069$1,554,384$4,575,453
Buildings$2,319,417$843,958$3,163,375
Land$341,631-$341,631
Equipment$2,020$41,910$43,930
Other Assets Org$298,427--
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Anthony DoylePresident
Bernard PinsonnaultBoard Member
Crystal GarneauBoard Member
Catherine CarchediClerk
John Graham IiiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$360,000
Program Service Revenue
$1,086,256
Investment Income
$2,127
Other Revenue
$74,475
All Other Contributions
$327,667
Change in Net Assets
$313,873

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,522,858
Total Revenue per Audited Statements
$1,522,858
Total Revenue per Form 990
$1,522,858
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,031,456
Salaries, Compensation, and Employee Benefits$116,583
Grants and Similar Amounts Paid$60,946
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$265,511--$265,511
Occupancy$119,746--$119,746
Other Salaries and Wages$105,062--$105,062
All Other Expenses$75,720$1,302-$77,022
Interest$64,917$3-$64,920
Grants to Domestic Individuals$60,946--$60,946
Insurance$59,012$1,317-$60,329
Fees for Services Management$51,965$750-$52,715
Fees for Services Accounting$26,220$6,980-$33,200
Other Expenses$20,942$157,496-$20,942
Office Expenses$4,583$4,699-$9,282
Payroll Taxes$6,032--$6,032
Other Employee Benefits$5,489--$5,489
Fees for Services Legal$3,910--$3,910
Advertising$1,864$1,230-$3,094
Total Functional Expenses$1,035,208$173,777$0$1,208,985

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,208,985
Total Expenses per Audited Statements$1,208,985
Total Expenses per Form 990$1,208,985
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenants' security deposits payable$31,953
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
No
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, Part VI, Line 3: Description of Delegated Duties to Management Company

“A contractual agreement exists where berkshire housing services inc. Is the management agent for the rental properties. All leasing, accounting, and maintenance duties are delegated to the management company. Also, berkshire housing services, inc. Runs classes to educate first time homebuyers about home ownership.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“The board of directors will review in detail the form 990 before the form is to be filed.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“It is done on the board level through discussions.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The organization governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Berkshire Fund
EIN
04-2483221
Phone
4134991630
Address
C/O BERKSHIRE HOUSING PO BOX 1180, PITTSFIELD, MA 01202

Signing Officer

Name
Anthony Doyle
Title
President
Signed
2016-08-15
Discuss with paid preparer
Yes

Organization Details

Formed
1971
Legal Domicile
Ma
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Lombardi Clairmont & Keegan CPAs
Address
35 Pearl Street, Pittsfield, MA 01201-4718
Preparer
Barry J Clairmont
Phone
4134993733
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

“Other program services 4: provide rehabilitation of deteriorated housing.”

Other Changes In Net Assets Or Fund Balances - Other Decreases

“Distribution of equity in highland woods, to sister company = -$150000”

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IRS990/OtherChangesInNetAssetsAmt0-150000
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt05489
IRS990/OtherEmployeeBenefitsGrp/TotalAmt05489
IRS990/OtherExpensesGrp/Desc0Contract services
IRS990/OtherExpensesGrp/Desc1Repairs
IRS990/OtherExpensesGrp/Desc2Real estate taxes
IRS990/OtherExpensesGrp/Desc3Rubbish removal
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0157496
IRS990/OtherExpensesGrp/ProgramServicesAmt017500
IRS990/OtherExpensesGrp/ProgramServicesAmt190987
IRS990/OtherExpensesGrp/ProgramServicesAmt254802
IRS990/OtherExpensesGrp/ProgramServicesAmt320942
IRS990/OtherExpensesGrp/TotalAmt0174996
IRS990/OtherExpensesGrp/TotalAmt190987
IRS990/OtherExpensesGrp/TotalAmt254802
IRS990/OtherExpensesGrp/TotalAmt320942
IRS990/OtherLiabilitiesGrp/BOYAmt033813
IRS990/OtherLiabilitiesGrp/EOYAmt031953
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt074475
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt074475
IRS990/OtherRevenueTotalAmt074475
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0105062
IRS990/OtherSalariesAndWagesGrp/TotalAmt0105062
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt05119804
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt05410361
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt06032
IRS990/PayrollTaxesGrp/TotalAmt06032
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt028826
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt029565
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0CLASS FEES
IRS990/ProgramServiceRevenueGrp/Desc1DEVELOPMENT FEE
IRS990/ProgramServiceRevenueGrp/Desc2LAUNDRY INCOME
IRS990/ProgramServiceRevenueGrp/Desc3RENTAL RECEIPTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03680
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1305233
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt25648
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3771695
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03680
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1305233
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt25648
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3771695
IRS990/ProgSrvcAccomActy2Grp/Desc0OPERATION OF RENTAL HOUSING FOR SINGLE PARENTS AND THEIR CHILDREN.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0247991
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0196154
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDE SECOND MORTGAGES TO FIRST TIME HOMEBUYERS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt035826
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt020002
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0200080
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt043520
IRS990/PYInvestmentIncomeAmt05008
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0920032
IRS990/PYOtherRevenueAmt098141
IRS990/PYProgramServiceRevenueAmt0826781
IRS990/PYRevenuesLessExpensesAmt045689
IRS990/PYSalariesCompEmpBnftPaidAmt0120769
IRS990/PYTotalExpensesAmt01084321
IRS990/PYTotalRevenueAmt01130010
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0313873
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0647220
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0148563
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0183900
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0360000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0200080
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt02269721
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt033268
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0112291
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02975360
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02127
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05008
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03750
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt05886
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt09744
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt026515
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02958375
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt074475
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt098141
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0105137
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt0104172
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt064023
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0445948
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.86300
IRS990ScheduleA/PublicSupportPY170Pct00.86500
IRS990ScheduleA/PublicSupportTotal170Amt02975360
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0360000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0200080
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt02269721
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt033268
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0112291
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02975360
IRS990ScheduleA/TotalSupportAmt03447823
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02319417
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0843958
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03163375
IRS990ScheduleD/EquipmentGrp/BookValueAmt02020
IRS990ScheduleD/EquipmentGrp/DepreciationAmt041910
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt043930
IRS990ScheduleD/ExpensesSubtotalAmt01208985
IRS990ScheduleD/LandGrp/BookValueAmt0341631
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0341631
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt03021069
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01554384
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04575453
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt031311
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1311625
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt21690
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3103646
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4111202
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt5298427
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Cash - tenants' security deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Collateral trust fund
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Construction in progress
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Escrow funds
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4Operating reserve
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5Real estate tax and insurance escrows
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6Replacement reserve
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt031953
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenants' security deposits payable
IRS990ScheduleD/RevenueSubtotalAmt01522858
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05684137
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0857901
IRS990ScheduleD/TotalExpensesPerForm990Amt01208985
IRS990ScheduleD/TotalLiabilityAmt031953
IRS990ScheduleD/TotalRevenuePerForm990Amt01522858
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01522858
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01208985
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt018109
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FORGIVENESS OF DEBT
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt014
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION FORGIVES A PORTION OF THE LOANS RECEIVABLE ON A YEARLY BASIS. THIS IS MONITORED BY MANAGEMENT YEARLY TO ENSURE THAT THE CORRECT AMOUNT IS BEING FORGIVEN.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Grantmaker's Description of How Grants are Used
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: PROVIDE REHABILITATION OF DETERIORATED HOUSING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A CONTRACTUAL AGREEMENT EXISTS WHERE BERKSHIRE HOUSING SERVICES INC. IS THE MANAGEMENT AGENT FOR THE RENTAL PROPERTIES. ALL LEASING, ACCOUNTING, AND MAINTENANCE DUTIES ARE DELEGATED TO THE MANAGEMENT COMPANY. ALSO, BERKSHIRE HOUSING SERVICES, INC. RUNS CLASSES TO EDUCATE FIRST TIME HOMEBUYERS ABOUT HOME OWNERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS WILL REVIEW IN DETAIL THE FORM 990 BEFORE THE FORM IS TO BE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IT IS DONE ON THE BOARD LEVEL THROUGH DISCUSSIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DISTRIBUTION OF EQUITY IN HIGHLAND WOODS, TO SISTER COMPANY = -$150000
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,267,733
Liabilities
$7,483,105
Net assets
$4,784,628
Revenue
$1,522,858
Expenses
$1,208,985
Net income
$313,873
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.5$12.0$17.4$2.51$2.75$0.24
2023Detailed filing. Detailed filing data is available for this year.$28.9$15.7$13.3$2.69$3.35$0.66
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.8$15.5$9.32$5.01$2.80$2.21
2021Detailed filing. Detailed filing data is available for this year.$22.0$14.9$7.11$1.98$2.64$0.66
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.2$14.5$7.77$3.19$2.68$0.51
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.4$6.97$7.48$1.00$1.37$0.37
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.8$7.00$7.85$0.94$1.31$0.37
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.5$7.32$8.22$1.82$1.28$0.54
2016Detailed filing. Detailed filing data is available for this year.$15.0$7.31$7.68$4.21$1.32$2.89
2015Detailed filing. Detailed filing data is available for this year.$12.3$7.48$4.78$1.52$1.21$0.31
2014Detailed filing. Detailed filing data is available for this year.$12.8$8.22$4.62$1.13$1.08$0.05
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$12.3$7.71$4.58$3.17$0.98$2.19
2012Summary only. Only limited summary data is available for this year.$8.79$6.40$2.39$0.84$0.88$0.04
2011Summary only. Only limited summary data is available for this year.$7.59$5.13$2.45$0.80$0.75$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.94$2.53$2.40$0.33