South Middlesex Non-Profit Housing Corporation
- Assets
- $86.9m
- Revenue
- $12.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Framingham, MA
- Founding
- 12/1987
- Data as of
- 06/2021
- EIN
- 04-2921318
Organization Overview
South Middlesex Non-Profit Housing Corporation is located in Framingham, MA. The organization was established in 1987. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. South Middlesex Non-Profit Housing Corporation 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 06/2021, South Middlesex Non-Profit Housing Corporation generated $12.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $12.7m during the year ending 06/2021. While expenses have increased by 2.3% per year over the past 6 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDER OF EDUCATION, REHABILITATION, AND SHELTER TO LOW INCOME INDIVIDUALS AND FAMILIES.
Describe the Organization's Program Activity:
PROVIDES EDUCATION, TRAINING, VOCATIONAL REHABILITATION, CARE, TREATMENT, AND SHELTER TO LOW INCOME INDIVIDUALS AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence Scult President/director | OfficerTrustee | 1 | $0 |
Jeffrey Fishman Vice President/director | OfficerTrustee | 1 | $0 |
Ruth Hibbard Treasurer/director | OfficerTrustee | 1 | $0 |
James T Cuddy Executive Director | Officer | 1 | $0 |
Michael Hutnak CFO | Officer | 1 | $0 |
Pamula Zicko 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 | $1,160 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,160 |
| Total Program Service Revenue | $10,401,079 |
| Investment income | $0 |
| 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 | $12,461,508 |
| 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 | $1,344,540 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $141,399 |
| Payroll taxes | $155,742 |
| Fees for services: Management | $120,000 |
| Fees for services: Legal | $8,286 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,156 |
| Advertising and promotion | $0 |
| Office expenses | $196,284 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,813,846 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,322,540 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,793,616 |
| Insurance | $618,154 |
| All other expenses | $9,489 |
| Total functional expenses | $12,723,530 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,758,112 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,839,643 |
| 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 | $21,150 |
| Net Land, buildings, and equipment | $73,884,203 |
| Investments—publicly traded securities | $547,933 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,817,844 |
| Total assets | $86,868,885 |
| Accounts payable and accrued expenses | $1,340,469 |
| Grants payable | $0 |
| Deferred revenue | $169,244 |
| 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 | $76,989,507 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $6,414,405 |
| Total liabilities | $84,913,625 |
| Net assets without donor restrictions | $1,865,260 |
| Net assets with donor restrictions | $90,000 |
| 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 | $86,868,885 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Consortium For Worker Education Inc New York, NY | $27,138,774 | $23,461,109 |
Youthbuild Usa Inc Roxbury, MA | $41,660,191 | $41,513,584 |
Capital Workforce Partners Inc Hartford, CT | $3,681,949 | $22,085,213 |
National Telecommuting Institute Boston, MA | $7,581,785 | $15,508,649 |
Masshire Hampden County Workforce Board Inc Springfield, MA | $3,346,725 | $13,329,757 |
South Middlesex Non-Profit Housing Corporation Framingham, MA | $86,868,885 | $12,461,508 |
Lifestyles For The Disabled Inc Staten Island, NY | $5,937,706 | $11,027,240 |
Vermont Associates For Training & Development Inc St Albans, VT | $530,190 | $11,812,343 |
Buffalo And Erie County Workforce Development Consortium Inc Buffalo, NY | $1,944,049 | $11,546,333 |
Eastern Connecticut Workforce Investment Board Inc Franklin, CT | $2,220,849 | $11,033,375 |
Workforce Alliance Inc New Haven, CT | $2,201,686 | $11,291,916 |
Academy Of Management Inc Briarcliff Manor, NY | $56,747,597 | $15,919,073 |