Civic Intelligence

Urban Edge Housing Corporation

EIN 22-2483475 • 501(c)3 • Roxbury, MA

Profile

Urban edge is dedicated to strengthening communities and families together, we build affordable housing and vibrant, prosperous neighborhoods.

1542 Columbus AvenueRoxbury, MA 02119

www.urbanedge.org

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.18x

Higher debt load relative to assets than 43% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

1.06x

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

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

82nd percentile

31%

Higher net margin than 82% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

30th percentile

$251,910

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 2.0% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

67th percentile

11%

Faster asset growth than 67% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

67th percentile

17%

Faster revenue growth than 67% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Assets

Up

$74,669,302

Up $7,200,964 (+11%) from 2023

Liabilities

Up

$13,532,222

Up $588,777 (+4.5%) from 2023

Net Assets

Up

$61,137,080

Up $6,612,187 (+12%) from 2023

Revenue

Up

$12,821,814

Up $1,884,700 (+17%) from 2023

Expenses

Up

$8,880,991

Up $281,791 (+3.3%) from 2023

Net Income

Up

$3,940,823

Up $1,602,909 (+69%) from 2023

Trend Graphs

Balance Sheet Trend

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

$80M$60M$40M$20M$0-$20MAssets 2010: $19,968,989Liabilities 2010: $20,035,831Net Assets 2010: -$66,8422010Assets 2011: $19,204,209Liabilities 2011: $18,517,627Net Assets 2011: $686,5822011Assets 2012: $20,690,315Liabilities 2012: $16,622,117Net Assets 2012: $4,068,1982012Assets 2013: $21,402,394Liabilities 2013: $15,354,278Net Assets 2013: $6,048,1162013Assets 2014: $25,721,303Liabilities 2014: $18,801,798Net Assets 2014: $6,919,5052014Assets 2015: $29,069,507Liabilities 2015: $18,048,022Net Assets 2015: $11,021,4852015Assets 2016: $39,399,867Liabilities 2016: $24,314,640Net Assets 2016: $15,085,2272016Assets 2017: $39,119,631Liabilities 2017: $22,391,181Net Assets 2017: $16,728,4502017Assets 2018: $38,194,453Liabilities 2018: $18,658,177Net Assets 2018: $19,536,2762018Assets 2019: $47,496,164Liabilities 2019: $19,064,855Net Assets 2019: $28,431,3092019Assets 2020: $56,943,596Liabilities 2020: $26,942,078Net Assets 2020: $30,001,5182020Assets 2021: $48,065,772Liabilities 2021: $10,249,951Net Assets 2021: $37,815,8212021Assets 2022: $59,543,867Liabilities 2022: $14,231,047Net Assets 2022: $45,312,8202022Assets 2023: $67,468,338Liabilities 2023: $12,943,445Net Assets 2023: $54,524,8932023Assets 2024: $74,669,302Liabilities 2024: $13,532,222Net Assets 2024: $61,137,0802024

Highlighted filing

2024

Assets$74,669,302
Liabilities$13,532,222
Net Assets$61,137,080

Operations Trend

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

$20M$10M$0-$10MExpenses 2010: $1,976,5542010Expenses 2011: $2,085,3972011Expenses 2012: $2,733,1942012Revenue 2013: $6,488,865Expenses 2013: $4,549,553Net Income 2013: $1,939,3122013Revenue 2014: $5,014,035Expenses 2014: $4,249,601Net Income 2014: $764,4342014Revenue 2015: $19,814,601Expenses 2015: $7,083,520Net Income 2015: $12,731,0812015Revenue 2016: $9,324,132Expenses 2016: $7,224,971Net Income 2016: $2,099,1612016Revenue 2017: $9,295,135Expenses 2017: $7,573,910Net Income 2017: $1,721,2252017Revenue 2018: $9,117,070Expenses 2018: $7,694,784Net Income 2018: $1,422,2862018Revenue 2019: $9,221,381Expenses 2019: $9,416,298Net Income 2019: -$194,9172019Revenue 2020: $9,385,692Expenses 2020: $8,476,847Net Income 2020: $908,8452020Revenue 2021: $13,249,471Expenses 2021: $8,476,366Net Income 2021: $4,773,1052021Revenue 2022: $13,624,386Expenses 2022: $8,154,329Net Income 2022: $5,470,0572022Revenue 2023: $10,937,114Expenses 2023: $8,599,200Net Income 2023: $2,337,9142023Revenue 2024: $12,821,814Expenses 2024: $8,880,991Net Income 2024: $3,940,8232024

Highlighted filing

2024

Revenue$12,821,814
Expenses$8,880,991
Net Income$3,940,823

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$74.7$13.5$61.1$12.8$8.88$3.94
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$67.5$12.9$54.5$10.9$8.60$2.34
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$59.5$14.2$45.3$13.6$8.15$5.47
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$48.1$10.2$37.8$13.2$8.48$4.77
2020Detailed filing. Detailed filing data is available for this year.$56.9$26.9$30.0$9.39$8.48$0.91
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$47.5$19.1$28.4$9.22$9.42$0.19
2018Detailed filing. Detailed filing data is available for this year.$38.2$18.7$19.5$9.12$7.69$1.42
2017Detailed filing. Detailed filing data is available for this year.$39.1$22.4$16.7$9.30$7.57$1.72
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.4$24.3$15.1$9.32$7.22$2.10
2015Detailed filing. Detailed filing data is available for this year.$29.1$18.0$11.0$19.8$7.08$12.7
2014Detailed filing. Detailed filing data is available for this year.$25.7$18.8$6.92$5.01$4.25$0.76
2013Detailed filing. Detailed filing data is available for this year.$21.4$15.4$6.05$6.49$4.55$1.94
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.7$16.6$4.07$2.73
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.2$18.5$0.69$2.09
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.0$20.0$0.07$1.98
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 5, 2025
Return Version
2024v5.2
Gross Receipts
$13,041,945
Mission and Program Overview

Mission

Urban edge is dedicated to strengthening communities and families together, we build affordable housing and vibrant, prosperous neighborhoods.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$16,558,662$22,151,810▲ $5,593,148
Land, Buildings, and Equipment, Net$14,767,092$14,499,537▼ $267,555
Cash and Non-Interest-Bearing Accounts$13,327,016$12,676,390▼ $650,626
Savings and Temporary Cash Investments$5,467,049$4,850,640▼ $616,409
Investments Program Related$4,269,852$4,700,099▲ $430,247
Accounts Receivable$772,444$1,475,026▲ $702,582
Pledges and Grants Receivable-$200,000-
Prepaid Expenses and Deferred Charges$177,116$175,922▼ $1,194
Total Assets$67,468,338$74,669,302▲ $7,200,964
Other Assets Total$12,129,107$13,939,878▲ $1,810,771
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,428,366$8,138,280▲ $709,914
Other Liabilities$3,895,406$3,757,523▼ $137,883
Tax Exempt Bond Liabilities$927,035$802,460▼ $124,575
Accounts Payable and Accrued Expenses$554,867$802,371▲ $247,504
Deferred Revenue$137,771$31,588▼ $106,183
Total Liabilities$12,943,445$13,532,222▲ $588,777
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$53,988,004$59,594,559▲ $5,606,555
Net Assets With Donor Restrictions$536,889$1,542,521▲ $1,005,632
Total Net Assets Fund Balance$54,524,893$61,137,080▲ $6,612,187
Total Liabilities and Net Assets / Fund Balance$67,468,338$74,669,302▲ $7,200,964

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,268,085$7,353,599$18,621,684
Land$3,198,245-$3,198,245
Leasehold Improvements$0$619,184$619,184
Equipment$33,207$399,704$432,911
Investment Program Related Org$4,700,099--
Other Assets Org$2,278,590--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Emilio DorcelyChief Executive OfficerFT$221,161$30,749$251,910
Salvatore J BoscoCFO (until 2/2024), Senior Vice PresidentPT$218,160$8,726$226,886
Salvatore J BoscoCFO (until 2/2024), Senior Vice Pres-$202,063$24,823$226,886
Michelle GoldbergChief Financial Officer (as of 2/2024)FT$170,080$5,208$175,288
Michelle GoldbergChief Financial Officer (as of 2/202-$123,849$51,439$175,288
William BraunerDirector of Real EstateFT$142,865$21,230$164,095
Robert CredleDirector of Community ProgramsFT$136,607$5,464$142,071
Maria M CaceresDirector of People and CultureFT$136,235$5,679$141,914
Johanna Silverio-romyAssociate Director of Real EstateFT$136,335$4,403$140,738
Gail GrazianoControllerFT$131,968$8,535$140,503

Board Members and Trustees

NameTitle
Johanna SmithPresident
Sebastian ZapataVice President
Wanda AtkinsAssistant Clerk
Vivian Mba OkokoAssistant Treasurer
Benjamin FormanClerk
Anne MckinnonExecutive Committee Member
Armani WhiteExecutive Committee Member
Jacqueline M Cummings-furtadoExecutive Committee Member
Natacha DunkerExecutive Committee Member
Alison HaightMember
Arealus PoughMember
Beryl HarrisMember
Bruce EhrlichMember
Darlene AtkinsMember
Diane StaffordMember
Eddie JenkinsMember
Genie CurryMember
Jeanette CallahanMember
Mirella CruzMember
Nathan ZielonkaMember
Andrew SobersTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Hlc And AssociatesConsulting10 BALDWIN CIRCLE, Shrewsbury, MA 01545$137,611
Aafcpas INCAudit/tax/consulting50 WASHINGTON STREET, Westborough, MA 01581$117,285
Revenue and Support

Revenue Composition

Contributions and Grants
$3,489,174
Program Service Revenue
$6,891,660
Investment Income
$1,578,237
Other Revenue
$862,743
All Other Contributions
$2,442,367
Change in Net Assets
$3,940,823
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,454,361
Other Expenses$4,426,630
Total Fundraising Expense$355,113
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,314,671$467,210$104,710$2,886,591
Office Expenses$1,471,555$57,543$12,030$1,541,128
Occupancy$629,350$25,216$29,053$683,619
Current Officers, Directors, Trustees, and Key Employees$346,829$293,083$20,171$660,083
Fees for Services Other$369,035$72,166$164,778$605,979
Other Employee Benefits$429,814$79,952$1,449$511,215
Depreciation Depletion$362,553$16,255$4,244$383,052
Payroll Taxes$273,557$77,122$12,882$363,561
Insurance$269,512$10,376$5,388$285,276
Fees for Services Accounting$51,557$112,304-$163,861
Interest-$100,741-$100,741
Advertising$7,500$43,373-$50,873
Travel$25,464$14,407-$39,871
Other Expenses$33,889$137$2$33,889
Pension Plan Contributions$31,875$1,036-$32,911
All Other Expenses$28,455--$28,455
Fees for Services Management$23,595--$23,595
Conferences and Meetings$11,271$11,365$151$22,787
Fees for Services Legal$7,703$1,728-$9,431
Total Functional Expenses$7,135,818$1,390,060$355,113$8,880,991
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$171,011
Fundraising Gross Income$73,750
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Meeting$231,506$73,750$95,284$-21,534
Total Events$231,506$73,750$171,011$-97,261
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liabilities$2,507,523
Conditional Grant Advance$1,250,000

Bond Issues

BondIssuerIssuedIssue PricePurpose
AMassachusetts Development Finance Agency2002-08-28$1,768,000To finance construction of the community center

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$1,768,000-$965,540-

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
Yes
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
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
Yes
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 2

Darlene atkins and wanda atkins are both board members and are sisters.

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

The 990 is reviewed by the cfo and a copy is provided to the board of directors before it is filed.

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

Board members are required to sign off on a conflict of interest form annually.

Form 990, Part VI, Section B, Line 15A

The ceo's compensation is determined by the board of directors.

Form 990, Part VI, Section C, Line 19

Urban edge housing corporation makes its governing documents and consolidating financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Urban Edge Housing Corporation
EIN
22-2483475
Phone
6179899300
Address
1542 COLUMBUS AVENUE, ROXBURY, MA 02119

Signing Officer

Name
Salvatore Bosco
Title
Senior Vice President
Phone
6179899300
Signed
2025-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Salvatore Bosco
Formed
1983
Legal Domicile
Ma
Voting Board Members
21
Independent Board Members
21
Employees
37
Volunteers
36

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:

Distribution 660,393. Seller financing - loan and interest payment 2,221,594. Transfer of net assets -945,645.

FORM 990, PART XII, LINE 2C:

Urban edge housing corporation has a finance committee that provides oversight to the audit process and is in charge of the review and selection of an independent accountant.

Election Under Irc Section 168(H)(6)(F)(II)

Mildred hailey 1b gp llc c/o urban housing corporation (the taxpayer) ein #86-3240129 1542 columbus avenue roxbury, ma 02119 the taxpayer, a tax exempt controlled entity, hereby elects under section 168 (h)(6)(f)(ii) to not be treated as a tax exempt entity under paragraphs 5 and 6 of section 168(h). The taxpayer holds 0.01% ownership interest in mildred hailey 1b limited partnership (ein 92-2691346), which is treated as a partnership for tax purposes. Urban edge housing corporation (ein: 22-2483475) is a tax exempt entity that holds 21% of the stockholder interest in the taxpayer. This election applies to all the taxpayer's property, and applies to the taxable year that the taxpayer's property is placed in service and all subsequent years.

Financial Statement Notes

PART X, LINE 2:

Housing corp. And affiliates account for uncertainty in income taxes in accordance with asc topic, income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the consolidating financial statements regarding a tax position taken or expected to be taken in a tax return. Housing corp. And affiliates have determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the consolidating financial statements at december 31, 2024.

Raw XML AppendixShowing 400 of 1,597 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.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0URBAN EDGE IS DEDICATED TO STRENGTHENING COMMUNITIES AND FAMILIES TOGETHER, WE BUILD AFFORDABLE HOUSING AND VIBRANT, PROSPEROUS NEIGHBORHOODS.
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IRS990/BooksInCareOfDetail/PhoneNum06179899300
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3ASSISTANT TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt5ASSISTANT CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt6EXECUTIVE COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7EXECUTIVE COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8EXECUTIVE COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE COMMITTEE MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt21CHIEF EXECUTIVE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt22CFO (UNTIL 2/2024), SENIOR VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt23CHIEF FINANCIAL OFFICER (AS OF 2/2024)
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR OF REAL ESTATE
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR OF COMMUNITY PROGRAMS
IRS990/Form990PartVIISectionAGrp/TitleTxt26ASSOCIATE DIRECTOR OF REAL ESTATE
IRS990/Form990PartVIISectionAGrp/TitleTxt27DIRECTOR OF PEOPLE AND CULTURE
IRS990/Form990PartVIISectionAGrp/TitleTxt28CONTROLLER
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