philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Peace Properties INC FY2021 filing

Tax-deductible

East Boston, MA501(c)(3)Foundations & Grantmakers EIN 04-3173140Revenue $215K in FY2021

On file with the IRSnoahcdc.org143 Border St, 02128-1903 · East Boston, MATax-exempt since Apr 2018Supporting org, Type I — 509(a)(3)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

The development of low and moderate income housing projects

501(c)(3) charity; gifts are tax-deductible.
59¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average surplus $149K a year · 40% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
59%
of spending
Worth a look: 59% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.8M
106% of total assets
Concern: liabilities are 106% of assets; over 80%.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$215K
-81% vs prior year
Spent
$273K
To programs
59%
Net assets
−$264K
By yearFY2020–FY2024
Revenue
$215K
FY2021▼ -81%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$215K
FY2022$124K
FY2023$238K
FY2024$150K
Expenses
$273K
FY2021▲ +44%
Tap a bar for its year
Expenses by fiscal year
FY2020$189K
FY2021$273K
FY2022$158K
FY2023$268K
FY2024$231K
Net assets
−$264K
FY2021▼ -28%
Tap a bar for its year
Net assets by fiscal year
FY2020−$207K
FY2021−$264K
FY2022−$299K
FY2023−$328K
FY2024−$821K

From the FY2021 Form 990 · see the original

Give Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2018.

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

Where the money goes

59 cents of each dollar spent went to programs.

Program services 59% · $160K Management & general 41% · $113K

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

16 people listed on the 990.

Part VII, Section A · reportable compensation
Michael Lake
President
$0Pt VII · Sec A
Mark Savatsky
Vice President
$0Pt VII · Sec A
Lauren Demayo CPA
Treasurer (left During 2021)
$0Pt VII · Sec A
$0Pt VII · Sec A
Ricardo Patron
Board Member
$0Pt VII · Sec A
Orlando Pacheco
Board Member
$0Pt VII · Sec A
Greg Comeau CPA
Board Member
$0Pt VII · Sec A
Rick High
Board Member
$0Pt VII · Sec A
See Peace Properties INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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 15aYes

Programs and updates

Builds affordable housing for low and moderate-income families.

Questions for Peace Properties INC

Tap to ask. Peace Properties INC sees how many people are interested.

Your first name shows with your question. Peace Properties INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $160K · in their own filed words · FY2021
01

Development of low and moderate income housing projects.

$160Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$215K
Ln 12
Fees for servicesLn 2g$147K
Other incomeLn 4–11$68K
Money outPt IX
$273K
Ln 25
Programscol B$160K
Managementcol C$113K
Owns and owesPt X
−$264K
net assets · Ln 32
Cash and savingsLn 1–2$73K
Total assetsLn 16$4.5M
LiabilitiesLn 26$4.8M
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$147K
Other incomeLn 4–11$68K
Total revenueLn 12$215K
Assets in detailPt X, end of year
CashLn 1$59K
SavingsLn 2$14K
Cash and savings togetherLn 1–2$73K
Land, buildings, equipmentLn 10c$1.8M
Other assetsLn 15$2.7M
Total assetsLn 16$4.5M
LiabilitiesLn 26$4.8M
Net assetsLn 32−$264K
OperationsPt I, VI
EmployeesI 50
VolunteersI 614
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 FY21End FY21
Cash and savingsLn 1–2$97K$73K
Land, buildings, equipmentLn 10c$1.8M$1.8M
Total assetsLn 16$3.4M$4.5M
LiabilitiesLn 26$3.6M$4.8M
Net assetsLn 32−$207K−$264K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$103K$103K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$5K$5K
OccupancyLn 16$38K$38K
InterestLn 20$38K$38K
Depreciation, depletion and amortizationLn 22$55K$55K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$25K$25K
Total functional expensesLn 25$273K$160K$113K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $150K$231K−$81K−$821K 990 PDF
FY2023 $238K$268K−$29K−$328K 990 PDF
FY2022 $124K$158K−$35K−$299K 990 PDF
FY2021 Viewing $215K$273K−$58K−$264K 990 PDF
FY2020 $1.1M$189K$947K−$207K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $215,280 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $25,000$0
I-9 Program service revenuePrior year $112,942$147,327
I-10 Investment incomePrior year $26,507$0
I-11 Other revenuePrior year $971,893$67,953
I-12 Total revenuePrior year $1,136,342$215,280
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 $189,101$273,017
I-18 Total expensesPrior year $189,101$273,017
I-19 Revenue less expensesPrior year $947,241−$57,737
Part VI · Governance 13 of 13 board members independent, no flags
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $215,280 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $147,327$147,327
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $67,953$67,953
VIII-12 Total revenueRelated to mission $215,280 · Unrelated business $0 · Excluded from tax $0$215,280
Part IX · Statement of functional expenses $273,017 across 8 lines filed
IX-11b Legal feesManagement $102,855$102,855
IX-11c Accounting feesManagement $3,500$3,500
IX-11g Other fees for servicesPrograms $4,703$4,703
IX-16 OccupancyPrograms $37,665$37,665
IX-20 InterestPrograms $37,578$37,578
IX-22 Depreciation, depletion and amortizationPrograms $55,364$55,364
IX-23 InsuranceManagement $6,506$6,506
IX-24 Other expenses (24a–d)Programs $24,846$24,846
IX-25 Total functional expensesPrograms $160,156 · Management $112,861 · Fundraising $0$273,017
Part X · Balance sheet $4,539,561 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $75,049$59,269
X-2 Savings and temporary cash investmentsStart of year $22,327$13,720
X-4 Accounts receivableStart of year $40,264$8,970
X-9 Prepaid expenses and deferred chargesStart of year $813$580
X-10c Land, buildings and equipment, netStart of year $1,845,958$1,790,594
X-15 Other assetsStart of year $1,430,106$2,666,428
X-16 Total assetsStart of year $3,414,517$4,539,561
X-17 Accounts payable and accrued expensesStart of year $190,362$287,596
X-25 Other liabilitiesStart of year $2,452,440$3,570,342
X-26 Total liabilitiesStart of year $3,621,084$4,803,865
X-27 Net assets without donor restrictionsStart of year −$229,456−$264,304
X-28 Net assets with donor restrictionsStart of year $22,889$0
X-32 Total net assets or fund balancesStart of year −$206,567−$264,304
X-33 Total liabilities and net assetsStart of year $3,414,517$4,539,561
Part XI · Reconciliation of net assets −$264,304 net assets at year end
XI-1 Total revenue$215,280
XI-2 Total expenses$273,017
XI-3 Revenue less expenses−$57,737
XI-4 Net assets at start of year−$206,567
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$264,304

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.