North Quabbin Opportunity Housing Inc
- Assets
- $2.7m
- Revenue
- $129.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Turners Falls, MA
- Founding
- 07/2014
- Data as of
- 12/2021
- EIN
- 46-4929486
Organization Overview
North Quabbin Opportunity Housing Inc is located in Turners Falls, MA. The organization was established in 2014. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. North Quabbin Opportunity 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 12/2021, North Quabbin Opportunity Housing Inc generated $129.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.9% each year . All expenses for the organization totaled $212.2k during the year ending 12/2021. While expenses have increased by 52.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE LIFE SKILLS EDUCATION, IN AN INDEPENDENT LIVING ENVIRONMENT FOR ADOLESCENTS INVOLVED WITH DSS AND OTHER LOCAL AND STATE AGENCIES. ALSO TO PROVIDE DROP IN SERVICES, COUNSELING AND EDUCATIONAL SERVICES TO OWN, REHABILITATE AND LEASE AFFORDABLE HOUSING WITH THE PRIMARY PURPOSE OF EDUCATING, TEACHING, TRAINING AND INCULCATING IN MEN WITH SPECIAL HOUSING NEEDS PARTICULARLY WITH SUBSTANCE USE AND ADDICTION NEEDS WITH THE LIFE SKILLS REQUIRED FOR INDEPENDENT LIVING IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PRIMARY PURPOSE OF THE CORPORATION IS THE REDEVELOPMENT AND LEASING OF AFFORDABLE HOUSING AND THEREIN PROVIDING LIFE SKILLS, EDUCATION, INDEPENDENT LIVING ENVIRONMENT FOR ADOLESCENTS (IN ONE BUILDING UNIT) AND MEN WHO HAVE SPECIAL HOUSING NEEDS PARTICULARLY THOSE WITH SUBSTANCE USE AND ADDICTIONS NEEDS (IN ANOTHER BUILDING UNIT).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shirley Mitchell Clerk | OfficerTrustee | 1 | $0 |
Christopher Donelan President | OfficerTrustee | 1 | $0 |
Regina Curtis Treasurer | OfficerTrustee | 1 | $0 |
Craig Lundgren Director | Trustee | 1 | $0 |
Rebecca Caplice Director | Trustee | 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 | $126 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $126 |
| Total Program Service Revenue | $129,524 |
| Investment income | $9 |
| 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 | $129,659 |
| 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 | $46,072 |
| Fees for services: Legal | $850 |
| Fees for services: Accounting | $2,000 |
| 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 | $1,922 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,794 |
| Travel | $206 |
| 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 | $89,734 |
| Insurance | $17,399 |
| All other expenses | $0 |
| Total functional expenses | $212,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $33,775 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,026 |
| 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 | $5,732 |
| Net Land, buildings, and equipment | $2,675,384 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,721,917 |
| Accounts payable and accrued expenses | $17,097 |
| 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 | $3,505,992 |
| Unsecured mortgages and notes payable | $20,000 |
| Other liabilities | $2,958 |
| Total liabilities | $3,546,047 |
| Net assets without donor restrictions | -$824,130 |
| 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 | $2,721,917 |
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Kendal At Hanover I Hanover, NH | $202,821,277 | $31,489,711 |
Mclean Affiliates Inc Simsbury, CT | $119,028,138 | $28,380,962 |
Israel Senior Citizens Housing Development Fund Corp New York, NY | $56,551,856 | $8,736,330 |
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