Fredricke Court Development Corporation

Organization Overview

Fredricke Court Development Corporation is located in Brewster, MA. The organization was established in 2002. 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. Fredricke Court Development 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 06/2022, Fredricke Court Development Corporation generated $279.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $331.4k during the year ending 06/2022. While expenses have increased by 2.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE PURPOSE OF FREDERICK COURT DEVELOPMENT IS TO DEVELOP,CONSTRUCT AND OPERATE TWENTY FOUR (24) UNITS OF AFFORDABLE HOUSING FOR ELDERLY AND HANDICAPPED INDIVIDUALS LOCATED IN BREWSTER, MA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED AFFORDABLE LOW INCOME HOUSING FOR THE ELDERLY AND HANDICAPPED.


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Board, Officers & Key Employees

Name (title)Compensation
Paul Ruchinskas
Treasurer
$0
Ralph Marotti
Board Member
$0
Ernest Rogers
President
$0
Robert Tobias
Board Member
$0
Denise Rego
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $128,877
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$128,877
Total Program Service Revenue$135,413
Investment income $124
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $279,157

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