Civic Intelligence

Hanover Legion Elderly Housing Corp

990 • Fiscal year 2014 • EIN 04-2707590

Jan 01, 2014 to Dec 31, 2014 • Filed on May 12, 2015

Organization ProfileN/A
100 Grandview Rd No 207Braintree, MA 02184

(781) 849-0011

Siviq Scores

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

Liabilities / Assets

96th percentile

1.45x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

93rd percentile

3.74x

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

53rd percentile

3.6%

Higher net margin than 53% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

34th percentile

$0

Higher top officer pay than 34% of similar nonprofits.

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

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

47th percentile

1.2%

Faster asset growth than 47% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

41st percentile

0.8%

Faster revenue growth than 41% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$2,369,932

Up $28,357 (+1.2%) from 2013

Net Assets

Up

-$1,071,657

Up $43,891 (+3.9%) from 2013

Liabilities

Down

$3,441,589

Down $15,534 (-0.4%) from 2013

Revenue And Expenses
Liabilities / Revenue93rd percentileNet Margin53rd percentile

Revenue

Up

$920,504

Up $6,962 (+0.8%) from 2013

Expenses

Up

$887,744

Up $8,549 (+1.0%) from 2013

Net Income

Down

$32,760

Down $1,587 (-4.6%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth47th percentile

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

$4.0M$2.0M$0-$2.0MAssets 2010: $2,745,932Liabilities 2010: $3,560,325Net Assets 2010: -$814,3932010Assets 2011: $2,774,115Liabilities 2011: $3,553,726Net Assets 2011: -$779,6112011Assets 2012: $2,769,511Liabilities 2012: $3,892,923Net Assets 2012: -$1,123,4122012Assets 2013: $2,341,575Liabilities 2013: $3,457,123Net Assets 2013: -$1,115,5482013Assets 2014: $2,369,932Liabilities 2014: $3,441,589Net Assets 2014: -$1,071,6572014Assets 2015: $2,354,678Liabilities 2015: $3,412,729Net Assets 2015: -$1,058,0512015Assets 2016: $2,267,556Liabilities 2016: $3,251,828Net Assets 2016: -$984,2722016Assets 2017: $2,345,787Liabilities 2017: $3,195,482Net Assets 2017: -$849,6952017Assets 2018: $2,470,483Liabilities 2018: $3,204,039Net Assets 2018: -$733,5562018Assets 2019: $2,482,523Liabilities 2019: $3,135,321Net Assets 2019: -$652,7982019Assets 2020: $2,572,449Liabilities 2020: $3,080,784Net Assets 2020: -$508,3352020Assets 2021: $2,587,565Liabilities 2021: $3,028,844Net Assets 2021: -$441,2792021Assets 2022: $2,711,661Liabilities 2022: $3,042,577Net Assets 2022: -$330,9162022Assets 2023: $2,858,030Liabilities 2023: $2,980,397Net Assets 2023: -$122,3672023Assets 2024: $3,048,978Liabilities 2024: $2,999,694Net Assets 2024: $49,2842024

Highlighted filing

2014

Assets$2,369,932
Liabilities$3,441,589
Net Assets-$1,071,657
Open 2014 Filing

Operations Trend

Revenue Growth41st percentile

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

$1.5M$1.0M$500K$0Expenses 2010: $1,011,0662010Expenses 2011: $1,072,8842011Expenses 2012: $1,250,3032012Revenue 2013: $913,542Expenses 2013: $879,195Net Income 2013: $34,3472013Revenue 2014: $920,504Expenses 2014: $887,744Net Income 2014: $32,7602014Revenue 2015: $936,386Expenses 2015: $921,845Net Income 2015: $14,5412015Revenue 2016: $963,084Expenses 2016: $871,773Net Income 2016: $91,3112016Revenue 2017: $1,052,980Expenses 2017: $918,403Net Income 2017: $134,5772017Revenue 2018: $1,070,692Expenses 2018: $954,553Net Income 2018: $116,1392018Revenue 2019: $1,086,168Expenses 2019: $1,005,410Net Income 2019: $80,7582019Revenue 2020: $1,106,724Expenses 2020: $962,261Net Income 2020: $144,4632020Revenue 2021: $1,134,988Expenses 2021: $1,067,932Net Income 2021: $67,0562021Revenue 2022: $1,205,924Expenses 2022: $1,095,561Net Income 2022: $110,3632022Revenue 2023: $1,261,493Expenses 2023: $1,052,944Net Income 2023: $208,5492023Revenue 2024: $1,295,838Expenses 2024: $1,124,187Net Income 2024: $171,6512024

Highlighted filing

2014

Revenue$920,504
Expenses$887,744
Net Income$32,760
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 12, 2015
Return Version
2014v5.0
Gross Receipts
$974,236
Mission and Program Overview

Mission

To provide rental units for elderly or handicapped persons

To provide sixty rental units of housing on a non-profit basis for elderly or handicapped persons to meet their physical, social and psychological needs

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,263,398$1,226,889▼ $36,509
Savings and Temporary Cash Investments$446,455$464,533▲ $18,078
Prepaid Expenses and Deferred Charges$14,633$14,865▲ $232
Cash and Non-Interest-Bearing Accounts$18,035$9,305▼ $8,730
Accounts Receivable$2,018$0▼ $2,018
Total Assets$2,341,575$2,369,932▲ $28,357
Other Assets Total$597,036$654,340▲ $57,304
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,313,607$3,276,346▼ $37,261
Accounts Payable and Accrued Expenses$103,950$110,026▲ $6,076
Other Liabilities$11,925$28,899▲ $16,974
Escrow Account Liability$24,653$25,403▲ $750
Deferred Revenue$2,988$915▼ $2,073
Total Liabilities$3,457,123$3,441,589▼ $15,534
Net Assets / Fund Balance
Unrestricted Net Assets$-1,115,548$-1,071,657▲ $43,891
Total Net Assets Fund Balance$-1,115,548$-1,071,657▲ $43,891
Total Liabilities and Net Assets / Fund Balance$2,341,575$2,369,932▲ $28,357

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,141,889$2,058,095$3,199,984
Land$85,000-$85,000
Equipment$0$21,821$21,821
Other Land Buildings$0$12,250$12,250
Other Assets Org$121,466--
Compensation and Service Providers
Top Officer Pay34th percentile

Board Members and Trustees

NameTitle
Thomas BaileyPresident
Margaret DillVice President
Donald BuckleyDirector
Joan NorrisDirector
Joseph HanniganDirector
Dorothy QuinnClerk
JOSEPH O'NEILLTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Corcoran Management CompanyManagement Services100 GRANDVIEW ROAD SUITE 207, Braintree, MA 02184$228,595
Revenue and Support

Revenue Composition

Contributions and Grants
$582,780
Program Service Revenue
$316,895
Investment Income
$14,801
Other Revenue
$6,028
Change in Net Assets
$32,760

Audited Revenue Reconciliation

Revenue per Audited Statements
$920,504
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$11,131
Total Revenue per Audited Statements
$931,635
Total Revenue per Form 990
$920,504
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$887,744
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
Occupancy$552,936--$552,936
Fees for Services Other$197,643--$197,643
Depreciation Depletion$55,447--$55,447
Fees for Services Management$36,224--$36,224
Office Expenses$30,439--$30,439
Fees for Services Accounting$13,770--$13,770
Advertising$805--$805
All Other Expenses$380--$380
Fees for Services Legal$81--$81
Other Expenses$19--$19
Total Functional Expenses$887,744$0$0$887,744

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$887,744
Total Expenses per Audited Statements$887,744
Total Expenses per Form 990$887,744
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Interest Payable$16,955
Excess Project Funds$11,944
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
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 corporation incurred a management fee of $36,224 for the year ended december 31, 2014, due to corcoran management company. The management fee is equal to 4% of effective rental revenue. The agreement is in effect until canceled by masshousing, the corporation or corcoran management company.”

Form 990, Part VI, Section B, Line 11

“The form 990 goes to the board president for signature”

Form 990, Part VI, Section C, Line 18

“UPON REQUEST”

Form 990, Part VI, Section C, Line 19

“Governing documents, financial statements and the form 990 are made available upon request. The organization does not currently have written policies related to conflicts of interest, whistleblower protection or document retention and destruction.”

Filing and Contact Details

Filer

Filer Name
Hanover Legion Elderly Housing
EIN
04-2707590
Phone
7818490011
Address
100 GRANDVIEW RD NO 207, BRAINTREE, MA 02184

Signing Officer

Name
Thomas Bailey
Title
President
Phone
7818490011
Signed
2015-05-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Bailey
Formed
1979
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Kevin P Martin Associates Pc
Address
10 FORBES WEST, BRAINTREE, MA 02184
Preparer
Kenneth Davin CPA
Phone
7813803520
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Management services: program service expenses 197,643. Management and general expenses 0. Fundraising expenses 0. Total expenses 197,643.”

Tangible Property Repair Regulations

“The taxpayer hereby adopts the final tangible property regulations contained therein treasury decisions, t.d. 9636 effective for the tax year 1/1/14 - 12/31/14.”

Financial Statement Notes

PART IV, LINE 2B:

“The escrow liability amounts of form 990, part x, line 21 consist of tenant security deposits, which are held in a separate bank account. The deposits are refunded to the tenant upon termination of the lease.”

PART X, LINE 2:

“Gaap prescribes a recognition threshold and measurement attribute for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. For the year ended december 31, 2014, the corporation has determined that it has not taken any tax positions which would result in an uncertainty requiring recognition in the accompanying financial statements. The corporation recognizes interest and penalties, if any, related to unrecognized tax benefits in interest expense. Generally, the corporation's information returns remain open for possible federal income tax examination for three years from the filing date. The project is not currently under examination by any taxing jurisdiction.”

Raw XML AppendixShowing 400 of 441 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/PrincipalOfficerNm0THOMAS BAILEY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENT INCOME TENANTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0316895
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0316895
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0182014
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt017912
IRS990/PYOtherExpensesAmt0879195
IRS990/PYOtherRevenueAmt06147
IRS990/PYProgramServiceRevenueAmt0707469
IRS990/PYRevenuesLessExpensesAmt034347
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0879195
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0913542
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt032760
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0322923
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0446455
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0464533
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0582780
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0182014
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0567791
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0776488
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0730164
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02839237
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0808
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0990
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02024
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01632
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt011423
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt016877
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01897276
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt06028
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt06147
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt06251
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt018169
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt06441
IRS990ScheduleA/OtherIncome170Grp/TotalAmt043036
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97930
IRS990ScheduleA/PublicSupportPY170Pct00.96850
IRS990ScheduleA/PublicSupportTotal170Amt02839237
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0582780
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0182014
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0567791
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0776488
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0730164
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02839237
IRS990ScheduleA/TotalSupportAmt02899150
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/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01141889
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02058095
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03199984
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt021821
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt021821
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0887744
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt085000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt085000
IRS990ScheduleD/NetUnrealizedGainsInvstAmt011131
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0125417
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1353798
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt226715
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt326944
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt4121466
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TAX AND INSURANCE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1RESERVE FOR REPLACEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4FINANCING FEES, NET OF ACCUMULATED AMORTIZATION
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt012250
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt012250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt011944
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt116955
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0EXCESS PROJECT FUNDS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST PAYABLE
IRS990ScheduleD/RevenueNotReportedAmt011131
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0920504
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ESCROW LIABILITY AMOUNTS OF FORM 990, PART X, LINE 21 CONSIST OF TENANT SECURITY DEPOSITS, WHICH ARE HELD IN A SEPARATE BANK ACCOUNT. THE DEPOSITS ARE REFUNDED TO THE TENANT UPON TERMINATION OF THE LEASE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GAAP PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. FOR THE YEAR ENDED DECEMBER 31, 2014, THE CORPORATION HAS DETERMINED THAT IT HAS NOT TAKEN ANY TAX POSITIONS WHICH WOULD RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE CORPORATION RECOGNIZES INTEREST AND PENALTIES, IF ANY, RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE. GENERALLY, THE CORPORATION'S INFORMATION RETURNS REMAIN OPEN FOR POSSIBLE FEDERAL INCOME TAX EXAMINATION FOR THREE YEARS FROM THE FILING DATE. THE PROJECT IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01226889
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0654340
IRS990ScheduleD/TotalExpensesPerForm990Amt0887744
IRS990ScheduleD/TotalLiabilityAmt028899
IRS990ScheduleD/TotalRevenuePerForm990Amt0920504
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0931635
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0887744
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION INCURRED A MANAGEMENT FEE OF $36,224 FOR THE YEAR ENDED DECEMBER 31, 2014, DUE TO CORCORAN MANAGEMENT COMPANY. THE MANAGEMENT FEE IS EQUAL TO 4% OF EFFECTIVE RENTAL REVENUE. THE AGREEMENT IS IN EFFECT UNTIL CANCELED BY MASSHOUSING, THE CORPORATION OR CORCORAN MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 GOES TO THE BOARD PRESIDENT FOR SIGNATURE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND THE FORM 990 ARE MADE AVAILABLE UPON REQUEST. THE ORGANIZATION DOES NOT CURRENTLY HAVE WRITTEN POLICIES RELATED TO CONFLICTS OF INTEREST, WHISTLEBLOWER PROTECTION OR DOCUMENT RETENTION AND DESTRUCTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MANAGEMENT SERVICES: PROGRAM SERVICE EXPENSES 197,643. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 197,643.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE TAXPAYER HEREBY ADOPTS THE FINAL TANGIBLE PROPERTY REGULATIONS CONTAINED THEREIN TREASURY DECISIONS, T.D. 9636 EFFECTIVE FOR THE TAX YEAR 1/1/14 - 12/31/14.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5TANGIBLE PROPERTY REPAIR REGULATIONS
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02341575
IRS990/TotalAssetsEOYAmt02369932
IRS990/TotalAssetsGrp/BOYAmt02341575
IRS990/TotalAssetsGrp/EOYAmt02369932
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0582780
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0887744
IRS990/TotalFunctionalExpensesGrp/TotalAmt0887744
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03457123
IRS990/TotalLiabilitiesEOYAmt03441589
IRS990/TotalLiabilitiesGrp/BOYAmt03457123
IRS990/TotalLiabilitiesGrp/EOYAmt03441589
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1115548
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1071657
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0887744
IRS990/TotalProgramServiceRevenueAmt0316895
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt014801
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0322923
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0920504
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02341575
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02369932
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,369,932
Liabilities
$3,441,589
Net assets
-$1,071,657
Revenue
$920,504
Expenses
$887,744
Net income
$32,760
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.05$3.00$0.05$1.30$1.12$0.17
2023Detailed filing. Detailed filing data is available for this year.$2.86$2.98$0.12$1.26$1.05$0.21
2022Detailed filing. Detailed filing data is available for this year.$2.71$3.04$0.33$1.21$1.10$0.11
2021Detailed filing. Detailed filing data is available for this year.$2.59$3.03$0.44$1.13$1.07$0.07
2020Detailed filing. Detailed filing data is available for this year.$2.57$3.08$0.51$1.11$0.96$0.14
2019Detailed filing. Detailed filing data is available for this year.$2.48$3.14$0.65$1.09$1.01$0.08
2018Detailed filing. Detailed filing data is available for this year.$2.47$3.20$0.73$1.07$0.95$0.12
2017Detailed filing. Detailed filing data is available for this year.$2.35$3.20$0.85$1.05$0.92$0.13
2016Detailed filing. Detailed filing data is available for this year.$2.27$3.25$0.98$0.96$0.87$0.09
2015Detailed filing. Detailed filing data is available for this year.$2.35$3.41$1.06$0.94$0.92$0.01
2014Detailed filing. Detailed filing data is available for this year.$2.37$3.44$1.07$0.92$0.89$0.03
2013Detailed filing. Detailed filing data is available for this year.$2.34$3.46$1.12$0.91$0.88$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.77$3.89$1.12$1.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.77$3.55$0.78$1.07
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.75$3.56$0.81$1.01