Civic Intelligence

Amesbury Gardens Tenants Association Inc.

EIN 04-3182608 • 501(c)3 • Lawrence, MA

Pub. 78 Eligible

Profile

To improve the physical and social conditions of the amesbury gardensaffordable housing apartment project.

198 Amesbury StreetLawrence, MA 01841

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

45th percentile

0.04x

Higher debt load relative to assets than 45% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

55th percentile

0.10x

Higher debt load relative to revenue than 55% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

39th percentile

0.2%

Higher net margin than 39% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

40th percentile

0.3%

Faster asset growth than 40% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

41st percentile

2.2%

Faster revenue growth than 41% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Up

$4,858,660

Up $12,796 (+0.3%) from 2024

Liabilities

Up

$194,135

Up $9,779 (+5.3%) from 2024

Net Assets

Up

$4,664,525

Up $3,017 (+0.1%) from 2024

Revenue

Up

$1,943,160

Up $40,969 (+2.2%) from 2024

Expenses

Up

$1,940,143

Up $118,151 (+6.5%) from 2024

Net Income

Down

$3,017

Down $77,182 (-96%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $6,072,120Liabilities 2011: $253,312Net Assets 2011: $5,818,8082011Assets 2012: $6,288,899Liabilities 2012: $358,967Net Assets 2012: $5,929,9322012Assets 2013: $6,032,815Liabilities 2013: $213,499Net Assets 2013: $5,819,3162013Assets 2014: $6,112,304Liabilities 2014: $365,384Net Assets 2014: $5,746,9202014Assets 2015: $5,793,887Liabilities 2015: $196,072Net Assets 2015: $5,597,8152015Assets 2016: $5,660,799Liabilities 2016: $165,599Net Assets 2016: $5,495,2002016Assets 2017: $5,540,381Liabilities 2017: $211,667Net Assets 2017: $5,328,7142017Assets 2018: $5,317,309Liabilities 2018: $370,213Net Assets 2018: $4,947,0962018Assets 2019: $5,013,542Liabilities 2019: $201,448Net Assets 2019: $4,812,0942019Assets 2020: $5,132,810Liabilities 2020: $402,373Net Assets 2020: $4,730,4372020Assets 2021: $4,809,021Liabilities 2021: $164,602Net Assets 2021: $4,644,4192021Assets 2022: $4,646,183Liabilities 2022: $168,780Net Assets 2022: $4,477,4032022Assets 2023: $4,777,794Liabilities 2023: $196,485Net Assets 2023: $4,581,3092023Assets 2024: $4,845,864Liabilities 2024: $184,356Net Assets 2024: $4,661,5082024Assets 2025: $4,858,660Liabilities 2025: $194,135Net Assets 2025: $4,664,5252025

Highlighted filing

2025

Assets$4,858,660
Liabilities$194,135
Net Assets$4,664,525

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,417,6282011Expenses 2012: $1,355,3392012Revenue 2013: $1,479,332Expenses 2013: $1,589,948Net Income 2013: -$110,6162013Revenue 2014: $1,478,507Expenses 2014: $1,550,903Net Income 2014: -$72,3962014Revenue 2015: $1,548,781Expenses 2015: $1,697,886Net Income 2015: -$149,1052015Revenue 2016: $1,515,478Expenses 2016: $1,618,093Net Income 2016: -$102,6152016Revenue 2017: $1,532,999Expenses 2017: $1,699,485Net Income 2017: -$166,4862017Revenue 2018: $1,637,930Expenses 2018: $2,019,548Net Income 2018: -$381,6182018Revenue 2019: $1,656,923Expenses 2019: $1,791,925Net Income 2019: -$135,0022019Revenue 2020: $1,669,811Expenses 2020: $1,751,468Net Income 2020: -$81,6572020Revenue 2021: $1,689,577Expenses 2021: $1,775,595Net Income 2021: -$86,0182021Revenue 2022: $1,745,597Expenses 2022: $1,912,613Net Income 2022: -$167,0162022Revenue 2023: $1,876,575Expenses 2023: $1,772,669Net Income 2023: $103,9062023Revenue 2024: $1,902,191Expenses 2024: $1,821,992Net Income 2024: $80,1992024Revenue 2025: $1,943,160Expenses 2025: $1,940,143Net Income 2025: $3,0172025

Highlighted filing

2025

Revenue$1,943,160
Expenses$1,940,143
Net Income$3,017

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.86$0.19$4.66$1.94$1.94$0.00
2024Detailed filing. Detailed filing data is available for this year.$4.85$0.18$4.66$1.90$1.82$0.08
2023Detailed filing. Detailed filing data is available for this year.$4.78$0.20$4.58$1.88$1.77$0.10
2022Detailed filing. Detailed filing data is available for this year.$4.65$0.17$4.48$1.75$1.91$0.17
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.81$0.16$4.64$1.69$1.78$0.09
2020Detailed filing. Detailed filing data is available for this year.$5.13$0.40$4.73$1.67$1.75$0.08
2019Detailed filing. Detailed filing data is available for this year.$5.01$0.20$4.81$1.66$1.79$0.14
2018Detailed filing. Detailed filing data is available for this year.$5.32$0.37$4.95$1.64$2.02$0.38
2017Detailed filing. Detailed filing data is available for this year.$5.54$0.21$5.33$1.53$1.70$0.17
2016Detailed filing. Detailed filing data is available for this year.$5.66$0.17$5.50$1.52$1.62$0.10
2015Detailed filing. Detailed filing data is available for this year.$5.79$0.20$5.60$1.55$1.70$0.15
2014Detailed filing. Detailed filing data is available for this year.$6.11$0.37$5.75$1.48$1.55$0.07
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.03$0.21$5.82$1.48$1.59$0.11
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.29$0.36$5.93$1.36
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.07$0.25$5.82$1.42
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2024 to Sep 30, 2025
Signed
Mar 4, 2026
Return Version
2024v5.5
Gross Receipts
$1,943,160
Mission and Program Overview

Mission

To improve the physical and social conditions of the amesbury gardensaffordable housing apartment project.

To improve the physical and social conditions of the amesbury gardens affordable housing apartment project.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,981,307$2,764,327▼ $216,980
Cash and Non-Interest-Bearing Accounts$599,291$678,845▲ $79,554
Prepaid Expenses and Deferred Charges$71,356$75,639▲ $4,283
Accounts Receivable$6,023$7,479▲ $1,456
Total Assets$4,845,864$4,858,660▲ $12,796
Other Assets Total$1,187,887$1,332,370▲ $144,483
Liabilities
Accounts Payable and Accrued Expenses$90,953$101,875▲ $10,922
Escrow Account Liability$82,877$83,776▲ $899
Deferred Revenue$10,526$8,484▼ $2,042
Total Liabilities$184,356$194,135▲ $9,779
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$4,661,508$4,664,525▲ $3,017
Total Net Assets Fund Balance$4,661,508$4,664,525▲ $3,017
Total Liabilities and Net Assets / Fund Balance$4,845,864$4,858,660▲ $12,796

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,407,864$7,051,279$9,459,143
Equipment$160,463$439,023$599,486
Land$196,000-$196,000
Other Assets Org$94,354--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Iris OrtizPresident
Iris DiazClerk
Iris MoralesClerk
Pasty NavarreteClerk
Edwin AcostaSecretary
Imarilys GonzalesTreasurer
Hilda CoraVice Presidnet

Highest Paid Contractors

ContractorServicesLocationCompensation
Maloney PropertiesProperty Management27 MICA LANE STE 300, Wellesley, MA 02481$115,072
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,918,596
Investment Income
$403
Other Revenue
$24,161
Change in Net Assets
$3,017

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,943,160
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,943,160
Total Revenue per Form 990
$1,943,160
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,940,143
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$460,162--$460,162
Fees for Services Management$439,925--$439,925
Depreciation Depletion$269,354--$269,354
Office Expenses$266,364--$266,364
Insurance$132,527--$132,527
Fees for Services Accounting-$24,170-$24,170
Other Expenses$7,643--$7,643
Fees for Services Legal$3,104--$3,104
Total Functional Expenses$1,915,973$24,170$0$1,940,143

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,940,143
Total Expenses per Audited Statements$1,940,143
Total Expenses per Form 990$1,940,143
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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 maloney properties, inc.

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

A copy of the form 990 is made available to the board.

Form 990, Part VI, Section C, Line 19

These documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Amesbury Gardens Tenants
EIN
04-3182608
Phone
9786898033
Address
198 AMESBURY STREET, LAWRENCE, MA 01841

Signing Officer

Name
Iris Ortiz
Title
President
Phone
9786898033
Signed
2026-03-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Iris Ortiz
Formed
1993
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Cohnreznick Advisory LLC
Address
ONE POST OFFICE SQUARE SUITE 2950, BOSTON, MA 02109
Preparer
Lori Rothe Yokobosky
Phone
6176481400
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

The organization maintaines security deposits as required by state law.

PART X, LINE 2:

No provision has been made for income taxes since the corporation was formed as a tax-exempt organization and has been granted section 501(c)(3) status by the internal revenue service and there was no unrelated business income for the year ended september 30, 2025. Due to its taxexempt status, the corporation is not subject to income taxes. The corporation is required to file and does file tax returns with the internal revenue service and other taxing authorities. Accordingly, these financial statements do not reflect a provision for income taxes and the corporation has no other tax positions which must be considered for disclosure. All activity of amesbury gardens apartments is reported on the corporation's tax return. Income tax returns filed by the corporation are subject to examination by the internal revenue service for a period of three years. While no income tax returns are currently being examined by the internal revenue service, tax years since 2021 remain open.

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IRS990/OtherExpensesGrp/TotalAmt27643
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/BusinessCd2531390
IRS990/OtherRevenueMiscGrp/Desc0MANAGEMENT FEE OVERPAY
IRS990/OtherRevenueMiscGrp/Desc1LAUNDRY AND VENDING
IRS990/OtherRevenueMiscGrp/Desc2TENANT CHARGES
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt011757
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt111352
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt2622
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt011757
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt111352
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt2622
IRS990/OtherRevenueTotalAmt024161
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt071356
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt075639
IRS990/PrincipalOfficerNm0IRIS ORTIZ
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01918596
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01918596
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0447
IRS990/PYOtherExpensesAmt01821992
IRS990/PYOtherRevenueAmt012502
IRS990/PYProgramServiceRevenueAmt01889242
IRS990/PYRevenuesLessExpensesAmt080199
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01821992
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01902191
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt03017
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01942757
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0LAUNDRY AND VENDING - 2020 AMOUNT: $ 10,865. 2021 AMOUNT: $ 10,338. 2022 AMOUNT: $ 10,261. 2023 AMOUNT: $ 11,373. 2024 AMOUNT: $ 11,352. TENANT CHARGES - 2020 AMOUNT: $ 965. 2021 AMOUNT: $ 834. 2022 AMOUNT: $ 603. 2023 AMOUNT: $ 855. 2024 AMOUNT: $ 622. MISCELLANEOUS - 2020 AMOUNT: $ 2,445. 2021 AMOUNT: $ 951. 2022 AMOUNT: $ 12,968. 2023 AMOUNT: $ 274. 2024 AMOUNT: $ 430. MANAGEMENT FEE OVERPAYMENT REFUND - 2024 AMOUNT: $ 11,757.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0403
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0447
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0412
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0220
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0426
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01908
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01918596
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01889242
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01852331
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01733254
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01674876
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt09068299
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0403
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0447
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0412
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0220
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0426
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01908
IRS990ScheduleA/InvestmentIncomeCYPct00.00020
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt024161
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt012502
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt023832
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt012123
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt014275
IRS990ScheduleA/OtherIncome509Grp/TotalAmt086893
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99030
IRS990ScheduleA/PublicSupportPY509Pct00.99120
IRS990ScheduleA/PublicSupportTotal509Amt09068299
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01918596
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01889242
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01852331
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01733254
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01674876
IRS990ScheduleA/Total509Grp/TotalAmt09068299
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01943160
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01902191
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01876575
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01745597
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01689577
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt09157100
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02407864
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07051279
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt09459143
IRS990ScheduleD/EquipmentGrp/BookValueAmt0160463
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0439023
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0599486
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01940143
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0196000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0196000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0883791
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1354225
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt294354
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVE FOR REPLACEMENT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1MORTGAGE ESCROW DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01943160
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION MAINTAINES SECURITY DEPOSITS AS REQUIRED BY STATE LAW.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1NO PROVISION HAS BEEN MADE FOR INCOME TAXES SINCE THE CORPORATION WAS FORMED AS A TAX-EXEMPT ORGANIZATION AND HAS BEEN GRANTED SECTION 501(C)(3) STATUS BY THE INTERNAL REVENUE SERVICE AND THERE WAS NO UNRELATED BUSINESS INCOME FOR THE YEAR ENDED SEPTEMBER 30, 2025. DUE TO ITS TAXEXEMPT STATUS, THE CORPORATION IS NOT SUBJECT TO INCOME TAXES. THE CORPORATION IS REQUIRED TO FILE AND DOES FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE CORPORATION HAS NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. ALL ACTIVITY OF AMESBURY GARDENS APARTMENTS IS REPORTED ON THE CORPORATION'S TAX RETURN. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2021 REMAIN OPEN.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02764327
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01332370
IRS990ScheduleD/TotalExpensesPerForm990Amt01940143
IRS990ScheduleD/TotalRevenuePerForm990Amt01943160
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01943160
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01940143
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION DELEGATES MANAGEMENT RESPONSIBILITIES TO MALONEY PROPERTIES, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE FORM 990 IS MADE AVAILABLE TO THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THESE DOCUMENTS ARE 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/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04845864
IRS990/TotalAssetsEOYAmt04858660
IRS990/TotalAssetsGrp/BOYAmt04845864
IRS990/TotalAssetsGrp/EOYAmt04858660
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024170
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01915973
IRS990/TotalFunctionalExpensesGrp/TotalAmt01940143
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0184356
IRS990/TotalLiabilitiesEOYAmt0194135
IRS990/TotalLiabilitiesGrp/BOYAmt0184356
IRS990/TotalLiabilitiesGrp/EOYAmt0194135
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04661508
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04664525
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01915973
IRS990/TotalProgramServiceRevenueAmt01918596
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0403
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01942757
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01943160
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04845864
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04858660
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0198 AMESBURY STREET
IRS990/USAddress/CityNm0LAWRENCE
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001841
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0N/A

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