Civic Intelligence

Commonwealth Land Trust Property Bowdoin Manor

990 • Fiscal year 2016 • EIN 22-2753637

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 14, 2017

Organization ProfileCOMMONWEALTHLANDTRUST.ORG

View Organization Page

1059 Tremont Street No 2Roxbury, MA 02120

(617) 445-4075

Siviq Scores

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

Liabilities / Assets

79th percentile

0.65x

Higher debt load relative to assets than 79% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

94th percentile

5.52x

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

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

73rd percentile

11%

Higher net margin than 73% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

17th percentile

$129,957

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

38th percentile

-0.1%

Faster asset growth than 38% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

62nd percentile

6.7%

Faster revenue growth than 62% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets79th percentile

Assets

Down

$26,762,304

Down $14,675 (-0.1%) from 2015

Net Assets

Up

$9,329,100

Up $347,310 (+3.9%) from 2015

Liabilities

Down

$17,433,204

Down $361,985 (-2.0%) from 2015

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin73rd percentile

Revenue

Up

$3,157,095

Up $199,263 (+6.7%) from 2015

Expenses

Up

$2,809,785

Up $137,526 (+5.1%) from 2015

Net Income

Up

$347,310

Up $61,737 (+22%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

$40M$30M$20M$10M$0Assets 2010: $10,540,587Liabilities 2010: $7,198,305Net Assets 2010: $3,342,2822010Assets 2011: $9,701,405Liabilities 2011: $3,846,342Net Assets 2011: $5,855,0632011Assets 2012: $12,084,897Liabilities 2012: $5,095,638Net Assets 2012: $6,989,2592012Assets 2013: $13,332,954Liabilities 2013: $6,175,242Net Assets 2013: $7,157,7122013Assets 2014: $26,698,412Liabilities 2014: $18,002,195Net Assets 2014: $8,696,2172014Assets 2015: $26,776,979Liabilities 2015: $17,795,189Net Assets 2015: $8,981,7902015Assets 2016: $26,762,304Liabilities 2016: $17,433,204Net Assets 2016: $9,329,1002016Assets 2017: $25,629,567Liabilities 2017: $17,130,222Net Assets 2017: $8,499,3452017Assets 2018: $25,612,242Liabilities 2018: $17,158,044Net Assets 2018: $8,454,1982018Assets 2019: $25,751,263Liabilities 2019: $16,879,514Net Assets 2019: $8,871,7492019Assets 2020: $26,483,381Liabilities 2020: $17,137,034Net Assets 2020: $9,346,3472020Assets 2021: $29,665,338Liabilities 2021: $18,686,251Net Assets 2021: $10,979,0872021Assets 2022: $30,569,151Liabilities 2022: $18,428,875Net Assets 2022: $12,140,2762022Assets 2023: $29,886,402Liabilities 2023: $17,151,167Net Assets 2023: $12,735,2352023Assets 2024: $37,745,456Liabilities 2024: $22,218,130Net Assets 2024: $15,527,3262024

Highlighted filing

2016

Assets$26,762,304
Liabilities$17,433,204
Net Assets$9,329,100
Open 2016 Filing

Operations Trend

Revenue Growth62nd percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2010: $2,128,186Expenses 2010: $1,897,310Net Income 2010: $230,8762010Expenses 2011: $978,1632011Expenses 2012: $1,132,4292012Revenue 2013: $1,373,603Expenses 2013: $1,205,150Net Income 2013: $168,4532013Revenue 2014: $3,047,696Expenses 2014: $1,328,344Net Income 2014: $1,719,3522014Revenue 2015: $2,957,832Expenses 2015: $2,672,259Net Income 2015: $285,5732015Revenue 2016: $3,157,095Expenses 2016: $2,809,785Net Income 2016: $347,3102016Revenue 2017: $3,660,519Expenses 2017: $4,490,274Net Income 2017: -$829,7552017Revenue 2018: $3,721,873Expenses 2018: $3,767,020Net Income 2018: -$45,1472018Revenue 2019: $3,860,353Expenses 2019: $3,442,802Net Income 2019: $417,5512019Revenue 2020: $4,252,540Expenses 2020: $3,777,942Net Income 2020: $474,5982020Revenue 2021: $6,511,763Expenses 2021: $4,879,023Net Income 2021: $1,632,7402021Revenue 2022: $7,239,229Expenses 2022: $5,994,301Net Income 2022: $1,244,9282022Revenue 2023: $7,547,410Expenses 2023: $6,952,451Net Income 2023: $594,9592023Revenue 2024: $12,341,263Expenses 2024: $9,549,172Net Income 2024: $2,792,0912024

Highlighted filing

2016

Revenue$3,157,095
Expenses$2,809,785
Net Income$347,310
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 14, 2017
Return Version
2016v3.0
Gross Receipts
$3,157,095
Mission and Program Overview

Mission

To provide safe, affordable housing for the people who are most vulnerable in our society - low-income and single parent families, the mentally and physically disabled, the homeless, and people with hiv and aids.

LOW INCOME HOUSING

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$13,396,360$13,536,640▲ $140,280
Other Notes and Loans Receivable, Net$6,393,774$6,739,924▲ $346,150
Cash and Non-Interest-Bearing Accounts$1,673,959$1,836,999▲ $163,040
Investments Program Related$1,256,532$1,256,532→ $0
Savings and Temporary Cash Investments$1,118,220$1,136,553▲ $18,333
Accounts Receivable$286,806$359,229▲ $72,423
Intangible Assets$194,888$0▼ $194,888
Prepaid Expenses and Deferred Charges$75,626$88,243▲ $12,617
Inventories for Sale or Use$54,338$55,639▲ $1,301
Total Assets$26,776,979$26,762,304▼ $14,675
Other Assets Total$2,326,476$1,752,545▼ $573,931
Liabilities
Mortgage Notes Payable Secured by Investment Property$16,338,957$15,955,204▼ $383,753
Other Liabilities$1,174,778$1,237,682▲ $62,904
Accounts Payable and Accrued Expenses$151,494$116,481▼ $35,013
Escrow Account Liability$110,305$109,123▼ $1,182
Deferred Revenue$19,655$14,714▼ $4,941
Total Liabilities$17,795,189$17,433,204▼ $361,985
Net Assets / Fund Balance
Unrestricted Net Assets$8,981,790$9,329,100▲ $347,310
Total Net Assets Fund Balance$8,981,790$9,329,100▲ $347,310
Total Liabilities and Net Assets / Fund Balance$26,776,979$26,762,304▼ $14,675

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,434,516$2,232,483$10,666,999
Land$2,829,801-$2,829,801
Leasehold Improvements$2,235,336$521,305$2,756,641
Equipment$36,987$42,061$79,048
Other Assets Org$23,684--
Compensation and Service Providers
Top Officer Pay17th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ellen TanPresident/CEOFT$128,625$1,332$129,957

Board Members and Trustees

NameTitle
Arthur L JohnsonChair
Daniel BancroftCo-chair
Daniel E JaneyClerk
Bruce HendersonMember
Jonathan KaufmanMember
Richard BrownMember
Kate Elliot SmithTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$586,182
Program Service Revenue
$2,519,704
Investment Income
$4,708
Other Revenue
$46,501
Change in Net Assets
$347,310
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,891,179
Salaries, Compensation, and Employee Benefits$918,606
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$1,018,406$55,567-$1,073,973
Other Salaries and Wages$392,665$280,992-$673,657
Depreciation Depletion$402,607$590-$403,197
Current Officers, Directors, Trustees, and Key Employees$12,996$116,961-$129,957
Interest$81,345--$81,345
Payroll Taxes$34,161$32,484-$66,645
Fees for Services Accounting-$62,512-$62,512
Fees for Services Management$54,153--$54,153
Other Employee Benefits$12,804$35,543-$48,347
Office Expenses$37,241$6,421-$43,662
Information Technology$4,103$1,865-$5,968
Fees for Services Legal$5,096$740-$5,836
Travel$4,467--$4,467
Fees for Services Other$2,069$1,220-$3,289
Other Expenses$2,697$18,600-$2,697
All Other Expenses$2,639--$2,639
Advertising$1,556--$1,556
Total Functional Expenses$2,196,290$613,495$0$2,809,785
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
Accrued Interest$1,211,564
Due to Related Party$26,118
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 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 8B

“There are no other committees other than the board of directors.”

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

“The tax return is reviewed by the finance consultant and the president and ceo of commonwealth land trust.”

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

“The organization monitors the policy on a case by case basis.”

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

“Comparability data for the ceo is reviewed annually in the form of publically accessible 990s from similar boston-area organizations. Whenever this research is conducted, it is clear that clt's ceo is (significantly) undercompensated relative to her peers in the industry operating similar-sized organizations involved in similar types of work/mission. This information is communicated to clt's board (who are also well-aware, given their experience and connections in the sector, that the ceo is undercompensated) to seek their approval prior to any increases to the ceo's salary.”

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Commonwealth Land Trust Inc
EIN
22-2753637
Phone
6174454075
Address
1059 TREMONT STREET NO 2, ROXBURY, MA 02120

Signing Officer

Name
Ellen Tan
Title
President/CEO
Phone
6174454075
Signed
2017-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ellen Tan
Formed
1997
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
7
Employees
49
Volunteers
0

Preparer

Firm
Kevin P Martin Associates Pc
Address
10 FORBES WEST, BRAINTREE, MA 02184
Preparer
Jolanta Tuck CPA
Phone
7813803520
Supplemental Narrative

Financial Statement Notes

PART IV, LINE 2B:

“Security deposits consist of tenant security deposits collected at move-in. These funds are refunded to the tenants upoin move-out.”

Raw XML AppendixShowing 400 of 686 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/MortgNotesPyblScrdInvstPropGrp/EOYAmt015955204
IRS990/NetAssetsOrFundBalancesBOYAmt08981790
IRS990/NetAssetsOrFundBalancesEOYAmt09329100
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt055567
IRS990/OccupancyGrp/ProgramServicesAmt01018406
IRS990/OccupancyGrp/TotalAmt01073973
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06421
IRS990/OfficeExpensesGrp/ProgramServicesAmt037241
IRS990/OfficeExpensesGrp/TotalAmt043662
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt02326476
IRS990/OtherAssetsTotalGrp/EOYAmt01752545
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt035543
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt012804
IRS990/OtherEmployeeBenefitsGrp/TotalAmt048347
IRS990/OtherExpensesGrp/Desc0OTHER EXPENSES
IRS990/OtherExpensesGrp/Desc1BAD DEBT
IRS990/OtherExpensesGrp/Desc2PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/Desc3EMPLOYEE TRAINING
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt018600
IRS990/OtherExpensesGrp/ProgramServicesAmt082145
IRS990/OtherExpensesGrp/ProgramServicesAmt124976
IRS990/OtherExpensesGrp/ProgramServicesAmt220164
IRS990/OtherExpensesGrp/ProgramServicesAmt32697
IRS990/OtherExpensesGrp/TotalAmt0100745
IRS990/OtherExpensesGrp/TotalAmt124976
IRS990/OtherExpensesGrp/TotalAmt220164
IRS990/OtherExpensesGrp/TotalAmt32697
IRS990/OtherLiabilitiesGrp/BOYAmt01174778
IRS990/OtherLiabilitiesGrp/EOYAmt01237682
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/BusinessCd2531390
IRS990/OtherRevenueMiscGrp/Desc0TENANT CHARGES
IRS990/OtherRevenueMiscGrp/Desc1REIMBURSEMENTS - INSUR
IRS990/OtherRevenueMiscGrp/Desc2OFFICE RENT
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt022663
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt17440
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt24320
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt022663
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt17440
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt24320
IRS990/OtherRevenueTotalAmt046501
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0280992
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0392665
IRS990/OtherSalariesAndWagesGrp/TotalAmt0673657
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt06393774
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt06739924
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt032484
IRS990/PayrollTaxesGrp/ProgramServicesAmt034161
IRS990/PayrollTaxesGrp/TotalAmt066645
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt075626
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt088243
IRS990/PrincipalOfficerNm0ELLEN TAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1INTEREST PROGRAMATIC N
IRS990/ProgramServiceRevenueGrp/Desc2MANAGEMENT FEE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01950373
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1346150
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2223181
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01950373
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1346150
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2223181
IRS990/ProgSrvcAccomActy2Grp/Desc0REAL ESTATE OPERATIONS - INCLUDES THE ORGANIZATION'S ASSET MANAGEMENT BUSINESS WHICH OVERSEES THE OPERATIONS OF ALL RESIDENTIAL AND COMMERCIAL RENTAL PROPERTIES, SERVING HOMELESS AND LOW TO MODERATE INCOME FAMILIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt089663
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0352767
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0447857
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02645
IRS990/PYOtherExpensesAmt01848084
IRS990/PYOtherRevenueAmt071151
IRS990/PYProgramServiceRevenueAmt02436179
IRS990/PYRevenuesLessExpensesAmt0285573
IRS990/PYSalariesCompEmpBnftPaidAmt0824175
IRS990/PYTotalExpensesAmt02672259
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02957832
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0347310
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02218146
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01118220
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01136553
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0586182
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0444857
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01827727
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0231079
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0249151
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03338996
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04708
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02645
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01900
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01006
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0273628
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0283887
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt08586928
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt046501
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt071151
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt056090
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt036767
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt024635
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0235144
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.48560
IRS990ScheduleA/PublicSupportPY170Pct00.39170
IRS990ScheduleA/PublicSupportTotal170Amt01873636
IRS990ScheduleA/SubstantialContributorsTotAmt01465360
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0586182
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0444857
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01827727
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0231079
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0249151
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03338996
IRS990ScheduleA/TotalSupportAmt03858027
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/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt08434516
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02232483
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010666999
IRS990ScheduleD/EquipmentGrp/BookValueAmt036987
IRS990ScheduleD/EquipmentGrp/DepreciationAmt042061
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt079048
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt02829801
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02829801
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02235336
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0521305
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02756641
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0158145
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1107857
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt296569
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt31366290
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt423684
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM RELATED PARTIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2MORTGAGE ESCROW DEPOSITS - TAX AND INSURANCE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3REPLACEMENT RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4OTHER RESERVES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt026118
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11211564
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED INTEREST
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0SECURITY DEPOSITS CONSIST OF TENANT SECURITY DEPOSITS COLLECTED AT MOVE-IN. THESE FUNDS ARE REFUNDED TO THE TENANTS UPOIN MOVE-OUT.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt013536640
IRS990ScheduleD/TotalBookValueOtherAssetsAmt01752545
IRS990ScheduleD/TotalLiabilityAmt01237682
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE ARE NO OTHER COMMITTEES OTHER THAN THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TAX RETURN IS REVIEWED BY THE FINANCE CONSULTANT AND THE PRESIDENT AND CEO OF COMMONWEALTH LAND TRUST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MONITORS THE POLICY ON A CASE BY CASE BASIS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPARABILITY DATA FOR THE CEO IS REVIEWED ANNUALLY IN THE FORM OF PUBLICALLY ACCESSIBLE 990S FROM SIMILAR BOSTON-AREA ORGANIZATIONS. WHENEVER THIS RESEARCH IS CONDUCTED, IT IS CLEAR THAT CLT'S CEO IS (SIGNIFICANTLY) UNDERCOMPENSATED RELATIVE TO HER PEERS IN THE INDUSTRY OPERATING SIMILAR-SIZED ORGANIZATIONS INVOLVED IN SIMILAR TYPES OF WORK/MISSION. THIS INFORMATION IS COMMUNICATED TO CLT'S BOARD (WHO ARE ALSO WELL-AWARE, GIVEN THEIR EXPERIENCE AND CONNECTIONS IN THE SECTOR, THAT THE CEO IS UNDERCOMPENSATED) TO SEEK THEIR APPROVAL PRIOR TO ANY INCREASES TO THE CEO'S SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, POLICIES AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$26,762,304
Liabilities
$17,433,204
Net assets
$9,329,100
Revenue
$3,157,095
Expenses
$2,809,785
Net income
$347,310
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.7$22.2$15.5$12.3$9.55$2.79
2023Detailed filing. Detailed filing data is available for this year.$29.9$17.2$12.7$7.55$6.95$0.59
2022Detailed filing. Detailed filing data is available for this year.$30.6$18.4$12.1$7.24$5.99$1.24
2021Detailed filing. Detailed filing data is available for this year.$29.7$18.7$11.0$6.51$4.88$1.63
2020Detailed filing. Detailed filing data is available for this year.$26.5$17.1$9.35$4.25$3.78$0.47
2019Detailed filing. Detailed filing data is available for this year.$25.8$16.9$8.87$3.86$3.44$0.42
2018Detailed filing. Detailed filing data is available for this year.$25.6$17.2$8.45$3.72$3.77$0.05
2017Detailed filing. Detailed filing data is available for this year.$25.6$17.1$8.50$3.66$4.49$0.83
2016Detailed filing. Detailed filing data is available for this year.$26.8$17.4$9.33$3.16$2.81$0.35
2015Detailed filing. Detailed filing data is available for this year.$26.8$17.8$8.98$2.96$2.67$0.29
2014Detailed filing. Detailed filing data is available for this year.$26.7$18.0$8.70$3.05$1.33$1.72
2013Detailed filing. Detailed filing data is available for this year.$13.3$6.18$7.16$1.37$1.21$0.17
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.1$5.10$6.99$1.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.70$3.85$5.86$0.98
2010Summary only. Only limited summary data is available for this year.$10.5$7.20$3.34$2.13$1.90$0.23