402 Rindge Corporation Co Just A Start
- Assets
- $16.3m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- Data as of
- 06/2015
- EIN
- 04-3319497
Organization Overview
402 Rindge Corporation Co Just A Start is located in Cambridge, MA. 402 Rindge Corporation Co Just A Start is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2015
Describe the Organization's Mission:
Part 3 - Line 1
TO ENGAGE IN THE OPERATION OF LOW INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ACQUIRE, FOR RENTAL PURPOSES, 273 UNITS OF LOW INCOME HOUSING OPERATING UNDER EXISTING US HUD GUIDELINES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Ruhe President | OfficerTrustee | 0.2 | $0 |
Lauren Curry Clerk | OfficerTrustee | 0.2 | $0 |
Ruby Pierce Donohue Treasurer | OfficerTrustee | 0.2 | $0 |
Nancy Ray Outgoing Director | Trustee | 0.2 | $0 |
Anita Reed Director | Trustee | 0.2 | $0 |
Ismail Laher Director | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $4,267 |
| 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 | $3,953,105 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $180,908 |
| Fees for services: Legal | $11,062 |
| Fees for services: Accounting | $34,465 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $604,053 |
| Advertising and promotion | $0 |
| Office expenses | $58,391 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,528,545 |
| 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 | $464,785 |
| Insurance | $2,038 |
| All other expenses | $0 |
| Total functional expenses | $3,039,691 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $466,673 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,614 |
| 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 | $37,579 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,465,624 |
| Total assets | $16,306,829 |
| Accounts payable and accrued expenses | $283,956 |
| Grants payable | $0 |
| Deferred revenue | $17,610 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $144,792 |
| 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 | $446,358 |
| Net assets without donor restrictions | $15,860,471 |
| 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 |
| Total liabilities and net assets/fund balances | $15,860,471 |
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