Twenty Three Middle Inc
- Assets
- $514.5k
- Revenue
- $61.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Newburyport, MA
- Founding
- 04/2004
- Data as of
- 06/2022
- EIN
- 30-0233972
Organization Overview
Twenty Three Middle Inc is located in Newburyport, MA. The organization was established in 2004. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Twenty Three Middle 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 06/2022, Twenty Three Middle Inc generated $61.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $41.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HOUSING FOR SPECIAL NEEDS AND HANDICAPPED INDIVIDUALS. IN FY2022 THERE WERE FOUR TENANTS WHO RECEIVED HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Smith Treasurer (until 7/2021) | 1 | $0 | |
Linda Bleau President/clerk | 1 | $0 | |
Alan Klein Director | 1 | $0 | |
Julie Zaleski Treasurer (as Of 7/2021) | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $46,093 |
| Interest on Savings | $37 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,347 |
| Total Revenue | $61,477 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $6,368 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $10,278 |
| Occupancy | $14,939 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,638 |
| Total operating and administrative expenses | $41,174 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $41,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,283 |
| Savings and temporary cash investments | $27,073 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $405,839 |
| Other assets | $15,347 |
| Total assets | $514,542 |
| Accounts payable and accrued expenses | $2,626 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $546,790 |
| Total liabilities | $549,416 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Twenty Three Middle Inc has recieved totaling $14,206.
| Awarding Organization | Amount |
|---|---|
Turning Point Inc Newburyport, MA PURPOSE: Affiliated Housing Support | $14,206 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fit-Nhnh Inc Manchester, NH | $20,051,648 | $10,413,245 |
Cambridge Community Housing Development Inc Cambridge, MA | $56,982,552 | $7,704,327 |
New Samaritan Corporation Inc Storrs, CT | $12,270,724 | $7,624,848 |
Providence Housing Development Corporation Rochester, NY | $12,131,024 | $9,484,321 |
Equinox Inc Albany, NY | $7,754,124 | $11,254,428 |
Rochester Management Inc Rochester, NY | $15,106,778 | $10,149,651 |
Jerome Avenue Care For The Homeless New York, NY | $8,771,577 | $9,215,112 |
Oub Court Housing Company Inc Bronx, NY | $15,971,755 | $7,036,525 |
Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc Garden City, NY | $32,454,650 | $10,208,365 |
Evernorth Burlington, VT | $26,020,823 | $8,207,006 |
Hebrew Home Housing Development Fund Co Inc Bronx, NY | $13,025,058 | $6,258,776 |
Mishawum Park Tenants Association Inc Braintree, MA | $36,767,027 | $4,697,884 |