Civic Intelligence

Southeastern Massachusetts Affordable Housing Corporation

990 • Fiscal year 2018 • EIN 04-3322638

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 07, 2019

45 Goddard RoadBrockton, MA 02301

(508) 588-6880

Siviq Scores

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

Liabilities / Assets

76th percentile

0.49x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

94th percentile

4.78x

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

65th percentile

8.9%

Higher net margin than 65% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

56th percentile

3.3%

Faster asset growth than 56% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

64th percentile

10%

Faster revenue growth than 64% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$6,246,160

Up $197,183 (+3.3%) from 2017

Net Assets

Up

$3,162,269

Up $57,759 (+1.9%) from 2017

Liabilities

Up

$3,083,891

Up $139,424 (+4.7%) from 2017

Revenue

Up

$645,718

Up $60,194 (+10%) from 2017

Expenses

Down

$587,960

Down $14,777 (-2.5%) from 2017

Net Income

Up

$57,758

Up $74,971 (+436%) from 2017

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $4,587,958Liabilities 2010: $2,968,319Net Assets 2010: $1,619,6392010Assets 2011: $5,133,891Liabilities 2011: $3,068,526Net Assets 2011: $2,065,3652011Assets 2012: $5,776,485Liabilities 2012: $3,180,802Net Assets 2012: $2,595,6832012Assets 2013: $6,367,344Liabilities 2013: $3,125,248Net Assets 2013: $3,242,0962013Assets 2014: $6,183,639Liabilities 2014: $3,005,923Net Assets 2014: $3,177,7162014Assets 2015: $5,996,900Liabilities 2015: $2,836,008Net Assets 2015: $3,160,8922015Assets 2016: $6,233,653Liabilities 2016: $3,111,930Net Assets 2016: $3,121,7232016Assets 2017: $6,048,977Liabilities 2017: $2,944,467Net Assets 2017: $3,104,5102017Assets 2018: $6,246,160Liabilities 2018: $3,083,891Net Assets 2018: $3,162,2692018Assets 2019: $6,109,387Liabilities 2019: $2,740,443Net Assets 2019: $3,368,9442019Assets 2020: $6,130,674Liabilities 2020: $2,632,991Net Assets 2020: $3,497,6832020Assets 2021: $6,074,909Liabilities 2021: $2,592,478Net Assets 2021: $3,482,4312021Assets 2022: $5,957,717Liabilities 2022: $2,482,635Net Assets 2022: $3,475,0822022Assets 2023: $6,109,593Liabilities 2023: $2,386,356Net Assets 2023: $3,723,2372023Assets 2024: $6,284,033Liabilities 2024: $2,335,458Net Assets 2024: $3,948,5752024

Highlighted filing

2018

Assets$6,246,160
Liabilities$3,083,891
Net Assets$3,162,269

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $217,9362010Expenses 2011: $316,5512011Expenses 2012: $442,0822012Revenue 2013: $1,142,350Expenses 2013: $495,937Net Income 2013: $646,4132013Revenue 2014: $1,096,265Expenses 2014: $1,060,643Net Income 2014: $35,6222014Revenue 2015: $622,260Expenses 2015: $639,084Net Income 2015: -$16,8242015Revenue 2016: $602,008Expenses 2016: $641,177Net Income 2016: -$39,1692016Revenue 2017: $585,524Expenses 2017: $602,737Net Income 2017: -$17,2132017Revenue 2018: $645,718Expenses 2018: $587,960Net Income 2018: $57,7582018Revenue 2019: $883,355Expenses 2019: $676,680Net Income 2019: $206,6752019Revenue 2020: $771,791Expenses 2020: $643,052Net Income 2020: $128,7392020Revenue 2021: $566,801Expenses 2021: $582,053Net Income 2021: -$15,2522021Revenue 2022: $694,826Expenses 2022: $702,175Net Income 2022: -$7,3492022Revenue 2023: $910,378Expenses 2023: $662,223Net Income 2023: $248,1552023Revenue 2024: $948,931Expenses 2024: $723,593Net Income 2024: $225,3382024

Highlighted filing

2018

Revenue$645,718
Expenses$587,960
Net Income$57,758
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 7, 2019
Return Version
2018v3.1
Gross Receipts
$645,718
Mission and Program Overview

Mission

Provide housing for low to moderate income people as defined by the department of housing and urban development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,419,515$5,240,427▼ $179,088
Cash and Non-Interest-Bearing Accounts$388,651$670,895▲ $282,244
Prepaid Expenses and Deferred Charges$30,016$29,591▼ $425
Accounts Receivable$3,825$1,766▼ $2,059
Total Assets$6,048,977$6,246,160▲ $197,183
Other Assets Total$206,970$303,481▲ $96,511
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,855,474$2,782,558▼ $72,916
Deferred Revenue$109$204,321▲ $204,212
Accounts Payable and Accrued Expenses$88,884$96,065▲ $7,181
Other Liabilities$0$947▲ $947
Total Liabilities$2,944,467$3,083,891▲ $139,424
Net Assets / Fund Balance
Unrestricted Net Assets$3,104,510$3,162,269▲ $57,759
Total Net Assets Fund Balance$3,104,510$3,162,269▲ $57,759
Total Liabilities and Net Assets / Fund Balance$6,048,977$6,246,160▲ $197,183

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,174,629$1,376,625$5,551,254
Land$1,060,417-$1,060,417
Other Land Buildings$5,381$23,966$29,347
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$424,789
Program Service Revenue
$219,236
Investment Income
$1,693
Other Revenue
$0
Change in Net Assets
$57,758

Audited Revenue Reconciliation

Revenue per Audited Statements
$645,718
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$645,718
Total Revenue per Form 990
$645,718
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$587,960
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$207,103--$207,103
Depreciation Depletion$191,295--$191,295
Interest$91,244--$91,244
Fees for Services Management-$81,029-$81,029
Fees for Services Accounting-$9,000-$9,000
Office Expenses-$6,327-$6,327
Fees for Services Legal-$1,407-$1,407
Travel-$555-$555
Total Functional Expenses$489,642$98,318$0$587,960

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$587,961
Total Expenses per Audited Statements$587,961
Total Expenses per Form 990$587,961
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
Prepaid Rent$947
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization entered into a management agreement with the brockton housing authority (bha) under which the bha will provide both ongoing operating management services and construction management services to the organization. Under the terms of the agreement, the organization will pay a management fee equal to 11% of gross revenue associated with the rent of dwelling units. A portion of the fee, 4% is guaranteed; 2% is only payable out of net cash flow as defined. The remaining 5%, the incentive fee, is also payable out of net cash flow. However, if there is insufficient net cash flow for the year to pay the incentive fee, such fee will not accumulate or be considered due and owing. Management fee expense at december 31, 2018 aggregated $81,029.

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

A committee of the board of directors reviews form 990. The financial data on form 990 is reconciled to the financial information on the audited financial statements. The non-financial information, such as questions concerning governance, policies, and tax compliance, are reviewed to ensure that they are accurately answered. Consideration is given as to the completeness of unrelated business income, if any.

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

In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement.

Form 990, Part VI, Section C, Line 19

All governing documents are available for inspection by the public at the organization's offices during normal business hours.

Filing and Contact Details

Filer

Filer Name
Southeastern Massachusetts Affordable
EIN
04-3322638
Phone
5085886880
Address
45 GODDARD ROAD, BROCKTON, MA 02301

Signing Officer

Name
Thomas Thibault
Title
Chief Administrator
Phone
5085886880
Signed
2019-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Donna Daley
Formed
1996
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
13

Preparer

Firm
Marcum Llp
Address
53 STATE STREET, BOSTON, MA 02109
Preparer
Douglas Farrington
Phone
6178075000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

The organization was incorporated under the provisions of chapter 180 of the general laws of the commonwealth of massachusetts. The organization has been granted a tax-exempt status by the internal revenue service under code section 501(c)(3). The organization is not a private foundation. The preparation of financial statements in conformity with accounting principles generally accepted in the united states of america requires the organization to report information regarding its exposure to various tax positions taken by the organization. The organization has determined whether any tax positions have met the recognition threshold and have measured the organization's exposure to those tax positions. Management believes that the organization has adequately addressed all relevant tax positions and that there are no unrecorded tax liabilities. Federal and state tax authorities generally have the right to examine and audit the previous three years of tax returns filed. Any interest or penalties assessed to the organization are recorded in operating expenses. No interest or penalties from federal or state tax authorities were recorded in the accompanying financial statements. The open tax years are years ended 2014 to 2017.

Raw XML AppendixShowing 400 of 455 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/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL PROPERTY INCOME
IRS990/ProgramServiceRevenueGrp/Desc1DEVELOPMENT FEE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0209236
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt110000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0209236
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0382209
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01207
IRS990/PYOtherExpensesAmt0602737
IRS990/PYOtherRevenueAmt06687
IRS990/PYProgramServiceRevenueAmt0195421
IRS990/PYRevenuesLessExpensesAmt0-17213
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0602737
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0585524
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt057758
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0219236
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0424789
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0382209
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0373473
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0402292
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0110000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01692763
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01693
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01207
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01012
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0252
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0200
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt04364
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0219236
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0202108
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0652621
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0548927
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0554057
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt02176949
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01693
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01207
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01012
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0252
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0200
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04364
IRS990ScheduleA/InvestmentIncomeCYPct00.00110
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01053
IRS990ScheduleA/OtherIncome509Grp/TotalAmt01053
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99860
IRS990ScheduleA/PublicSupportPY509Pct00.99910
IRS990ScheduleA/PublicSupportTotal509Amt03869712
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0644025
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0584317
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01026094
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0951219
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0664057
IRS990ScheduleA/Total509Grp/TotalAmt03869712
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0645718
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0586577
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01027106
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0951471
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0664257
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt03875129
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/BuildingsGrp/BookValueAmt04174629
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01376625
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05551254
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0587961
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01060417
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01060417
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05381
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt023966
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt029347
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0947
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PREPAID RENT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0645718
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION WAS INCORPORATED UNDER THE PROVISIONS OF CHAPTER 180 OF THE GENERAL LAWS OF THE COMMONWEALTH OF MASSACHUSETTS. THE ORGANIZATION HAS BEEN GRANTED A TAX-EXEMPT STATUS BY THE INTERNAL REVENUE SERVICE UNDER CODE SECTION 501(C)(3). THE ORGANIZATION IS NOT A PRIVATE FOUNDATION. THE PREPARATION OF FINANCIAL STATEMENTS IN CONFORMITY WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE ORGANIZATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE ORGANIZATION. THE ORGANIZATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAVE MEASURED THE ORGANIZATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE ORGANIZATION ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE OPEN TAX YEARS ARE YEARS ENDED 2014 TO 2017.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt05240427
IRS990ScheduleD/TotalExpensesPerForm990Amt0587961
IRS990ScheduleD/TotalLiabilityAmt0947
IRS990ScheduleD/TotalRevenuePerForm990Amt0645718
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0645718
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0587961
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION ENTERED INTO A MANAGEMENT AGREEMENT WITH THE BROCKTON HOUSING AUTHORITY (BHA) UNDER WHICH THE BHA WILL PROVIDE BOTH ONGOING OPERATING MANAGEMENT SERVICES AND CONSTRUCTION MANAGEMENT SERVICES TO THE ORGANIZATION. UNDER THE TERMS OF THE AGREEMENT, THE ORGANIZATION WILL PAY A MANAGEMENT FEE EQUAL TO 11% OF GROSS REVENUE ASSOCIATED WITH THE RENT OF DWELLING UNITS. A PORTION OF THE FEE, 4% IS GUARANTEED; 2% IS ONLY PAYABLE OUT OF NET CASH FLOW AS DEFINED. THE REMAINING 5%, THE INCENTIVE FEE, IS ALSO PAYABLE OUT OF NET CASH FLOW. HOWEVER, IF THERE IS INSUFFICIENT NET CASH FLOW FOR THE YEAR TO PAY THE INCENTIVE FEE, SUCH FEE WILL NOT ACCUMULATE OR BE CONSIDERED DUE AND OWING. MANAGEMENT FEE EXPENSE AT DECEMBER 31, 2018 AGGREGATED $81,029.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS FORM 990. THE FINANCIAL DATA ON FORM 990 IS RECONCILED TO THE FINANCIAL INFORMATION ON THE AUDITED FINANCIAL STATEMENTS. THE NON-FINANCIAL INFORMATION, SUCH AS QUESTIONS CONCERNING GOVERNANCE, POLICIES, AND TAX COMPLIANCE, ARE REVIEWED TO ENSURE THAT THEY ARE ACCURATELY ANSWERED. CONSIDERATION IS GIVEN AS TO THE COMPLETENESS OF UNRELATED BUSINESS INCOME, IF ANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS ARE AVAILABLE FOR INSPECTION BY THE PUBLIC AT THE ORGANIZATION'S OFFICES DURING NORMAL BUSINESS HOURS.
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 B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 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/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06048977
IRS990/TotalAssetsEOYAmt06246160
IRS990/TotalAssetsGrp/BOYAmt06048977
IRS990/TotalAssetsGrp/EOYAmt06246160
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0424789
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt098318
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0489642
IRS990/TotalFunctionalExpensesGrp/TotalAmt0587960
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02944467
IRS990/TotalLiabilitiesEOYAmt03083891
IRS990/TotalLiabilitiesGrp/BOYAmt02944467
IRS990/TotalLiabilitiesGrp/EOYAmt03083891
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03104510
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03162269
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0489642
IRS990/TotalProgramServiceRevenueAmt0219236
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01693
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0219236
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0645718
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt013

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.28$2.34$3.95$0.95$0.72$0.23
2023Detailed filing. Detailed filing data is available for this year.$6.11$2.39$3.72$0.91$0.66$0.25
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.96$2.48$3.48$0.69$0.70$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.07$2.59$3.48$0.57$0.58$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.13$2.63$3.50$0.77$0.64$0.13
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.11$2.74$3.37$0.88$0.68$0.21
2018Detailed filing. Detailed filing data is available for this year.$6.25$3.08$3.16$0.65$0.59$0.06
2017Detailed filing. Detailed filing data is available for this year.$6.05$2.94$3.10$0.59$0.60$0.02
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.23$3.11$3.12$0.60$0.64$0.04
2015Detailed filing. Detailed filing data is available for this year.$6.00$2.84$3.16$0.62$0.64$0.02
2014Detailed filing. Detailed filing data is available for this year.$6.18$3.01$3.18$1.10$1.06$0.04
2013Detailed filing. Detailed filing data is available for this year.$6.37$3.13$3.24$1.14$0.50$0.65
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.78$3.18$2.60$0.44
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.13$3.07$2.07$0.32
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.59$2.97$1.62$0.22
Peer Organizations

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