Montello Affordable Housing Corporation
- Assets
- $301.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brockton, MA
- Founding
- 01/2000
- Data as of
- 12/2023
- EIN
- 04-3492953
Organization Overview
Montello Affordable Housing Corporation is located in Brockton, MA. The organization was established in 2000. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Montello Affordable Housing Corporation 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 12/2023, Montello Affordable Housing Corporation generated $65.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $35.3k during the year ending 12/2023. While expenses have increased by 2.5% 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
AFFORDABLE HOUSING AND NEIGHBORHOOD REVITALIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Thibeault Executive Di | 0 | $0 | |
Gerard Nadeau President | 0 | $0 | |
Betsy Price Treasurer | 0 | $0 | |
Lucy Nugent Clerk | 0 | $0 | |
Ernest Pettiford Officer | 0 | $0 | |
Timothy Sullivan Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $54,506 |
| Total Program Service Revenue | $10,027 |
| Membership dues | $0 |
| Investment income | $487 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $65,020 |
| 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 | $3,211 |
| Occupancy, rent, utilities, and maintenance | $4,605 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $27,522 |
| Total expenses | $35,338 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $219,974 |
| Other assets | $0 |
| Total assets | $301,615 |
| Total liabilities | $87,693 |
| Net assets or fund balances | $213,922 |