Gamwell Development Corporation FY2022 filing

Tax-deductible

Pittsfield, MA501(c)(3)HousingEIN 01-0882153Revenue $58K in FY2022

On file with the IRS395 South St, 01201-6803 · Pittsfield, MATax-exempt since Apr 2007Publicly supported charity — 170(b)(1)(A)(vi)

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To provide low income housing for the developmentally disabled

501(c)(3) charity; gifts are tax-deductible.
69¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $32K a year · 58% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
69%
of spending
Fine: 69% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.2M
126% of total assets
Concern: liabilities are 126% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$58K
+6% vs prior year
Spent
$107K
To programs
69%
Net assets
−$245K
By yearFY2021–FY2025
Revenue
$58K
FY2022▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2021$54K
FY2022$58K
FY2023$54K
FY2024$54K
FY2025$58K
Expenses
$107K
FY2022▲ +31%
Tap a bar for its year
Expenses by fiscal year
FY2021$81K
FY2022$107K
FY2023$78K
FY2024$74K
FY2025$98K
Net assets
−$245K
FY2022▼ -25%
Tap a bar for its year
Net assets by fiscal year
FY2021−$195K
FY2022−$245K
FY2023−$268K
FY2024−$288K
FY2025−$329K

From the FY2022 Form 990 (year ending June 2022) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

69 cents of each dollar spent went to programs.

Program services 69% · $73K Management & general 31% · $34K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds affordable homes for adults with developmental disabilities.

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Provided by the organization

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1 program · $73K · in their own filed words · FY2021
01

The organization provides 6 units of housing for the disabled under section 811. Rental assistance is available for each unit.

$73Kprogram expense

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$58K
Ln 12
Fees for servicesLn 2g$54K
Gifts and grantsLn 1h$4K
Investment incomeLn 3$27
Money outPt IX
$107K
Ln 25
Programscol B$73K
Managementcol C$34K
Owns and owesPt X
−$245K
net assets · Ln 32
Cash and savingsLn 1–2$1K
Total assetsLn 16$944K
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4K
Noncash giftsLn 1g$4K
Fees for servicesLn 2g$54K
Investment incomeLn 3$27
Gains on assetsLn 7$0
Total revenueLn 12$58K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$1K
Cash and savings togetherLn 1–2$1K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$908K
Other assetsLn 15$35K
Total assetsLn 16$944K
LiabilitiesLn 26$1.2M
Net assetsLn 32−$245K
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$7K$1K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$928K$908K
Total assetsLn 16$997K$944K
LiabilitiesLn 26$1.2M$1.2M
Net assetsLn 32−$195K−$245K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$4K$2K$2K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$1K$385$696
Payroll taxesLn 10$348$170$178
Management feesLn 11a$4K$4K
Legal feesLn 11b$0
Accounting feesLn 11c$3K$3K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$2K$2K
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$26K$26K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$26K$26K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$35K$14K$21K
All other expensesLn 24e$3K$2K$674
Total functional expensesLn 25$107K$73K$34K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $58K$98K−$40K−$329K 990 PDF
FY2024 $54K$74K−$20K−$288K 990 PDF
FY2023 $54K$78K−$24K−$268K 990 PDF
FY2022 Viewing $58K$107K−$49K−$245K 990 PDF
FY2021 $54K$81K−$27K−$195K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $57,527 revenue, 12 lines filed
I-8 Contributions and grants$3,500
I-9 Program service revenuePrior year $54,000$54,000
I-10 Investment incomePrior year $42$27
I-11 Other revenue$0
I-12 Total revenuePrior year $54,042$57,527
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $5,036$5,909
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $76,370$100,931
I-18 Total expensesPrior year $81,406$106,840
I-19 Revenue less expensesPrior year −$27,364−$49,313
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $57,527 across 10 lines filed
VIII-1f All other contributions, gifts and grants$3,500
VIII-1g Noncash contributions (included above)$3,500
VIII-1h Total contributions, gifts and grants$3,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $54,000$54,000
VIII-3 Investment incomeExcluded from tax $27$27
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $54,000 · Excluded from tax $27$57,527
Part IX · Statement of functional expenses $106,840 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $2,186 · Management $2,294$4,480
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $385 · Management $696$1,081
IX-10 Payroll taxesPrograms $170 · Management $178$348
IX-11a Management feesManagement $3,822$3,822
IX-11b Legal fees$0
IX-11c Accounting feesManagement $3,100$3,100
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $2,161$2,161
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $26,133$26,133
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $25,927$25,927
IX-23 InsurancePrograms $1,783$1,783
IX-24 Other expenses (24a–d)Programs $14,444 · Management $20,596$35,040
IX-24e All other expensesPrograms $2,291 · Management $674$2,965
IX-25 Total functional expensesPrograms $73,319 · Management $33,521 · Fundraising $0$106,840
Part X · Balance sheet $944,085 assets, 20 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $7,294$1,313
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $172$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $928,166$907,707
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $61,559$35,065
X-16 Total assetsStart of year $997,191$944,085
X-17 Accounts payable and accrued expensesStart of year $13,453$10,000
X-19 Deferred revenueStart of year $341$1
X-25 Other liabilitiesStart of year $1,260$1,260
X-26 Total liabilitiesStart of year $1,192,553$1,188,760
X-27 Net assets without donor restrictionsStart of year −$195,362−$244,675
X-32 Total net assets or fund balancesStart of year −$195,362−$244,675
X-33 Total liabilities and net assetsStart of year $997,191$944,085
Part XI · Reconciliation of net assets −$244,675 net assets at year end
XI-1 Total revenue$57,527
XI-2 Total expenses$106,840
XI-3 Revenue less expenses−$49,313
XI-4 Net assets at start of year−$195,362
XI-10 Net assets at end of year−$244,675

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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