Roxbury Tenants Of Harvard Association Inc
- Assets
- $107.6m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 79
- Location
- Boston, MA
- Founding
- 01/1977
- Data as of
- 12/2023
- EIN
- 04-2555987
Organization Overview
Roxbury Tenants Of Harvard Association Inc is located in Boston, MA. The organization was established in 1977. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Roxbury Tenants Of Harvard Association Inc employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Roxbury Tenants Of Harvard Association Inc 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 12/2023, Roxbury Tenants Of Harvard Association Inc generated $9.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $8.8m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP, PRESERVE AND MAINTAIN SAFE AND AFFORDABLE HOUISNG FOR THE LOW AND MODERATE INCOME PEOPLE OF DIVERSE BACKGROUNDS IN THE RTH/MISSION HILL NEIGHBORHOOD OF BOSTON, MA AND TO IMPROVE THE QUALITY OF LIFE FOR ITS RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY SERVICES - RTH PROVIDES A WIDE VARIETY OF PROGRAMS AND SERVICES TO ITS RESIDENTS AND HOSTS COMMUNITY EVENTS THROUGHOUT THE YEAR. IT OPERATES A SWIMMING POOL, A LIBRARY, A COMPUTER LEARNING CENTER,A HEALTH AND WELLNESS CENTER, AN AFTERSCHOOL AND SUMMER CAMP CENTER. IT PROVIDES ASSISTANCE TO SENIOR CITIZENS, JOB TRAINING, EDUCATION, HEALTH AND WELLNESS PROGRAMMING,FAMILY PROGRAMMING, RECREATION AND GENERAL SUPPORT TO RESIDENTS.
AFFORDABLE HOUSING - THE ORGANIZATION OWNS OR OPERATES 969 UNITS OF RENTAL HOUSING PRIMARILY AFFORDABLE TO RESIDENTS OF LOW AND MODERATE INCOME.
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 |
|---|---|---|---|
Karen T Gately Executive Di | Officer | 40 | $172,355 |
Patricia Aharan Controller | 36 | $87,417 | |
Israil Tselnik Treasurer | OfficerTrustee | 4 | $10,400 |
William Sullivan President | OfficerTrustee | 4 | $8,950 |
Jaqueline Boston Board Member | Trustee | 2 | $8,900 |
Michelle Yarde Board Member | Trustee | 2 | $8,850 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stantec Architecture & Engineering Architecture | 12/30/22 | $787,282 |
Tpp Global Services Ltd It Consultant | 12/30/22 | $171,000 |
Boston Private Bank Invest Mngmnt | 12/30/22 | $144,745 |
Atlantic Trust Invest Mngmt | 12/30/22 | $107,122 |
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 | $3,595,647 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,595,647 |
| Total Program Service Revenue | $4,369,165 |
| Investment income | $1,852,483 |
| 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 | $9,825,293 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $92,139 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $281,240 |
| Compensation of current officers, directors, key employees. | $233,005 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,429,031 |
| Pension plan accruals and contributions | $83,168 |
| Other employee benefits | $361,403 |
| Payroll taxes | $229,602 |
| Fees for services: Management | $65,853 |
| Fees for services: Legal | $71,059 |
| Fees for services: Accounting | $74,016 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $374,511 |
| Fees for services: Other | $719,651 |
| Advertising and promotion | $5,032 |
| Office expenses | $131,218 |
| Information technology | $370,980 |
| Royalties | $0 |
| Occupancy | $1,577,878 |
| Travel | $35,151 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,515 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $960,130 |
| Insurance | $194,240 |
| All other expenses | $0 |
| Total functional expenses | $8,834,762 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,889,273 |
| Savings and temporary cash investments | $240,652 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $597,199 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,099,904 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $194,862 |
| Net Land, buildings, and equipment | $17,565,050 |
| Investments—publicly traded securities | $73,995,990 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $45,973 |
| Other assets | $0 |
| Total assets | $107,628,903 |
| Accounts payable and accrued expenses | $863,259 |
| Grants payable | $0 |
| Deferred revenue | $17,787 |
| 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 | $104,728 |
| Total liabilities | $985,774 |
| Net assets without donor restrictions | $106,643,129 |
| 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 | $107,628,903 |
Grants Awarded
Over the last fiscal year, Roxbury Tenants Of Harvard Association Inc has awarded $8,128,750 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RTH COMMUNITY CENTER REALTY INC PURPOSE: OPERATING | $128,750 |
RTH MISSION PARK REALTY CORPORATION PURPOSE: ASSET PURCHASE | $8,000,000 |