Home Together Community Housing Corp
- Assets
- $1.3m
- Revenue
- $56.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Gloucester, MA
- Founding
- 03/2012
- Data as of
- 09/2023
- EIN
- 45-4461663
Organization Overview
Home Together Community Housing Corp is located in Gloucester, MA. The organization was established in 2012. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental 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. Home Together Community Housing Corp 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 09/2023, Home Together Community Housing Corp generated $56.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $100.6k during the year ending 09/2023. 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
THE ORGANIZATION'S CHARITABLE PURPOSE IS TO PROVIDE HOMELESS AND OTHER LOW-INCOME FAMILIES WITH DECENT AND AFFORDABLE FACILITIES AND SERVICES DESIGNED TO MEET THEIR, PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING FOR HOMELESS AND LOW-INCOME FAMILIES AT MARSH STREET IN GLOUCESTER, MA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Lesch Treasurer | OfficerTrustee | 3 | $0 |
Linda Murphy Vice-Chair | OfficerTrustee | 3 | $0 |
Linda Giamanco Chair | OfficerTrustee | 3 | $0 |
Sally Berkowitz Secretary | OfficerTrustee | 3 | $0 |
Peggy Hegarty-Steck Chief Executive Officer Action | Officer | 1 | $0 |
Ken Kudym CFO Of Action Inc | Officer | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $56,280 |
| 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 | $2,422 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $147 |
| Payroll taxes | $185 |
| 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 | $1,191 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,826 |
| Travel | $2 |
| 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 | $32,906 |
| Insurance | $2,880 |
| All other expenses | $522 |
| Total functional expenses | $100,575 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $85,628 |
| Savings and temporary cash investments | $0 |
| 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 | $1,227,798 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,503 |
| Total assets | $1,314,929 |
| 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 | $601,600 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $389,918 |
| Total liabilities | $991,518 |
| Net assets without donor restrictions | $323,411 |
| 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 | $1,314,929 |