Second Association Properties Inc
- Assets
- $176.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, MA
- Founding
- 06/1991
- Data as of
- 06/2022
- EIN
- 04-3112143
Organization Overview
Second Association Properties Inc is located in Springfield, MA. The organization was established in 1991. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Second Association Properties 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 06/2022, Second Association Properties Inc generated $62.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $63.5k during the year ending 06/2022. While expenses have increased by 0.6% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION OPERATED A 4 BEDROOM GROUP HOME UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE GROUP HOME HOUSES PEOPLE WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Cogman Chair | 1 | $0 | |
Cheryl Fasano President & CEO | 40 | $0 | |
Kathy Reid Clerk (end 10/2021) | 1 | $0 | |
Jacqueline Johnson Vice Chair | 1 | $0 | |
Donna-Rae Kenneally Treasurer | 1 | $0 | |
John A Odierna Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $62,205 |
| Membership dues | $0 |
| Investment income | $9 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $62,214 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,000 |
| Occupancy, rent, utilities, and maintenance | $50,609 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,865 |
| Total expenses | $63,474 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $19,792 |
| Other assets | $0 |
| Total assets | $176,585 |
| Total liabilities | $164,485 |
| Net assets or fund balances | $12,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interstate I Affordable Housing Inc New York, NY | $783,725 | $8,991,908 |
Ascendant Neighborhood Development Corporation New York, NY | $39,528,943 | $4,446,577 |
Housing Works Services Inc Brooklyn, NY | $2,273,707 | $4,786,590 |
Willow Gardens Inc New Rochelle, NY | $20,661,774 | $5,354,577 |
United Residents In Academy Homes Ii Inc Roxbury, MA | $30,056,643 | $8,930,600 |
Pratt Area Community Council Inc Broooklyn, NY | $10,567,531 | $5,512,215 |
Homeowners Rehab Inc Cambridge, MA | $114,049,178 | $6,783,220 |
Neighborhood Housing Services Of New York City Inc New York City, NY | $17,546,984 | $4,808,509 |
Ccba Tai Tung Management Inc Boston, MA | $39,986,974 | $8,662,376 |
Housing And Services Inc New York, NY | $4,445,840 | $3,988,295 |
The Caleb Group Inc Swampscott, MA | $1,718,156 | $4,435,338 |
Utica Neighborhood Housing Service Inc Utica, NY | $4,904,112 | $3,447,727 |