Coalition For A Better Acre Inc
- Assets
- $36.1m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 13
- Location
- Lowell, MA
- Founding
- 06/1982
- Data as of
- 12/2022
- EIN
- 04-2760272
Organization Overview
Coalition For A Better Acre Inc is located in Lowell, MA. The organization was established in 1982. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Coalition For A Better Acre Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Coalition For A Better Acre 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 12/2022, Coalition For A Better Acre Inc generated $4.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. While expenses have increased by 12.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY DEVELOPMENT PROGRAMS PROVIDE SUPPORT, TRAINING AND AFFORDABLE HOUSING FOR RESIDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY DEVELOPMENT PROGRAMS PROVIDE SUPPORT AND TRAINING FOR THE DEVELOPMENT OF AFFORDABLE HOUSING IN THE COMMUNITY AND FOR EDUCATING RESIDENTS OF PROBLEM HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Gaudet Director | Trustee | 1 | $0 |
Sixto Dejesus President | OfficerTrustee | 1 | $0 |
Patricia Coffey Director | Trustee | 1 | $0 |
Richard Chavez Treasurer | OfficerTrustee | 1 | $0 |
Amada Gregory Director | Trustee | 1 | $0 |
Musu Gaye Director | Trustee | 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 | $1,884,130 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,884,130 |
| Total Program Service Revenue | $1,816,123 |
| Investment income | $716,944 |
| 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 | $4,512,668 |
| 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. | $438,583 |
| Compensation of current officers, directors, key employees. | $70,232 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $761,122 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $276,842 |
| Fees for services: Management | $25,987 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $90,379 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $80,587 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $92,742 |
| Travel | $83,335 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $376,851 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $220,900 |
| Insurance | $53,418 |
| All other expenses | $73,826 |
| Total functional expenses | $3,121,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $614,137 |
| Savings and temporary cash investments | $1,109,428 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,682 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $21,238,874 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $65,351 |
| Net Land, buildings, and equipment | $8,993,887 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,510,991 |
| Intangible assets | $0 |
| Other assets | $1,552,906 |
| Total assets | $36,090,256 |
| Accounts payable and accrued expenses | $494,247 |
| Grants payable | $0 |
| Deferred revenue | $10,266,375 |
| 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 | $976,279 |
| Other liabilities | $444,420 |
| Total liabilities | $12,181,321 |
| Net assets without donor restrictions | $23,908,935 |
| 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 | $36,090,256 |