Mission Towers
- Assets
- $7.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 16
- Location
- Haverhill, MA
- Founding
- 11/1971
- Data as of
- 12/2023
- EIN
- 23-7138152
Organization Overview
Mission Towers is located in Haverhill, MA. The organization was established in 1971. 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. As of 12/2023, Mission Towers employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mission Towers 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, Mission Towers generated $1.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 5.6% per year over the past 9 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 PROVIDE AFFORDABLE HOUSING, MEALS AND CONGREGATE SERVICES FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED 117 UNITS OF AFFORDABLE HOUSING AND SUPPORT SERVICES FOR ELDERLY TENANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Vozeolas Chair | OfficerTrustee | 0.25 | $0 |
John Debaun Treasurer | OfficerTrustee | 0.25 | $0 |
Thomas Faulkner Clerk | OfficerTrustee | 0.25 | $0 |
Stephen Corcoran Director | Trustee | 0.1 | $0 |
Brian Farmer Director | Trustee | 0.1 | $0 |
Paul Johnson Director | Trustee | 0.1 | $0 |
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 | $1,741,369 |
| Investment income | $44,727 |
| 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 | $1,786,096 |
| 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 | $399,048 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $81,147 |
| Payroll taxes | $35,124 |
| Fees for services: Management | $140,180 |
| Fees for services: Legal | $1,210 |
| Fees for services: Accounting | $23,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,319 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $33,162 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $208,072 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,404 |
| Interest | $204,328 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $326,863 |
| Insurance | $46,434 |
| All other expenses | $0 |
| Total functional expenses | $1,678,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,239 |
| Savings and temporary cash investments | $211,762 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,471 |
| 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 | $29,425 |
| Net Land, buildings, and equipment | $5,620,219 |
| Investments—publicly traded securities | $1,226,298 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,175,414 |
| Accounts payable and accrued expenses | $113,474 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,726,688 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,840,162 |
| Net assets without donor restrictions | $3,335,252 |
| 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 | $7,175,414 |