Worcester Common Ground INC FY2020 filing

Tax-deductible

Worcester, MA501(c)(3)HousingEIN 22-2976657Revenue $1.6M in FY2020

On file with the IRSwcgcdc.org5 Piedmont Street, 01610-1244 · Worcester, MATax-exempt since Jan 1994Publicly supported charity — 170(b)(1)(A)(vi)

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To establish and maintain housing for low and moderate income families in the Worcester area.

501(c)(3) charity; gifts are tax-deductible.
91¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
5 of 5
filings with a surplus
Average surplus $591K a year · 30% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
91%
of spending
Looks good: 91% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
10 mo
of spending, in cash
Looks good: 9.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $45K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5.9M
46% of total assets
Looks good: liabilities are 46% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
Spent
$1.2M
To programs
91%
Net assets
$6.9M
By yearFY2020–FY2024
Revenue
$1.6M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021$1.7M
FY2022$3.3M
FY2023$1.7M
FY2024$1.6M
Expenses
$1.2M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.2M
FY2022$1.4M
FY2023$1.6M
FY2024$1.6M
Net assets
$6.9M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$6.9M
FY2021$7.4M
FY2022$9.3M
FY2023$9.4M
FY2024$9.5M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Jan 1994.

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

Where the money goes

91 cents of each dollar spent went to programs.

Program services 91% · $1.1M Management & general 9% · $107K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Yvette Dyson’s $101K as Executive Director is at the 35th percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Yvette Dyson$100,784$96,908$102,559$99,911

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 15aYes

Programs and updates

Builds and maintains affordable housing for families in Worcester.

Questions for Worcester Common Ground INC

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2020
01

Develop and provide housing for low and moderate income families. Worcester common ground also provides income eligible individuals the opportunity to be homeowners.

$1.1Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$45K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Fees for servicesLn 2g$1.1M
Gifts and grantsLn 1h$585K
Investment incomeLn 3$1K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.1M
Managementcol C$107K
Owns and owesPt X
$6.9M
net assets · Ln 32
Cash and savingsLn 1–2$984K
Total assetsLn 16$12.8M
LiabilitiesLn 26$5.9M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$585K
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$1K
Gains on assetsLn 7−$118K
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$205K
SavingsLn 2$778K
Cash and savings togetherLn 1–2$984K
InvestmentsLn 11–13$450
Land, buildings, equipmentLn 10c$7.4M
Other assetsLn 15$489K
Total assetsLn 16$12.8M
LiabilitiesLn 26$5.9M
Net assetsLn 32$6.9M
OperationsPt I, VI
EmployeesI 59
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$461K$984K
InvestmentsLn 11–13$450$450
Land, buildings, equipmentLn 10c$7.6M$7.4M
Total assetsLn 16$13.7M$12.8M
LiabilitiesLn 26$7.2M$5.9M
Net assetsLn 32$6.5M$6.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$101K$84K$17K
Other salaries and wagesLn 7$238K$212K$26K
Other employee benefitsLn 9$63K$55K$8K
Payroll taxesLn 10$29K$25K$4K
Legal feesLn 11b$7K$7K$518
Accounting feesLn 11c$30K$6K$23K
Other fees for servicesLn 11g$35K$32K$2K
Advertising and promotionLn 12$7K$1K$6K
Office expensesLn 13$8K$5K$3K
OccupancyLn 16$369K$361K$8K
Conferences, conventions and meetingsLn 19$10K$10K$438
InterestLn 20$70K$70K
Depreciation, depletion and amortizationLn 22$166K$166K
InsuranceLn 23$40K$38K$2K
Other expenses (24a–d)Ln 24$19K$13K$7K
Total functional expensesLn 25$1.2M$1.1M$107K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.6M$1.6M$37K$9.5M 990 PDF
FY2023 $1.7M$1.6M$141K$9.4M 990 PDF
FY2022 $3.3M$1.4M$1.8M$9.3M 990 PDF
FY2021 $1.7M$1.2M$506K$7.4M 990 PDF
FY2020 Viewing $1.6M$1.2M$422K$6.9M 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 FY2020 990 (6 parts)
Part I · Summary $1,614,420 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $306,675$584,598
I-9 Program service revenuePrior year $879,902$1,124,373
I-10 Investment incomePrior year $3,322−$117,171
I-11 Other revenuePrior year −$51,693$22,620
I-12 Total revenuePrior year $1,138,206$1,614,420
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 $382,516$431,591
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $769,151$761,238
I-18 Total expensesPrior year $1,151,667$1,192,829
I-19 Revenue less expensesPrior year −$13,461$421,591
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $1,614,420 across 8 lines filed
Lines not itemized here account for $225,128 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$584,598
VIII-1h Total contributions, gifts and grants$584,598
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $899,245$899,245
VIII-3 Investment incomeExcluded from tax $1,160$1,160
VIII-6 Net rental income or lossRelated to mission −$56,480−$56,480
VIII-7 Net gain or loss on sales of assetsRelated to mission −$118,331−$118,331
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $79,100$79,100
VIII-12 Total revenueRelated to mission $1,028,662 · Unrelated business $0 · Excluded from tax $1,160$1,614,420
Part IX · Statement of functional expenses $1,192,829 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $83,974 · Management $17,200$101,174
IX-7 Other salaries and wagesPrograms $212,295 · Management $25,915$238,210
IX-9 Other employee benefitsPrograms $55,115 · Management $8,042$63,157
IX-10 Payroll taxesPrograms $24,729 · Management $4,321$29,050
IX-11b Legal feesPrograms $6,815 · Management $518$7,333
IX-11c Accounting feesPrograms $6,153 · Management $23,378$29,531
IX-11g Other fees for servicesPrograms $32,464 · Management $2,351$34,815
IX-12 Advertising and promotionPrograms $1,253 · Management $5,737$6,990
IX-13 Office expensesPrograms $5,471 · Management $2,878$8,349
IX-16 OccupancyPrograms $360,818 · Management $7,957$368,775
IX-19 Conferences, conventions and meetingsPrograms $9,745 · Management $438$10,183
IX-20 InterestPrograms $70,344$70,344
IX-22 Depreciation, depletion and amortizationPrograms $165,578$165,578
IX-23 InsurancePrograms $37,890 · Management $1,955$39,845
IX-24 Other expenses (24a–d)Programs $12,993 · Management $6,502$19,495
IX-25 Total functional expensesPrograms $1,085,637 · Management $107,192 · Fundraising $0$1,192,829
Part X · Balance sheet $12,842,260 assets, 17 lines filed
Asset lines not itemized here account for $3,977,261; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $154,670$205,226
X-2 Savings and temporary cash investmentsStart of year $306,485$778,331
X-4 Accounts receivableStart of year $67,212$23,762
X-9 Prepaid expenses and deferred chargesStart of year $16,790$15,001
X-10c Land, buildings and equipment, netStart of year $7,613,795$7,353,601
X-12 Other securitiesStart of year $450$450
X-14 Intangible assets$0
X-15 Other assetsStart of year $1,768,280$488,628
X-16 Total assetsStart of year $13,679,815$12,842,260
X-17 Accounts payable and accrued expensesStart of year $378,705$203,015
X-19 Deferred revenueStart of year $181,243$181,243
X-25 Other liabilitiesStart of year $14,233$27,310
X-26 Total liabilitiesStart of year $7,175,607$5,916,461
X-27 Net assets without donor restrictionsStart of year $6,504,208$6,907,148
X-28 Net assets with donor restrictions$18,651
X-32 Total net assets or fund balancesStart of year $6,504,208$6,925,799
X-33 Total liabilities and net assetsStart of year $13,679,815$12,842,260
Part XI · Reconciliation of net assets $6,925,799 net assets at year end
XI-1 Total revenue$1,614,420
XI-2 Total expenses$1,192,829
XI-3 Revenue less expenses$421,591
XI-4 Net assets at start of year$6,504,208
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,925,799

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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