Mishawum Park Tenants Association Inc
- Assets
- $39.1m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Braintree, MA
- Founding
- 03/1997
- Data as of
- 09/2019
- 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.
For the year ending 09/2019, Mishawum Park Tenants Association Inc generated $4.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $6.0m during the year ending 09/2019. While expenses have increased by 1.8% per year over the past 5 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
2019
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 |
|---|---|---|---|
Teri Muscarella Secretary | OfficerTrustee | 1 | $0 |
Paul Sullivan Vice Chair | OfficerTrustee | 1 | $0 |
William Donohue Assistant Treasurer | OfficerTrustee | 1 | $0 |
Michael Johnson Treasurer | OfficerTrustee | 1 | $0 |
Donna Wallace President/chair | OfficerTrustee | 1 | $0 |
Jan Brown Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Peabody Properties Inc Property Management | 9/29/19 | $173,090 |
Jrc Carpets Carpeting & Flooring | 9/29/19 | $101,992 |
Red Hand Construction Construction | 9/29/19 | $240,925 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $13,768 |
| 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 | $4,677,846 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $652,739 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $132,288 |
| Payroll taxes | $61,513 |
| Fees for services: Management | $186,342 |
| Fees for services: Legal | $28,458 |
| Fees for services: Accounting | $38,798 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,035 |
| Advertising and promotion | $0 |
| Office expenses | $90,730 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,055,596 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $610,760 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,415,362 |
| Insurance | $232,070 |
| All other expenses | $0 |
| Total functional expenses | $5,991,777 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,630 |
| Savings and temporary cash investments | $530,475 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,005 |
| 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 | $207,921 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,181,956 |
| Total assets | $39,068,232 |
| Accounts payable and accrued expenses | $456,216 |
| Grants payable | $0 |
| Deferred revenue | $65,867 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $205,149 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $25,989,417 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $26,716,649 |
| Net assets without donor restrictions | $12,351,583 |
| 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 |
| Total liabilities and net assets/fund balances | $12,351,583 |
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|---|---|---|
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Highbridge Community Housing Development Fund Corporation Bronx, NY | $41,225,680 | $9,090,923 |
Cambridge Affordable Housing Corporation Cambridge, MA | $136,870,580 | $10,886,409 |
New Samaritan Corporation Inc Storrs, CT | $11,945,749 | $11,022,602 |
Hudson River Housing Poughkeepsie, NY | $25,741,692 | $11,588,329 |
Boston Tremont Housing Development Fund Corporation New York, NY | $19,311,527 | $14,902,281 |
Fit-Nhnh Inc Manchester, NH | $20,211,623 | $14,555,429 |
Augustus & James Corporation New York, NY | $14,841,846 | $11,349,706 |
Equinox Inc Albany, NY | $6,087,418 | $9,728,215 |
Rupco Inc Kingston, NY | $18,056,705 | $9,570,443 |
Cambridge Community Housing Development Inc Cambridge, MA | $54,272,109 | $7,145,171 |