Civic Intelligence

Low Cost Tenants Association

EIN 04-3220310 • 501(c)3 • Boston, MA

Profile

To provide assistance in creating housing for low and middle income persons in the south end of boston

163 W Springfield StreetBoston, MA 02118

n/A

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.64x

Higher debt load relative to assets than 82% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

99th percentile

38.54x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

83rd percentile

35%

Higher net margin than 83% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

17th percentile

$0

Higher top officer pay than 17% of similar nonprofits.

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

501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

40th percentile

2.1%

Faster asset growth than 40% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

4th percentile

-50%

Faster revenue growth than 4% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets82nd percentile

Assets

Up

$12,885,184

Up $265,874 (+2.1%) from 2019

Liabilities

Down

$8,244,504

Down $472,702 (-5.4%) from 2019

Net Assets

Up

$4,640,680

Up $738,576 (+19%) from 2019

Operations
Liabilities / Revenue99th percentileNet Margin83rd percentile

Revenue

Down

$213,897

Down $212,802 (-50%) from 2019

Expenses

Up

$138,624

Up $7,017 (+5.3%) from 2019

Net Income

Down

$75,273

Down $219,819 (-74%) from 2019

Trend Graphs

Balance Sheet Trend

Asset Growth40th percentile

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

$15M$10M$5.0M$0Assets 2010: $3,587,230Liabilities 2010: $227,416Net Assets 2010: $3,359,8142010Assets 2011: $11,494,356Liabilities 2011: $8,193,839Net Assets 2011: $3,300,5172011Assets 2012: $11,721,481Liabilities 2012: $8,317,388Net Assets 2012: $3,404,0932012Assets 2013: $11,811,735Liabilities 2013: $8,272,098Net Assets 2013: $3,539,6372013Assets 2014: $11,808,968Liabilities 2014: $8,380,809Net Assets 2014: $3,428,1592014Assets 2015: $11,698,291Liabilities 2015: $8,386,713Net Assets 2015: $3,311,5782015Assets 2016: $11,961,485Liabilities 2016: $8,240,289Net Assets 2016: $3,721,1962016Assets 2017: $12,299,052Liabilities 2017: $8,270,182Net Assets 2017: $4,028,8702017Assets 2018: $12,510,065Liabilities 2018: $8,308,148Net Assets 2018: $4,201,9172018Assets 2019: $12,619,310Liabilities 2019: $8,717,206Net Assets 2019: $3,902,1042019Assets 2020: $12,885,184Liabilities 2020: $8,244,504Net Assets 2020: $4,640,6802020

Highlighted filing

2020

Assets$12,885,184
Liabilities$8,244,504
Net Assets$4,640,680
Open 2020 Filing

Operations Trend

Revenue Growth4th percentile

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

$600K$400K$200K$0-$200KRevenue 2010: $106,108Expenses 2010: $58,084Net Income 2010: $48,0242010Expenses 2011: $97,8752011Revenue 2012: $131,405Expenses 2012: $95,996Net Income 2012: $35,4092012Revenue 2013: $157,324Expenses 2013: $95,344Net Income 2013: $61,9802013Revenue 2014: -$40,196Expenses 2014: $74,035Net Income 2014: -$114,2312014Revenue 2015: $30,703Expenses 2015: $92,193Net Income 2015: -$61,4902015Revenue 2016: $516,889Expenses 2016: $84,812Net Income 2016: $432,0772016Revenue 2017: $328,244Expenses 2017: $87,961Net Income 2017: $240,2832017Revenue 2018: $411,055Expenses 2018: $112,873Net Income 2018: $298,1822018Revenue 2019: $426,699Expenses 2019: $131,607Net Income 2019: $295,0922019Revenue 2020: $213,897Expenses 2020: $138,624Net Income 2020: $75,2732020

Highlighted filing

2020

Revenue$213,897
Expenses$138,624
Net Income$75,273
Open 2020 Filing

Filings

Most recent year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$12,885,184
Liabilities
$8,244,504
Net assets
$4,640,680
Revenue
$213,897
Expenses
$138,624
Net income
$75,273
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Detailed filing. Detailed filing data is available for this year.$12.9$8.24$4.64$0.21$0.14$0.08
2019Detailed filing. Detailed filing data is available for this year.$12.6$8.72$3.90$0.43$0.13$0.30
2018Detailed filing. Detailed filing data is available for this year.$12.5$8.31$4.20$0.41$0.11$0.30
2017Detailed filing. Detailed filing data is available for this year.$12.3$8.27$4.03$0.33$0.09$0.24
2016Detailed filing. Detailed filing data is available for this year.$12.0$8.24$3.72$0.52$0.08$0.43
2015Detailed filing. Detailed filing data is available for this year.$11.7$8.39$3.31$0.03$0.09$0.06
2014Detailed filing. Detailed filing data is available for this year.$11.8$8.38$3.43$0.04$0.07$0.11
2013Detailed filing. Detailed filing data is available for this year.$11.8$8.27$3.54$0.16$0.10$0.06
2012Summary only. Only limited summary data is available for this year.$11.7$8.32$3.40$0.13$0.10$0.04
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.5$8.19$3.30$0.10
2010Summary only. Only limited summary data is available for this year.$3.59$0.23$3.36$0.11$0.06$0.05
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 5, 2021
Return Version
2020v4.1
Gross Receipts
$2,780,240
Mission and Program Overview

Mission

To provide assistance in creating housing for low and middle income persons in the south end of boston

To provide affordable housing for persons of low and moderate income in the south end section of the city of boston, massachusetts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,388,788$7,322,415▼ $66,373
Investments in Publicly Traded Securities$2,420,759$2,718,220▲ $297,461
Savings and Temporary Cash Investments$1,608,999$1,583,830▼ $25,169
Cash and Non-Interest-Bearing Accounts$1,132,198$1,144,695▲ $12,497
Accounts Receivable$58,012$97,752▲ $39,740
Prepaid Expenses and Deferred Charges$10,554$18,272▲ $7,718
Total Assets$12,619,310$12,885,184▲ $265,874
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,528,436$8,123,524▼ $404,912
Accounts Payable and Accrued Expenses$149,432$79,491▼ $69,941
Deferred Revenue$39,338$41,489▲ $2,151
Total Liabilities$8,717,206$8,244,504▼ $472,702
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,667,520$4,435,418▲ $767,898
Net Assets With Donor Restrictions$234,584$205,262▼ $29,322
Total Net Assets Fund Balance$3,902,104$4,640,680▲ $738,576
Total Liabilities and Net Assets / Fund Balance$12,619,310$12,885,184▲ $265,874

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,210,542$1,495,334$7,705,876
Land$1,017,793-$1,017,793
Other Land Buildings$45,500$19,502$65,002
Equipment$48,580$13,374$61,954
Compensation and Service Providers
Top Officer Pay17th percentile

Board Members and Trustees

NameTitle
Jean NianePresident
Marlene BaskervilleVice President
Keith J BranchDirector
Nathanel Crooms-smithDirector
Maryline MuldrowClerk
Ruby ColemanTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$96,102
Other Revenue
$117,795
Change in Net Assets
$75,273
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$138,624
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$14,661--$14,661
Depreciation Depletion$13,001--$13,001
Fees for Services Accounting-$10,000-$10,000
Other Expenses$81,367$2,602-$2,602
Office Expenses-$878-$878
Total Functional Expenses$109,029$29,595$0$138,624
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
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The president of the board of directors reviews the form 990 and presents a copy of the form 990 to the board for their review.”

Form 990, Part VI, Section B, Line 15

“The organization does not have any employees, therefore question 15 is not applicable.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents and financial statemetns available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Low Cost Tenants Association
EIN
04-3220310
Phone
6172471445
Address
163 W SPRINGFIELD STREET, BOSTON, MA 02118

Signing Officer

Name
Ruby Coleman
Title
Treasurer
Phone
6172471445
Signed
2021-11-05

Organization Details

Principal Officer
Jean Niane
Formed
1994
Legal Domicile
Ma
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Daniel Dennis & Company Llp
Address
990 WASHINGTON STREET SUITE 308A, DEDHAM, MA 02026
Preparer
Andy Bacigalupo CPA
Phone
6172629898
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Adjustments to correct the beginning net asset balance 489,679.”

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from federal income taxes under section 501(c)(3) of the internal revenue code, and is exempt from state income taxes under chapter 180 of the massachusetts general laws. Unrelated business income, of which there was none for 2020, would be subject to federal and state income taxes. Consequently, the accompanying financial statements do not reflect any provision for income taxes. The organization evaluates tax positions taken or expected to be taken in its tax returns to determine whether the tax positions are more-likely-than-not of being sustained by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold, along with accrued interest and penalty thereon would be recorded as an expense in the current year financial statements. At december 31, 2020, the organization believes that it has no uncertain tax positions within any of its open tax years.”

Raw XML AppendixShowing 400 of 415 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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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02188290
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02159175
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt011051282
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt030039
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0627487
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IRS990ScheduleA/PublicSupportPY509Pct00.94760
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt011678769
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt01495334
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07705876
IRS990ScheduleD/EquipmentGrp/BookValueAmt048580
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013374
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01017793
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt045500
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt019502
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt065002
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IS EXEMPT FROM STATE INCOME TAXES UNDER CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS. UNRELATED BUSINESS INCOME, OF WHICH THERE WAS NONE FOR 2020, WOULD BE SUBJECT TO FEDERAL AND STATE INCOME TAXES. CONSEQUENTLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT ANY PROVISION FOR INCOME TAXES. THE ORGANIZATION EVALUATES TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN ITS TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE-LIKELY-THAN-NOT OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD, ALONG WITH ACCRUED INTEREST AND PENALTY THEREON WOULD BE RECORDED AS AN EXPENSE IN THE CURRENT YEAR FINANCIAL STATEMENTS. AT DECEMBER 31, 2020, THE ORGANIZATION BELIEVES THAT IT HAS NO UNCERTAIN TAX POSITIONS WITHIN ANY OF ITS OPEN TAX YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07322415
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PRESIDENT OF THE BOARD OF DIRECTORS REVIEWS THE FORM 990 AND PRESENTS A COPY OF THE FORM 990 TO THE BOARD FOR THEIR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES, THEREFORE QUESTION 15 IS NOT APPLICABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMETNS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ADJUSTMENTS TO CORRECT THE BEGINNING NET ASSET BALANCE 489,679.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9:
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IRS990ScheduleR/AssetSaleToOtherOrgInd00
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IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0BROWNSTONE APARTMENTS LLC CO LOW COST TENANTS' ASSOCIATION INC
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IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0AFFORDABLE HOUSING
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IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0163 WEST SPRINGFIELD ST
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IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0RUBY COLEMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06172471445
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-11-05
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