Masslandlords Inc
- Assets
- $30.9k
- Revenue
- $446.8k
- Investments
- $0.0
- Employees
- 11
- Location
- Cambridge, MA
- Founding
- 10/1985
- Data as of
- 12/2023
- EIN
- 22-2606893
Organization Overview
Masslandlords Inc is located in Cambridge, MA. The organization was established in 1985. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Masslandlords Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Masslandlords Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Masslandlords Inc generated $446.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $534.6k during the year ending 12/2023. While expenses have increased by 13.8% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MASSLANDLORDS, INC. SEEKS TO CREATE BETTER RENTAL HOUSING IN MASSACHUSETTS BY HELPING CURRENT, NEW AND PROSPECTIVE LANDLORDS RUN PROFITABLE, COMPLIANT, AND QUALITY BUSINESSES, TO THIS END, WE ORGANIZE OPPORTUNITIES FOR LANDLORD EDUCATION AND NETWORKING AND ADVOCATE APPROPRIATE CHANGES TO THE LAWS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINUED TO INCREASE EDUCATIONAL OPPORTUNITIES FOR HOUSING PROVIDERS THROUGH NETWORKING AND TRAINING EVENTS, A HELPLINE, MESSAGE BOARDS AND ONGOING INFORMATIONAL COMMUNICATION.DOUBLED THE STATE TAX CREDIT FOR DELEADING FROM $1,500 PER UNIT TO $3,000 PER UNIT, INCREASING PUBLIC FUNDS AVAILABLE TO REMOVE THIS SHARED SOCIAL PROBLEM BY APPROXIMATELY $10 MILLION PER YEAR.MAINTAINED THE CERTIFIED MASSACHUSETTS LANDLORD, WITH 202 INDIVIDUALS MEETING THE REQUIREMENTS FOR LEVEL ONE AND 35 MEETING THE REQUIREMENTS FOR LEVEL TWO. TAUGHT 2,267 ATTENDEES ACROSS 100 ZOOM AND IN-PERSON EVENTS WITH A 98% POSITIVE RATING.OPERATED AND IMPROVED ON CORE MEMBER BENEFITS INCLUDING RENTAL FORMS, RETAIL SAVINGS, HELPLINE, NEWSLETTER, LOCAL AND STATE POLICY ADVOCACY, EVICTION DATA GATHERING, MESSAGE BOARDS AND THE SERVICE PROVIDER DIRECTORY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alec Bewsee Director | Trustee | 1 | $0 |
Michele Kasabula President | OfficerTrustee | 1 | $0 |
Steffen Landrum-Alves Treasurer | OfficerTrustee | 1 | $0 |
Erin Zamarro Director | Trustee | 1 | $0 |
Russell Sabadosa Secretary | OfficerTrustee | 1 | $0 |
Douglas Quattrochi Executive Director | Officer | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $446,836 |
| Investment income | $0 |
| 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 | $446,836 |
| 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. | $110,898 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $201,507 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,299 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $304 |
| Fees for services: Accounting | $6,522 |
| Fees for services: Lobbying | $56,504 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,463 |
| Advertising and promotion | $37,670 |
| Office expenses | $39,679 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,800 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,540 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,142 |
| All other expenses | $2,213 |
| Total functional expenses | $534,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,807 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$2,256 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $2,284 |
| 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 | $107 |
| Total assets | $30,942 |
| Accounts payable and accrued expenses | $408,089 |
| 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 | $408,089 |
| Net assets without donor restrictions | -$377,147 |
| 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 | $30,942 |