Civic Intelligence

Berkshire Fund Inc.

990 • Fiscal year 2023 • EIN 04-2483221

Jan 01, 2023 to Dec 31, 2023 • Filed on Jul 01, 2024

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

76th percentile

0.54x

Higher debt load relative to assets than 76% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

94th percentile

5.83x

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

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

11th percentile

-24%

Higher net margin than 11% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

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

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

74th percentile

17%

Faster asset growth than 74% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

7th percentile

-46%

Faster revenue growth than 7% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$28,941,797

Up $4,104,602 (+17%) from 2022

Net Assets

Up

$13,263,002

Up $3,945,070 (+42%) from 2022

Liabilities

Up

$15,678,795

Up $159,532 (+1.0%) from 2022

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin11th percentile

Revenue

Down

$2,688,891

Down $2,318,389 (-46%) from 2022

Expenses

Up

$3,345,445

Up $547,577 (+20%) from 2022

Net Income

Down

-$656,554

Down $2,865,966 (-130%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth74th 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

2023

Assets$28,941,797
Liabilities$15,678,795
Net Assets$13,263,002
Open 2023 Filing

Operations Trend

Revenue Growth7th 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

2023

Revenue$2,688,891
Expenses$3,345,445
Net Income-$656,554
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jul 1, 2024
Return Version
2023v5.1
Gross Receipts
$2,688,891
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
Other Notes and Loans Receivable, Net$8,940,843$13,239,940▲ $4,299,097
Land, Buildings, and Equipment, Net$10,093,551$9,720,538▼ $373,013
Investments Program Related$2,956,500$2,956,500→ $0
Accounts Receivable$167,723$624,629▲ $456,906
Savings and Temporary Cash Investments$976,907$557,023▼ $419,884
Prepaid Expenses and Deferred Charges$38,141$39,499▲ $1,358
Intangible Assets$5,250$5,000▼ $250
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$24,837,195$28,941,797▲ $4,104,602
Other Assets Total$1,658,280$1,798,668▲ $140,388
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,919,160$8,848,130▼ $71,030
Other Liabilities$5,780,190$6,424,213▲ $644,023
Accounts Payable and Accrued Expenses$802,612$390,426▼ $412,186
Deferred Revenue$17,301$16,026▼ $1,275
Total Liabilities$15,519,263$15,678,795▲ $159,532
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$9,233,694$13,196,414▲ $3,962,720
Net Assets With Donor Restrictions$84,238$66,588▼ $17,650
Total Net Assets Fund Balance$9,317,932$13,263,002▲ $3,945,070
Total Liabilities and Net Assets / Fund Balance$24,837,195$28,941,797▲ $4,104,602

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,459,260$8,935,914$12,395,174
Leasehold Improvements$5,617,817$234,674$5,852,491
Land$641,632-$641,632
Equipment-$42,539$42,539
Other Land Buildings$1,829$26,062$27,891
Other Assets Org$864,956--
Compensation and Service Providers
Top Officer Pay9th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$36,667
Program Service Revenue
$2,438,248
Investment Income
$178,113
Other Revenue
$35,863
Change in Net Assets
$-656,554

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,688,891
Total Revenue per Audited Statements
$2,688,891
Total Revenue per Form 990
$2,688,891
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,499,218
Salaries, Compensation, and Employee Benefits$455,869
Grants and Similar Amounts Paid$390,358
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$753,756--$753,756
Depreciation Depletion$505,928--$505,928
Other Salaries and Wages$379,421--$379,421
Grants to Domestic Orgs$349,000--$349,000
Occupancy$299,594--$299,594
All Other Expenses$122,331$45,466-$167,797
Insurance$132,471--$132,471
Fees for Services Management-$120,061-$120,061
Fees for Services Other-$59,689-$59,689
Other Employee Benefits$54,512--$54,512
Other Expenses$52,905--$52,905
Grants to Domestic Individuals$41,358--$41,358
Office Expenses-$28,568-$28,568
Payroll Taxes$21,936--$21,936
Fees for Services Accounting-$16,075-$16,075
Advertising-$2,340-$2,340
Fees for Services Legal-$1,174-$1,174
Total Functional Expenses$3,072,072$273,373$0$3,345,445

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,345,445
Total Expenses per Audited Statements$3,345,445
Total Expenses per Form 990$3,345,445
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Berkshire Housing DevelopmentPittsfield, MA501(c)(3)Housing$349,000
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
Misc Accrued Expenses$6,343,160
Tenants' security deposits payable$61,927
Accrued interest payable$19,126
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, Section A, Line 3

“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, Section B, Line 11B

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

Form 990, Part VI, Section B, Line 12C

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

Form 990, Part VI, Section C, Line 19

“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
2024-07-01
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
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IRS990/OtherExpensesGrp/ProgramServicesAmt352905
IRS990/OtherExpensesGrp/TotalAmt0186280
IRS990/OtherExpensesGrp/TotalAmt1105963
IRS990/OtherExpensesGrp/TotalAmt266617
IRS990/OtherExpensesGrp/TotalAmt352905
IRS990/OtherLiabilitiesGrp/BOYAmt05780190
IRS990/OtherLiabilitiesGrp/EOYAmt06424213
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt035863
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt035863
IRS990/OtherRevenueTotalAmt035863
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0379421
IRS990/OtherSalariesAndWagesGrp/TotalAmt0379421
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt08940843
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt013239940
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt021936
IRS990/PayrollTaxesGrp/TotalAmt021936
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt038141
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt039499
IRS990/PriorPeriodAdjustmentsAmt04601624
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0BAD DEBT RECOVERY
IRS990/ProgramServiceRevenueGrp/Desc1CLASS FEES
IRS990/ProgramServiceRevenueGrp/Desc2LAUNDRY INCOME
IRS990/ProgramServiceRevenueGrp/Desc3RENTAL RECEIPTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0478502
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1940
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt210402
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31948404
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0478502
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1940
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt210402
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31948404
IRS990/ProgSrvcAccomActy2Grp/Desc0OPERATION OF RENTAL HOUSING FOR SINGLE PARENTS AND THEIR CHILDREN.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0231442
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0302708
IRS990/ProgSrvcAccomActy3Grp/Desc0PROVIDE SECOND MORTGAGES TO FIRST TIME HOMEBUYERS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt017236
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt02996667
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt085768
IRS990/PYInvestmentIncomeAmt0101516
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt02300660
IRS990/PYOtherRevenueAmt021190
IRS990/PYProgramServiceRevenueAmt01887907
IRS990/PYRevenuesLessExpensesAmt02209412
IRS990/PYSalariesCompEmpBnftPaidAmt0411440
IRS990/PYTotalExpensesAmt02797868
IRS990/PYTotalRevenueAmt05007280
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-656554
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt01645696
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0976907
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0557023
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02474915
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02963336
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt074993
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01358774
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt021000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06893018
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0178113
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0101516
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt020976
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt08557
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt07339
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0316501
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt035863
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt021190
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt01770
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt08381
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt014630
IRS990ScheduleA/OtherIncome170Grp/TotalAmt081834
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.94540
IRS990ScheduleA/PublicSupportPY170Pct00.95790
IRS990ScheduleA/PublicSupportTotal170Amt06893018
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02474915
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02963336
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt074993
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01358774
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt021000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06893018
IRS990ScheduleA/TotalSupportAmt07291353
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/BookValueAmt03459260
IRS990ScheduleD/BuildingsGrp/DepreciationAmt08935914
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012395174
IRS990ScheduleD/EquipmentGrp/DepreciationAmt042539
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt042539
IRS990ScheduleD/ExpensesSubtotalAmt03345445
IRS990ScheduleD/LandGrp/BookValueAmt0641632
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0641632
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt05617817
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0234674
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt05852491
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt061927
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1312161
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2231777
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3327847
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4864956
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/BookValueAmt01829
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt026062
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt027891
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt019126
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt16343160
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt261927
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued interest payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Misc Accrued Expenses
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Tenants' security deposits payable
IRS990ScheduleD/RevenueSubtotalAmt02688891
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09720538
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01798668
IRS990ScheduleD/TotalBookValueProgramRltdAmt02956500
IRS990ScheduleD/TotalExpensesPerForm990Amt03345445
IRS990ScheduleD/TotalLiabilityAmt06424213
IRS990ScheduleD/TotalRevenuePerForm990Amt02688891
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02688891
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03345445
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt017236
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FORGIVENESS OF DEBT
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt014
IRS990ScheduleI/RecipientTable/CashGrantAmt0349000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0HOUSING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BERKSHIRE HOUSING DEVELOPMENT
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 1180
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PITTSFIELD
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd001202
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/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A 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/ExplanationTxt1THE BOARD OF DIRECTORS WILL REVIEW IN DETAIL THE FORM 990 BEFORE THE FORM IS TO BE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IT IS DONE ON THE BOARD LEVEL THROUGH DISCUSSIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 3

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$28,941,797
Liabilities
$15,678,795
Net assets
$13,263,002
Revenue
$2,688,891
Expenses
$3,345,445
Net income
-$656,554
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