Housing Advisory Group INC FY2024 filing

Not tax-deductible

Boston, MA501(c)(6)Mutual / membership EIN 04-3408917Revenue $286K in FY2024

On file with the IRS855 Boylston Street 701, 02116-2622 · Boston, MATax-exempt since Mar 1998

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The organization's mission is to encourage development of low income and affordable Housing.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
5 of 6
filings with a surplus
Average surplus $5K a year · 2% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
8 mo
of spending, in cash
Looks good: 7.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 9 voting members
Looks good: 7 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$286K
+29% vs prior year
Spent
$260K
Net assets
$166K
By yearFY2020–FY2025
Revenue
$286K
FY2024▲ +29%
Tap a bar for its year
Revenue by fiscal year
FY2020$239K
FY2021$214K
FY2022$189K
FY2023$222K
FY2024$286K
FY2025$251K
Expenses
$260K
FY2024▲ +29%
Tap a bar for its year
Expenses by fiscal year
FY2020$221K
FY2021$194K
FY2022$275K
FY2023$201K
FY2024$260K
FY2025$220K
Net assets
$166K
FY2024▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$184K
FY2021$204K
FY2022$120K
FY2023$141K
FY2024$166K
FY2025$197K

From the FY2024 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2024 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 Mar 1998.

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

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See Housing Advisory Group INC executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes development of low-income and affordable housing.

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1 program · in their own filed words · FY2024
01

Encourage development of low income and affordable housing through the promotion of tax credit and other government programs and disseminate related information to its members and others.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$286K
Ln 12
Fees for servicesLn 2g$286K
Money outPt IX
$260K
Ln 25
Owns and owesPt X
$166K
net assets · Ln 32
Cash and savingsLn 1–2$166K
Total assetsLn 16$166K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$286K
Total revenueLn 12$286K
Assets in detailPt X, end of year
CashLn 1$166K
Cash and savings togetherLn 1–2$166K
Total assetsLn 16$166K
LiabilitiesLn 26$0
Net assetsLn 32$166K
OperationsPt I, VI
EmployeesI 51
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$141K$166K
Total assetsLn 16$141K$166K
LiabilitiesLn 26$0$0
Net assetsLn 32$141K$166K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$78K
Accounting feesLn 11c$15K
Lobbying feesLn 11d$85K
Other fees for servicesLn 11g$73K
Office expensesLn 13$8K
Conferences, conventions and meetingsLn 19$2K
Total functional expensesLn 25$260K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $251K$220K$31K$197K 990 PDF
FY2024 Viewing $286K$260K$26K$166K 990 PDF
FY2023 $222K$201K$21K$141K 990 PDF
FY2022 $189K$275K−$86K$120K 990 PDF
FY2021 $214K$194K$21K$204K 990 PDF
FY2020 $239K$221K$18K$184K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $285,883 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $221,894$285,883
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $221,894$285,883
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 $3,275$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $197,804$260,357
I-18 Total expensesPrior year $201,079$260,357
I-19 Revenue less expensesPrior year $20,815$25,526
Part VI · Governance 7 of 9 board members independent, 4 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $285,883 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $285,883$285,883
VIII-12 Total revenueRelated to mission $285,883 · Unrelated business $0 · Excluded from tax $0$285,883
Part IX · Statement of functional expenses $260,357 across 6 lines filed
IX-11b Legal fees$77,950
IX-11c Accounting fees$14,933
IX-11d Lobbying fees$84,550
IX-11g Other fees for services$73,000
IX-13 Office expenses$7,624
IX-19 Conferences, conventions and meetings$2,300
IX-25 Total functional expenses$260,357
Part X · Balance sheet $166,102 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $140,576$166,102
X-16 Total assetsStart of year $140,576$166,102
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $140,576$166,102
X-32 Total net assets or fund balancesStart of year $140,576$166,102
X-33 Total liabilities and net assetsStart of year $140,576$166,102
Part XI · Reconciliation of net assets $166,102 net assets at year end
XI-1 Total revenue$285,883
XI-2 Total expenses$260,357
XI-3 Revenue less expenses$25,526
XI-4 Net assets at start of year$140,576
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$166,102

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

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