Montello Welcome Home Again Inc
- Assets
- $4.7m
- Revenue
- $332.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Brockton, MA
- Founding
- 05/2017
- Data as of
- 06/2022
- EIN
- 81-5024343
Organization Overview
Montello Welcome Home Again Inc is located in Brockton, MA. The organization was established in 2017. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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 Again 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 06/2022, Montello Welcome Home Again Inc generated $332.3k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 29.9% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MONTELLO WELCOME HOME AGAIN, INC. WAS FORMED FOR THE PURPOSE OF DEVELOPING A 23 SINGLE ROOM OCCUPANCY BUILDING IN BROCKTON, MA FOR CHRONICALLY HOMELESS INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SUPPORTIVE HOUSING PROGRAM PROVIDES AFFORDABLE HOUSING TO CHRONICALLY HOMELESS INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Catherine Finn Vice Chair | OfficerTrustee | 1 | $0 |
James Oslin Treasurer | OfficerTrustee | 1 | $0 |
Dr Michael Kryzanek Chair | OfficerTrustee | 1 | $0 |
Joyce Hogan Secretary | OfficerTrustee | 1 | $0 |
John Yazwinski President & CEO | Officer | 1 | $0 |
Jillian Rupple Chief Financial Officer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $286,497 |
| 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 | $286,497 |
| Total Program Service Revenue | $45,666 |
| Investment income | $18 |
| 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 | $332,277 |
| 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 | $32,232 |
| Fees for services: Legal | $363 |
| Fees for services: Accounting | $4,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $166,832 |
| Advertising and promotion | $0 |
| Office expenses | $33,335 |
| Information technology | $3,986 |
| Royalties | $0 |
| Occupancy | $131,975 |
| Travel | $364 |
| 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 | $127,639 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $500,806 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,394 |
| Savings and temporary cash investments | $34,432 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,234 |
| 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 | $4,607,845 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,699,905 |
| Accounts payable and accrued expenses | $20,425 |
| 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 | $4,501,964 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $183,196 |
| Total liabilities | $4,705,585 |
| Net assets without donor restrictions | -$5,680 |
| 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 | $4,699,905 |
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East Harlem Pilot Block Housing Development Fund Co Inc New York, NY | $76,192,730 | $32,420,395 |
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