Quincy Point Congregational Church Homes Inc
- Assets
- $91.1m
- Revenue
- $3.4m
- Investments
- $6.5m
- Employees
- 1
- Location
- Quincy, MA
- Founding
- 12/1964
- Data as of
- 06/2021
- EIN
- 04-2393288
Organization Overview
Quincy Point Congregational Church Homes Inc is located in Quincy, MA. The organization was established in 1964. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Quincy Point Congregational Church Homes Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2021, Quincy Point Congregational Church Homes Inc generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $3.2m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND HANDICAPPED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST IN THE MANAGEMENT FOR A 640 UNIT HOUSING COMPLEX THAT PROVIDES AFFORDABLE HOUSING TO THE ELDERLY, AND SUPPORT SOCIAL ACTIVITIES FOR THE RESIDENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Baharian Executive Director | 40 | $372,385 | |
Richard Grande President | OfficerTrustee | 2 | $0 |
Michelle Cazeau Vice President | OfficerTrustee | 2 | $0 |
Michael Mcfarland Treasurer | OfficerTrustee | 2 | $0 |
Chad Graybill Trustee | Trustee | 2 | $0 |
Paul Baharian Clerk | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $802,370 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,543,950 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,401,852 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,550,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $519,420 |
| Pension plan accruals and contributions | $25,000 |
| Other employee benefits | $20,439 |
| Payroll taxes | $16,436 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $22,031 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,415 |
| Advertising and promotion | $0 |
| Office expenses | $465 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $774 |
| Insurance | $21,412 |
| All other expenses | $1,358 |
| Total functional expenses | $3,188,750 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,208,378 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $38,455,937 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,696 |
| Net Land, buildings, and equipment | $396 |
| Investments—publicly traded securities | $42,812,897 |
| Investments—other securities | $6,473,115 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $88,823 |
| Total assets | $91,051,242 |
| Accounts payable and accrued expenses | $73,825 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $73,825 |
| Net assets without donor restrictions | $90,977,417 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $91,051,242 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Quincy Point Congregational Church Homes Inc has recieved totaling $18.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $18 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chayim Vchesed Inc Brooklyn, NY | $4,624,709 | $20,578,750 |
Family Life Ministries Inc Bath, NY | $17,860,923 | $9,093,458 |
Brothers Of Mercy Of Montabaur Apartment Complex Inc Clarence, NY | $17,902,885 | $4,243,633 |
Resist Inc Jamaica Plain, MA | $7,004,475 | $7,102,680 |
Community Life Center Inc New York, NY | $644,812 | $3,859,837 |
Quincy Point Congregational Church Homes Inc Quincy, MA | $91,051,242 | $3,401,852 |
Tools Of The Mind Shirley, MA | $4,682,421 | $5,282,072 |
Overcoming Love Ministries Inc Woodhaven, NY | $3,350,912 | $2,614,539 |
Servants Of The Word Inc Glens Falls, NY | $3,237,962 | $3,756,976 |
Camp Hasc Inc Brooklyn, NY | $5,763,474 | $3,581,711 |
Freeport Bible Center Inc Freeport, NY | $4,188,927 | $2,667,487 |
Hoffberger Fund For Biblical Studies Ltd Inwood, NY | $993,193 | $2,815,273 |