Castle Square Tenants Organization Inc
- Assets
- $40.6m
- Revenue
- $561.4k
- Investments
- $21.4k
- Employees
- 32
- Location
- Boston, MA
- Founding
- 03/1994
- Data as of
- 12/2022
- EIN
- 04-3016145
Organization Overview
Castle Square Tenants Organization Inc is located in Boston, MA. The organization was established in 1994. As of 12/2022, Castle Square Tenants Organization Inc employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Castle Square Tenants Organization 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, Castle Square Tenants Organization Inc generated $561.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. 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
CASTLE SQUARE TENANTS ORGANIZATION'S MISSION IS TO PROMOTE THE ECONOMIC, EDUCATIONAL AND SOCIAL EMPOWERMENT OF LOW AND MODERATE INCOME INDIVIDUALS BY PROVIDING ACCESS TO SAFE, QUALITY AFFORDABLE HOUSING AND SUPPORTIVE DIRECT SERVICE PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CASTLE SQUARE TENANTS ORGANIZATION'S PROGRAMS PROMOTE THE ECONOMIC, EDUCATIONAL AND SOCIAL EMPOWERMENT OF LOW AND MODERATE INCOME INDIVIDUALS AND PROVIDE ACCESS TO SAFE, QUALITY AFFORDABLE HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Backus-Gilchrist Executive Director | Officer | 40 | $113,592 |
Ann Moy President | OfficerTrustee | 25 | $0 |
Terrance Woolfork Vice President | OfficerTrustee | 7 | $0 |
Yvonne Holmes Treasurer | OfficerTrustee | 7 | $0 |
Nhi Le Tang Secretary | OfficerTrustee | 10 | $0 |
Hui Ling Chen Director | Trustee | 12 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Studio Nas Llc Reisen Design Associates Architectural Services | 12/30/20 | $137,000 |
Vivian Wai-fun Lee Professional Consulting | 12/30/20 | $119,659 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,630 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,955 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,585 |
| Total Program Service Revenue | $1,102,831 |
| Investment income | $600,203 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,151,228 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $561,417 |
| 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. | $113,592 |
| Compensation of current officers, directors, key employees. | $79,514 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $692,370 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $72,948 |
| Payroll taxes | $55,071 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,191 |
| Fees for services: Accounting | $223,551 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $267,366 |
| Fees for services: Other | $146,534 |
| Advertising and promotion | $1,846 |
| Office expenses | $22,340 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $176 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,278 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,872 |
| Insurance | $0 |
| All other expenses | $3,046 |
| Total functional expenses | $2,006,743 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $315,726 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $238,943 |
| 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 | $1,560 |
| Net Land, buildings, and equipment | $89,028 |
| Investments—publicly traded securities | $10,200,629 |
| Investments—other securities | $21,351 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $29,708,042 |
| Total assets | $40,575,279 |
| Accounts payable and accrued expenses | $81,255 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $20,234,063 |
| Total liabilities | $20,315,318 |
| Net assets without donor restrictions | $20,240,617 |
| Net assets with donor restrictions | $19,344 |
| 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 | $40,575,279 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bryant Park Management Corp New York, NY | $0 | $2,500,000 |
Castle Square Tenants Organization Inc Boston, MA | $40,575,279 | $561,417 |
Harbor Point Community Task Force Inc Dorchester, MA | $3,553,874 | $638,979 |
Community Services Housing Developement Corporation Brooklyn, NY | $2,064,372 | $110,598 |
Orange East Senior Center Inc Bradford, VT | $126,571 | $148,523 |
Resident Empowered Action Council Of Troy Troy, NY | $18,583 | $0 |
Commonwealth Tenants Association Inc Brighton, MA | $59,594 | $0 |