Civic Intelligence

First Church in Malden Homes Inc

EIN 23-7099111 • 501(c)3 • Malden, MA

View Organization Page

Profile

The organization's mission is to provide financing for low to moderate income housing projects, as well as to own, operate, and develop a low to moderate income housing project.

195 Pleasant StreetMalden, MA 02148

www.heritage195.com

Siviq Scores

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

Liabilities / Assets

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

13th percentile

0.02x

Higher debt load relative to revenue than 13% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

95th percentile

76%

Higher net margin than 95% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

73rd percentile

$274,416

Higher top officer pay than 73% of similar nonprofits.

Top officer pay equals 18.1% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

59th percentile

7.2%

Faster asset growth than 59% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

81st percentile

39%

Faster revenue growth than 81% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$17,233,056

Up $1,159,896 (+7.2%) from 2023

Liabilities

Up

$24,659

Up $5,204 (+27%) from 2023

Net Assets

Up

$17,208,397

Up $1,154,692 (+7.2%) from 2023

Operations
Liabilities / Revenue13th percentileNet Margin95th percentile

Revenue

Up

$1,515,368

Up $421,905 (+39%) from 2023

Expenses

Up

$364,986

Up $266,364 (+270%) from 2023

Net Income

Up

$1,150,382

Up $155,541 (+16%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth59th percentile

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

$20M$15M$10M$5.0M$0Assets 2010: $6,581,277Liabilities 2010: $55,529Net Assets 2010: $6,525,7482010Assets 2011: $8,107,094Liabilities 2011: $151,569Net Assets 2011: $7,955,5252011Assets 2012: $8,261,265Liabilities 2012: $7,500Net Assets 2012: $8,253,7652012Assets 2013: $8,493,268Liabilities 2013: $7,500Net Assets 2013: $8,485,7682013Assets 2014: $8,703,250Liabilities 2014: $7,500Net Assets 2014: $8,695,7502014Assets 2015: $8,911,301Liabilities 2015: $7,500Net Assets 2015: $8,903,8012015Assets 2016: $9,036,135Liabilities 2016: $7,500Net Assets 2016: $9,028,6352016Assets 2017: $9,342,549Liabilities 2017: $7,500Net Assets 2017: $9,335,0492017Assets 2018: $9,914,186Liabilities 2018: $8,750Net Assets 2018: $9,905,4362018Assets 2019: $11,415,657Liabilities 2019: $9,200Net Assets 2019: $11,406,4572019Assets 2020: $12,757,032Liabilities 2020: $11,854Net Assets 2020: $12,745,1782020Assets 2021: $13,778,139Liabilities 2021: $7,400Net Assets 2021: $13,770,7392021Assets 2022: $15,071,972Liabilities 2022: $20,869Net Assets 2022: $15,051,1032022Assets 2023: $16,073,160Liabilities 2023: $19,455Net Assets 2023: $16,053,7052023Assets 2024: $17,233,056Liabilities 2024: $24,659Net Assets 2024: $17,208,3972024

Highlighted filing

2024

Assets$17,233,056
Liabilities$24,659
Net Assets$17,208,397
Open 2024 Filing

Operations Trend

Revenue Growth81st percentile

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

$2.0M$1.5M$1.0M$500K$0Expenses 2010: $1,308,8592010Expenses 2011: $11,2162011Expenses 2012: $111,7712012Revenue 2013: $271,587Expenses 2013: $33,735Net Income 2013: $237,8522013Revenue 2014: $249,896Expenses 2014: $32,640Net Income 2014: $217,2562014Revenue 2015: $225,873Expenses 2015: $45,756Net Income 2015: $180,1172015Revenue 2016: $174,165Expenses 2016: $56,036Net Income 2016: $118,1292016Revenue 2017: $360,968Expenses 2017: $36,716Net Income 2017: $324,2522017Revenue 2018: $647,128Expenses 2018: $48,819Net Income 2018: $598,3092018Revenue 2019: $1,863,973Expenses 2019: $48,392Net Income 2019: $1,815,5812019Revenue 2020: $1,362,776Expenses 2020: $48,769Net Income 2020: $1,314,0072020Revenue 2021: $1,095,280Expenses 2021: $48,859Net Income 2021: $1,046,4212021Revenue 2022: $1,401,823Expenses 2022: $80,176Net Income 2022: $1,321,6472022Revenue 2023: $1,093,463Expenses 2023: $98,622Net Income 2023: $994,8412023Revenue 2024: $1,515,368Expenses 2024: $364,986Net Income 2024: $1,150,3822024

Highlighted filing

2024

Revenue$1,515,368
Expenses$364,986
Net Income$1,150,382
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,233,056
Liabilities
$24,659
Net assets
$17,208,397
Revenue
$1,515,368
Expenses
$364,986
Net income
$1,150,382
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.2$0.02$17.2$1.52$0.36$1.15
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.1$0.02$16.1$1.09$0.10$0.99
2022Detailed filing. Detailed filing data is available for this year.$15.1$0.02$15.1$1.40$0.08$1.32
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.8$0.01$13.8$1.10$0.05$1.05
2020Detailed filing. Detailed filing data is available for this year.$12.8$0.01$12.7$1.36$0.05$1.31
2019Detailed filing. Detailed filing data is available for this year.$11.4$0.01$11.4$1.86$0.05$1.82
2018Detailed filing. Detailed filing data is available for this year.$9.91$0.01$9.91$0.65$0.05$0.60
2017Detailed filing. Detailed filing data is available for this year.$9.34$0.01$9.34$0.36$0.04$0.32
2016Detailed filing. Detailed filing data is available for this year.$9.04$0.01$9.03$0.17$0.06$0.12
2015Detailed filing. Detailed filing data is available for this year.$8.91$0.01$8.90$0.23$0.05$0.18
2014Detailed filing. Detailed filing data is available for this year.$8.70$0.01$8.70$0.25$0.03$0.22
2013Detailed filing. Detailed filing data is available for this year.$8.49$0.01$8.49$0.27$0.03$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.26$0.01$8.25$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.11$0.15$7.96$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.58$0.06$6.53$1.31
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$1,515,368
Mission and Program Overview

Mission

The organization's mission is to provide financing for low to modern income housing projects, as well as to own, operate, and develop a low to moderate income housing project.

To acquire, construct and operate an interest in affordable housing in malden, massachusetts.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$15,486,458$16,887,322▲ $1,400,864
Other Notes and Loans Receivable, Net$504,167$232,772▼ $271,395
Investments Program Related$70,742$92,008▲ $21,266
Cash and Non-Interest-Bearing Accounts$11,593$20,754▲ $9,161
Total Assets$16,073,160$17,233,056▲ $1,159,896
Other Assets Total$200$200→ $0
Liabilities
Accounts Payable and Accrued Expenses$13,200$18,415▲ $5,215
Other Liabilities$6,255$6,244▼ $11
Total Liabilities$19,455$24,659▲ $5,204
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,053,705$17,208,397▲ $1,154,692
Total Net Assets Fund Balance$16,053,705$17,208,397▲ $1,154,692
Total Liabilities and Net Assets / Fund Balance$16,073,160$17,233,056▲ $1,159,896
Compensation and Service Providers
Top Officer Pay73rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen FrazierExecutive DirectorPT$226,080$48,336$274,416
Paul FrazierService Manager-$117,289$33,281$150,570
Maria FrazierService Coordinator-$121,344$12,134$133,478

Board Members and Trustees

NameTitle
Paul FrazierPresident
Peter DemirdjianVice President
James C LongDirector
John OteriDirector
Patricia DemirdjianDirector
Jeffrey ParksSecretary
William ConleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$34,725
Program Service Revenue
$1,374,687
Investment Income
$105,918
Other Revenue
$38
All Other Contributions
$34,725
Change in Net Assets
$1,150,382

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,515,368
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$4,310
Total Revenue per Audited Statements
$1,519,678
Total Revenue per Form 990
$1,515,368
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$313,986
Salaries, Compensation, and Employee Benefits$51,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses-$281,478-$281,478
Current Officers, Directors, Trustees, and Key Employees$17,500$33,500-$51,000
Fees for Services Accounting-$24,100-$24,100
Office Expenses-$8,408-$8,408
Total Functional Expenses$17,500$347,486$0$364,986

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$364,986
Total Expenses per Audited Statements$364,986
Total Expenses per Form 990$364,986
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Maria FrazierFamily Member of Executive DirectorCompensation Paid to Family MemberNo$133,478
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$6,244
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Executive director stephen frazier and president paul frazier have a familial relationship. Vice president peter demirdjian and director patricia demirdjian have a familial relationship.”

Form 990, Part VI, Section A, Line 8B

“There are no committees with authority to act on behalf of the governing body.”

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

“The board and the executive director review form 990 prior to filing.”

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

“Executive director's salary is determined by the board.”

Form 990, Part VI, Section C, Line 19

“The organization makes the information available to the public upon request.”

Form 990, Part VII, Section A, Line 1A Column D

“The corporation acts as the employer of record for six staff members who work on heritage activities. The corporation received funds in the amount of $723,447 from heritage and paid payroll costs in the amount of $723,447 during the year ended december 31, 2024. 1) stephen frazier - the organization issued the w-2, but was partially reimbursed by heritage 195 pleasant street llc, a related party, for $223,416 of compensation for services provided to heritage street. 2) maria frazier - the organization issued the w-2, but was fully reimbursed by heritage 195 pleasant street llc, a related party, for the full amount of compensation on maria's form w-2.”

Filing and Contact Details

Filer

Filer Name
First Church in Malden Homes Inc
EIN
23-7099111
Phone
7813214545
Address
195 PLEASANT STREET, MALDEN, MA 02148
Doing Business As
The Heritage Apartments

Signing Officer

Name
Stephen Frazier
Title
Executive Director
Phone
7813214545
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephen Frazier
Formed
1968
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
7
Employees
6
Volunteers
15

Preparer

Firm
Cohnreznick Advisory LLC
Address
350 GRANITE STREET SUITE 1200, BRAINTREE, MA 02184
Preparer
Jolanta Tuck
Phone
7813803520
Supplemental Narrative

Additional Explanations

Form 990, Part I, Item C

“Dba: the heritage apartments”

Financial Statement Notes

PART X, LINE 2:

“The corporation qualifies as an organization formed for charitable purposes under section 501(c)(3) of the internal revenue code and is generally not subject to income tax. However, income from certain activities not directly related to the corporation's tax-exempt purpose is subject to taxation as unrelated business income. In addition, the corporation is not a private foundation under section 509(a)(1). Generally, the corporation's information returns remain open for possible examination for three years after the filing date. While no income tax returns are currently being examined by the internal revenue service, tax years since 2021 remain open. As of december 31, 2024, the corporation believes that there are no uncertain tax positions with any of its open tax years.”

Raw XML AppendixShowing 400 of 530 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/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt038
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt038
IRS990/MissionDesc0THE ORGANIZATION'S MISSION IS TO PROVIDE FINANCING FOR LOW TO MODERATE INCOME HOUSING PROJECTS, AS WELL AS TO OWN, OPERATE, AND DEVELOP A LOW TO MODERATE INCOME HOUSING PROJECT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt016053705
IRS990/NetAssetsOrFundBalancesEOYAmt017208397
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt04310
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt016053705
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt017208397
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt08408
IRS990/OfficeExpensesGrp/TotalAmt08408
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0200
IRS990/OtherAssetsTotalGrp/EOYAmt0200
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0DISCOUNT ACCRETION ON N
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0281478
IRS990/OtherExpensesGrp/TotalAmt0281478
IRS990/OtherLiabilitiesGrp/BOYAmt06255
IRS990/OtherLiabilitiesGrp/EOYAmt06244
IRS990/OtherRevenueTotalAmt038
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0504167
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0232772
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0STEPHEN FRAZIER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/BusinessCd3531390
IRS990/ProgramServiceRevenueGrp/BusinessCd4531390
IRS990/ProgramServiceRevenueGrp/Desc0TAX CREDIT COMPLIANCE
IRS990/ProgramServiceRevenueGrp/Desc1INCENTIVE MANAGEMENT F
IRS990/ProgramServiceRevenueGrp/Desc2PSP DISTRIBUTION INCOM
IRS990/ProgramServiceRevenueGrp/Desc3EQUITY IN GAIN OF INVE
IRS990/ProgramServiceRevenueGrp/Desc4INTEREST INCOME ON NOT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0463910
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1463910
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2399551
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt337233
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt410083
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0463910
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1463910
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2399551
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt337233
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt410083
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt029550
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt085955
IRS990/PYOtherExpensesAmt050300
IRS990/PYOtherRevenueAmt034
IRS990/PYProgramServiceRevenueAmt0977924
IRS990/PYRevenuesLessExpensesAmt0994841
IRS990/PYSalariesCompEmpBnftPaidAmt048322
IRS990/PYTotalExpensesAmt098622
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01093463
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01150382
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01374725
IRS990/SavingsAndTempCashInvstGrp/BOYAmt015486458
IRS990/SavingsAndTempCashInvstGrp/EOYAmt016887322
IRS990ScheduleA/FactsAndCircumstancesTestTxt0THE ORGANIZATION MEETS THE 10% FACTS AND CIRCUMSTANCES TEST DUE TO THE FOLLOWING FACTORS. 1). THE PUBLIC SUPPORT PERCENTAGE EXCEEDS 10%. 2). THE ORGANIZATION RECEIVES SUPPORT FROM PRIVATE CONTRIBUTIONS, GOVERNMENT GRANTS, AS WELL EARNINGS DERIVED FROM ACTIVITIES CARRYING OUT ITS MISSION OF AFFORDABLE HOUSING. 3). THE ORGANIZATION HAS BEEN IN EXISTENCE SINCE 1968 AND HAS CONTINUALLY OPERATED THE HERITAGE APARTMENTS, 176 RENTAL UNITS OF AFFORDABLE ELDERLY HOUSING AVAILABLE TO THE GENERAL PUBLIC AS WELL AS PROGRAMS & SERVICES FOR ITS RESIDENTS. 4). THE BOARD OF DIRECTORS REPRESENTS A BROAD RANGE OF INDIVIDUALS INCLUDING PRIVATE AND PUBLIC SECTOR EMPLOYEES, BUSINESS OWNERS AND RETIREES. 5). FOLLOWING THE RESTRUCTURING REQUIRED TO RENOVATE AND REFINANCE THE BUILDING IN 2012, UTILIZING THE LIHTC PROGRAM, CAPITAL THE ORGANIZATION PROVIDED AS PART OF ITS MISSION HAS BEEN RETURNED TO THE ORGANIZATION SOONER THAN ANTICIPATED. THE FUNDS HAVE BEEN DEPOSITED INTO INSURED, INTEREST BEARING ACCOUNTS UNTIL BEING REDEPLOYED.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2020 AMOUNT: $ 31. 2021 AMOUNT: $ 36. 2022 AMOUNT: $ 35. 2023 AMOUNT: $ 34. 2024 AMOUNT: $ 38.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt034725
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt029550
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt05799
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt05124
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt07660
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt082858
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0105918
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt073851
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt040605
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt031176
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt050615
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0302165
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt06071409
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt038
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt034
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt035
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt036
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt031
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0174
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.21510
IRS990ScheduleA/PublicSupportPY170Pct00.16540
IRS990ScheduleA/PublicSupportTotal170Amt082858
IRS990ScheduleA/TenPctFactsCrcmstncsTestCYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt034725
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt029550
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt05799
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt05124
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt07660
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt082858
IRS990ScheduleA/TotalSupportAmt0385197
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/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0364986
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt04310
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt06244
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/RevenueNotReportedAmt04310
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01515368
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION QUALIFIES AS AN ORGANIZATION FORMED FOR CHARITABLE PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS GENERALLY NOT SUBJECT TO INCOME TAX. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE CORPORATION'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THE CORPORATION IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). GENERALLY, THE CORPORATION'S INFORMATION RETURNS REMAIN OPEN FOR POSSIBLE EXAMINATION FOR THREE YEARS AFTER THE FILING DATE. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2021 REMAIN OPEN. AS OF DECEMBER 31, 2024, THE CORPORATION BELIEVES THAT THERE ARE NO UNCERTAIN TAX POSITIONS WITH ANY OF ITS OPEN TAX YEARS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0364986
IRS990ScheduleD/TotalLiabilityAmt06244
IRS990ScheduleD/TotalRevenuePerForm990Amt01515368
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01519678
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0364986
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0226080
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1117289
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt022608
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt111729
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt025728
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt121552
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0STEPHEN FRAZIER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1PAUL FRAZIER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1SERVICE MANAGER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0274416
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1150570
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0MARIA FRAZIER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FAMILY MEMBER OF EXECUTIVE DIRECTOR
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0133478
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0COMPENSATION PAID TO FAMILY MEMBER
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DBA: THE HERITAGE APARTMENTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXECUTIVE DIRECTOR STEPHEN FRAZIER AND PRESIDENT PAUL FRAZIER HAVE A FAMILIAL RELATIONSHIP. VICE PRESIDENT PETER DEMIRDJIAN AND DIRECTOR PATRICIA DEMIRDJIAN HAVE A FAMILIAL RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD AND THE EXECUTIVE DIRECTOR REVIEW FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EXECUTIVE DIRECTOR'S SALARY IS DETERMINED BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION MAKES THE INFORMATION AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE CORPORATION ACTS AS THE EMPLOYER OF RECORD FOR SIX STAFF MEMBERS WHO WORK ON HERITAGE ACTIVITIES. THE CORPORATION RECEIVED FUNDS IN THE AMOUNT OF $723,447 FROM HERITAGE AND PAID PAYROLL COSTS IN THE AMOUNT OF $723,447 DURING THE YEAR ENDED DECEMBER 31, 2024. 1) STEPHEN FRAZIER - THE ORGANIZATION ISSUED THE W-2, BUT WAS PARTIALLY REIMBURSED BY HERITAGE 195 PLEASANT STREET LLC, A RELATED PARTY, FOR $223,416 OF COMPENSATION FOR SERVICES PROVIDED TO HERITAGE STREET. 2) MARIA FRAZIER - THE ORGANIZATION ISSUED THE W-2, BUT WAS FULLY REIMBURSED BY HERITAGE 195 PLEASANT STREET LLC, A RELATED PARTY, FOR THE FULL AMOUNT OF COMPENSATION ON MARIA'S FORM W-2.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, ITEM C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VII, SECTION A, LINE 1A COLUMN D
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0FIRST CHURCH IN MALDEN HOMES INC

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