Sevevteenth Association Properties Inc
- Assets
- $165.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, MA
- Founding
- 08/2001
- Data as of
- 06/2022
- EIN
- 04-3566433
Organization Overview
Sevevteenth Association Properties Inc is located in Springfield, MA. The organization was established in 2001. 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. Sevevteenth 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, Sevevteenth Association Properties Inc generated $35.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $46.9k during the year ending 06/2022. While expenses have increased by 0.6% 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 4-BEDROOM GROUP HOME, OF WHICH 3 BEDROOMS ARE 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 | |
Kathy Reid Clerk (end 10/2021) | 1 | $0 | |
Jacqueline Johnson Vice Chair | 1 | $0 | |
Michael Brassard 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 | $35,472 |
| Membership dues | $0 |
| Investment income | $9 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $35,481 |
| 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 | $34,351 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $7,967 |
| Total expenses | $46,933 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,541 |
| Other assets | $0 |
| Total assets | $165,359 |
| Total liabilities | $390,146 |
| Net assets or fund balances | -$224,787 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Sevevteenth Association Properties Inc has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Mental Health Association Inc Springfield, MA PURPOSE: RESIDENTIAL AND SUPPORT SERVICES | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fit-Nhnh Inc Manchester, NH | $20,051,648 | $10,413,245 |
Cambridge Community Housing Development Inc Cambridge, MA | $56,982,552 | $7,704,327 |
New Samaritan Corporation Inc Storrs, CT | $12,270,724 | $7,624,848 |
Providence Housing Development Corporation Rochester, NY | $12,131,024 | $9,484,321 |
Equinox Inc Albany, NY | $7,754,124 | $11,254,428 |
Rochester Management Inc Rochester, NY | $15,106,778 | $10,149,651 |
Jerome Avenue Care For The Homeless New York, NY | $8,771,577 | $9,215,112 |
Oub Court Housing Company Inc Bronx, NY | $15,971,755 | $7,036,525 |
Southeast Grand St Guild Hdf Co Inc Residential Management Assoc Inc Garden City, NY | $32,454,650 | $10,208,365 |
Evernorth Burlington, VT | $26,020,823 | $8,207,006 |
Hebrew Home Housing Development Fund Co Inc Bronx, NY | $13,025,058 | $6,258,776 |
Mishawum Park Tenants Association Inc Braintree, MA | $36,767,027 | $4,697,884 |