Union Congregational Church Homes Inc
- Assets
- $42.6m
- Revenue
- $5.1m
- Investments
- $0.0
- Employees
- 18
- Location
- Weymouth, MA
- Founding
- 01/1973
- Data as of
- 12/2022
- EIN
- 23-7253740
Organization Overview
Union Congregational Church Homes Inc is located in Weymouth, MA. The organization was established in 1973. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Union Congregational Church Homes Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Union Congregational Church Homes 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 12/2022, Union Congregational Church Homes Inc generated $5.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $4.0m during the year ending 12/2022. While expenses have increased by 12.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE QUALITY DIGNIFIED HOUSING AND RELATED SUPPORT SERVICES TO LOW INCOME ELDERLY
Describe the Organization's Program Activity:
Part 3 - Line 4a
U.C.C.H. MAINTAINED AND OPERATED A 200 UNIT HOUSING PROJECT FOR THE LOW INCOME ELDERLY (REGULATED BY THE U.S. DEPARTMENT OF HOUSING & URBAN DEVELOPMENT).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Morley President | OfficerTrustee | 1 | $0 |
Lee Deveau Vice President | Trustee | 1 | $0 |
Richard Pearson Treasurer | Trustee | 1 | $0 |
Chris Bergsten Clerk | Trustee | 1 | $0 |
William Johnson Director | OfficerTrustee | 0.2 | $0 |
Michael Pearson Director | OfficerTrustee | 0.2 | $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 | $4,999,694 |
| Investment income | $51,274 |
| 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 | $5,052,958 |
| 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. | $97,280 |
| Compensation of current officers, directors, key employees. | $48,609 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $482,643 |
| Pension plan accruals and contributions | $12,987 |
| Other employee benefits | $61,535 |
| Payroll taxes | $43,735 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,022 |
| Fees for services: Accounting | $91,393 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $431 |
| Office expenses | $62,036 |
| Information technology | $2,699 |
| Royalties | $0 |
| Occupancy | $857,747 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,917 |
| Interest | $1,192,315 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $967,286 |
| Insurance | $145,605 |
| All other expenses | $18,667 |
| Total functional expenses | $4,045,298 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,467,301 |
| Savings and temporary cash investments | $9,991,049 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $126,110 |
| Net Land, buildings, and equipment | $26,892,778 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,096,206 |
| Total assets | $42,573,444 |
| Accounts payable and accrued expenses | $60,891 |
| 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 | $35,336,260 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $104,098 |
| Total liabilities | $35,501,249 |
| Net assets without donor restrictions | $7,072,195 |
| 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 | $42,573,444 |