Fifteenth Association Properties Inc
- Assets
- $180.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, MA
- Founding
- 06/2000
- Data as of
- 06/2022
- EIN
- 04-3517856
Organization Overview
Fifteenth Association Properties Inc is located in Springfield, MA. The organization was established in 2000. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fifteenth 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, Fifteenth Association Properties Inc generated $42.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $61.1k during the year ending 06/2022. 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 GROUP HOME 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 |
|---|---|---|---|
Jacqueline Johnson Vice Chair | 1 | $0 | |
Cheryl Fasano President & CEO | 40 | $0 | |
Kathy Reid Clerk (end 10/2021) | 1 | $0 | |
Denise Cogman Chair | 1 | $0 | |
Donna-Rae Kenneally Treasurer | 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 | $42,698 |
| Membership dues | $0 |
| Investment income | $6 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $42,704 |
| 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 | $47,424 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $9,011 |
| Total expenses | $61,050 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $20,453 |
| Other assets | $0 |
| Total assets | $180,735 |
| Total liabilities | $466,328 |
| Net assets or fund balances | -$285,593 |
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