Planning Office For Urban Affairs Inc
- Assets
- $80.0m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 11
- Location
- Boston, MA
- Founding
- 11/1970
- Data as of
- 12/2023
- EIN
- 23-7089722
Organization Overview
Planning Office For Urban Affairs Inc is located in Boston, MA. The organization was established in 1970. 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, Planning Office For Urban Affairs Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Planning Office For Urban Affairs 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 12/2023, Planning Office For Urban Affairs Inc generated $3.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $3.3m during the year ending 12/2023. While expenses have increased by 11.7% per year over the past 8 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
TO SERVE AS A CATALYST FOR SOCIAL JUSTICE THROUGH ITS WORK IN HOUSING DEVELOPMENT AND NEIGHBORHOOD REVITALIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REAL ESTATE DEVELOPMENT - DEVELOPMENT OF LOW TO MODERATE INCOME HOUSING FOR FAMILIES, THE HOMELESS, AND ELDERLY PERSONS ALONG WITH OTHER SUPPLEMENTAL PROGRAMS TO ASSIST THE ELDERLY AND HOMELESS.
ASSET MANAGEMENT - POUA'S ASSET MANAGEMENT FUNCTION FOCUSES ON THE FINANCIAL PERFORMANCE, PHYSICAL HEALTH AND SUSTAINABILITY, REGULATORY COMPLIANCE, COMMUNITY SOCIAL IMPACTS, AND RESIDENT SATISFACTION AT EACH OF OUR PROPERTIES.
INVESTMENT IN AFFORDABLE RENTAL PROPERTIES - INCLUDES THE FINANCIAL PERFORMANCE OF THE CONSOLIDATED ENTITY OPERATIONS UNDER POUA'S CONTROL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Tierney Sr Chair Of Board | OfficerTrustee | 2 | $0 |
William Grogan President | OfficerTrustee | 40 | $301,433 |
Gerald D'avolio Secretary/clerk/trustee | OfficerTrustee | 2 | $0 |
Patrick Mcmahon Treasurer/trustee | OfficerTrustee | 2 | $0 |
Michael Vaughan Trustee | Trustee | 2 | $0 |
Patricia Foster Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $5,800 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $360,710 |
| Noncash contributions included in lines 1a–1f | $9,100 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $366,510 |
| Total Program Service Revenue | $3,729,873 |
| Investment income | $271,146 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,257,349 |
| Net Gain/Loss on Asset Sales | $639,708 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,749,888 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $694,325 |
| 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. | $539,645 |
| Compensation of current officers, directors, key employees. | $117,773 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $745,601 |
| Pension plan accruals and contributions | $26,754 |
| Other employee benefits | $81,745 |
| Payroll taxes | $84,164 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,706 |
| Fees for services: Accounting | $38,695 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $217,282 |
| Advertising and promotion | $44,508 |
| Office expenses | $83,512 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $245,262 |
| Travel | $25,912 |
| 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 | $4,155 |
| Insurance | $40,222 |
| All other expenses | $51 |
| Total functional expenses | $3,257,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,381,085 |
| Savings and temporary cash investments | $1,511,049 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,434,325 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $33,176,389 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $156,462 |
| Net Land, buildings, and equipment | $14,410,137 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $14,294,925 |
| Intangible assets | $0 |
| Other assets | $5,631,200 |
| Total assets | $79,995,572 |
| Accounts payable and accrued expenses | $659,400 |
| Grants payable | $0 |
| Deferred revenue | $58,505 |
| 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 | $14,932,606 |
| Unsecured mortgages and notes payable | $492,130 |
| Other liabilities | $1,222,871 |
| Total liabilities | $17,365,512 |
| Net assets without donor restrictions | $62,380,060 |
| Net assets with donor restrictions | $250,000 |
| 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 | $79,995,572 |
Grants Awarded
Over the last fiscal year, Planning Office For Urban Affairs Inc has awarded $685,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SANCTUARY PLACE INC PURPOSE: DEVELOPMENT OF HOUSING FOR VICTIMS OF HUMAN TRAFFICKING AND SEXUAL EXPLOITATION. | $50,000 |
THE PLANNING OFFICE OF URBAN AFFAIRS FOUNDATION INC PURPOSE: TO INVEST FOR FUTURE SUPPORT AND ADVANCEMENT OF THE MISSION OF THE PLANNING OFFICE FOR URBAN AFFAIRS, INC. | $600,000 |
THE HOUSING PARTNERSHIP NETWORK INC PURPOSE: TO PROVIDE SPONSORSHIP OF 10 STUDENTS FOR THE NEXT GEN TALENT ACADEMY. | $35,000 |