Seventh Association Properties Inc
- Assets
- $162.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, MA
- Founding
- 01/1995
- Data as of
- 06/2022
- EIN
- 04-3224452
Organization Overview
Seventh Association Properties Inc is located in Springfield, MA. The organization was established in 1995. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Seventh 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, Seventh Association Properties Inc generated $50.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $56.9k during the year ending 06/2022. While expenses have increased by 2.9% 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 FIVE-BEDROOM GROUP HOME, OF WHICH FOUR BEDROOMS ARE UNDER SECTION 811 OF THE NATIONAL HOUSING ACT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline Johnson Vice Chair | 1 | $0 | |
Kathy Reid Clerk | 1 | $0 | |
Denise Cogman Chair | 1 | $0 | |
Donna-Rae Kenneally Treasurer | 1 | $0 | |
Michael Brassard Director | 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 | $50,320 |
| Membership dues | $0 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $50,327 |
| 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 | $4,615 |
| Occupancy, rent, utilities, and maintenance | $42,384 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,857 |
| Total expenses | $56,856 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $14,306 |
| Other assets | $0 |
| Total assets | $162,518 |
| Total liabilities | $312,174 |
| Net assets or fund balances | -$149,656 |
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