Twenty Three Middle Inc
- Assets
- $532.8k
- Revenue
- $61.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Newburyport, MA
- Founding
- 04/2004
- Data as of
- 06/2023
- 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 06/2023, Twenty Three Middle Inc generated $61.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $114.4k during the year ending 06/2023. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED HOUSING FOR SPECIAL NEEDS AND HANDICAPPED INDIVIDUALS. IN FY2023 THERE WERE FOUR TENANTS WHO RECEIVED HOUSING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Bailey Chairperson | 1 | $0 | |
Scott Eaton Director | 1 | $0 | |
Hillary Perron Director | 1 | $0 | |
Alan Klein President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $45,284 |
| Interest on Savings | $41 |
| 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 | $16,170 |
| Total Revenue | $61,495 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $7,165 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $10,279 |
| Occupancy | $20,073 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $69,617 |
| Total operating and administrative expenses | $114,362 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $114,362 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,993 |
| Savings and temporary cash investments | $78,798 |
| Net Accounts receivable | $26,249 |
| 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 | $395,560 |
| Other assets | $16,170 |
| Total assets | $532,770 |
| Accounts payable and accrued expenses | $71,684 |
| 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 | $548,827 |
| Total liabilities | $620,511 |