Mission Hill Neighborhood Housing
- Assets
- $33.8m
- Revenue
- $725.7k
- Investments
- $2.2m
- Employees
- 4
- Location
- Boston, MA
- Founding
- 09/1991
- Data as of
- 12/2022
- EIN
- 23-7428011
Organization Overview
Mission Hill Neighborhood Housing is located in Boston, MA. The organization was established in 1991. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Mission Hill Neighborhood Housing employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mission Hill Neighborhood Housing 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, Mission Hill Neighborhood Housing generated $725.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $602.4k during the year ending 12/2022. 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
MHNHS STRIVES TO INVOLVE ALL SEGMENTS OF THE COMMUNITY IN PLANNING HOUSING AND ECONOMIC DEVELOPMENT ACTIVITIES DESIGNED TO PRESERVE MISSION HILLS UNIQUE CHARACTER, IMPROVE THE STANDARD OF LIVING FOR ITS LOWER INCOME RESIDENTS AND ENHANCE THE QUALITY OF LIFE FOR EVERYONE ON MISSION HILL. THE DEVELOPMENT AND MAINTENANCE OF STABLE, DECENT AND AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME PEOPLE IS ONE OF THE PRIMARY PURPOSES OF MHNHS.
THE ORGANIZATION LEASES A SIX-UNIT RESIDENTIAL APARTMENT BUILDING KNOWN AS HERE HOUSE TO LOW-INCOME ELDERLY PERSONS.
THE ORGANIZATION OPERATES AND ASSET MANAGES A MIXED USE RESIDENTIAL/RETAIL/OFFICE TRANSIT ORIENTED BUILDING THAT INCLUDES 40 AFFORDABLE RESIDENTIAL HOUSING UNITS QUALIFYING FOR LOW-INCOME HOUSING TAX CREDITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Flaherty Executive Director | Officer | 40 | $135,639 |
Johanna Sena Director | Trustee | 2 | $0 |
John Jackson Director | Trustee | 2 | $0 |
Adam Sarbaugh Director | Trustee | 2 | $0 |
Mitch Hilton Director | Trustee | 2 | $0 |
Cindy Walling Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Goody Clancy Architects Architects | 12/30/16 | $389,387 |
Nei General Contracting General Contractor | 12/30/16 | $3,263,740 |
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 | $247,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $247,350 |
| Total Program Service Revenue | $356,249 |
| Investment income | $75,696 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $72,117 |
| Net Gain/Loss on Asset Sales | -$33,714 |
| Net Income from Fundraising Events | $40,960 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $725,654 |
| 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 | $5,861 |
| Compensation of current officers, directors, key employees. | $135,639 |
| Compensation of current officers, directors, key employees. | $44,761 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $121,116 |
| Pension plan accruals and contributions | $8,248 |
| Other employee benefits | $24,755 |
| Payroll taxes | $19,938 |
| Fees for services: Management | $8,108 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $90,725 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,336 |
| Advertising and promotion | $0 |
| Office expenses | $89,984 |
| Information technology | $1,560 |
| Royalties | $0 |
| Occupancy | $34,112 |
| 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 | $10,294 |
| Insurance | $7,742 |
| All other expenses | $0 |
| Total functional expenses | $602,418 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,448,969 |
| Savings and temporary cash investments | $3,470,456 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $99,664 |
| 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 | $81,148 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $2,247,764 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $26,462,821 |
| Total assets | $33,810,822 |
| Accounts payable and accrued expenses | $1,660,072 |
| 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 | $7,445,330 |
| Other liabilities | $9,825,387 |
| Total liabilities | $18,930,789 |
| Net assets without donor restrictions | $8,471,597 |
| Net assets with donor restrictions | $6,408,436 |
| 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 | $33,810,822 |