Bphc Northhampton Development Corp Inc
- Assets
- $21.2m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 09/2013
- Data as of
- 06/2021
- EIN
- 61-1717943
Organization Overview
Bphc Northhampton Development Corp Inc is located in Boston, MA. The organization was established in 2013. According to its NTEE Classification (L19) the organization is classified as: Support N.E.C., 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. Bphc Northhampton Development Corp Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 06/2021, Bphc Northhampton Development Corp Inc generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.5%) each year.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATIONS MISSION IS TO PROMOTE SOCIAL WELFARE BY BRINGING ABOUT CIVIC BETTERMENTS AND SOCIAL IMPROVEMENTS BY LESSONING THE BURDENS ON GOVERNMENT AND HELPING TO PROVIDE AFFORDABLE HOUSING TO RESIDENTS OF THE CITY OF BOSTON, THEREBY RELIEVING THE POOR AND DISTRESSED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE CIVIC BETTERMENTS, SOCIAL IMPROVEMENTS BY HELPING TO PROVIDE AFFORDABLE LOW-INCOME HOUSING IN THE CITY OF BOSTON ON THE NORTHAMPTON SQUARE CAMPUS, WITHOUT BURDENING THE GOVERNMENT. FOR PURPOSES OF REHABILITATING TWO BUILDINGS, 347 UNITS OWNED BY THE BOSTON PUBLIC HEALTH COMMISSION ("BPHC"), TWO FOR-PROFIT PARTNERSHIPS ENTERED INTO CAPITAL LEASES FOR THE TWO BUILDINGS, AND RAISED THE FUNDS TO DO A SIGNIFICANT REHABILITATION OF THE TWO BUILDINGS. PROGRAM REVENUE IS RECEIVED FROM THE PARTNERSHIPS IN THE FORM OF LEASE PAYMENTS AS WELL AS ACCRUED INTEREST ON LOANS PROVIDED THROUGH THE SALE OF STATE LOW INCOME HOUSING TAX CREDITS THAT ARE DUE UPON MATURITY. ONCE THE ORGANIZATION RECEIVES THE LEASE PAYMENTS THAT ARE CONTINGENT ON CASH AVAILABLE FROM THE PARTNERSHIPS, CASH PAYMENTS ARE PAID OUT TO THE BPHC TO FUND PROGRAMS FOR THE HOMELESS AND OTHER SERVICES. A SCHEDULE R IS ATTACHED TO DISCLOSE THE RELATED PARTY.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monica Valdes Lupi President | OfficerTrustee | 0.25 | $0 |
Grace Connolly Treasurer And Director | OfficerTrustee | 0.25 | $0 |
Timothy Harrington Clerk And Director | OfficerTrustee | 0.25 | $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 | $1,699,614 |
| 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 | $1,699,614 |
| 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 | $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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $1,500,000 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,500,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $21,203,432 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,203,432 |
| Accounts payable and accrued expenses | $1,094,627 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,094,627 |
| Net assets without donor restrictions | $0 |
| 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 | $20,108,805 |
| Total liabilities and net assets/fund balances | $21,203,432 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
2life Development Inc Brighton, MA | $71,180,944 | $18,442,494 |
East River Development Alliance Inc Long Island City, NY | $2,664,233 | $7,145,499 |
Habitat For Humanity International Inc Yarmouth Port, MA | $9,542,224 | $5,229,112 |
Green Mountain Habitat For Humanity Williston, VT | $6,106,072 | $4,490,260 |
Mesa Of N Y Inc Syracuse, NY | $17,850,923 | $2,659,402 |
Bphc Northhampton Development Corp Inc Boston, MA | $21,203,432 | $1,699,614 |
Episcopal Church Home Foundation Inc Rochester, NY | $28,068,379 | $3,009,679 |
Bnai Brith Housing New England Inc Brighton, MA | $13,547,116 | $1,754,959 |
Habitat For Humanity International Inc Shannock, RI | $4,572,368 | $1,165,090 |
Consumer Law Building Corporation Boston, MA | $16,410,532 | $1,243,747 |
Metro Housing Boston Boston, MA | $10,126,069 | $536,025 |
West Town Village Housing Development Fund Company Inc Rochester, NY | $2,435,220 | $397,200 |