Civic Intelligence

Charlestown Economic Development Corporation

990 • Fiscal year 2017 • EIN 04-2704682

Jan 01, 2017 to Dec 31, 2017 • Filed on Jun 11, 2018

Organization ProfileN/A
20 Devens StreetCharlestown, MA 02129

(617) 242-2600

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.04x

Higher debt load relative to assets than 92% of similar nonprofits.

2017 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

75th percentile

5.41x

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

2017 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2017

Net Margin

21st percentile

-18%

Higher net margin than 21% of similar nonprofits.

2017 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

51st percentile

$0

Higher top officer pay than 51% of similar nonprofits.

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

2017 filings • 501(c)2 • $1M-$5M nonprofits • Source year 2017

Asset Growth

20th percentile

-4.0%

Faster asset growth than 20% of similar nonprofits.

2017 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

36th percentile

-0.6%

Faster revenue growth than 36% of similar nonprofits.

2017 filings • 501(c)2 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$4,490,364

Down $186,400 (-4.0%) from 2016

Net Assets

Down

-$186,149

Down $155,701 (-511%) from 2016

Liabilities

Down

$4,676,513

Down $30,699 (-0.7%) from 2016

Revenue And Expenses
Liabilities / Revenue75th percentileNet Margin21st percentile

Revenue

Down

$864,804

Down $5,226 (-0.6%) from 2016

Expenses

Up

$1,020,505

Up $40,755 (+4.2%) from 2016

Net Income

Down

-$155,701

Down $45,981 (-42%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $1,590,633Liabilities 2010: $1,762,354Net Assets 2010: -$171,7212010Assets 2011: $1,665,525Liabilities 2011: $1,735,365Net Assets 2011: -$69,8402011Assets 2012: $1,813,282Liabilities 2012: $1,736,798Net Assets 2012: $76,4842012Assets 2013: $2,001,840Liabilities 2013: $1,752,396Net Assets 2013: $249,4442013Assets 2014: $5,270,456Liabilities 2014: $5,007,987Net Assets 2014: $262,4692014Assets 2015: $5,324,926Liabilities 2015: $5,245,654Net Assets 2015: $79,2722015Assets 2016: $4,676,764Liabilities 2016: $4,707,212Net Assets 2016: -$30,4482016Assets 2017: $4,490,364Liabilities 2017: $4,676,513Net Assets 2017: -$186,1492017Assets 2018: $4,619,939Liabilities 2018: $4,920,052Net Assets 2018: -$300,1132018Assets 2019: $4,582,743Liabilities 2019: $4,548,933Net Assets 2019: $33,8102019Assets 2020: $4,634,986Liabilities 2020: $4,456,906Net Assets 2020: $178,0802020Assets 2021: $4,770,227Liabilities 2021: $4,409,909Net Assets 2021: $360,3182021Assets 2022: $4,861,998Liabilities 2022: $4,336,411Net Assets 2022: $525,5872022Assets 2023: $4,947,301Liabilities 2023: $4,272,676Net Assets 2023: $674,6252023Assets 2024: $5,160,409Liabilities 2024: $4,204,132Net Assets 2024: $956,2772024

Highlighted filing

2017

Assets$4,490,364
Liabilities$4,676,513
Net Assets-$186,149
Open 2017 Filing

Operations Trend

Revenue Growth36th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $600,4622010Expenses 2011: $598,4232011Expenses 2012: $597,3132012Revenue 2013: $822,735Expenses 2013: $649,775Net Income 2013: $172,9602013Revenue 2014: $835,643Expenses 2014: $822,618Net Income 2014: $13,0252014Revenue 2015: $850,904Expenses 2015: $1,034,101Net Income 2015: -$183,1972015Revenue 2016: $870,030Expenses 2016: $979,750Net Income 2016: -$109,7202016Revenue 2017: $864,804Expenses 2017: $1,020,505Net Income 2017: -$155,7012017Revenue 2018: $1,086,805Expenses 2018: $1,200,769Net Income 2018: -$113,9642018Revenue 2019: $1,041,272Expenses 2019: $1,039,556Net Income 2019: $1,7162019Revenue 2020: $1,077,283Expenses 2020: $933,013Net Income 2020: $144,2702020Revenue 2021: $1,101,953Expenses 2021: $919,715Net Income 2021: $182,2382021Revenue 2022: $1,156,515Expenses 2022: $991,246Net Income 2022: $165,2692022Revenue 2023: $1,228,185Expenses 2023: $1,079,147Net Income 2023: $149,0382023Revenue 2024: $1,305,354Expenses 2024: $1,023,702Net Income 2024: $281,6522024

Highlighted filing

2017

Revenue$864,804
Expenses$1,020,505
Net Income-$155,701
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jun 11, 2018
Return Version
2017v2.2
Gross Receipts
$864,804
Mission and Program Overview

Mission

To provide housing to the elderly in a 30 unit complex in charlestown, ma.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,064,265$3,905,159▼ $159,106
Cash and Non-Interest-Bearing Accounts$102,732$84,910▼ $17,822
Accounts Receivable$6,068$14,892▲ $8,824
Prepaid Expenses and Deferred Charges$5,772$5,663▼ $109
Total Assets$4,676,764$4,490,364▼ $186,400
Other Assets Total$497,927$479,740▼ $18,187
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,499,906$4,460,630▼ $39,276
Accounts Payable and Accrued Expenses$192,589$193,431▲ $842
Other Liabilities$14,717$22,452▲ $7,735
Total Liabilities$4,707,212$4,676,513▼ $30,699
Net Assets / Fund Balance
Unrestricted Net Assets$-30,448$-186,149▼ $155,701
Total Net Assets Fund Balance$-30,448$-186,149▼ $155,701
Total Liabilities and Net Assets / Fund Balance$4,676,764$4,490,364▼ $186,400

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,797,777$1,769,558$5,567,335
Other Land Buildings$102,432$237,933$340,365
Land$4,950-$4,950
Other Assets Org$9,148--
Compensation and Service Providers
Top Officer Pay51st percentile

Board Members and Trustees

NameTitle
Thomas CunhaPresident
Carol a BratleySecretary
Eric PhillipeTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$793,750
Investment Income
$5,466
Other Revenue
$65,588
Change in Net Assets
$-155,701

Audited Revenue Reconciliation

Revenue per Audited Statements
$864,804
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$864,804
Total Revenue per Form 990
$864,804
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,020,505
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$263,558
Fees for Services Management---$171,744
Depreciation Depletion---$165,787
Occupancy---$137,252
Other Expenses---$62,177
Insurance---$49,108
Office Expenses---$23,034
Fees for Services Accounting---$17,536
Total Functional Expenses$0$0$0$1,020,505

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,020,505
Total Expenses per Audited Statements$1,020,505
Total Expenses per Form 990$1,020,505
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$14,080
Prepaid Rent$8,372
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
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

“The organization delegates management responsibilities to barkan management company, a property management company.”

Form 990, Part VI, Section B, Line 11B

“One of the officers or directors signs the form 990 after it is reviewed by the treasurer.”

Form 990, Part VI, Section C, Line 19

“This information is available upon request.”

Filing and Contact Details

Filer

Filer Name
Charlestown Economic Development
EIN
04-2704682
Phone
6172422600
Address
20 DEVENS STREET, CHARLESTOWN, MA 02129

Signing Officer

Name
Thomas Cunha
Title
President
Phone
6172422600
Signed
2018-06-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Cunha
Formed
1976
Legal Domicile
Ma
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Llp
Address
ONE BOSTON PLACE SUITE 500, BOSTON, MA 02108
Preparer
Edward Mcneil
Phone
6176481400
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“The corporation may be subject to federal taxation in future periods to the extent of its "unrelated business taxable income" ("ubti"). During the year ended december 31, 2017, the corporation's revenues and support were realized totally from exempt activities. Management has evaluated significant tax positions against the criteria established by professional standards and believes there are no such tax positions requiring accounting recognition in the financial statements. Management does not believe its evaluation of tax positions will significantly change within 12 months of december 31, 2017. Any changes in tax positions will be recorded when the ultimate outcome becomes known. The corporation's income tax returns are subject to examination by taxing authorities generally for the years ended december 31, 2014, 2015 and 2016.”

Raw XML Appendix322 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0192589
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0193431
IRS990/AccountsReceivableGrp/BOYAmt06068
IRS990/AccountsReceivableGrp/EOYAmt014892
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE HOUSING TO THE ELDERLY IN A 30 UNIT COMPLEX IN CHARLESTOWN, MA.
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ERIC PHILLIPE
IRS990/BooksInCareOfDetail/PhoneNum06172422417
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt020 DEVENS STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0CHARLESTOWN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002129
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0102732
IRS990/CashNonInterestBearingGrp/EOYAmt084910
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt05466
IRS990/CYOtherExpensesAmt01020505
IRS990/CYOtherRevenueAmt065588
IRS990/CYProgramServiceRevenueAmt0793750
IRS990/CYRevenuesLessExpensesAmt0-155701
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01020505
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0864804
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/TotalAmt0165787
IRS990/Desc0TO PROVIDE HUD SUBSIDIZED HOUSING TO THE ELDERLY OF CHARLESTOWN, MA.
IRS990/DescribedInSection501c3Ind00
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/TotalAmt017536
IRS990/FeesForServicesManagementGrp/TotalAmt0171744
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/PersonNm0CAROL A BRATLEY
IRS990/Form990PartVIISectionAGrp/PersonNm1ERIC PHILLIPE
IRS990/Form990PartVIISectionAGrp/PersonNm2THOMAS CUNHA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01976
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0864804
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt049108
IRS990/InterestGrp/TotalAmt0263558
IRS990/InvestmentIncomeGrp/ExclusionAmt05466
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt05466
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02007491
IRS990/LandBldgEquipBasisNetGrp/BOYAmt04064265
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03905159
IRS990/LandBldgEquipCostOrOtherBssAmt05912650
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE HOUSING TO THE ELDERLY IN A 30 UNIT COMPLEX IN CHARLESTOWN, MA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04499906
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04460630
IRS990/NetAssetsOrFundBalancesBOYAmt0-30448
IRS990/NetAssetsOrFundBalancesEOYAmt0-186149
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0137252
IRS990/OfficeExpensesGrp/TotalAmt023034
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0497927
IRS990/OtherAssetsTotalGrp/EOYAmt0479740
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc1LOSS DUE TO RECAPTURE O
IRS990/OtherExpensesGrp/TotalAmt0130309
IRS990/OtherExpensesGrp/TotalAmt162177
IRS990/OtherLiabilitiesGrp/BOYAmt014717
IRS990/OtherLiabilitiesGrp/EOYAmt022452
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt063687
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt11901
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt063687
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11901
IRS990/OtherRevenueTotalAmt065588
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05772
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05663
IRS990/PrincipalOfficerNm0THOMAS CUNHA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/Desc0TENANT APARTMENT CHGS
IRS990/ProgramServiceRevenueGrp/Desc1SEC. 8 ASSISTANCE PMT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0634580
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1159170
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0634580
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1159170
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03914
IRS990/PYOtherExpensesAmt0979750
IRS990/PYOtherRevenueAmt0347268
IRS990/PYProgramServiceRevenueAmt0518848
IRS990/PYRevenuesLessExpensesAmt0-109720
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0979750
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0870030
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-155701
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03797777
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01769558
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05567335
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01020505
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt04950
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt04950
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt016372
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1311827
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2142393
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt39148
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REAL ESTATE TAX AND INSURANCE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0102432
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0237933
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0340365
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014080
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18372
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID RENT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0864804
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION MAY BE SUBJECT TO FEDERAL TAXATION IN FUTURE PERIODS TO THE EXTENT OF ITS "UNRELATED BUSINESS TAXABLE INCOME" ("UBTI"). DURING THE YEAR ENDED DECEMBER 31, 2017, THE CORPORATION'S REVENUES AND SUPPORT WERE REALIZED TOTALLY FROM EXEMPT ACTIVITIES. MANAGEMENT HAS EVALUATED SIGNIFICANT TAX POSITIONS AGAINST THE CRITERIA ESTABLISHED BY PROFESSIONAL STANDARDS AND BELIEVES THERE ARE NO SUCH TAX POSITIONS REQUIRING ACCOUNTING RECOGNITION IN THE FINANCIAL STATEMENTS. MANAGEMENT DOES NOT BELIEVE ITS EVALUATION OF TAX POSITIONS WILL SIGNIFICANTLY CHANGE WITHIN 12 MONTHS OF DECEMBER 31, 2017. ANY CHANGES IN TAX POSITIONS WILL BE RECORDED WHEN THE ULTIMATE OUTCOME BECOMES KNOWN. THE CORPORATION'S INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY TAXING AUTHORITIES GENERALLY FOR THE YEARS ENDED DECEMBER 31, 2014, 2015 AND 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03905159
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0479740
IRS990ScheduleD/TotalExpensesPerForm990Amt01020505
IRS990ScheduleD/TotalLiabilityAmt022452
IRS990ScheduleD/TotalRevenuePerForm990Amt0864804
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0864804
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01020505
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATES MANAGEMENT RESPONSIBILITIES TO BARKAN MANAGEMENT COMPANY, A PROPERTY MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ONE OF THE OFFICERS OR DIRECTORS SIGNS THE FORM 990 AFTER IT IS REVIEWED BY THE TREASURER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THIS INFORMATION IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04676764
IRS990/TotalAssetsEOYAmt04490364
IRS990/TotalAssetsGrp/BOYAmt04676764
IRS990/TotalAssetsGrp/EOYAmt04490364
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01020505
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04707212
IRS990/TotalLiabilitiesEOYAmt04676513
IRS990/TotalLiabilitiesGrp/BOYAmt04707212
IRS990/TotalLiabilitiesGrp/EOYAmt04676513
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-30448
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-186149
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt0793750
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt05466
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0859338
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0864804
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04676764
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04490364
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-30448
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-186149
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt020 DEVENS STREET
IRS990/USAddress/CityNm0CHARLESTOWN
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002129
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS CUNHA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06172422600
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-06-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0CHARLESTOWN ECONOMIC DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0CHAR
ReturnHeader/Filer/EIN0042704682
ReturnHeader/Filer/PhoneNum06172422600
ReturnHeader/Filer/USAddress/AddressLine1Txt020 DEVENS STREET
ReturnHeader/Filer/USAddress/CityNm0CHARLESTOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002129
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId02B39D2977FC098FCA0C506AE743642AC8FE879F9
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0209.3.217.20
ReturnHeader/FilingSecurityInformation/IPDt02018-06-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm015:16:43
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0221478099
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0COHNREZNICK LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0ONE BOSTON PLACE SUITE 500
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BOSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002108
ReturnHeader/PreparerPersonGrp/PhoneNum06176481400
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0EDWARD MCNEIL
ReturnHeader/ReturnTs02018-09-17T15:00:48-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,490,364
Liabilities
$4,676,513
Net assets
-$186,149
Revenue
$864,804
Expenses
$1,020,505
Net income
-$155,701
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.16$4.20$0.96$1.31$1.02$0.28
2023Detailed filing. Detailed filing data is available for this year.$4.95$4.27$0.67$1.23$1.08$0.15
2022Detailed filing. Detailed filing data is available for this year.$4.86$4.34$0.53$1.16$0.99$0.17
2021Detailed filing. Detailed filing data is available for this year.$4.77$4.41$0.36$1.10$0.92$0.18
2020Detailed filing. Detailed filing data is available for this year.$4.63$4.46$0.18$1.08$0.93$0.14
2019Detailed filing. Detailed filing data is available for this year.$4.58$4.55$0.03$1.04$1.04$0.00
2018Detailed filing. Detailed filing data is available for this year.$4.62$4.92$0.30$1.09$1.20$0.11
2017Detailed filing. Detailed filing data is available for this year.$4.49$4.68$0.19$0.86$1.02$0.16
2016Detailed filing. Detailed filing data is available for this year.$4.68$4.71$0.03$0.87$0.98$0.11
2015Detailed filing. Detailed filing data is available for this year.$5.32$5.25$0.08$0.85$1.03$0.18
2014Detailed filing. Detailed filing data is available for this year.$5.27$5.01$0.26$0.84$0.82$0.01
2013Detailed filing. Detailed filing data is available for this year.$2.00$1.75$0.25$0.82$0.65$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.81$1.74$0.08$0.60
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.67$1.74$0.07$0.60
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$1.76$0.17$0.60