Harborlight Community Partners
- Assets
- $27.7m
- Revenue
- $4.8m
- Investments
- $0.0
- Employees
- 37
- Location
- Beverly, MA
- Founding
- 02/1982
- Data as of
- 12/2021
- EIN
- 04-2313571
Organization Overview
Harborlight Community Partners is located in Beverly, MA. The organization was established in 1982. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Harborlight Community Partners employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Harborlight Community Partners 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, Harborlight Community Partners generated $4.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $3.1m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HARBORLIGHT COMMUNITY PARTNERS PROVIDES AFFORDABLE HOUSING WITH SERVICES PRIMARILY FOR LOW AND MODERATE INCOME POPLE IN SOURTHERN ESSEX COUNTY, IN ADDITION, IT PROVIDES PROVIDES PROPERTY MANAGEMENT AND OTHER SERVICES TO NON-PROFIT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGED AND/OR DEVELOPED AFFORDABLE HOUSING FOR OVER 500 LOW AND MODERATE INCOME PEOPLE IN ESSEX COUNTY. THIS INCLUDES TURTLE CREEK, TURTLE WOODS, HARBORLIGHT HOUSE, HEART HOMES, WE CARE ABOUT HOMES, WHIPPLE RIVERVIEW PLACE,COTTON MILL COOP, ROCKPORT HIGH SCHOOL, PIGEON COVE LEDGES, AND FIREHOUSE PLACE. IT ALSO INCLUDED DEVELOPMENT WORK FOR MAPLE WOODS, GRANITE STREET CROSSING, ANCHOR POINT AND BOSTON STREET CROSSING.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Defranza Executive Director | Officer | 40 | $239,610 |
Timothy Donovan COO | Officer | 40 | $198,780 |
Kristin Carlson Director Real Estate Devel | 40 | $130,774 | |
Kurt James Vice President/clerk | OfficerTrustee | 1 | $0 |
John Thomson Treasurer | OfficerTrustee | 1 | $0 |
Robert Gillis President | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Groom Construction Co Inc Construction | 12/30/17 | $1,028,635 |
Siemasko & Verbridge Inc Architectural Services | 12/30/17 | $116,347 |
Regnante Sterio & Osborne Llp Legal | 12/30/17 | $154,393 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $12,000 |
| Membership dues | $0 |
| Fundraising events | $136,628 |
| Related organizations | $0 |
| Government grants | $190,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,142,874 |
| Noncash contributions included in lines 1a–1f | $11,795 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,481,502 |
| Total Program Service Revenue | $3,145,621 |
| Investment income | $100,891 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,465 |
| Net Gain/Loss on Asset Sales | $26,095 |
| Net Income from Fundraising Events | -$15,310 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,816,707 |
| 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. | $492,989 |
| Compensation of current officers, directors, key employees. | $7,677 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,035,929 |
| Pension plan accruals and contributions | $11,636 |
| Other employee benefits | $73,030 |
| Payroll taxes | $107,391 |
| Fees for services: Management | $57,048 |
| Fees for services: Legal | $44,577 |
| Fees for services: Accounting | $51,499 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,853 |
| Fees for services: Other | $57,718 |
| Advertising and promotion | $40,005 |
| Office expenses | $97,205 |
| Information technology | $4,556 |
| Royalties | $0 |
| Occupancy | $171,805 |
| Travel | $613 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,675 |
| Interest | $157,182 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $355,626 |
| Insurance | $72,908 |
| All other expenses | $35,511 |
| Total functional expenses | $3,053,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,196,956 |
| Savings and temporary cash investments | $342,866 |
| Pledges and grants receivable | $25,477 |
| Accounts receivable, net | $59,689 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,286,387 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $70,336 |
| Net Land, buildings, and equipment | $12,431,670 |
| Investments—publicly traded securities | $3,133,631 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $113,243 |
| Other assets | $4,064,250 |
| Total assets | $27,724,505 |
| Accounts payable and accrued expenses | $745,187 |
| Grants payable | $0 |
| Deferred revenue | $4,657 |
| 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 | $14,288,981 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,686,295 |
| Total liabilities | $17,725,120 |
| Net assets without donor restrictions | $9,166,542 |
| Net assets with donor restrictions | $832,843 |
| 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 | $27,724,505 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Harborlight Community Partners has recieved totaling $165,000.
| Awarding Organization | Amount |
|---|---|
Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc Newburyport, MA PURPOSE: EXEMPT PURPOSE | $120,000 |
Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc Newburyport, MA PURPOSE: EXEMPT PURPOSE | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Colgate Palmolive Post Retirement Veba Tr New York, NY | $1,964,886 | $6,599,849 |
Orchard Park Ccrc Inc Orchard Park, NY | $79,217,375 | $18,334,727 |
Christopher House Inc Worcester, MA | $11,659,464 | $17,133,392 |
Firemens Association Of The State Of New York Albany, NY | $46,544,668 | $18,019,275 |
Ascentria Care Alliance Inc West Brookfield, MA | $28,862,438 | $18,232,969 |
Good Shepherd Village At Endwellinc Endwell, NY | $76,298,914 | $15,180,205 |
Gurwin Jewish-Fay J Lindner Residences Inc Commack, NY | $18,352,784 | $14,495,214 |
Island Rehabilitation And Nursing Center Inc Holtsville, NY | $20,545,926 | $27,917,787 |
Overlook Communities Inc Charlton, MA | $31,731,503 | $14,000,337 |
Alliance Health Of Massachusetts Inc Southborough, MA | $12,196,543 | $13,916,904 |
Beverwyck Inc Slingerlands, NY | $81,150,953 | $18,557,714 |
Metro Health Foundation Of New Hampshire Inc Meredith, NH | $23,007,411 | $13,396,555 |