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Shalom Properties

Not tax-deductible

East Boston, MAMutual-benefit / member-serving EIN 04-3358724Revenue $522K in FY2024Latest return filed Aug 18, 2025

On file with the IRSnoahcdc.orgEast Boston, MATax-exempt since May 1997

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The organization was formed for the exclusive purpose of holding title to certain real property located in east boston and to collect rental income from 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 04-3358724) · 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
2 of 5
filings with a surplus
Average deficit $2K a year · 0.3% of revenue · last 5 filings
A surplus in 2 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
3.1 mo
of spending, in cash
3.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.6M
88% of total assets
Liabilities are 88% 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
$522K
+11% vs prior year
Spent
$487K
To programs
100%
Net assets
$219K
By yearFY2020–FY2024
Revenue
$522K
FY2024▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$493K
FY2021$945K
FY2022$430K
FY2023$468K
FY2024$522K
Expenses
$487K
FY2024▲ +0.8%
Tap a bar for its year
Expenses by fiscal year
FY2020$462K
FY2021$986K
FY2022$447K
FY2023$483K
FY2024$487K
Net assets
$219K
FY2024▲ +19%
Tap a bar for its year
Net assets by fiscal year
FY2020$257K
FY2021$217K
FY2022$199K
FY2023$184K
FY2024$219K

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 May 1997.

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% · $487K

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

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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 Shalom Properties 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

Holds property title, collects rent, and sends income to affordable housing initiatives.

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1 program · $487K · in their own filed words · FY2024
01

Provides residential housing to low to moderate income INDIVIDUALS/FAMILIES.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-3358724) · Dispute this line
$487Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $519K · 2021–2021
Neighborhood of Affordable Housing INCMA · FY2021$519,082

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$522K
Ln 12
Fees for servicesLn 2g$509K
Investment incomeLn 3$10K
Other incomeLn 4–11$3K
Money outPt IX
$487K
Ln 25
Programscol B$487K
Owns and owesPt X
$219K
net assets · Ln 32
Cash and savingsLn 1–2$125K
Total assetsLn 16$1.8M
LiabilitiesLn 26$1.6M
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$509K
Investment incomeLn 3$10K
Other incomeLn 4–11$3K
Total revenueLn 12$522K
Assets in detailPt X, end of year
SavingsLn 2$125K
Cash and savings togetherLn 1–2$125K
Accounts receivableLn 4$36K
Prepaid expenses and deferred chargesLn 9$41K
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$242K
Total assetsLn 16$1.8M
LiabilitiesLn 26$1.6M
Net assetsLn 32$219K
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$122K$125K
Land, buildings, equipmentLn 10c$1.4M$1.3M
Total assetsLn 16$1.8M$1.8M
LiabilitiesLn 26$1.6M$1.6M
Net assetsLn 32$184K$219K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$25K
Legal feesLn 11b$1K
Accounting feesLn 11c$20K
Other fees for servicesLn 11g$82K
Office expensesLn 13$5K
OccupancyLn 16$199K
InterestLn 20$35K
Depreciation, depletion and amortizationLn 22$57K
InsuranceLn 23$49K
Other expenses (24a–d)Ln 24$14K
Total functional expensesLn 25$487K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Aug 18, 2025 $522K$487K$35K$219K 990 PDF
FY2023Filed with the IRS Aug 15, 2024 $468K$483K−$15K$184K 990 PDF
FY2022Filed with the IRS Aug 8, 2023 $430K$447K−$17K$199K 990 PDF
FY2021Filed with the IRS Jul 18, 2022 $945K$986K−$41K$217K 990 PDF
FY2020Filed with the IRS Jun 16, 2021 $493K$462K$31K$257K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $521,677 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $456,871$509,231
I-10 Investment incomePrior year $8,253$9,500
I-11 Other revenuePrior year $2,995$2,946
I-12 Total revenuePrior year $468,119$521,677
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 $483,121$487,067
I-18 Total expensesPrior year $483,121$487,067
I-19 Revenue less expensesPrior year −$15,002$34,610
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 $521,677 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $509,231$509,231
VIII-3 Investment incomeExcluded from tax $9,500$9,500
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,946$2,946
VIII-12 Total revenueRelated to mission $512,177 · Unrelated business $0 · Excluded from tax $9,500$521,677
Part IX · Statement of functional expenses $487,067 across 10 lines filed
IX-11a Management fees$24,989
IX-11b Legal fees$1,034
IX-11c Accounting fees$19,800
IX-11g Other fees for services$82,380
IX-13 Office expenses$5,233
IX-16 Occupancy$198,845
IX-20 Interest$34,798
IX-22 Depreciation, depletion and amortization$57,019
IX-23 Insurance$48,951
IX-24 Other expenses (24a–d)$14,018
IX-25 Total functional expenses$487,067
Part X · Balance sheet $1,788,044 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $122,129$124,970
X-4 Accounts receivableStart of year $25,439$36,275
X-9 Prepaid expenses and deferred chargesStart of year $34,346$41,096
X-10c Land, buildings and equipment, netStart of year $1,376,407$1,343,684
X-15 Other assetsStart of year $206,086$242,019
X-16 Total assetsStart of year $1,764,407$1,788,044
X-17 Accounts payable and accrued expensesStart of year $71,957$81,283
X-23 Secured mortgages and notes payableStart of year $1,423,853$1,403,554
X-25 Other liabilitiesStart of year $84,170$84,170
X-26 Total liabilitiesStart of year $1,579,980$1,569,007
X-27 Net assets without donor restrictionsStart of year $184,427$219,037
X-32 Total net assets or fund balancesStart of year $184,427$219,037
X-33 Total liabilities and net assetsStart of year $1,764,407$1,788,044
Part XI · Reconciliation of net assets $219,037 net assets at year end
XI-1 Total revenue$521,677
XI-2 Total expenses$487,067
XI-3 Revenue less expenses$34,610
XI-4 Net assets at start of year$184,427
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$219,037

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

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