The Southborough Village Society Inc
- Assets
- $1.9m
- Revenue
- $449.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Southborough, MA
- Founding
- 07/1995
- Data as of
- 12/2021
- EIN
- 22-3315625
Organization Overview
The Southborough Village Society Inc is located in Southborough, MA. The organization was established in 1995. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., 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. Southborough Village Society 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 12/2021, Southborough Village Society Inc generated $449.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 34.3% each year . All expenses for the organization totaled $33.9k during the year ending 12/2021. 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
INSTRUCTION, EDUCATION AND ENCOURAGEMENT FOR THE RESIDENTS OF SOUTHBOROUGH, MA. BY PROVIDING FACILITIES AND PROGRAMS TO THEM AND OTHER TOWN ORGANIZATIONS IN SOUTHBOROUGH MA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTION, EDUCATION AND ENCOURAGEMENT FOR THE RESIDNETS OF SOUTHBOROUGH, MA. BY PROVIDING FACILITIES AND PROGRAMS TO THEM AND VARIOUS OTHER TOWN ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Betty Minnucci Director | OfficerTrustee | 10 | $0 |
Dennis Flynn Director | OfficerTrustee | 10 | $0 |
Margaret M Harding Secretary | OfficerTrustee | 10 | $0 |
Ray Hukkinson Member | OfficerTrustee | 10 | $0 |
Daniel Donahue President | OfficerTrustee | 10 | $0 |
Stephen C Philips Vice President | OfficerTrustee | 10 | $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 | $331,615 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $331,615 |
| Total Program Service Revenue | $0 |
| Investment income | $117,882 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $200 |
| 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 | $449,697 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $10,492 |
| Insurance | $5,847 |
| All other expenses | $3,337 |
| Total functional expenses | $33,909 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $605,547 |
| 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 | $19,036 |
| Investments—publicly traded securities | $1,229,463 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,854,046 |
| 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 | $1,854,046 |
| 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 | $1,854,046 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Southborough Village Society Inc has recieved totaling $200.
| Awarding Organization | Amount |
|---|---|
Giblin Family Foundation Southborough, MA PURPOSE: FURTHER CHARITABLE MISSION | $100 |
Giblin Family Foundation Southborough, MA PURPOSE: FURTHER CHARITABLE MISSION | $100 |
Peer Organizations
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|---|---|---|
Living Independently Forever Inc Hyannis, MA | $12,273,693 | $10,857,981 |
Civic Builders Inc New York, NY | $87,716,137 | $21,789,241 |
Buffalo Federation Of Neighborhood Centers Inc Buffalo, NY | $8,954,316 | $11,146,328 |
Grand Street Guild East Housing Development Fund Company Inc Garden City, NY | $32,476,672 | $9,886,793 |
Grand Street Guild Hdfc Inc Garden City, NY | $33,829,247 | $10,532,897 |
Aishes Chayil Dkiryas Joel Mothers Relief Center Inc Monroe, NY | $15,335,659 | $8,593,002 |
The Converse Home Inc Burlington, VT | $9,403,525 | $5,936,204 |
Eger Harbor House Inc Staten Island, NY | $7,548,241 | $1,243,763 |
Scott-Farrar Home Peterborough, NH | $20,723,129 | $5,884,459 |
Muhlenberg Community Housing Development Fund Corporation New York, NY | $13,246,264 | $3,873,664 |
Vera House Inc Syracuse, NY | $4,000,028 | $5,311,307 |
Providence Building Sanitary And Educational Association Providence, RI | $18,624,699 | $5,416,407 |