Howard Benevolent Society
- Assets
- $4.2m
- Revenue
- $489.6k
- Investments
- $3.6m
- Employees
- 0
- Location
- Boston, MA
- Founding
- 08/1953
- Data as of
- 09/2021
- EIN
- 04-2129132
Organization Overview
Howard Benevolent Society is located in Boston, MA. The organization was established in 1953. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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. Howard Benevolent Society 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 09/2021, Howard Benevolent Society generated $489.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $458.9k during the year ending 09/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE CHARITIBLE ASSISTANCE TO THE SICK, ELDERLY AND DESTITUTE PERSON AS DETERMINED BY THE ORGANIZATION. NON FINANCIAL AID IS OFFERED BY THE SOCIAL WORKER AS WELL.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ellen Harrington Clerk | 1 | $0 | |
Timothy George Treasurer | 0 | $0 | |
Rosemary K Jones Director | 0 | $0 | |
Barbara Targum President | 0 | $0 | |
Cindy Rubin Director | 0 | $0 | |
Beth Milkovitz Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $115,712 |
| Interest on Savings | $0 |
| Dividends & Interest | $96,154 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $277,707 |
| Capital Gain Net Income | $277,707 |
| Net ST Capital Gain | $277,707 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $489,573 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $81,608 |
| Pension plans, employee benefits | $10,723 |
| Interest | $0 |
| Taxes | $17,668 |
| Depreciation | $0 |
| Occupancy | $12,000 |
| Travel, conferences, and meetings | $1,010 |
| Printing and publications | $0 |
| Other expenses | $68,058 |
| Total operating and administrative expenses | $221,367 |
| Contributions, gifts, grants paid | $237,563 |
| Total expenses and disbursements | $458,930 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $90,538 |
| Savings and temporary cash investments | $487,428 |
| Net Accounts receivable | $0 |
| 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 | $1,072 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $788,012 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,150,867 |
| Accounts payable and accrued expenses | $1,300 |
| 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 | $4,302 |
| Total liabilities | $5,602 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aspire Of Western New York Inc Getzville, NY | $37,144,710 | $73,972,719 |
Neighborhood Assistance Corporation Of America Boston, MA | $267,784,866 | $49,655,624 |
Womens Housing And Economic Development Corporation Bronx, NY | $29,527,353 | $27,859,543 |
Joint Ownership Entity New York City Corp New York, NY | $155,995,039 | $17,434,025 |
Breaking Ground Housing Development Fund Corporation New York, NY | $193,138,085 | $25,961,669 |
Highland Park Community Development Corporation Brooklyn, NY | $3,265,910 | $15,414,103 |
Centerboard Inc Lynn, MA | $21,186,335 | $15,673,773 |
Interstate I Affordable Housing Inc New York, NY | $783,725 | $8,991,908 |
Ascendant Neighborhood Development Corporation New York, NY | $39,528,943 | $4,446,577 |
Housing Works Services Inc Brooklyn, NY | $2,273,707 | $4,786,590 |
Willow Gardens Inc New Rochelle, NY | $20,661,774 | $5,354,577 |
United Residents In Academy Homes Ii Inc Roxbury, MA | $30,056,643 | $8,930,600 |