Montello Welcome Home Inc
- Assets
- $3.8m
- Revenue
- $351.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Brockton, MA
- Founding
- 03/2014
- Data as of
- 06/2023
- EIN
- 46-3928436
Organization Overview
Montello Welcome Home Inc is located in Brockton, MA. The organization was established in 2014. 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. Montello Welcome Home 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 06/2023, Montello Welcome Home Inc generated $351.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $600.9k during the year ending 06/2023. 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
MONTELLO WELCOME HOME, INC. WAS FORMED FOR THE PURPOSE OF DEVELOPING HOUSING FOR THE HOMELESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SUPPORTIVE HOUSING PROGRAM PROVIDES AFFORDABLE HOUSING TO FORMERLY HOMELESS VETERANS AND CHRONICALLY HOMELESS INDIVIDUALS AND FAMILIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Michael Kryzanek Chair | OfficerTrustee | 1 | $0 |
Mary Catherine Finn Vice Chair | OfficerTrustee | 1 | $0 |
James Oslin Treasurer | OfficerTrustee | 1 | $0 |
Joyce Hogan Secretary | OfficerTrustee | 1 | $0 |
William Adams Director | Trustee | 1 | $0 |
David K Arnold II Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $306,259 |
| 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 | $306,259 |
| Total Program Service Revenue | $39,746 |
| Investment income | $63 |
| 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 | $351,068 |
| 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 | $36,416 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $227,373 |
| Advertising and promotion | $0 |
| Office expenses | $41,693 |
| Information technology | $5,010 |
| Royalties | $0 |
| Occupancy | $173,822 |
| Travel | $327 |
| 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 | $108,868 |
| Insurance | $0 |
| All other expenses | $1,770 |
| Total functional expenses | $600,879 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,145 |
| Savings and temporary cash investments | $14,304 |
| Pledges and grants receivable | $7,595 |
| 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 | $3,663,750 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $3,522 |
| Other assets | $0 |
| Total assets | $3,799,316 |
| Accounts payable and accrued expenses | $26,835 |
| 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 | $3,559,853 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $864,059 |
| Total liabilities | $4,450,747 |
| Net assets without donor restrictions | -$651,431 |
| 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 | $3,799,316 |