Civic Intelligence

Berkshire Fund Inc.

990 • Fiscal year 2020 • EIN 04-2483221

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 12, 2021

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

80th percentile

0.65x

Higher debt load relative to assets than 80% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

93rd percentile

4.54x

Higher debt load relative to revenue than 93% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

72nd percentile

16%

Higher net margin than 72% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

91st percentile

54%

Faster asset growth than 91% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

97th percentile

217%

Faster revenue growth than 97% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$22,235,339

Up $7,787,241 (+54%) from 2019

Net Assets

Up

$7,769,899

Up $287,101 (+3.8%) from 2019

Liabilities

Up

$14,465,440

Up $7,500,140 (+108%) from 2019

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin72nd percentile

Revenue

Up

$3,186,848

Up $2,182,179 (+217%) from 2019

Expenses

Up

$2,677,191

Up $1,307,412 (+95%) from 2019

Net Income

Up

$509,657

Up $874,767 (+240%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth91st 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

2020

Assets$22,235,339
Liabilities$14,465,440
Net Assets$7,769,899
Open 2020 Filing

Operations Trend

Revenue Growth97th 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

2020

Revenue$3,186,848
Expenses$2,677,191
Net Income$509,657
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 12, 2021
Return Version
2020v4.0
Gross Receipts
$3,186,848
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$4,854,730$10,963,446▲ $6,108,716
Other Notes and Loans Receivable, Net$5,339,164$6,105,315▲ $766,151
Investments Program Related$2,956,500$2,956,500→ $0
Savings and Temporary Cash Investments$349,994$668,492▲ $318,498
Intangible Assets-$67,664-
Accounts Receivable$24,247$37,038▲ $12,791
Prepaid Expenses and Deferred Charges$11,180$25,157▲ $13,977
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 in Publicly Traded Securities-$0-
Inventories for Sale or Use-$0-
Total Assets$14,448,098$22,235,339▲ $7,787,241
Other Assets Total$912,283$1,411,727▲ $499,444
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,730,098$9,108,695▲ $2,378,597
Other Liabilities$39,632$4,610,423▲ $4,570,791
Accounts Payable and Accrued Expenses$184,048$731,067▲ $547,019
Deferred Revenue$11,522$15,255▲ $3,733
Total Liabilities$6,965,300$14,465,440▲ $7,500,140
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,482,798$7,754,999▲ $272,201
Net Assets With Donor Restrictions-$14,900-
Total Net Assets Fund Balance$7,482,798$7,769,899▲ $287,101
Total Liabilities and Net Assets / Fund Balance$14,448,098$22,235,339▲ $7,787,241

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,507,257$6,887,918$12,395,175
Leasehold Improvements$4,781,781$777,937$5,559,718
Land$641,632-$641,632
Equipment$32,776$9,763$42,539
Other Land Buildings-$25,425$25,425
Other Assets Org$581,423--
Compensation and Service Providers
Top Officer Pay14th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$1,358,774
Program Service Revenue
$1,811,136
Investment Income
$8,557
Other Revenue
$8,381
Change in Net Assets
$509,657

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,186,848
Total Revenue per Audited Statements
$3,186,848
Total Revenue per Form 990
$3,186,848
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,078,521
Salaries, Compensation, and Employee Benefits$359,452
Grants and Similar Amounts Paid$239,218
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$608,205--$608,205
Depreciation Depletion$546,298--$546,298
Other Salaries and Wages$316,153--$316,153
Grants to Domestic Individuals$239,218--$239,218
Occupancy$236,120--$236,120
All Other Expenses$100,122$27,748-$127,870
Fees for Services Management-$107,197-$107,197
Insurance$95,665--$95,665
Fees for Services Other-$47,076-$47,076
Other Employee Benefits$26,419--$26,419
Other Expenses$23,545--$23,545
Payroll Taxes$16,880--$16,880
Office Expenses-$15,885-$15,885
Fees for Services Accounting-$14,400-$14,400
Advertising-$3,757-$3,757
Fees for Services Legal-$699-$699
Total Functional Expenses$2,460,429$216,762$0$2,677,191

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,677,191
Total Expenses per Audited Statements$2,677,191
Total Expenses per Form 990$2,677,191
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
Accrued interest payable$4,550,086
Tenants' security deposits payable$60,337
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 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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
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
2021-11-12
Discuss with paid preparer
Yes

Organization Details

Formed
1971
Legal Domicile
Ma
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Lombardi Clairmont & Keegan CPAs
Address
35 Pearl Street, Pittsfield, MA 01201
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

“Net assets assumed at merger = -$222556”

Raw XML AppendixShowing 400 of 477 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/TotalAmt195511
IRS990/OtherExpensesGrp/TotalAmt256361
IRS990/OtherExpensesGrp/TotalAmt323545
IRS990/OtherLiabilitiesGrp/BOYAmt039632
IRS990/OtherLiabilitiesGrp/EOYAmt04610423
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt08381
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08381
IRS990/OtherRevenueTotalAmt08381
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0316153
IRS990/OtherSalariesAndWagesGrp/TotalAmt0316153
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt05339164
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt06105315
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt016880
IRS990/PayrollTaxesGrp/TotalAmt016880
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt011180
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt025157
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0CLASS FEES
IRS990/ProgramServiceRevenueGrp/Desc1DEVELOPMENT FEE
IRS990/ProgramServiceRevenueGrp/Desc2LAUNDRY INCOME
IRS990/ProgramServiceRevenueGrp/Desc3RENTAL RECEIPTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02560
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12910
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt210208
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31795458
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02560
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12910
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt210208
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31795458
IRS990/ProgSrvcAccomActy2Grp/Desc0OPERATION OF RENTAL HOUSING FOR SINGLE PARENTS AND THEIR CHILDREN.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0274707
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0264978
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDE REHABILITATION OF DETERIORATED HOUSING.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt017236
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt021000
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt038257
IRS990/PYInvestmentIncomeAmt07339
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01150254
IRS990/PYOtherRevenueAmt014630
IRS990/PYProgramServiceRevenueAmt0961700
IRS990/PYRevenuesLessExpensesAmt0-365110
IRS990/PYSalariesCompEmpBnftPaidAmt0181268
IRS990/PYTotalExpensesAmt01369779
IRS990/PYTotalRevenueAmt01004669
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0509657
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt02044901
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0349994
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0668492
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01358774
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt021000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt031000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0136982
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt02980833
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04528589
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt08557
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt07339
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt06812
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt05194
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05419
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt033321
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt08381
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt014630
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt04274
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt023335
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt065861
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0116481
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96800
IRS990ScheduleA/PublicSupportPY170Pct00.94400
IRS990ScheduleA/PublicSupportTotal170Amt04528589
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01358774
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt021000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt031000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0136982
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt02980833
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04528589
IRS990ScheduleA/TotalSupportAmt04678391
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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/BuildingsGrp/BookValueAmt05507257
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06887918
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012395175
IRS990ScheduleD/EquipmentGrp/BookValueAmt032776
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09763
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt042539
IRS990ScheduleD/ExpensesSubtotalAmt02677191
IRS990ScheduleD/LandGrp/BookValueAmt0641632
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0641632
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04781781
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0777937
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt05559718
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt060337
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1311865
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2212977
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3245125
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4581423
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Cash - tenants' security deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Collateral trust fund
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Operating reserve
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Real estate tax and insurance escrows
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4Replacement reserve
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt025425
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt025425
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04550086
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt160337
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued interest payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Tenants' security deposits payable
IRS990ScheduleD/RevenueSubtotalAmt03186848
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010963446
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01411727
IRS990ScheduleD/TotalBookValueProgramRltdAmt02956500
IRS990ScheduleD/TotalExpensesPerForm990Amt02677191
IRS990ScheduleD/TotalLiabilityAmt04610423
IRS990ScheduleD/TotalRevenuePerForm990Amt03186848
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03186848
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02677191
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt017236
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/ExplanationTxt5NET ASSETS ASSUMED AT MERGER = -$222556
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Changes In Net Assets Or Fund Balances - Other Decreases
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd0false

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,235,339
Liabilities
$14,465,440
Net assets
$7,769,899
Revenue
$3,186,848
Expenses
$2,677,191
Net income
$509,657
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
2020Detailed filing. Detailed filing data is available for this year.$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
Peer Organizations

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