Union Congregational Church Homes Inc
- Assets
- $42.2m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 18
- Location
- Weymouth, MA
- Founding
- 01/1973
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Union Congregational Church Homes Inc generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $4.2m during the year ending 12/2021. While expenses have increased by 14.6% per year over the past 7 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
2021
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 |
|---|---|---|---|
Ronald Gates Executive Director | Officer | 29.2 | $69,109 |
Arthur Ross Former Executive Director | 4 | $17,450 | |
William Johnson President/vice President | OfficerTrustee | 1 | $0 |
Brian Morley Clerk/vice President | OfficerTrustee | 0.2 | $0 |
Michael Pearson Director | OfficerTrustee | 0.2 | $0 |
Lauren Gates 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 | $4,920,580 |
| Investment income | $24,734 |
| 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 | $4,945,502 |
| 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. | $94,576 |
| Compensation of current officers, directors, key employees. | $47,258 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $502,719 |
| Pension plan accruals and contributions | $14,493 |
| Other employee benefits | $65,572 |
| Payroll taxes | $46,696 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,423 |
| Fees for services: Accounting | $30,509 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $44,519 |
| Information technology | $6,889 |
| Royalties | $0 |
| Occupancy | $872,134 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,413 |
| Interest | $1,415,692 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $968,116 |
| Insurance | $130,046 |
| All other expenses | $0 |
| Total functional expenses | $4,206,797 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,439,932 |
| Savings and temporary cash investments | $5,259,564 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $104,922 |
| 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 | $193,087 |
| Net Land, buildings, and equipment | $27,843,197 |
| Investments—publicly traded securities | $3,471,296 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,910,832 |
| Total assets | $42,222,830 |
| Accounts payable and accrued expenses | $146,799 |
| Grants payable | $0 |
| Deferred revenue | $4,254 |
| 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 | $35,926,400 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $80,842 |
| Total liabilities | $36,158,295 |
| Net assets without donor restrictions | $6,064,535 |
| 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 | $42,222,830 |
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