St Anthony Association Of Boston In
- Assets
- $1.7m
- Revenue
- $228.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 04-6111735
Organization Overview
St Anthony Association Of Boston In is located in Cambridge, MA. The organization was established in 1946. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Anthony Association Of Boston In is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 06/2022, St Anthony Association Of Boston In generated $228.4k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $85.7k during the year ending 06/2022. While expenses have increased by 1.4% per year over the past 6 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THE ASSOCIATION IS TO SUBSIDIZE EDUCATIONAL HOUSING FOR A GROUP OF 40 MIT STUDENTS BY RENTING THEM (AT REDUCED COST) THE BUILDING AND CONTENTS OF 428 MEMORIAL DRIVE, ON THE MIT CAMPUS IN CAMBRIDGE, MASSACHUSETTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION'S STATED PURPOSE REQUIRES EXPENDITURES (PARTICULARLY ON DEFERRED MAINTENANCE) IN EXCESS OF WHAT THE RESIDENT MIT STUDENTS COULD REASONABLY AFFORD WITHOUT THE ASSOCIATION'S SUBSIDY. ALL REVENUES ARE RESERVED TO SUPPORT PROGRAM SERVICES, THEREBY REDUCING THE EDUCATIONAL EXPENSES OF THE 40 RESIDENT STUDENTS. THE SUBJECT FISCAL YEAR CONTINUED TO BE DISRUPTED BY COVID-19, WITH IN PERSON CLASSES RESUMING AT MIT UNDER RESTRICTIVE RULES AND WITH MIT PROVIDING SOME COST-BASED SUBSIDIES OF STUDENT OPERATING COST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Yazbek President | Officer | 8 | $0 |
Rand Hidayah Vice President | Officer | 1 | $0 |
Peter Wender Treasurer | Officer | 4 | $0 |
Eyas Sharaiha Director - Alumni House Manager | Trustee | 5 | $0 |
Aron Perez-Lopez Director | Trustee | 1 | $0 |
Megan O'donnell Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $300 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,022 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,322 |
| Total Program Service Revenue | $110,000 |
| Investment income | $61,763 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $13,463 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $228,410 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $300 |
| Fees for services: Investment Management | $6,943 |
| Fees for services: Other | $0 |
| Advertising and promotion | $868 |
| Office expenses | $1,074 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,335 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $27,374 |
| All other expenses | $0 |
| Total functional expenses | $85,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $518,869 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,900 |
| Net Land, buildings, and equipment | $8,000 |
| Investments—publicly traded securities | $1,202,449 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,738,218 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $8,000 |
| Retained earnings, endowment, accumulated income, or other funds | $1,730,218 |
| Total liabilities and net assets/fund balances | $1,738,218 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that St Anthony Association Of Boston In has recieved totaling $10,651.
| Awarding Organization | Amount |
|---|---|
Massachusetts Institute Of Technology Cambridge, MA PURPOSE: IRDF Grant | $10,651 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
156 West 106th Street Holding Corp New York, NY | $627,698 | $10,000,000 |
University At Albany Bioscience Development Corporation Albany, NY | $44,515,468 | $7,817,426 |
Tgm Realty Corp 20 New York, NY | $499,485,449 | $22,200,197 |
121 W Chestnut Associates Inc Boston, MA | $88,401,570 | $6,440,632 |
Greater Boston Real Estate Board Boston, MA | $10,089,510 | $6,801,550 |
Realty Advisory Board On Labor Relations Incorporated New York, NY | $24,561,185 | $8,236,641 |
Cil Realty Inc Hartford, CT | $204,453,350 | $9,350,874 |
Dhu Realty Corp New York, NY | $1,097,719 | $3,124,620 |
330 North Brand Inc Hartford, CT | $104,479,705 | $8,295,726 |
Massachusetts Association Of Realtors Inc Foxborough, MA | $16,699,943 | $5,237,756 |
Star Island Corporation Portsmouth, NH | $13,251,365 | $4,288,283 |
Town Center Apartments Inc Boston, MA | $89,126,403 | $7,900,572 |