Washington Beech Revitalization Corporation
- Assets
- $8.0m
- Revenue
- $440.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 03/2012
- Data as of
- 03/2022
- EIN
- 35-2371923
Organization Overview
Washington Beech Revitalization Corporation is located in Boston, MA. The organization was established in 2012. According to its NTEE Classification (L02) the organization is classified as: Management & Technical Assistance, 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. Washington Beech Revitalization Corporation 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 03/2022, Washington Beech Revitalization Corporation generated $440.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $16.2k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (18.8%) per year over the past 7 years. 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
REVITALIZATION OF THE WASHINGTON BEECH PUBLIC HOUSING DEVELOPMENT, AND THE SURROUNDING NEIGHBORHOOD
Describe the Organization's Program Activity:
Part 3 - Line 4a
REDEVELOPMENT & OVERSIGHT - TO ENGAGE AND ASSIST IN THE DEVELOPMENT, REDEVELOPMENT, FINANCING, OPERATION, AND MANAGEMENT RELATED TO THE REVITALIZATION OF THE WASHINGTON BEECH PUBLIC HOUSING DEVELOPMENT AND THE NEIGHBORHOOD SURROUNDING IT LOCATED IN BOSTON, MASSACHUSETTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathryn Bennett President | OfficerTrustee | 0.5 | $0 |
Caesar Cardozo Clerk | OfficerTrustee | 0.5 | $0 |
Debra Dunham Treasurer | OfficerTrustee | 0.5 | $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 | $440,000 |
| Investment income | $510 |
| 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 | $440,510 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $16,234 |
| Total functional expenses | $16,234 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,630,669 |
| Savings and temporary cash investments | $0 |
| 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 | $3,729,171 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $687,061 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,046,901 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $7,624,637 |
| Net assets with donor restrictions | $422,264 |
| 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 | $8,046,901 |
Endowment Analysis
| Beg. Balance | $421,754 |
| Earnings | $510 |
| Ending Balance | $422,264 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Belmont Housing Resources For Wny Inc Buffalo, NY | $19,065,783 | $9,706,045 |
Urban Homesteading Assistance U-Hab New York, NY | $22,567,272 | $3,104,949 |
Housing Opportunities Corporation Providence, RI | $1,904,732 | $3,288,051 |
Bethany Community Services Inc Haverhill, MA | $33,080,393 | $11,977,619 |
Hanac Spiti Management Company Inc Astoria, NY | $680,394 | $2,214,088 |
St Luke Services Corporation Oswego, NY | $1,164,061 | $2,696,368 |
Senior Citizens Housing Committee Inc Greenlawn, NY | $15,044,248 | $2,702,685 |
Marbury Terrace Inc Jamaica Plain, MA | $26,618,029 | $822,238 |
Lynn Housing Authority Development Group Inc Lynn, MA | $366,816 | $632,602 |
479 Courtlandt Avenue Housing Development Fund Corporation Bronx, NY | $2,079,159 | $407,298 |
Parkhurst Community Housing Inc White River Jct, VT | $2,626,704 | $184,297 |
3948 Amboy Rd Realty Corp Staten Island, NY | $1,997,483 | -$42,179 |