Civic Intelligence

Preparatory Foundation Inc.

990 • Fiscal year 2022 • EIN 11-3690799

Jul 01, 2021 to Jun 30, 2022 • Filed on May 11, 2023

Organization ProfileWWW.BOSTONPREP.ORG
1286 Hyde Park AvenueHyde Park, MA 02136

(617) 333-6688

Siviq Scores

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

Liabilities / Assets

87th percentile

0.83x

Higher debt load relative to assets than 87% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Liabilities / Revenue

97th percentile

12.35x

Higher debt load relative to revenue than 97% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Net Margin

64th percentile

13%

Higher net margin than 64% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Top Officer Pay

6th percentile

$0

Higher top officer pay than 6% of similar nonprofits.

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

2022 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2022

Asset Growth

95th percentile

64%

Faster asset growth than 95% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Revenue Growth

76th percentile

22%

Faster revenue growth than 76% of similar nonprofits.

2022 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets87th percentile

Assets

Up

$65,188,971

Up $25,322,892 (+64%) from 2021

Net Assets

Up

$11,005,844

Up $1,575,693 (+17%) from 2021

Liabilities

Up

$54,183,127

Up $23,747,199 (+78%) from 2021

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin64th percentile

Revenue

Up

$4,386,589

Up $791,265 (+22%) from 2021

Expenses

Down

$3,805,240

Down $69,132 (-1.8%) from 2021

Net Income

Up

$581,349

Up $860,397 (+308%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$80M$60M$40M$20M$0Assets 2010: $961,097Liabilities 2010: $0Net Assets 2010: $961,0972010Assets 2011: $1,146,545Liabilities 2011: $0Net Assets 2011: $1,146,5452011Assets 2012: $1,301,987Liabilities 2012: $0Net Assets 2012: $1,301,9872012Assets 2013: $1,560,649Liabilities 2013: $205,792Net Assets 2013: $1,354,8572013Assets 2014: $1,744,731Liabilities 2014: $200,507Net Assets 2014: $1,544,2242014Assets 2015: $7,538,251Liabilities 2015: $322,592Net Assets 2015: $7,215,6592015Assets 2016: $14,110,265Liabilities 2016: $7,300,189Net Assets 2016: $6,810,0762016Assets 2017: $28,393,640Liabilities 2017: $18,261,829Net Assets 2017: $10,131,8112017Assets 2018: $39,560,722Liabilities 2018: $26,503,173Net Assets 2018: $13,057,5492018Assets 2019: $42,493,207Liabilities 2019: $31,252,129Net Assets 2019: $11,241,0782019Assets 2020: $40,714,953Liabilities 2020: $32,070,761Net Assets 2020: $8,644,1922020Assets 2021: $39,866,079Liabilities 2021: $30,435,928Net Assets 2021: $9,430,1512021Assets 2022: $65,188,971Liabilities 2022: $54,183,127Net Assets 2022: $11,005,8442022Assets 2023: $64,701,277Liabilities 2023: $52,370,975Net Assets 2023: $12,330,3022023Assets 2024: $63,110,285Liabilities 2024: $50,392,378Net Assets 2024: $12,717,9072024Assets 2025: $62,755,042Liabilities 2025: $48,443,181Net Assets 2025: $14,311,8612025

Highlighted filing

2022

Assets$65,188,971
Liabilities$54,183,127
Net Assets$11,005,844
Open 2022 Filing

Operations Trend

Revenue Growth76th percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $155,1062010Expenses 2011: $247,1812011Expenses 2012: $248,3002012Revenue 2013: $423,060Expenses 2013: $370,190Net Income 2013: $52,8702013Revenue 2014: $478,023Expenses 2014: $288,656Net Income 2014: $189,3672014Revenue 2015: $6,075,501Expenses 2015: $404,066Net Income 2015: $5,671,4352015Revenue 2016: $1,142,456Expenses 2016: $695,556Net Income 2016: $446,9002016Revenue 2017: $3,342,527Expenses 2017: $889,951Net Income 2017: $2,452,5762017Revenue 2018: $4,702,735Expenses 2018: $2,403,547Net Income 2018: $2,299,1882018Revenue 2019: $3,361,119Expenses 2019: $3,865,594Net Income 2019: -$504,4752019Revenue 2020: $3,070,680Expenses 2020: $4,272,988Net Income 2020: -$1,202,3082020Revenue 2021: $3,595,324Expenses 2021: $3,874,372Net Income 2021: -$279,0482021Revenue 2022: $4,386,589Expenses 2022: $3,805,240Net Income 2022: $581,3492022Revenue 2023: $4,309,510Expenses 2023: $3,788,117Net Income 2023: $521,3932023Revenue 2024: $3,218,350Expenses 2024: $2,930,340Net Income 2024: $288,0102024Revenue 2025: $4,524,513Expenses 2025: $2,561,256Net Income 2025: $1,963,2572025

Highlighted filing

2022

Revenue$4,386,589
Expenses$3,805,240
Net Income$581,349
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 11, 2023
Return Version
2021v4.2
Gross Receipts
$4,386,589
Mission and Program Overview

Mission

To provide enhancement of educational college preparatory opportunities in the boston area

To provide enhancement of educational college preparatory opportunities in the boston area.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$33,188,359$31,851,114▼ $1,337,245
Savings and Temporary Cash Investments$2,946,235$2,695,169▼ $251,066
Cash and Non-Interest-Bearing Accounts$2,207,475$2,076,948▼ $130,527
Pledges and Grants Receivable$815,000$810,000▼ $5,000
Total Assets$39,866,079$65,188,971▲ $25,322,892
Other Assets Total$709,010$27,755,740▲ $27,046,730
Liabilities
Deferred Revenue-$27,224,954-
Tax Exempt Bond Liabilities$27,555,849$26,891,308▼ $664,541
Other Liabilities$1,836,478--
Unsecured Notes Loans Payable$1,000,000$0▼ $1,000,000
Accounts Payable and Accrued Expenses$43,601$66,865▲ $23,264
Total Liabilities$30,435,928$54,183,127▲ $23,747,199
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,359,387$7,902,226▲ $1,542,839
Net Assets With Donor Restrictions$3,070,764$3,103,618▲ $32,854
Total Net Assets Fund Balance$9,430,151$11,005,844▲ $1,575,693
Total Liabilities and Net Assets / Fund Balance$39,866,079$65,188,971▲ $25,322,892

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$27,013,012$3,478,746$30,491,758
Equipment$1,718,073$2,142,159$3,860,232
Land$3,060,004-$3,060,004
Other Land Buildings$60,025$757,095$817,120
Other Assets Org$157,866--
Compensation and Service Providers
Top Officer Pay6th percentile

Board Members and Trustees

NameTitle
Bill ClarkPresident
Bruce BuxtonDirector
Carolyn OsteenDirector
Charlotte JohnsonDirector
Jeremy BenedictDirector
John GrandinDirector
Preston McswainDirector
Scott MccueDirector
Tamar Dor-nerDirector
Tom SorboDirector
Carol TaylorClerk
Revenue and Support

Revenue Composition

Contributions and Grants
$2,143,537
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$2,243,052
All Other Contributions
$2,143,537
Change in Net Assets
$581,349
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,511,542
Grants and Similar Amounts Paid$1,293,698
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,337,245--$1,337,245
Grants to Domestic Orgs$1,293,698--$1,293,698
Occupancy$1,170,551--$1,170,551
Office Expenses$3,246--$3,246
Other Expenses$500--$500
Total Functional Expenses$3,805,240$0$0$3,805,240
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Boston Preparatory Charter Public SchoolHyde Park, MAN/aTo Enhance the Educational Program of Boston Preparatory Charter Public School and for Capital Improvements.$1,293,698
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

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMassachusetts Development Finance Agency2015-10-30$17,500,000Construct and equip facility
BMassachusetts Development Finance Agency2017-09-29$12,000,000Construct and equip facility

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$17,500,000$43,000$1,484,869$7,100
B$12,000,000$30,550$1,123,823$13,100

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“The board of directors elect new board members.”

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

“The head of school and director of finance and operations review the federal form 990 which is then circulated to the board of directors for review before filing.”

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

“Staff and board members annually review the organization's conflict of interest policy.”

Form 990, Part VI, Section C, Line 19

“The governing documents, conflict of interest policy, and combined financial statements are available upon request. The audited combined financial statements are also available on www.guidestar.org”

Filing and Contact Details

Filer

Filer Name
Preparatory Foundation Inc
EIN
11-3690799
Phone
6173336688
Address
1286 HYDE PARK AVENUE, HYDE PARK, MA 02136

Signing Officer

Name
Bill Clark
Title
President
Phone
6173336688
Signed
2023-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bill Clark
Formed
2003
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
20

Preparer

Firm
Aafcpas Inc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
Matthew Mcginnis CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Unrealized gain on interest rate swap contract 1,994,344. Forgiveness of intercompany debt -1,000,000.”

FORM 990, PART XII, LINE 2C:

“The organization's combined financial statements were audited by an independent accountant. The organization has a committee that is responsible for the oversight of the audit. The organization did not change its oversight process or selection process during the tax year.”

Raw XML AppendixShowing 400 of 501 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/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02496761
IRS990/PYOtherRevenueAmt01667263
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-279048
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt03874372
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03595324
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0581349
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt02243052
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02243052
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02946235
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02695169
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02143537
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01928061
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01585869
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02296120
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03962721
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt011916308
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02243052
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt01667263
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01454686
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01069619
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0745344
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt07179964
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.52450
IRS990ScheduleA/PublicSupportPY170Pct00.51720
IRS990ScheduleA/PublicSupportTotal170Amt010016433
IRS990ScheduleA/SubstantialContributorsTotAmt01899875
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02143537
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01928061
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01585869
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02296120
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03962721
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt011916308
IRS990ScheduleA/TotalSupportAmt019096272
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/BookValueAmt027013012
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03478746
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt030491758
IRS990ScheduleD/EquipmentGrp/BookValueAmt01718073
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02142159
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03860232
IRS990ScheduleD/LandGrp/BookValueAmt03060004
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt03060004
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0968291
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt126629583
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2157866
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM RELATED PARTY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1LEASE RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2ACCUMULATED UNREALIZED GAIN ON INTEREST RATE - SWAP CONTRACT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt060025
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0757095
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0817120
IRS990ScheduleD/TotalBookValueLandBuildingsAmt031851114
IRS990ScheduleD/TotalBookValueOtherAssetsAmt027755740
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt01293698
IRS990ScheduleI/RecipientTable/IRCSectionDesc0N/A
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceDesc0N/A
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO ENHANCE THE EDUCATIONAL PROGRAM OF BOSTON PREPARATORY CHARTER PUBLIC SCHOOL AND FOR CAPITAL IMPROVEMENTS.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0BOSTON PREPARATORY CHARTER PUBLIC SCHOOL
IRS990ScheduleI/RecipientTable/RecipientEIN0331053424
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0885 RIVER STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0HYDE PARK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd002136
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS APPROVES GRANT AWARDS TO BOSTON PREPARATORY CHARTER PUBLIC SCHOOL.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd1B
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd10
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0TO HEDGE AGAINST POTENTIAL INTEREST RATE EXPOSURE UNDER THE FLOATING RATE, THE FOUNDATION ENTERED INTO FOUR INTEREST RATE SWAP AGREEMENTS. THREE CONTRACTS HAVE A NOTIONAL AMOUNT OF $8,000,000 AND ONE HAS A NOTIONAL AMOUNT OF $3,000,000. THE TERMS OF THE CONTRACTS AT A NOTIONAL AMOUNT OF $8,000,000 ARE FOR 8.2, 30.8 AND 26.9YEARS, RESPECTIVELY.THE TERM OF THE CONTRACT AT A NOTIONAL AMOUNT OF $3,000,000 IS FOR 8.9 YEARS.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE K, PART IV, LINE 3C (ISSUE A):
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd11
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeProviderName/BusinessNameLine1Txt0CITIZENS BANK
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeProviderName/BusinessNameLine1Txt1CITIZENS BANK
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeProviderName/BusinessNameLine2Txt0NATIONAL
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeProviderName/BusinessNameLine2Txt1NATIONAL
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeTerminatedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeTerminatedInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/SuperintegratedHedgeInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/SuperintegratedHedgeInd10
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/TermOfHedgePct08.200000000000
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/TermOfHedgePct18.900000000000
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd11
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd11
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02015-10-30
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12017-09-29
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0043431814
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN1043431814
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt017500000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt112000000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt1MASSACHUSETTS DEVELOPMENT FINANCE AGENCY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd10
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0CONSTRUCT AND EQUIP FACILITY
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc1CONSTRUCT AND EQUIP FACILITY
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd11
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd1B
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt017045935
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CapitalExpendituresAmt111956350
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd10
IRS990ScheduleK/TaxExemptBondsProceedsGrp/InReserveFundAmt0403965
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt07100
IRS990ScheduleK/TaxExemptBondsProceedsGrp/IssuanceCostsFromProceedsAmt113100
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt043000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt130550
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd10
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd10
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt01484869
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RetiredAmt11123823
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02017
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr12018
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt017500000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt112000000

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$65,188,971
Liabilities
$54,183,127
Net assets
$11,005,844
Revenue
$4,386,589
Expenses
$3,805,240
Net income
$581,349
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$62.8$48.4$14.3$4.52$2.56$1.96
2024Detailed filing. Detailed filing data is available for this year.$63.1$50.4$12.7$3.22$2.93$0.29
2023Detailed filing. Detailed filing data is available for this year.$64.7$52.4$12.3$4.31$3.79$0.52
2022Detailed filing. Detailed filing data is available for this year.$65.2$54.2$11.0$4.39$3.81$0.58
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.9$30.4$9.43$3.60$3.87$0.28
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$40.7$32.1$8.64$3.07$4.27$1.20
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.5$31.3$11.2$3.36$3.87$0.50
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.6$26.5$13.1$4.70$2.40$2.30
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.4$18.3$10.1$3.34$0.89$2.45
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.1$7.30$6.81$1.14$0.70$0.45
2015Detailed filing. Detailed filing data is available for this year.$7.54$0.32$7.22$6.08$0.40$5.67
2014Detailed filing. Detailed filing data is available for this year.$1.74$0.20$1.54$0.48$0.29$0.19
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$1.56$0.21$1.35$0.42$0.37$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.00$1.30$0.25
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.15$0.00$1.15$0.25
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.96$0.00$0.96$0.16
Peer Organizations

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