Second Association Properties Inc
- Assets
- $169.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, MA
- Founding
- 06/1991
- Data as of
- 06/2023
- EIN
- 04-3112143
Organization Overview
Second Association Properties Inc is located in Springfield, MA. The organization was established in 1991. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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. Second 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 06/2023, Second Association Properties Inc generated $65.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $69.5k during the year ending 06/2023. While expenses have increased by 1.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION OPERATED A 4 BEDROOM GROUP HOME UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE GROUP HOME HOUSES PEOPLE WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Fasano President & CEO | 40 | $0 | |
Denise Cogman Chair | 1 | $0 | |
Jacqueline Johnson Vice Chair | 1 | $0 | |
Donna-Rae Kenneally Treasurer | 1 | $0 | |
Michael Brassard Director | 1 | $0 | |
John A Odierna Director (end 10/2022) | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $65,540 |
| Membership dues | $0 |
| Investment income | $8 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $65,548 |
| 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 | $4,000 |
| Occupancy, rent, utilities, and maintenance | $56,798 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,714 |
| Total expenses | $69,512 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18,221 |
| Other assets | $0 |
| Total assets | $169,085 |
| Total liabilities | $160,949 |
| Net assets or fund balances | $8,136 |