Westford Initiative For Senior Housing Inc
- Assets
- $0.0
- Revenue
- $379.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Chelmsford, MA
- Founding
- 07/2006
- Data as of
- 06/2022
- EIN
- 20-2208697
Organization Overview
Westford Initiative For Senior Housing Inc is located in Chelmsford, MA. The organization was established in 2006. 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. Westford Initiative For Senior Housing 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, Westford Initiative For Senior Housing Inc generated $379.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $4.5m during the year ending 06/2022. 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
OPERATES A 36-UNIT HOUSING PROJECT IN WESTFORD, MASSACHUSETTS FOR LOW- INCOME ELDERLY PERSONS UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT AND IS REGULATED BY HUD WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OPERATE A 36-UNIT SECTION 202 ELDERLY HOUSING PROJECT FOR LOW-INCOME DISABLED INDIVIDUALS. THE ORGANIZATION BEGAN OPERATIONS IN APRIL 2009 AND THE PROJECT IS REGULATED BY HUD WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE ACTIVITY REPORTED ON THIS FORM 990 REFLECTS THE ACTIVITY OF THIS PROPERTY THROUGH MARCH 31, 2022. EFFECTIVE APRIL 1, 2022, THE ORGANIZATION TRANSFERRED OWNERSHIP OF THE PROPERTY TO CHOICE HOUSING OPPORTUNITIES FOR INTERGENERATIONAL AND COMMUNITY ENDEAVORS, INC. (CHOICE). IN CONNECTION WITH THE TRANSFER, CHOICE ENTERED INTO AN AGREEMENT WITH HUD THAT RESTRICTS THE PROPERTY AS RENTAL HOUSING FOR THE ELDERLY THROUGH MARCH 31, 2042 AND HUD RELEASED THE ORGANIZATION FROM THE REQUIREMENTS OF THE CAPITAL ADVANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Denise Marcaurelle President | OfficerTrustee | 1 | $0 |
Wendy Maurielle Treasurer | OfficerTrustee | 1 | $0 |
Michael Murray Clerk | OfficerTrustee | 1 | $0 |
Cornelia Donahue Comtois Executive Director | Officer | 1 | $0 |
Judith O'connor Director | Trustee | 1 | $0 |
Georgianna Mueller Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $245,628 |
| 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 | $245,628 |
| Total Program Service Revenue | $105,624 |
| Investment income | $116 |
| 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 | $379,922 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,012,029 |
| 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 | $28,013 |
| Fees for services: Legal | $27,118 |
| Fees for services: Accounting | $5,688 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $125,236 |
| Advertising and promotion | $0 |
| Office expenses | $6,128 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $127,425 |
| Travel | $737 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $122,756 |
| Insurance | $0 |
| All other expenses | $25,212 |
| Total functional expenses | $4,480,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Champlain Housing Tr Burlington, VT | $156,492,954 | $31,041,858 |
Neville Communities Home Inc Cambridge, MA | $11,055,368 | $17,412,264 |
Affordable Housing And Services Collaborative Inc Braintree, MA | $170,389,416 | $17,704,653 |
Fairhaven Healthcare Center Inc Lowell, MA | $23,711,383 | $11,897,110 |
Jewish Federation Housing Development Fund Company Buffalo, NY | $0 | $1,951,149 |
National Affordable Housing Foundation Schenectady Inc Waltham, MA | $11,290,760 | $3,782,521 |
Neighborhood Of Affordable Housing Inc East Boston, MA | $27,971,204 | $13,300,567 |
Grand Central District Management Association Inc New York, NY | $3,484,616 | $12,729,561 |
Westbeth Corp Housing Development Fund Company Inc New York, NY | $62,389,155 | $10,191,211 |
Inquilinos Boricuas En Accion Inc Boston, MA | $173,108,948 | $16,934,744 |
Brighton Beach Housing Development Fund Company Inc New York, NY | $22,060,771 | $3,270,016 |
Milton-Fuller Housing Corporation Milton, MA | $76,615,525 | $9,254,138 |