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Astor Assets INC

Tax-deductible

Boston, MA501(c)(3)Housing EIN 04-3170766Revenue $975K in FY2024Latest return filed Sep 19, 2025

On file with the IRSfenwaycdc.orgBoston, MATax-exempt since Aug 2011Publicly supported — 509(a)(2)

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Astor Assets, INC. (Astor Assets) was organized to promote affordable housing for low and moderate income families and individuals.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-3170766) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Run by 3 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $53K a year · 7% of revenue · last 5 filings
A surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
82% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
1.6 mo
of spending, in cash
1.6 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5.6M
88% of total assets
Liabilities are 88% of assets.
Pt X · Ln 26
Independent board members
2
of 4 voting members
2 of 4 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$975K
-4% vs prior year
Spent
$858K
To programs
82%
Net assets
$787K
By yearFY2020–FY2024
Revenue
$975K
FY2024▼ -4%
Tap a bar for its year
Revenue by fiscal year
FY2020$583K
FY2021$619K
FY2022$658K
FY2023$1.0M
FY2024$975K
Expenses
$858K
FY2024▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$615K
FY2021$619K
FY2022$725K
FY2023$764K
FY2024$858K
Net assets
$787K
FY2024▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2020$489K
FY2021$489K
FY2022$421K
FY2023$670K
FY2024$787K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Follow Claim

Is it real?

Yes. Exemption reinstated (2010-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Aug 2011.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $705K Management & general 18% · $153K

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

Something off? Claim to add context

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Steven Farrell
Director (as of 5/24)
$0Pt VII · Sec A
Greg Paulson Haig
President (until 5/24)
$0Pt VII · Sec A
Sarah Jenness
President (as of 5/24)
$0Pt VII · Sec A
$0Pt VII · Sec A
Nikki Flionis
Director (until 5/24)
$0Pt VII · Sec A
See Astor Assets INC executive salaries →

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

Promotes affordable housing for low and moderate income families and individuals.

Questions for Astor Assets INC

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1 program · $705K · in their own filed words · FY2024
01

Astor assets provides, or helps make available, housing for individuals and families of low and moderate income in massachusetts.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-3170766) · Dispute this line
$705Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$975K
Ln 12
Fees for servicesLn 2g$914K
Investment incomeLn 3$57K
Other incomeLn 4–11$4K
Money outPt IX
$858K
Ln 25
Programscol B$705K
Managementcol C$153K
Owns and owesPt X
$787K
net assets · Ln 32
Cash and savingsLn 1–2$111K
Total assetsLn 16$6.4M
LiabilitiesLn 26$5.6M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$914K
Investment incomeLn 3$57K
Other incomeLn 4–11$4K
Total revenueLn 12$975K
Assets in detailPt X, end of year
CashLn 1$68K
SavingsLn 2$43K
Cash and savings togetherLn 1–2$111K
Accounts receivableLn 4$19K
Prepaid expenses and deferred chargesLn 9$11K
Land, buildings, equipmentLn 10c$4.9M
Other assetsLn 15$1.3M
Total assetsLn 16$6.4M
LiabilitiesLn 26$5.6M
Net assetsLn 32$787K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderDecember
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 FY24End FY24
Cash and savingsLn 1–2$108K$111K
Land, buildings, equipmentLn 10c$4.9M$4.9M
Total assetsLn 16$6.2M$6.4M
LiabilitiesLn 26$5.5M$5.6M
Net assetsLn 32$670K$787K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$94K$94K
Legal feesLn 11b$13K$13K
Accounting feesLn 11c$21K$21K
Other fees for servicesLn 11g$148K$52K$96K
Advertising and promotionLn 12$934$934
Office expensesLn 13$23K$23K
OccupancyLn 16$403K$403K
InterestLn 20$34K$34K
Depreciation, depletion and amortizationLn 22$80K$80K
Other expenses (24a–d)Ln 24$40K$40K
Total functional expensesLn 25$858K$705K$153K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Sep 19, 2025 $975K$858K$117K$787K 990 PDF
FY2023Filed with the IRS Oct 28, 2024 $1.0M$764K$249K$670K 990 PDF
FY2022Filed with the IRS Sep 25, 2023 $658K$725K−$68K$421K 990 PDF
FY2021Filed with the IRS Oct 3, 2022 $619K$619K−$522$489K 990 PDF
FY2020Filed with the IRS Oct 5, 2021 $583K$615K−$31K$489K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $975,109 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $948,935$914,064
I-10 Investment incomePrior year $35,069$57,471
I-11 Other revenuePrior year $29,114$3,574
I-12 Total revenuePrior year $1,013,118$975,109
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $764,028$858,115
I-18 Total expensesPrior year $764,028$858,115
I-19 Revenue less expensesPrior year $249,090$116,994
Part VI · Governance 2 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members2
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 $975,109 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $914,064$914,064
VIII-3 Investment incomeExcluded from tax $57,471$57,471
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $3,574$3,574
VIII-12 Total revenueRelated to mission $917,638 · Unrelated business $0 · Excluded from tax $57,471$975,109
Part IX · Statement of functional expenses $858,115 across 10 lines filed
IX-11a Management feesPrograms $94,057$94,057
IX-11b Legal feesManagement $13,164$13,164
IX-11c Accounting feesManagement $21,087$21,087
IX-11g Other fees for servicesPrograms $52,206 · Management $96,158$148,364
IX-12 Advertising and promotionPrograms $934$934
IX-13 Office expensesManagement $22,623$22,623
IX-16 OccupancyPrograms $403,482$403,482
IX-20 InterestPrograms $33,621$33,621
IX-22 Depreciation, depletion and amortizationPrograms $80,335$80,335
IX-24 Other expenses (24a–d)Programs $40,448$40,448
IX-25 Total functional expensesPrograms $705,083 · Management $153,032 · Fundraising $0$858,115
Part X · Balance sheet $6,368,231 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $60,683$67,974
X-2 Savings and temporary cash investmentsStart of year $47,527$42,952
X-4 Accounts receivableStart of year $30,550$18,595
X-9 Prepaid expenses and deferred chargesStart of year $11,470$11,236
X-10c Land, buildings and equipment, netStart of year $4,855,113$4,919,801
X-15 Other assetsStart of year $1,168,802$1,307,673
X-16 Total assetsStart of year $6,174,145$6,368,231
X-17 Accounts payable and accrued expensesStart of year $117,757$203,471
X-23 Secured mortgages and notes payableStart of year $5,294,903$5,293,942
X-25 Other liabilitiesStart of year $91,267$83,606
X-26 Total liabilitiesStart of year $5,503,927$5,581,019
X-27 Net assets without donor restrictionsStart of year $670,218$787,212
X-32 Total net assets or fund balancesStart of year $670,218$787,212
X-33 Total liabilities and net assetsStart of year $6,174,145$6,368,231
Part XI · Reconciliation of net assets $787,212 net assets at year end
XI-1 Total revenue$975,109
XI-2 Total expenses$858,115
XI-3 Revenue less expenses$116,994
XI-4 Net assets at start of year$670,218
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$787,212

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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