Mishawum Park Tenants Association Inc
- Assets
- $33.7m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Braintree, MA
- Founding
- 03/1997
- Data as of
- 09/2023
- EIN
- 04-3314609
Organization Overview
Mishawum Park Tenants Association Inc is located in Braintree, MA. The organization was established in 1997. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Mishawum Park Tenants Association 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 09/2023, Mishawum Park Tenants Association Inc generated $5.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $6.5m during the year ending 09/2023. While expenses have increased by 2.2% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE, ACQUIRE, REHABILITATE AND OPERATE THE EXISTING AFFORDABLE HOUSING PROJECT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO IMPROVE, ACQUIRE, REHABILITATE AND OPERATE THE EXISTING AFFORDABLE HOUSING PROJECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Sullivan Chair | OfficerTrustee | 1 | $0 |
John Ward Vice Chair (as Of 3/13/23) | OfficerTrustee | 1 | $0 |
Michael Johnson Treasurer | OfficerTrustee | 1 | $0 |
Joseph Sullivan Assistant Treasurer (as Of 3/13/23) | OfficerTrustee | 1 | $0 |
Donna Wallace Secretary | OfficerTrustee | 1 | $0 |
Jan Brown Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Peabody Properties Inc Property Management | 9/29/23 | $1,454,851 |
John Twomey Contractor | 9/29/23 | $129,387 |
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 | $4,985,207 |
| Investment income | $29,295 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,016,514 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $874,880 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $182,955 |
| Payroll taxes | $85,072 |
| Fees for services: Management | $198,434 |
| Fees for services: Legal | $48,540 |
| Fees for services: Accounting | $41,862 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,080 |
| Advertising and promotion | $360 |
| Office expenses | $146,373 |
| Information technology | $33,208 |
| Royalties | $0 |
| Occupancy | $1,307,624 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $393,906 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,485,050 |
| Insurance | $503,508 |
| All other expenses | $0 |
| Total functional expenses | $6,511,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,060 |
| Savings and temporary cash investments | $295,530 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $193,483 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $258,543 |
| Net Land, buildings, and equipment | $28,093,510 |
| Investments—publicly traded securities | $331,866 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,499,096 |
| Total assets | $33,684,088 |
| Accounts payable and accrued expenses | $830,656 |
| Grants payable | $0 |
| Deferred revenue | $120,855 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $210,132 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $26,536,974 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,698,617 |
| Net assets without donor restrictions | $5,985,471 |
| 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 | $33,684,088 |