Bartlett Place Land Inc
- Assets
- $22.8m
- Revenue
- $357.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Roxbury, MA
- Founding
- 11/2011
- Data as of
- 12/2021
- EIN
- 27-3563200
Organization Overview
Bartlett Place Land Inc is located in Roxbury, MA. The organization was established in 2011. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bartlett Place Land 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, Bartlett Place Land Inc generated $357.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (10.5%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP MIXED-USE PROJECTS COMBINING AFFORDABLE MIXED-INCOME RENTAL AND FOR-SALE HOUSING,COMMERCIAL RENTAL SPACE, AND PUBLIC OPEN SPACE USES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BARTLETT HAS BEEN AWARDED A VARIETY OF FUNDING SOURCES TO BEGINDEVELOPMENT OF TWO PARCELS.THE FIRST MID-RISE BUILDING AT BARTLETT PLACE IS IN CONSTRUCTION ANDWILL CREATE 50 NEW PERMANENT JOBS FOR LOCAL WORKERS AT AN INDEPENDENT,LOCALLY-OWNED GROCERY STORE FEATURING FRESH, HEALTHY, LOCAL FOODS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donna M Cramer Board President | OfficerTrustee | 1 | $0 |
Marilyn Sanchez Board Vice President | OfficerTrustee | 1 | $0 |
Alfonso Sira Board Clerk | OfficerTrustee | 1 | $0 |
Kelvin Juarbe Board Treasurer | OfficerTrustee | 1 | $0 |
Maria Latimore Board Director | Trustee | 1 | $0 |
William Elsbree Board Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bilt Rite Construction Inc Construction | 12/30/17 | $3,934,055 |
Wes Construction Construction | 12/30/17 | $342,017 |
Davis Square Architects Architect | 12/30/17 | $260,835 |
Chase & Lunt Insurance | 12/30/17 | $116,263 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $73,092 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,092 |
| Total Program Service Revenue | $946,779 |
| Investment income | $28 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$676,445 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $357,748 |
| 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 | $67,515 |
| Fees for services: Legal | $161 |
| Fees for services: Accounting | $14,760 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $106,648 |
| Advertising and promotion | $0 |
| Office expenses | $12,651 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $824,440 |
| 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 | $481,035 |
| Insurance | $856 |
| All other expenses | $94,975 |
| Total functional expenses | $1,603,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $357,692 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $150,864 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $162,932 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $478,323 |
| Net Land, buildings, and equipment | $16,833,597 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,809,670 |
| Total assets | $22,793,078 |
| Accounts payable and accrued expenses | $1,509,051 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $73,085 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $18,455,052 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,147,624 |
| Total liabilities | $23,184,812 |
| Net assets without donor restrictions | -$391,734 |
| 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 | $22,793,078 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Civic Concourse Village Corporation New York, NY | $28,206,759 | $2,332,033 |
Boston Impact Initiative Fund Jamaica Plain, MA | $9,324,957 | $1,483,915 |
Circulo Real Property Holding Corporation Garden City, NY | $14,540,047 | $1,206,514 |
Bartlett Place Land Inc Roxbury, MA | $22,793,078 | $357,748 |
Downtown Committee Of Syracuse Inc Syracuse, NY | $1,105,419 | $1,527,939 |
Helen Schuyler Tr Uw Bo Community Foundation Elmira, NY | $20,149,017 | $3,771,137 |
H-C Management Services Inc Holyoke, MA | $16,982,979 | $190,019 |
Pine Banks Park Foundation Malden, MA | $3,209,592 | $822,137 |
Park Side 104 Housing Development Fund Company Inc New York, NY | $2,165,362 | $410,244 |
Schuyler County Human Servicesdevelopment Corporation Watkins Glen, NY | $3,537,005 | $364,575 |
King Street Center Foundation Burlington, VT | $0 | $1,865,379 |
South Burlington Library Foundation Inc South Burlington, VT | $221,192 | $309,750 |