Montello Affordable Housing Corporation
- Assets
- $218.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Brockton, MA
- Founding
- 01/2000
- Data as of
- 12/2021
- EIN
- 04-3492953
Organization Overview
Montello Affordable Housing Corporation is located in Brockton, MA. The organization was established in 2000. 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. Montello Affordable Housing 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 12/2021, Montello Affordable Housing Corporation generated $47.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $23.9k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
AFFORDABLE HOUSING AND NEIGHBORHOOD REVITALIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gerard Nadeau President | 1 | $0 | |
Lucy Nugent Clerk | 1 | $0 | |
Timothy J Sullivan Officer | 1 | $0 | |
Betsy Price Treasurer | 1 | $0 | |
Ernest Pettiford Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $37,711 |
| Total Program Service Revenue | $9,859 |
| Membership dues | $0 |
| Investment income | $12 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $47,582 |
| 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 | $1,750 |
| Occupancy, rent, utilities, and maintenance | $17,837 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,303 |
| Total expenses | $23,890 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $129,829 |
| Other assets | $0 |
| Total assets | $218,700 |
| Total liabilities | $71,077 |
| Net assets or fund balances | $147,623 |
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 |