Civic Intelligence

New Point Acquisitions Inc

EIN 82-3403457 • 501(c)3 • Salem, MA

Profile

To buy, sell, manage, lease, develop, and otherwise deal with affordable housing.

96 Lafayette StreetSalem, MA 01970

northshorecdc.org

Siviq Scores

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

Liabilities / Assets

18th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

19th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

100th percentile

100%

Higher net margin than 100% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

59th percentile

7.2%

Faster asset growth than 59% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-95%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,068,976

Up $138,976 (+7.2%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$2,068,976

Up $138,976 (+7.2%) from 2023

Revenue

Down

$138,976

Down $2,425,324 (-95%) from 2023

Expenses

Down

$0

Down $44,484 (-100%) from 2023

Net Income

Down

$138,976

Down $2,380,840 (-94%) from 2023

Trend Graphs

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2017: $2,129,696Liabilities 2017: $2,119,630Net Assets 2017: $10,0662017Assets 2018: $3,031,416Liabilities 2018: $3,152,245Net Assets 2018: -$120,8292018Assets 2019: $2,560,703Liabilities 2019: $2,840,453Net Assets 2019: -$279,7502019Assets 2020: $2,663,137Liabilities 2020: $3,075,783Net Assets 2020: -$412,6462020Assets 2021: $2,785,131Liabilities 2021: $3,354,544Net Assets 2021: -$569,4132021Assets 2022: $3,356,497Liabilities 2022: $3,946,313Net Assets 2022: -$589,8162022Assets 2023: $1,930,000Liabilities 2023: $0Net Assets 2023: $1,930,0002023Assets 2024: $2,068,976Liabilities 2024: $0Net Assets 2024: $2,068,9762024

Highlighted filing

2024

Assets$2,068,976
Liabilities$0
Net Assets$2,068,976

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $11,368Expenses 2017: $1,302Net Income 2017: $10,0662017Revenue 2018: $257,802Expenses 2018: $388,697Net Income 2018: -$130,8952018Revenue 2019: $288,958Expenses 2019: $447,879Net Income 2019: -$158,9212019Revenue 2020: $216,501Expenses 2020: $349,397Net Income 2020: -$132,8962020Revenue 2021: $194,037Expenses 2021: $350,804Net Income 2021: -$156,7672021Revenue 2022: $237,379Expenses 2022: $257,782Net Income 2022: -$20,4032022Revenue 2023: $2,564,300Expenses 2023: $44,484Net Income 2023: $2,519,8162023Revenue 2024: $138,976Expenses 2024: $0Net Income 2024: $138,9762024

Highlighted filing

2024

Revenue$138,976
Expenses$0
Net Income$138,976

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.2
Gross Receipts
$138,976
Mission and Program Overview

Mission

To buy, sell, manage, lease, develop, and otherwise deal with affordable housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,930,000$1,930,000→ $0
Accounts Receivable-$138,976-
Rtn Earn Endowment Incm Other Fnds$0$138,976▲ $138,976
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,930,000$2,068,976▲ $138,976
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,930,000$2,068,976▲ $138,976
Total Liabilities and Net Assets / Fund Balance$1,930,000$2,068,976▲ $138,976
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Felicia PierceChief Executive Officer, President & DirectorFT$233,103$233,103

Board Members and Trustees

NameTitle
Felicia PierceChief Executive Officer, President &
Sarah TarbetPresident & Director
Faith Glickman RossiVice President & Director
Diana MorenoClerk & Director
Brian CastellanosDirector
Eileen QuinnDirector
Elisa CastilloDirector
Frank NitkiewiczDirector
Hannah Gillian CommossDirector
Mikki WilsonDirector
Rob LegalloDirector
Xavier ColeDirector
Jason PinaDirector of Portfolio Management
Ilene VogelDirector of Real Estate
Naomi CottrellTreasurer & Director
Ariel NoesiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$138,976
Other Revenue
$0
Change in Net Assets
$138,976
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$0
Other Expenses$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$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
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Section A, Line 3

Management fees are paid to peabody properties, inc.

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

The 990 will be presented to the board prior to filing, for review and discussion.

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

A written disclosure must be circulated to all the directors of the corporation annually.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
New Point Acquisitions Inc
EIN
82-3403457
Phone
9787458071
Address
96 LAFAYETTE STREET, SALEM, MA 01970

Signing Officer

Name
Felicia Pierce
Title
Chief Executive Officer
Phone
9787458071
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Felicia Pierce
Formed
2017
Legal Domicile
Ma
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
13

Preparer

Firm
Novogradac & Company Llp
Address
211 CONGRESS STREET SUITE 710, BOSTON, MA 02110
Preparer
Charles a Rhuda Iii
Phone
6173301920
Supplemental Narrative

Additional Explanations

FORM 990, PART IV, LINE 12B:

As of the date of filing the audit has not yet been completed. Form 990 has been prepared based on the best information available. Should information substantially change upon completion of the audit, appropriate action will be taken.

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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt050183
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt036132
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0148490
IRS990ScheduleA/TotalSupportAmt0149751
IRS990/ScheduleBRequiredInd00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1130669
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt2144200
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt20
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt144311
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt219899
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0FELICIA PIERCE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JASON PINA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2ILENE VOGEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CHIEF EXECUTIVE OFFICER, PRESIDENT &
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIRECTOR OF PORTFOLIO MANAGEMENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2DIRECTOR OF REAL ESTATE
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE INDIVIDUALS REPORTED IN SCHEDULE J PART II ARE COMPENSATED BY A RELATED ORGANIZATION. THE RELATED ORGANIZATION USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION: -FORM 990 OF OTHER ORGANIZATIONS -APPROVAL BY THE BOARD
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AS OF THE DATE OF FILING THE AUDIT HAS NOT YET BEEN COMPLETED. FORM 990 HAS BEEN PREPARED BASED ON THE BEST INFORMATION AVAILABLE. SHOULD INFORMATION SUBSTANTIALLY CHANGE UPON COMPLETION OF THE AUDIT, APPROPRIATE ACTION WILL BE TAKEN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT FEES ARE PAID TO PEABODY PROPERTIES, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 WILL BE PRESENTED TO THE BOARD PRIOR TO FILING, FOR REVIEW AND DISCUSSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A WRITTEN DISCLOSURE MUST BE CIRCULATED TO ALL THE DIRECTORS OF THE CORPORATION ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART IV, LINE 12B:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd50
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd70
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IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt1C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt2C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt3C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt4C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt5C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt6C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt7C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd1MA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd2MA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd3MA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd4MA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd5MA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd6MA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd7MA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0PROPERTY MANAGEMENT
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt1AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt2AFFORDABLE HOUSING

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