Civic Intelligence

Berkshire Fund Inc.

990 • Fiscal year 2021 • EIN 04-2483221

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 20, 2022

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

84th percentile

0.68x

Higher debt load relative to assets than 84% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

96th percentile

7.53x

Higher debt load relative to revenue than 96% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

6th percentile

-33%

Higher net margin than 6% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

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.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

20th percentile

-0.9%

Faster asset growth than 20% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

6th percentile

-38%

Faster revenue growth than 6% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets84th percentile

Assets

Down

$22,028,483

Down $206,856 (-0.9%) from 2020

Net Assets

Down

$7,108,520

Down $661,379 (-8.5%) from 2020

Liabilities

Up

$14,919,963

Up $454,523 (+3.1%) from 2020

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin6th percentile

Revenue

Down

$1,980,584

Down $1,206,264 (-38%) from 2020

Expenses

Down

$2,641,963

Down $35,228 (-1.3%) from 2020

Net Income

Down

-$661,379

Down $1,171,036 (-230%) from 2020

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

2021

Assets$22,028,483
Liabilities$14,919,963
Net Assets$7,108,520
Open 2021 Filing

Operations Trend

Revenue Growth6th 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

2021

Revenue$1,980,584
Expenses$2,641,963
Net Income-$661,379
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 20, 2022
Return Version
2021v4.0
Gross Receipts
$1,980,584
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$10,963,446$10,491,767▼ $471,679
Other Notes and Loans Receivable, Net$6,105,315$6,088,079▼ $17,236
Investments Program Related$2,956,500$2,956,500→ $0
Savings and Temporary Cash Investments$668,492$842,604▲ $174,112
Accounts Receivable$37,038$73,779▲ $36,741
Prepaid Expenses and Deferred Charges$25,157$29,111▲ $3,954
Intangible Assets$67,664$5,500▼ $62,164
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$22,235,339$22,028,483▼ $206,856
Other Assets Total$1,411,727$1,541,143▲ $129,416
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,108,695$8,993,249▼ $115,446
Other Liabilities$4,610,423$5,183,632▲ $573,209
Accounts Payable and Accrued Expenses$731,067$723,096▼ $7,971
Deferred Revenue$15,255$19,986▲ $4,731
Total Liabilities$14,465,440$14,919,963▲ $454,523
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$7,754,999$7,057,613▼ $697,386
Net Assets With Donor Restrictions$14,900$50,907▲ $36,007
Total Net Assets Fund Balance$7,769,899$7,108,520▼ $661,379
Total Liabilities and Net Assets / Fund Balance$22,235,339$22,028,483▼ $206,856

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,064,150$7,331,025$12,395,175
Leasehold Improvements$4,751,043$870,251$5,621,294
Land$641,632-$641,632
Equipment$32,620$9,919$42,539
Other Land Buildings$2,322$25,569$27,891
Other Assets Org$694,065--
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
$111,000
Program Service Revenue
$1,846,840
Investment Income
$20,976
Other Revenue
$1,768
Change in Net Assets
$-661,379

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,980,584
Total Revenue per Audited Statements
$1,980,584
Total Revenue per Form 990
$1,980,584
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,171,096
Salaries, Compensation, and Employee Benefits$384,638
Grants and Similar Amounts Paid$86,229
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$646,053--$646,053
Depreciation Depletion$538,519--$538,519
Other Salaries and Wages$327,597--$327,597
Occupancy$228,699--$228,699
Fees for Services Management-$111,198-$111,198
Insurance$110,389--$110,389
All Other Expenses$78,012$25,315-$103,327
Grants to Domestic Individuals$86,229--$86,229
Fees for Services Other-$57,964-$57,964
Other Employee Benefits$39,786--$39,786
Office Expenses-$29,051-$29,051
Other Expenses$28,432--$28,432
Payroll Taxes$17,255--$17,255
Fees for Services Accounting-$16,075-$16,075
Advertising-$2,707-$2,707
Fees for Services Legal-$201-$201
Total Functional Expenses$2,399,452$242,511$0$2,641,963

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,641,963
Total Expenses per Audited Statements$2,641,963
Total Expenses per Form 990$2,641,963
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 Payabale$5,091,339
Tenants' security deposits payable$62,910
miscedllaneous accrued expenses$29,383
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
2022-08-20
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.”

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IRS990/OtherExpensesGrp/TotalAmt1101496
IRS990/OtherExpensesGrp/TotalAmt244552
IRS990/OtherExpensesGrp/TotalAmt328432
IRS990/OtherLiabilitiesGrp/BOYAmt04610423
IRS990/OtherLiabilitiesGrp/EOYAmt05183632
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt01768
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01768
IRS990/OtherRevenueTotalAmt01768
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0327597
IRS990/OtherSalariesAndWagesGrp/TotalAmt0327597
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt06105315
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt06088079
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt017255
IRS990/PayrollTaxesGrp/TotalAmt017255
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt025157
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt029111
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0CLASS FEES
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY INCOME
IRS990/ProgramServiceRevenueGrp/Desc2RENTAL RECEIPTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01800
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt111475
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21833565
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt111475
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21833565
IRS990/ProgSrvcAccomActy2Grp/Desc0OPERATION OF RENTAL HOUSING FOR SINGLE PARENTS AND THEIR CHILDREN.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0277900
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0274435
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDE REHABILITATION OF DETERIORATED HOUSING.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt017236
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01358774
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0239218
IRS990/PYInvestmentIncomeAmt08557
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02078521
IRS990/PYOtherRevenueAmt08381
IRS990/PYProgramServiceRevenueAmt01811136
IRS990/PYRevenuesLessExpensesAmt0509657
IRS990/PYSalariesCompEmpBnftPaidAmt0359452
IRS990/PYTotalExpensesAmt02677191
IRS990/PYTotalRevenueAmt03186848
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-661379
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt0788480
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0668492
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0842604
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt074993
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01358774
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt021000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt031000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0136982
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01622749
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt020976
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt08557
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt07339
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt06812
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05194
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt048878
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt01770
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt08381
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt014630
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt04274
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt023335
IRS990ScheduleA/OtherIncome170Grp/TotalAmt052390
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.94130
IRS990ScheduleA/PublicSupportPY170Pct00.96800
IRS990ScheduleA/PublicSupportTotal170Amt01622749
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt074993
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01358774
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt021000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt031000
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0136982
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01622749
IRS990ScheduleA/TotalSupportAmt01724017
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/BookValueAmt05064150
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07331025
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012395175
IRS990ScheduleD/EquipmentGrp/BookValueAmt032620
IRS990ScheduleD/EquipmentGrp/DepreciationAmt09919
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt042539
IRS990ScheduleD/ExpensesSubtotalAmt02641963
IRS990ScheduleD/LandGrp/BookValueAmt0641632
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0641632
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt04751043
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0870251
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt05621294
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt062910
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1311974
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2215645
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3256549
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4694065
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/BookValueAmt02322
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt025569
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt027891
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05091339
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt129383
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt262910
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ACCRUED INTEREST PAYABALE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1miscedllaneous accrued expenses
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Tenants' security deposits payable
IRS990ScheduleD/RevenueSubtotalAmt01980584
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010491767
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01541143
IRS990ScheduleD/TotalBookValueProgramRltdAmt02956500
IRS990ScheduleD/TotalExpensesPerForm990Amt02641963
IRS990ScheduleD/TotalLiabilityAmt05183632
IRS990ScheduleD/TotalRevenuePerForm990Amt01980584
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01980584
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02641963
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/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
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$22,028,483
Liabilities
$14,919,963
Net assets
$7,108,520
Revenue
$1,980,584
Expenses
$2,641,963
Net income
-$661,379
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