Chelmsford Housing Opportunities For Intergenerational Community
- Assets
- $25.4m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Chelmsford, MA
- Founding
- 08/2003
- Data as of
- 06/2022
- EIN
- 45-0489480
Organization Overview
Chelmsford Housing Opportunities For Intergenerational Community is located in Chelmsford, MA. The organization was established in 2003. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chelmsford Housing Opportunities For Intergenerational Community 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, Chelmsford Housing Opportunities For Intergenerational Community generated $5.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 32.5% each year . All expenses for the organization totaled $2.4m during the year ending 06/2022. While expenses have increased by 8.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MOST SIGNIFICANT ACTIVITIES ARE PROVIDING PROGRAMS TO RESIDENTS OF THE CHELMSFORD HOUSING AUTHORITY TO ENHANCE THEIR QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S TENANT SERVICES PROGRAM PROVIDES ELDERLY RESIDENTS WITH MEALS SERVICES AND OTHER ACTIVITIES AND SERVICES, INCLUDING YOGA CLASSES AND A BEAUTY SALON.
THE ORGANIZATION'S DEVELOPMENT PROGRAM ACQUIRES LAND AND CONSTRUCTS AFFORDABLE HOUSING FOR LOW-INCOME AND ELDERLY INDIVIDUALS AND FAMILIES.
RENTAL OPERATIONS - THE ORGANIZATION IS THE SOLE MEMBER OF A DOMESTIC LLC THAT OPERATES A 37 UNIT LOW-INCOME HOUSING FACILITY IN CHELMSFORD, MA. ADDITIONALLY, THE RESIDENCES AT 4 JAMES STREET CONSIST OF 5 UNITS OF AFFORDABLE HOUSING FOR HOMELESS FAMILIES. THE GREAT ELMS PROJECT CONSISTS OF 9 UNITS OF AFFORDABLE HOUSING FOR FAMILIES. THE BRIANNA LYN ESTATES CONSISTS OF 16 UNITS OF AFFORDABLE HOUSING FOR FAMILIES. THE PROJECT WAS ACQUIRED FROM A THIRD PARTY BUYER IN JULY 2019.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wendy Mauriello Clerk | OfficerTrustee | 1 | $0 |
Denise Marcaurelle President | OfficerTrustee | 1 | $0 |
Georgiana Mueller Treasurer | OfficerTrustee | 1 | $0 |
Cornelia Donahue Comtois Executive Director | Officer | 1 | $0 |
Judith O'connor Director | Trustee | 1 | $0 |
Michael Murray Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Chelmsford Housing Authority Mgt Svcs | 6/29/18 | $575,871 |
Stutman Contracting Inc Construction | 6/29/18 | $1,372,297 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $597,143 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,012,029 |
| Noncash contributions included in lines 1a–1f | $4,012,029 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,609,172 |
| Total Program Service Revenue | $1,136,542 |
| Investment income | $0 |
| 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 | $5,745,714 |
| 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 | $60,024 |
| Fees for services: Legal | $2,238 |
| Fees for services: Accounting | $32,827 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,137,903 |
| Advertising and promotion | $0 |
| Office expenses | $69,072 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $263,895 |
| Travel | $3,666 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $92,105 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $610,865 |
| Insurance | $51,540 |
| All other expenses | $0 |
| Total functional expenses | $2,359,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,112,302 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $102,016 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,933,533 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $61,598 |
| Net Land, buildings, and equipment | $19,971,058 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,239,818 |
| Total assets | $25,420,325 |
| Accounts payable and accrued expenses | $338,602 |
| Grants payable | $0 |
| Deferred revenue | $79 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $85,074 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $21,286,986 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $794,130 |
| Total liabilities | $22,504,871 |
| Net assets without donor restrictions | $2,915,454 |
| 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 | $25,420,325 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Family And Childrens Association Garden City, NY | $18,906,082 | $21,671,282 |
Innocence Project Inc New York, NY | $73,728,840 | $39,853,614 |
The Access Agency Inc Willimantic, CT | $5,450,809 | $18,469,051 |
Ahavat Yisroel Humanity Inc Brooklyn, NY | $8,284,254 | $21,769,721 |
Family & Childrens Agency Inc Norwalk, CT | $7,156,227 | $18,049,898 |
Waypoint Manchester, NH | $32,573,224 | $19,134,809 |
Pro Action Of Steuben And Yates Inc Bath, NY | $5,623,306 | $16,689,499 |
Ibero-American Action League Inc Rochester, NY | $5,689,944 | $13,857,002 |
Capstone Community Action Inc Barre, VT | $12,760,181 | $16,370,682 |
Roxbury Tenants Of Harvard Association Inc Boston, MA | $107,579,482 | $10,061,394 |
Cfs Self-Directed Supports Inc New York, NY | $2,767,329 | $14,659,181 |
Mohawk Valley Community Action Agency Inc Utica, NY | $3,321,738 | $14,321,555 |