Tenants Development Corporation: FY2022 Nonprofit Profile & Form 990 (EIN 23-7044492)

Donald Ward’s $232K as Executive Di is at the 92nd 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 · 6 named individuals · Part VII

Name	FY2024	FY2023	FY2022	FY2021	FY2020
Donald Ward	$232,016	$222,323	$223,429	$197,644	$201,299
Anita Huggins	$121,940	$138,595	$135,852	$129,383	$131,776
Jeanetta Williams	$129,563	$129,939	$127,368	$121,303	$123,546
Yamari Figueroa	$103,872	$103,710	—	—	$103,820
David Guiterrez	—	$103,710	—	—	—
Mercedes Santana	$102,712	—	—	—	—

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
Loans to or from officersSch L · Pt II1 listed

Programs and updates

Offers housing to low and moderate-income Boston residents.

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Provided by the organization

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1 program · $1.5M · in their own filed words · FY2022

01

Affordable Houing

Managed three developments with over 100 units for low and moderate income families.

$1.5Mprogram 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 · FY2024

Castle Square Tenants Organization 2020 Charitable TrustFY2024$10K

Total grants receivedfrom 1 funder$10K

By the numbers

The FY2022 990, line by line.

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1The main four

Money inPt VIII

$1.6M

Ln 12

Fees for servicesLn 2g$1.6M

Other incomeLn 4–11$35K

Gifts and grantsLn 1h$25K

Money outPt IX

$1.8M

Ln 25

Programscol B$1.5M

Managementcol C$221K

Owns and owesPt X

$28.6M

net assets · Ln 32

Cash and savingsLn 1–2$2.9M

Total assetsLn 16$30.4M

LiabilitiesLn 26$1.8M

PeoplePt VI, VII

16

listed · VII A

PaidVII A3

Voting boardVI 1a15

IndependentVI 1b15

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$25K

Fees for servicesLn 2g$1.6M

Investment incomeLn 3$487

Other incomeLn 4–11$35K

Total revenueLn 12$1.6M

Assets in detailPt X, end of year

CashLn 1$1.4M

SavingsLn 2$1.5M

Cash and savings togetherLn 1–2$2.9M

InvestmentsLn 11–13$6.4M

Land, buildings, equipmentLn 10c$4.6M

Other assetsLn 15$16.6M

Total assetsLn 16$30.4M

LiabilitiesLn 26$1.8M

Net assetsLn 32$28.6M

OperationsPt I, VI

EmployeesI 530

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$2.2M	$2.9M
InvestmentsLn 11–13	$6.7M	$6.4M
Land, buildings, equipmentLn 10c	$4.6M	$4.6M
Total assetsLn 16	$30.9M	$30.4M
LiabilitiesLn 26	$1.8M	$1.8M
Net assetsLn 32	$29.1M	$28.6M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$369K	$313K	$55K
Other salaries and wagesLn 7	$431K	$431K
Payroll taxesLn 10	$40K	$37K	$4K
Legal feesLn 11b	$22K	$22K
Accounting feesLn 11c	$21K		$21K
Other fees for servicesLn 11g	$13K	$13K
Office expensesLn 13	$12K	$111	$11K
OccupancyLn 16	$152K	$61K	$91K
Conferences, conventions and meetingsLn 19	$5K		$5K
InterestLn 20	$7K	$7K
Depreciation, depletion and amortizationLn 22	$60K	$26K	$35K
InsuranceLn 23	$97K	$97K
Other expenses (24a–d)Ln 24	$526K	$526K
Total functional expensesLn 25	$1.8M	$1.5M	$221K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 LatestFiled with the IRS Oct 24, 2025	$1.9M	$2.6M	−$679K	$30.6M	990 PDF
FY2023Filed with the IRS Oct 10, 2024	$2.9M	$1.7M	$1.2M	$29.3M	990 PDF
FY2022 ViewingFiled with the IRS Oct 30, 2023	$1.6M	$1.8M	−$137K	$28.6M	990 PDF
FY2021Filed with the IRS Nov 10, 2022	$1.6M	$1.7M	−$133K	$29.1M	990 PDF
FY2020Filed with the IRS Nov 15, 2021	$2.2M	$1.5M	$638K	$29.3M	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 J · Pay O · Explanations

See the full FY2022 990 (6 parts)

Part I · Summary $1,616,876 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $27,020$25,000

I-9 Program service revenuePrior year $1,507,135$1,556,653

I-10 Investment incomePrior year $15$487

I-11 Other revenuePrior year $27,525$34,736

I-12 Total revenuePrior year $1,561,695$1,616,876

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $902,445$839,784

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $792,697$914,250

I-18 Total expensesPrior year $1,695,142$1,754,034

I-19 Revenue less expensesPrior year −$133,447−$137,158

Part VI · Governance 15 of 15 board members independent, 1 to look at

VI-1a Voting members of the governing body15

VI-1b Independent voting members15

VI-13 Written whistleblower policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $1,616,876 across 6 lines filed

VIII-1f All other contributions, gifts and grants$25,000

VIII-1h Total contributions, gifts and grants$25,000

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,556,653$1,556,653

VIII-3 Investment incomeExcluded from tax $487$487

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $34,736$34,736

VIII-12 Total revenueRelated to mission $1,591,389 · Excluded from tax $487$1,616,876

Part IX · Statement of functional expenses $1,754,034 across 13 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $313,335 · Management $55,294$368,629

IX-7 Other salaries and wagesPrograms $431,011$431,011

IX-10 Payroll taxesPrograms $36,609 · Management $3,535$40,144

IX-11b Legal feesPrograms $21,743$21,743

IX-11c Accounting feesManagement $20,896$20,896

IX-11g Other fees for servicesPrograms $13,048$13,048

IX-13 Office expensesPrograms $111 · Management $11,447$11,558

IX-16 OccupancyPrograms $61,343 · Management $91,038$152,381

IX-19 Conferences, conventions and meetingsManagement $4,598$4,598

IX-20 InterestPrograms $7,101$7,101

IX-22 Depreciation, depletion and amortizationPrograms $25,971 · Management $34,501$60,472

IX-23 InsurancePrograms $96,662$96,662

IX-24 Other expenses (24a–d)Programs $525,791$525,791

IX-25 Total functional expensesPrograms $1,532,725 · Management $221,309 · Fundraising $0$1,754,034

Part X · Balance sheet $30,448,614 assets, 16 lines filed

Asset lines not itemized here account for $34,269; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $2,005,575$1,354,511

X-2 Savings and temporary cash investmentsStart of year $227,979$1,512,955

X-9 Prepaid expenses and deferred chargesStart of year $1,597$1,538

X-10c Land, buildings and equipment, netStart of year $4,622,899$4,565,679

X-11 Publicly traded securitiesStart of year $501,390$501,390

X-13 Program-related investmentsStart of year $6,202,291$5,896,064

X-15 Other assetsStart of year $17,153,572$16,582,208

X-16 Total assetsStart of year $30,931,977$30,448,614

X-17 Accounts payable and accrued expensesStart of year $208,354$273,600

X-19 Deferred revenueStart of year $4,874$3,603

X-24 Unsecured notes and loans payableStart of year $488,860$441,972

X-25 Other liabilitiesStart of year $1,080,722$1,081,428

X-26 Total liabilitiesStart of year $1,782,810$1,800,603

X-27 Net assets without donor restrictionsStart of year $29,149,167$28,648,011

X-32 Total net assets or fund balancesStart of year $29,149,167$28,648,011

X-33 Total liabilities and net assetsStart of year $30,931,977$30,448,614

Part XI · Reconciliation of net assets $28,648,011 net assets at year end

XI-1 Total revenue$1,616,876

XI-2 Total expenses$1,754,034

XI-3 Revenue less expenses−$137,158

XI-4 Net assets at start of year$29,149,167

XI-8 Prior period adjustments−$363,998

XI-10 Net assets at end of year$28,648,011

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Tenants Development Corporation FY2022 filing

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