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Paz Properties INC

Not tax-deductible

East Boston, MAMutual-benefit / member-serving EIN 04-3206160Revenue $669K in FY2024Latest return filed Aug 18, 2025

On file with the IRSnoahcdc.orgEast Boston, MATax-exempt since Sep 1994

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The organization was formed for the exclusive purpose of holding title to real property located in east boston and to collect rental income from the the property and remit all income less expenses to neighborhood of affordable housing, INC., a 501(c)(3) public charity organization.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-3206160) · Dispute this line
100¢ of each $1 spent went to programs.
Run by 14 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list 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
0 of 5
filings with a surplus
Average deficit $59K a year · 10% of revenue · last 5 filings
A surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
100% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
6.0 mo
of spending, in cash
6.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.1M
127% of total assets
Liabilities are 127% of assets.
Pt X · Ln 26
Independent board members
9
of 9 voting members
9 of 9 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
$669K
+14% vs prior year
Spent
$729K
To programs
100%
Net assets
−$872K
By yearFY2020–FY2024
Revenue
$669K
FY2024▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$521K
FY2021$573K
FY2022$547K
FY2023$587K
FY2024$669K
Expenses
$729K
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$548K
FY2021$592K
FY2022$648K
FY2023$674K
FY2024$729K
Net assets
−$872K
FY2024▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020−$605K
FY2021−$625K
FY2022−$726K
FY2023−$813K
FY2024−$872K

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1994.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $729K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
David Bryant
President
$0Pt VII · Sec A
Celsa Moreno-Barker
Vice President
$0Pt VII · Sec A
Megan Reagon
Treasurer
$0Pt VII · Sec A
Robert Schmidt
Secretary/ Clerk
$0Pt VII · Sec A
Ana Alonzo
Board Member
$0Pt VII · Sec A
Monica Barrera
Board Member
$0Pt VII · Sec A
Nina Gaeta Coletta
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Paz Properties 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 15aYes

Programs and updates

Owns property, collects rent, and sends income to an affordable housing charity.

Questions for Paz Properties INC

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

1 program · $729K · in their own filed words · FY2024
01

Provides 27 units of residential housing to low to moderate income individuals and families.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-3206160) · Dispute this line
$729Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$669K
Ln 12
Fees for servicesLn 2g$646K
Investment incomeLn 3$13K
Other incomeLn 4–11$9K
Money outPt IX
$729K
Ln 25
Programscol B$729K
Owns and owesPt X
−$872K
net assets · Ln 32
Cash and savingsLn 1–2$362K
Total assetsLn 16$3.3M
LiabilitiesLn 26$4.1M
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$646K
Investment incomeLn 3$13K
Other incomeLn 4–11$9K
Total revenueLn 12$669K
Assets in detailPt X, end of year
CashLn 1$362K
Cash and savings togetherLn 1–2$362K
Accounts receivableLn 4$28K
Prepaid expenses and deferred chargesLn 9$53K
Land, buildings, equipmentLn 10c$2.3M
Other assetsLn 15$538K
Total assetsLn 16$3.3M
LiabilitiesLn 26$4.1M
Net assetsLn 32−$872K
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 FY24End FY24
Cash and savingsLn 1–2$334K$362K
Land, buildings, equipmentLn 10c$2.4M$2.3M
Total assetsLn 16$3.3M$3.3M
LiabilitiesLn 26$4.1M$4.1M
Net assetsLn 32−$813K−$872K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$34K
Legal feesLn 11b$3K
Accounting feesLn 11c$20K
Other fees for servicesLn 11g$101K
Office expensesLn 13$6K
OccupancyLn 16$218K
InterestLn 20$63K
Depreciation, depletion and amortizationLn 22$134K
InsuranceLn 23$56K
Other expenses (24a–d)Ln 24$95K
Total functional expensesLn 25$729K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Aug 18, 2025 $669K$729K−$60K−$872K 990 PDF
FY2023Filed with the IRS Aug 15, 2024 $587K$674K−$87K−$813K 990 PDF
FY2022Filed with the IRS Aug 8, 2023 $547K$648K−$101K−$726K 990 PDF
FY2021Filed with the IRS Jul 18, 2022 $573K$592K−$19K−$625K 990 PDF
FY2020Filed with the IRS Jun 16, 2021 $521K$548K−$27K−$605K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $669,002 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $576,125$646,349
I-10 Investment incomePrior year $7,794$13,269
I-11 Other revenuePrior year $3,510$9,384
I-12 Total revenuePrior year $587,429$669,002
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 $674,353$728,709
I-18 Total expensesPrior year $674,353$728,709
I-19 Revenue less expensesPrior year −$86,924−$59,707
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
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 $669,002 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $646,349$646,349
VIII-3 Investment incomeExcluded from tax $13,269$13,269
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,384$9,384
VIII-12 Total revenueRelated to mission $655,733 · Unrelated business $0 · Excluded from tax $13,269$669,002
Part IX · Statement of functional expenses $728,709 across 10 lines filed
IX-11a Management fees$33,725
IX-11b Legal fees$2,726
IX-11c Accounting fees$19,800
IX-11g Other fees for services$100,945
IX-13 Office expenses$5,739
IX-16 Occupancy$218,434
IX-20 Interest$62,504
IX-22 Depreciation, depletion and amortization$133,939
IX-23 Insurance$55,960
IX-24 Other expenses (24a–d)$94,937
IX-25 Total functional expenses$728,709
Part X · Balance sheet $3,272,848 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $334,360$362,073
X-4 Accounts receivableStart of year $86,218$28,038
X-9 Prepaid expenses and deferred chargesStart of year $43,212$53,044
X-10c Land, buildings and equipment, netStart of year $2,365,308$2,291,346
X-15 Other assetsStart of year $507,535$538,347
X-16 Total assetsStart of year $3,336,633$3,272,848
X-17 Accounts payable and accrued expensesStart of year $222,080$249,909
X-23 Secured mortgages and notes payableStart of year $3,927,098$3,895,191
X-26 Total liabilitiesStart of year $4,149,178$4,145,100
X-27 Net assets without donor restrictionsStart of year −$812,545−$872,252
X-32 Total net assets or fund balancesStart of year −$812,545−$872,252
X-33 Total liabilities and net assetsStart of year $3,336,633$3,272,848
Part XI · Reconciliation of net assets −$872,252 net assets at year end
XI-1 Total revenue$669,002
XI-2 Total expenses$728,709
XI-3 Revenue less expenses−$59,707
XI-4 Net assets at start of year−$812,545
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$872,252

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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