First Association Properties Inc
- Assets
- $466.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, MA
- Founding
- 12/1994
- Data as of
- 06/2022
- EIN
- 04-3088163
Organization Overview
First Association Properties Inc is located in Springfield, MA. The organization was established in 1994. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. First Association Properties Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, First Association Properties Inc generated $133.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $126.8k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION OPERATED A 4-BEDROOM AND A 5-BEDROOM GROUP HOME UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE GROUP HOMES HOUSE PEOPLE WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Cogman Chair | 1 | $0 | |
Cheryl Fasano President & CEO | 40 | $0 | |
Jacqueline Johnson Vice Chair | 1 | $0 | |
Donna-Rae Kenneally Treasurer | 1 | $0 | |
Michael Brassard Director | 1 | $0 | |
Kathy Reid Clerk (end 10/2021) | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,000 |
| Total Program Service Revenue | $132,192 |
| Membership dues | $0 |
| Investment income | $13 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $133,205 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $6,615 |
| Occupancy, rent, utilities, and maintenance | $73,061 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $47,111 |
| Total expenses | $126,787 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $34,380 |
| Other assets | $0 |
| Total assets | $466,586 |
| Total liabilities | $371,446 |
| Net assets or fund balances | $95,140 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that First Association Properties Inc has recieved totaling $10,050.
| Awarding Organization | Amount |
|---|---|
Mental Health Association Inc Springfield, MA PURPOSE: RESIDENTIAL AND SUPPORT SERVICES | $10,050 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooksby Village Inc Peabody, MA | $455,308,698 | $77,450,637 |
Linden Ponds Inc Hingham, MA | $366,102,829 | $68,847,923 |
New York Foundation For Senior Citizens Home Attendant Services I New York, NY | $24,976,445 | $43,263,283 |
Active Retirement Community Inc South Setauket, NY | $204,676,750 | $34,139,621 |
Kendal At Hanover I Hanover, NH | $202,821,277 | $31,489,711 |
Mclean Affiliates Inc Simsbury, CT | $119,028,138 | $28,380,962 |
Israel Senior Citizens Housing Development Fund Corp New York, NY | $56,551,856 | $8,736,330 |
Woodland Pond Inc New Paltz, NY | $75,307,773 | $23,806,053 |
Lasell Village Inc Auburndale, MA | $102,869,314 | $21,782,150 |
Riverwoods Durham Durham, NH | $126,625,985 | $17,724,252 |
Colgate Palmolive Post Retirement Veba Tr New York, NY | $1,964,886 | $6,599,849 |
Orchard Park Ccrc Inc Orchard Park, NY | $79,217,375 | $18,334,727 |