Gloucester Housing INC FY2021 filing

Tax-deductible

Danvers, MA501(c)(3)Since 2008HousingEIN 11-3841369Revenue $48K in FY2021

On file with the IRSne-arc.org1 Southside Rd, 01923-1408 · Danvers, MATax-exempt since Feb 2009Publicly supported charity — 170(b)(1)(A)(vi)

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Hold real estate for its related 501(c)(3) organization.

501(c)(3) charity; gifts are tax-deductible.
93¢ 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
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
0 of 6
filings with a surplus
Average deficit $24K a year · 52% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 5.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$269K
44% of total assets
Looks good: liabilities are 44% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$48K
-11% vs prior year
Spent
$70K
To programs
93%
Net assets
$344K
By yearFY2020–FY2025
Revenue
$48K
FY2021▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2020$53K
FY2021$48K
FY2022$47K
FY2023$34K
FY2024$53K
FY2025$40K
Expenses
$70K
FY2021▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$61K
FY2021$70K
FY2022$66K
FY2023$68K
FY2024$73K
FY2025$80K
Net assets
$344K
FY2021▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$366K
FY2021$344K
FY2022$325K
FY2023$291K
FY2024$271K
FY2025$231K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 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 Feb 2009.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $65K Management & general 7% · $5K

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

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President/Director
$0Pt VII · Sec A
Treasurer/Director
$0Pt VII · Sec A
Clerk/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Gloucester Housing 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Owns property to support a nonprofit serving people with disabilities.

Questions for Gloucester Housing INC

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Provided by the organization

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1 program · $65K · in their own filed words · FY2020
01

Real Estate

Gloucester housing, inc. Owns a residential home in gloucester, ma built with hud funding, which is home to 4 low income, handicapped individuals who are receiving services through programs operated by northeast arc, inc. An affiliated 501(c)(3) non-profit organization.

$65Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$48K
Ln 12
Fees for servicesLn 2g$48K
Investment incomeLn 3$11
Money outPt IX
$70K
Ln 25
Programscol B$65K
Managementcol C$5K
Owns and owesPt X
$344K
net assets · Ln 32
Cash and savingsLn 1–2$32K
Total assetsLn 16$613K
LiabilitiesLn 26$269K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$48K
Investment incomeLn 3$11
Total revenueLn 12$48K
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$29K
Cash and savings togetherLn 1–2$32K
Land, buildings, equipmentLn 10c$578K
Total assetsLn 16$613K
LiabilitiesLn 26$269K
Net assetsLn 32$344K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderJune
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$34K$32K
Land, buildings, equipmentLn 10c$588K$578K
Total assetsLn 16$623K$613K
LiabilitiesLn 26$257K$269K
Net assetsLn 32$366K$344K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$3K$3K
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$2K$2K
Office expensesLn 13$2K$2K
OccupancyLn 16$36K$36K
Depreciation, depletion and amortizationLn 22$21K$21K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$70K$65K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $40K$80K−$40K$231K 990 PDF
FY2024 $53K$73K−$20K$271K 990 PDF
FY2023 $34K$68K−$34K$291K 990 PDF
FY2022 $47K$66K−$19K$325K 990 PDF
FY2021 Viewing $48K$70K−$22K$344K 990 PDF
FY2020 $53K$61K−$8K$366K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $47,697 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $50,766$47,686
I-10 Investment incomePrior year $8$11
I-11 Other revenuePrior year $2,623$0
I-12 Total revenuePrior year $53,397$47,697
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 $61,438$69,732
I-18 Total expensesPrior year $61,438$69,732
I-19 Revenue less expensesPrior year −$8,041−$22,035
Part VI · Governance 3 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $47,697 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $47,686$47,686
VIII-3 Investment incomeExcluded from tax $11$11
VIII-12 Total revenueRelated to mission $47,686 · Unrelated business $0 · Excluded from tax $11$47,697
Part IX · Statement of functional expenses $69,732 across 8 lines filed
IX-11a Management feesManagement $2,861$2,861
IX-11c Accounting feesManagement $1,991$1,991
IX-11g Other fees for servicesPrograms $2,205$2,205
IX-13 Office expensesPrograms $1,800$1,800
IX-16 OccupancyPrograms $36,335$36,335
IX-22 Depreciation, depletion and amortizationPrograms $20,727$20,727
IX-23 InsurancePrograms $1,822$1,822
IX-24 Other expenses (24a–d)Programs $1,991$1,991
IX-25 Total functional expensesPrograms $64,880 · Management $4,852 · Fundraising $0$69,732
Part X · Balance sheet $613,309 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $13,008$2,874
X-2 Savings and temporary cash investmentsStart of year $21,321$28,743
X-4 Accounts receivableStart of year $665$3,596
X-10c Land, buildings and equipment, netStart of year $588,047$578,096
X-16 Total assetsStart of year $623,041$613,309
X-17 Accounts payable and accrued expensesStart of year $2,201$3,050
X-25 Other liabilitiesStart of year $108,867$119,565
X-26 Total liabilitiesStart of year $256,604$268,907
X-27 Net assets without donor restrictionsStart of year −$210,163−$232,198
X-28 Net assets with donor restrictionsStart of year $576,600$576,600
X-32 Total net assets or fund balancesStart of year $366,437$344,402
X-33 Total liabilities and net assetsStart of year $623,041$613,309
Part XI · Reconciliation of net assets $344,402 net assets at year end
XI-1 Total revenue$47,697
XI-2 Total expenses$69,732
XI-3 Revenue less expenses−$22,035
XI-4 Net assets at start of year$366,437
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$344,402

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

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