Fourteenth Association Properties Inc
- Assets
- $189.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, MA
- Founding
- 04/1998
- Data as of
- 06/2022
- EIN
- 04-3401624
Organization Overview
Fourteenth Association Properties Inc is located in Springfield, MA. The organization was established in 1998. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Fourteenth 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, Fourteenth Association Properties Inc generated $50.4k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $81.1k during the year ending 06/2022. While expenses have increased by 5.0% 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 6-BEDROOM GROUP HOME--4 BEDROOMS 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 |
|---|---|---|---|
Denise Cogman Chair | 1 | $0 | |
Cheryl Fasano President & CEO | 40 | $0 | |
Kathy Reid Clerk (end 10/2021) | 1 | $0 | |
Michael Brassard Director | 1 | $0 | |
John A Odierna Director | 1 | $0 | |
Donna-Rae Kenneally Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $50,428 |
| Membership dues | $0 |
| Investment income | $10 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $50,438 |
| 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 | $67,524 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $8,943 |
| Total expenses | $81,082 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $15,405 |
| Other assets | $0 |
| Total assets | $188,989 |
| Total liabilities | $396,826 |
| Net assets or fund balances | -$207,837 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fourteenth Association Properties Inc has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Mental Health Association Inc Springfield, MA PURPOSE: RESIDENTIAL AND SUPPORT SERVICES | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ndc Housing And Economic Development Corporation Brooklyn, NY | $24,571,760 | $10,401,743 |
Crotona Park West Housing Development Fund Corporation New York, NY | $24,353,081 | $7,261,955 |
Evergreen Estates Housing Development Fund Company Inc New York, NY | $7,286,125 | $3,876,768 |
Bushwick United Housing Development Fund Corporation Brooklyn, NY | $1,708,540 | $8,681,801 |
Settlement Housing Fund Inc New York, NY | $50,728,547 | $11,765,294 |
Associated Blind Housing Development Fund Inc Suffern, NY | $60,912,247 | $8,378,742 |
Housing Plus Solutions Inc Brooklyn, NY | $3,042,973 | $8,488,252 |
Owl Tallahassee Housing Inc Boston, MA | $28,680,052 | $6,023,225 |
Hearth Inc Boston, MA | $12,790,165 | $7,949,326 |
Neighbors Of Watertown Inc Watertown, NY | $21,338,681 | $8,351,713 |
Hope Community Inc New York, NY | $47,085,503 | $9,079,771 |
Mercy Haven Inc islip terrace, NY | $17,804,719 | $7,418,367 |