Worcester Common Ground Inc
- Assets
- $16.4m
- Revenue
- $3.3m
- Investments
- $0.0
- Employees
- 8
- Location
- Worcester, MA
- Founding
- 01/1994
- Data as of
- 12/2022
- EIN
- 22-2976657
Organization Overview
Worcester Common Ground Inc is located in Worcester, MA. The organization was established in 1994. As of 12/2022, Worcester Common Ground Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Worcester Common Ground 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 12/2022, Worcester Common Ground Inc generated $3.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $1.4m during the year ending 12/2022. While expenses have increased by 4.3% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ESTABLISH AND MAINTAIN HOUSING FOR LOW AND MODERATE INCOME FAMILIES IN THE WORCESTER AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP AND PROVIDE HOUSING FOR LOW AND MODERATE INCOME FAMILIES. WORCESTER COMMON GROUND ALSO PROVIDES INCOME ELIGIBLE INDIVIDUALS THE OPPORTUNITY TO BE HOMEOWNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yvette Dyson Executive Director | 40 | $102,559 | |
Mallory Shelly Director | Trustee | 1 | $0 |
Jono O'sullivan Secretary | OfficerTrustee | 1 | $0 |
Amy Cox Director | Trustee | 1 | $0 |
Edwardo Jimenez Secretary | OfficerTrustee | 1 | $0 |
Sam Smith Director | Trustee | 1 | $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 | $1,886,732 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,886,732 |
| Total Program Service Revenue | $1,424,245 |
| Investment income | $2,198 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$28,749 |
| 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 | $3,284,426 |
| 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. | $102,559 |
| Compensation of current officers, directors, key employees. | $17,435 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $284,489 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $70,764 |
| Payroll taxes | $31,663 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,114 |
| Fees for services: Accounting | $32,219 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $60,071 |
| Advertising and promotion | $4,608 |
| Office expenses | $13,214 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $551,905 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,372 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $175,775 |
| Insurance | $46,652 |
| All other expenses | $0 |
| Total functional expenses | $1,435,947 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $793,516 |
| Savings and temporary cash investments | $325,573 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $659,257 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $5,967,034 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,864 |
| Net Land, buildings, and equipment | $7,353,842 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,252,420 |
| Total assets | $16,372,506 |
| Accounts payable and accrued expenses | $290,834 |
| Grants payable | $0 |
| Deferred revenue | $370,743 |
| 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 | $5,778,951 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $651,515 |
| Total liabilities | $7,092,043 |
| Net assets without donor restrictions | $9,280,463 |
| 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 | $16,372,506 |