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 12/2021, Commonwealth Land Trust Property Bowdoin Manor employed 53 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 12/2021, Commonwealth Land Trust Property Bowdoin Manor generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.9% each year . All expenses for the organization totaled $4.9m during the year ending 12/2021. While expenses have increased by 9.0% 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
2021
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 | $184,265 |
Kevin R Kelly Chief Financial Officer (until Nov. 2021) | Officer | 40 | $117,815 |
Brenda Wilson Housing Director | 40 | $112,428 | |
Stephen Wilkins Director Of Marketing & Ou | 40 | $109,697 | |
Elise Ranger Clinical Program Director | 40 | $103,526 | |
Bruce Henderson Chair | OfficerTrustee | 0.5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $3,128,451 |
All other contributions, gifts, grants, and similar amounts not included above | $286,654 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,415,105 |
Total Program Service Revenue | $2,986,392 |
Investment income | $851 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $37,598 |
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 | $6,511,763 |
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. | $335,106 |
Compensation of current officers, directors, key employees. | $147,368 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,322,921 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $158,550 |
Payroll taxes | $134,771 |
Fees for services: Management | $77,913 |
Fees for services: Legal | $33,329 |
Fees for services: Accounting | $64,604 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $132,743 |
Advertising and promotion | $0 |
Office expenses | $39,617 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $1,387,617 |
Travel | $8,965 |
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 | $435,271 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $4,879,023 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,991,146 |
Savings and temporary cash investments | $1,261,775 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $788,294 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $7,521,132 |
Inventories for sale or use | $46,644 |
Prepaid expenses and deferred charges | $173,021 |
Net Land, buildings, and equipment | $14,012,829 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $3,870,497 |
Total assets | $29,665,338 |
Accounts payable and accrued expenses | $418,248 |
Grants payable | $0 |
Deferred revenue | $30,834 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $119,140 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $15,737,184 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $2,380,845 |
Total liabilities | $18,686,251 |
Net assets without donor restrictions | $10,979,087 |
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 | $29,665,338 |
Over the last fiscal year, we have identified 1 grants that Commonwealth Land Trust Property Bowdoin Manor has recieved totaling $145,557.
Awarding Organization | Amount |
---|---|
United Way Of Massachusetts Bay Inc Boston, MA PURPOSE: Community Impact | $145,557 |
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 |