Commonwealth Land Trust Property Bowdoin Manor is located in Roxbury, MA. The organization was established in 1987. 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. As of 12/2023, Commonwealth Land Trust Property Bowdoin Manor employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Commonwealth Land Trust Property Bowdoin Manor 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 12/2023, Commonwealth Land Trust Property Bowdoin Manor generated $7.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.0% each year . All expenses for the organization totaled $7.0m during the year ending 12/2023. While expenses have increased by 11.2% per year over the past 9 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
LOW INCOME HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REAL ESTATE OPERATIONS - INCLUDES THE ORGANIZATION'S ASSET MANAGEMENT BUSINESS WHICH OVERSEES THE OPERATIONS OF ALL RESIDENTIAL AND COMMERCIAL RENTAL PROPERTIES, SERVING HOMELESS AND LOW TO MODERATE INCOME FAMILIES.
SUPPORTIVE HOUSING/CASE MANAGEMENT - INCLUDES THE ORGANIZATION'S SUPPORTIVE HOUSING PROGRAMS SERVING HOMELESS, DISABLED AND LOW-INCOME INDIVIDUAL RESIDENTS THAT STRUGGLE WITH MULTIPLE HEALTH PROBLEMS, INCLUDING PHYSICAL DISABILITIES, MENTAL HEALTH CHALLENGES, ADDICTIONS, AND HIV/AIDS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Iva Comey President/ceo | OfficerTrustee | 40 | $194,462 |
Alberto Chang Lcsw Director | Trustee | 0.5 | $0 |
Alexander Schultz Vice Chair | OfficerTrustee | 0.5 | $0 |
Alexandra Schweitzer Director | Trustee | 0.5 | $0 |
David Rosenblatt Director | Trustee | 0.5 | $0 |
Bruce Henderson Chair | OfficerTrustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $5,032,504 |
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 | $5,032,504 |
Total Program Service Revenue | $2,384,227 |
Investment income | $2,280 |
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 | $7,547,410 |
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 | $2,773,193 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $287,056 |
Payroll taxes | $300,015 |
Fees for services: Management | $81,307 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $332,691 |
Advertising and promotion | $0 |
Office expenses | $120,473 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $849,999 |
Travel | $8,464 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $380,768 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $551,196 |
Insurance | $185,672 |
All other expenses | $23,897 |
Total functional expenses | $6,952,451 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $3,929,362 |
Savings and temporary cash investments | $1,518,821 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $1,582,211 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $7,117,049 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $244,597 |
Net Land, buildings, and equipment | $14,124,416 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,369,946 |
Total assets | $29,886,402 |
Accounts payable and accrued expenses | $391,185 |
Grants payable | $0 |
Deferred revenue | $43,497 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $85,319 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $14,590,817 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $2,040,349 |
Total liabilities | $17,151,167 |
Net assets without donor restrictions | $12,585,235 |
Net assets with donor restrictions | $150,000 |
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 | $29,886,402 |