Weston Affordable Housing Inc
- Assets
- $4.9m
- Revenue
- $133.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Weston, MA
- Founding
- 06/2002
- Data as of
- 06/2024
- EIN
- 31-1740340
Organization Overview
Weston Affordable Housing Inc is located in Weston, MA. The organization was established in 2002. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, 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. Weston Affordable Housing 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 06/2024, Weston Affordable Housing Inc generated $133.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (20.8%) each year. All expenses for the organization totaled $134.5k during the year ending 06/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION WORKS TO PROMOTE THE AVAILABILITY OF AFFORDABLE HOUSING IN THE TOWN OF WESTON, MASSACHUSETTS. THE FOUNDATION CURRENTLY RENTS FOUR PROPERTIES (SIX RENTAL UNITS). THE UNITS ARE RENTED TO INDIVIDUALS AND FAMILIES WITH LOW OR MODERATE INCOME.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen Schaubert President | 3 | $0 | |
Robert A Nolan Vice President | 2 | $0 | |
Eileen Schaubert Treasurer | 2 | $0 | |
Robert A Nolan Secretary | 1 | $0 | |
Eileen Schaubert Director | 1 | $0 | |
Susan Haber Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $133,187 |
| Total Revenue | $133,189 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $85 |
| Depreciation | $64,595 |
| Occupancy | $49,712 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,152 |
| Total operating and administrative expenses | $134,498 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $134,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $610,569 |
| Savings and temporary cash investments | $15,723 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $4,163,273 |
| Other assets | $139,571 |
| Total assets | $4,929,136 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $6,865 |
| Total liabilities | $6,865 |