Boscobel Heights Development Company Inc
- Assets
- $26.5m
- Revenue
- $952.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Nashville, TN
- Founding
- 05/2019
- Data as of
- 09/2023
- EIN
- 83-1126768
Organization Overview
Boscobel Heights Development Company Inc is located in Nashville, TN. The organization was established in 2019. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boscobel Heights Development Company Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE METROPOLITAN DEVELOPMENT AND HOUSING AGENCY WHOSE MISSION IS TO CREATE AFFORDABLE HOUSING OPPORTUNITIES, SUPPORT NEIGHBORHOODS, STRENGTHEN COMMUNITIES AND HELP BUILD A GREATER NASHVILLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCING BY COMMUNITY DEVELOPMENT ENTITIES TO CONSTRUCT A K-8 CHARTER SCHOOL FACILITY LEASED TO THE METROPOLITAN DEVELOPMENT AND HOUSING AGENCY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Thaden President | OfficerTrustee | 0 | $0 |
Danny Herron Vice President | OfficerTrustee | 0 | $0 |
Anna Page Treasurer | OfficerTrustee | 0 | $0 |
Melinda Hatfield Director Of Finance | Trustee | 4 | $0 |
James Harbison Secretary | Officer | 0 | $0 |
Troy D White Executive Director | 1 | $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 | $0 |
| Investment income | $2,128 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $950,000 |
| 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 | $952,128 |
| 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 | $14,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,925 |
| 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 | $1,096,943 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $847,437 |
| Insurance | $10,245 |
| All other expenses | $1,696 |
| Total functional expenses | $1,996,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,193,625 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $26,043 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $22,128,040 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $37,500 |
| Other assets | $3,121,516 |
| Total assets | $26,506,724 |
| 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 | $27,572,860 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,572,860 |
| Net assets without donor restrictions | -$1,066,136 |
| 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 | $26,506,724 |