Stonybrook I Housing Services Inc
- Assets
- $1.5m
- Revenue
- $261.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Lowell, MA
- Founding
- 05/2017
- Data as of
- 06/2022
- EIN
- 81-4449057
Organization Overview
Stonybrook I Housing Services Inc is located in Lowell, MA. The organization was established in 2017. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Stonybrook I Housing Services Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 06/2022, Stonybrook I Housing Services Inc generated $261.3k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 37.0% each year . All expenses for the organization totaled $315.7k during the year ending 06/2022. While expenses have increased by 4.1% per year over the past 6 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME PERSONS AND FAMILIES IN WESTFORD, MASSACHUSETTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME PERSONS AND FAMILIES IN WESTFORD, MASSACHUSETTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Glenn Goldman President | OfficerTrustee | 1 | $0 |
Germaine Vigeant-Trudel Clerk | OfficerTrustee | 1 | $0 |
James B Hogan Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $85,709 |
| 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 | $85,709 |
| Total Program Service Revenue | $172,103 |
| Investment income | $346 |
| 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 | $261,269 |
| 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 | $26,122 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,379 |
| Payroll taxes | $2,333 |
| Fees for services: Management | $13,046 |
| Fees for services: Legal | $470 |
| Fees for services: Accounting | $10,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $920 |
| Advertising and promotion | $0 |
| Office expenses | $4,616 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $103,137 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $90,508 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,290 |
| Insurance | $2,051 |
| All other expenses | $1,750 |
| Total functional expenses | $315,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,970 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,852 |
| 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 | $13,172 |
| Net Land, buildings, and equipment | $1,258,295 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $175,607 |
| Total assets | $1,467,896 |
| Accounts payable and accrued expenses | $59,004 |
| Grants payable | $0 |
| Deferred revenue | $3,090 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $12,597 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,917,569 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,957 |
| Total liabilities | $1,998,217 |
| Net assets without donor restrictions | -$530,321 |
| 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 | $1,467,896 |
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