Rth Mission Park Realty Corporation
- Assets
- $107.1m
- Revenue
- $17.5m
- Investments
- $0.0
- Employees
- 3
- Location
- Boston, MA
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-3458076
Organization Overview
Rth Mission Park Realty Corporation is located in Boston, MA. The organization was established in 2014. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Rth Mission Park Realty Corporation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rth Mission Park Realty 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 12/2021, Rth Mission Park Realty Corporation generated $17.5m 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 (3.2%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THIS CORPORATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE ACTIVITIES (WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE) BENEFITING, PERFORMING THE FUNCTIONS OF, AND CARRYING OUT THE PURPOSES OF ROXBURY TENANTS OF HARVARD ASSOCIATION, INC., A MASSACHUSETTS NON-PROFIT CORPORATION, INCLUDING, WITHOUT LIMITATION, THE ACQUISITION, OWNERSHIP AND OPERATION OF REAL PROPERTY TO FURTHER AND SUPPORT THE ACTIVITIES, FUNCTIONS AND PURPOSES OF ROXBURY TENANTS OF HARVARD ASSOCIATION, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CORPORATION HAS LEASED THE HOUSING PROJECT, A 775-UNITY AFFORDABLE HOUSING PROJECT LOCATED IN MISSION HILL, BOSTON, MA, INCLUDING RESIDENTIAL AND RELATED RECREATIONAL BUILDINGS, TO MISSION PARK LIMITED PARTNERSHIP, A MASSACHUSETTS LIMITED PARTNERSHIP (THE HOUSING PARTNERHIP) CONTROLLED BY RTH, PURSUANT TO A LONG-TERM LEASE.
THE CORPORATION LEASES A GARAGE AND USE OF ITS PREMISES PRIMARILY TO THE BRIGHAM AND WOMEN'S HOSPITAL, INC., A MASSACHUSETTS CHARITABLE CORPORATION, WITH A SMALL PORTION LEASED TO THE HOUSING PARTNERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gayle Lacroix CFO | Officer | 4 | $159,365 |
Izrail Tselnik Treasurer | OfficerTrustee | 1 | $0 |
William Sullivan Vice Preside | OfficerTrustee | 1 | $0 |
Deneige Arroyo Clerk | OfficerTrustee | 1 | $0 |
Carol Menton President | OfficerTrustee | 1 | $0 |
Karen T Gately Executive Di | Officer | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nepc Investment Mgmt | 12/30/21 | $113,060 |
Roxbury Tenants Of Harvard Management | 12/30/21 | $184,520 |
Boston Private Bank Investment Mgmt | 12/30/21 | $105,613 |
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 | $16,468,174 |
| Investment income | $1,020,747 |
| 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 | $17,493,070 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,163,244 |
| 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. | $21,299 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $14,474 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $184,520 |
| Fees for services: Legal | $4,005 |
| Fees for services: Accounting | $25,105 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $316,306 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $764,520 |
| 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 | $261,383 |
| Insurance | $0 |
| All other expenses | $1,000 |
| Total functional expenses | $4,755,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,388,155 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,000,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,988,250 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $23,682,198 |
| Investments—publicly traded securities | $64,084,490 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $107,143,093 |
| Accounts payable and accrued expenses | $367,113 |
| Grants payable | $0 |
| Deferred revenue | $1,622,011 |
| 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 | $1,989,124 |
| Net assets without donor restrictions | $105,153,969 |
| 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 | $107,143,093 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Rth Mission Park Realty Corporation has recieved totaling $8,000,000.
| Awarding Organization | Amount |
|---|---|
Roxbury Tenants Of Harvard Association Inc Boston, MA PURPOSE: ASSET PURCHASE | $8,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jhl Corporate Services Inc New York, NY | $9,131,851 | $18,454,146 |
Madison Park Development Corporation Roxbury, MA | $51,356,053 | $9,046,088 |
Neighborhood Renewal Housing Development Fund Corporation New York, NY | $300,253,945 | $3,393,057 |
Rth Mission Park Realty Corporation Boston, MA | $107,143,093 | $17,493,070 |
Jasa Housing Management Services For The Aged Inc New York, NY | $1,639,951 | $4,107,455 |
N Woodburn Nichols Foundation Inc Groveland, MA | $40,329,040 | $1,703,919 |
Fund For Public Housing Inc New York, NY | $1,013,121 | $2,190,535 |
Kendal New York Sleepy Hollow, NY | $0 | $1,764,852 |
89 South Care Support Inc Pittsfield, MA | $26,959,750 | $1,785,474 |
Pines At Narragansett Housing Development Fund Company Inc Ossining, NY | $1,108,354 | $873,822 |
St Peters Italian Church Housing Development Fund Co Inc Syracuse, NY | $3,862,039 | $1,176,808 |
Rochester Presbyterian Home Foundation Inc Rochester, NY | $19,141,210 | $2,601,287 |