Third Association Properties Inc
- Assets
- $244.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, MA
- Founding
- 10/1992
- Data as of
- 06/2023
- EIN
- 04-3154255
Organization Overview
Third Association Properties Inc is located in Springfield, MA. The organization was established in 1992. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Third 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 06/2023, Third Association Properties Inc generated $47.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $59.9k during the year ending 06/2023. While expenses have increased by 2.9% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION OPERATED A FIVE-BEDROOM GROUP HOME OF WHICH FOUR BEDROOMS ARE OPERATED UNDER SECTION 811 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 |
|---|---|---|---|
Cheryl Fasano President & CEO | 40 | $0 | |
Denise Cogman Chair | 1 | $0 | |
Jacqueline Johnson Vice Chair | 1 | $0 | |
Donna-Rae Kenneally Treasurer | 1 | $0 | |
Michael Brassard Director | 1 | $0 | |
John A Odierna Director (end 10/2022) | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $47,465 |
| Membership dues | $0 |
| Investment income | $8 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $47,473 |
| 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 | $4,657 |
| Occupancy, rent, utilities, and maintenance | $48,432 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $6,789 |
| Total expenses | $59,878 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18,711 |
| Other assets | $0 |
| Total assets | $244,253 |
| Total liabilities | $382,904 |
| Net assets or fund balances | -$138,651 |