The Pelhman Corporation
- Assets
- $9.4m
- Revenue
- $5.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Braintree, MA
- Founding
- 04/1991
- Data as of
- 12/2022
- EIN
- 04-3145070
Organization Overview
The Pelhman Corporation is located in Braintree, MA. The organization was established in 1991. 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. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Pelhman 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 12/2022, Pelhman Corporation generated $5.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $4.6m during the year ending 12/2022. While expenses have increased by 4.2% 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
TO MAKE AFFORDABLE HOUSING AVAILABLE TO PERSONS OF LOW AND MODERATE INCOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAKE AFFORDABLE HOUSING AVAILABLE TO PERSONS OF LOW AND MODERATE INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joann Barbour Trustee | Trustee | 0.1 | $0 |
Susan P Dargan Trustee | Trustee | 0.1 | $0 |
Brian Engler Trustee | Trustee | 0.1 | $0 |
Geoffrey Engler Trustee | Trustee | 0.1 | $0 |
Edna Smith Trustee | Trustee | 0.1 | $0 |
James Stockard Trustee | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Corcoran Management Company Property Management/bookkeeping | 12/30/22 | $427,833 |
Argus Construction Corp Playground Construction | 12/30/22 | $425,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,822,248 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,822,248 |
| Total Program Service Revenue | $1,888,690 |
| Investment income | $3,112 |
| 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 | $5,741,908 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,200,000 |
| 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 | $408,183 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,834 |
| Payroll taxes | $122,297 |
| Fees for services: Management | $286,488 |
| Fees for services: Legal | $14,034 |
| Fees for services: Accounting | $47,052 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $16,848 |
| Advertising and promotion | $22,729 |
| Office expenses | $64,448 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $779,420 |
| Travel | $12,762 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $658,745 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $190,123 |
| Insurance | $10,399 |
| All other expenses | $33,828 |
| Total functional expenses | $4,626,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,311,063 |
| Savings and temporary cash investments | $92,404 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $164,457 |
| 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 | $218,763 |
| Net Land, buildings, and equipment | $4,374,205 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,256,284 |
| Total assets | $9,417,176 |
| Accounts payable and accrued expenses | $352,963 |
| Grants payable | $0 |
| Deferred revenue | $53,195 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $90,724 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $23,094,233 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $23,591,115 |
| Net assets without donor restrictions | -$14,173,939 |
| 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 | $9,417,176 |