Oneholyoke Community Development Corporation

Tax-deductible

Holyoke, MA501(c)(3)Since 1972HousingEIN 23-7168031Revenue $3.8M in FY2025

On file with the IRSoneholyoke.org70 Lyman St, 01040-6206 · Holyoke, MATax-exempt since Aug 1972Publicly supported — 509(a)(2)

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To further the Development of low and moderate income housing, to assist in the expansion of locally-owned business enterprises and to provide other assistance for the improvement of residential and business property in holyoke, massachusetts.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
Run by 175 volunteers and 28 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
3 of 5
filings with a surplus
Average deficit $218K a year · 7% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$88K
to officers and key staff · 2% of spending
Top officer’s pay lower than 77% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $99K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.2M
28% of total assets
Looks good: liabilities are 28% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.8M
+30% vs prior year
Spent
$4.6M
To programs
66%
Net assets
$3.2M
By yearFY2020–FY2025
Revenue
$3.8M
FY2025▲ +30%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.9M
FY2021$2.7M
FY2022$3.0M
FY2023$2.9M
FY2025$3.8M
Expenses
$4.6M
FY2025▲ +35%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.7M
FY2021$2.7M
FY2022$3.0M
FY2023$3.4M
FY2025$4.6M
Net assets
$3.2M
FY2025▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.4M
FY2021$3.4M
FY2022$3.8M
FY2023$3.3M
FY2025$3.2M

From the FY2025 Form 990 (year ending June 2025) · 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: FY2025. IRS ruling in Aug 1972.

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

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $3.0M Management & general 34% · $1.6M Fundraising 0% · $18K

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

14 people listed on the 990; $88K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$87,984Pt VII · Sec A
Director - End 1/3/25
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer - Beg 10/15/24
$0Pt VII · Sec A
Dir./Lifetime Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A

Michael Moriarty’s $88K as Executive Director is at the 23rd 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

NameFY2025FY2022FY2021FY2020
Michael Moriarty$87,984$72,833$73,888$74,528

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 15aNo

Programs and updates

Develops affordable housing and helps businesses grow in Holyoke, MA.

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Provided by the organization

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3 programs · $3.0M · in their own filed words · FY2024
01

Provided 213 rental units for rent for low to moderate income individuals. Approximately 80 tenants receive subsidized rental assistance from various agencies.

$1.6Mprogram expense
02

Facilitated and oversaw the rehabilitation of a vacant, three-story building located at 147 high street in the city of holyoke, pursuant to the city's plans to revitalize high street to better reflect the identity and serve the interests of the holyoke community.

$1.3Mprogram expense
03

Community Engagement

Furthering the spirit of holyoke by engaging ohdc with the local community through special events and programs, supporting community needs.

$59Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Way Finders INCFY2024$25K
Total grants receivedfrom 2 funders$99K
Grants paid · 7 grants · $1.9M · 2019–2024
Crafts Block LLCFY2024$1,310,956
Holyoke Haven Properties LLCFY2024$12,800
Unitemized GrantFY2021$283,288
Unitemized GrantFY2020$84,570
Unitemized GrantFY2019$135,257
Unitemized GrantFY2019$7,429

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$3.8M
Ln 12
Fees for servicesLn 2g$2.3M
Gifts and grantsLn 1h$1.5M
Other incomeLn 4–11$35K
Money outPt IX
$4.6M
Ln 25
Programscol B$3.0M
Managementcol C$1.6M
Fundraisingcol D$18K
Owns and owesPt X
$3.2M
net assets · Ln 32
Cash and savingsLn 1–2$555K
Total assetsLn 16$4.5M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
14
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Government grantsLn 1e$1.3M
Fees for servicesLn 2g$2.3M
Investment incomeLn 3$4K
Other incomeLn 4–11$35K
Gains on assetsLn 7−$14K
Total revenueLn 12$3.8M
Assets in detailPt X, end of year
CashLn 1$522K
SavingsLn 2$33K
Cash and savings togetherLn 1–2$555K
InvestmentsLn 11–13$24K
Land, buildings, equipmentLn 10c$1.9M
Other assetsLn 15$1.7M
Total assetsLn 16$4.5M
LiabilitiesLn 26$1.2M
Net assetsLn 32$3.2M
OperationsPt I, VI
EmployeesI 528
VolunteersI 6175
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$378K$555K
InvestmentsLn 11–13$24K$24K
Land, buildings, equipmentLn 10c$1.9M$1.9M
Total assetsLn 16$4.6M$4.5M
LiabilitiesLn 26$596K$1.2M
Net assetsLn 32$4.0M$3.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.4M$1.4M
Pay of current officers, directors and key staffLn 5$122K$18K$85K$18K
Other salaries and wagesLn 7$838K$192K$645K
Pension plan contributionsLn 8$35K$8K$27K
Other employee benefitsLn 9$85K$21K$64K
Payroll taxesLn 10$88K$20K$69K
Management feesLn 11a$5K$5K
Legal feesLn 11b$42K$20K$22K
Accounting feesLn 11c$79K$4K$75K
Other fees for servicesLn 11g$96K$15K$81K
Advertising and promotionLn 12$500$500
Office expensesLn 13$75K$4K$70K
Information technologyLn 14$50K$8K$42K
OccupancyLn 16$982K$905K$76K
TravelLn 17$31K$9K$23K
Conferences, conventions and meetingsLn 19$7K$2K$5K
InterestLn 20$22K$6K$16K
Depreciation, depletion and amortizationLn 22$225K$218K$6K
InsuranceLn 23$385K$133K$251K
Other expenses (24a–d)Ln 24$83K$76K$7K
All other expensesLn 24e$4K$450$4K
Total functional expensesLn 25$4.6M$3.0M$1.6M$18K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $3.8M$4.6M−$803K$3.2M 990 PDF
FY2024 Not on file
FY2023 $2.9M$3.4M−$474K$3.3M 990 PDF
FY2022 $3.0M$3.0M$20K$3.8M 990 PDF
FY2021 $2.7M$2.7M$8K$3.4M 990 PDF
FY2020 $2.9M$2.7M$160K$3.4M 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 FY2025 990 (6 parts)
Part I · Summary $3,803,508 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,202,298$1,516,923
I-9 Program service revenuePrior year $2,412,133$2,251,319
I-10 Investment incomePrior year $883,686−$10,058
I-11 Other revenuePrior year $36,988$45,324
I-12 Total revenuePrior year $4,535,105$3,803,508
I-13 Grants and similar amounts paidPrior year $440,179$1,353,756
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,162,272$1,167,640
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,204,108$2,084,802
I-18 Total expensesPrior year $3,806,559$4,606,198
I-19 Revenue less expensesPrior year $728,546−$802,690
Part VI · Governance 11 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-12a Written conflict of interest policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $3,803,508 across 8 lines filed
Lines not itemized here account for $489 of total revenue; see the IRS return.
VIII-1e Government grants$1,310,956
VIII-1f All other contributions, gifts and grants$205,967
VIII-1h Total contributions, gifts and grants$1,516,923
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,251,319$2,251,319
VIII-3 Investment incomeExcluded from tax $3,717$3,717
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$13,775−$13,775
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $9,001 · Excluded from tax $35,834$44,835
VIII-12 Total revenueRelated to mission $2,260,320 · Unrelated business $0 · Excluded from tax $26,265$3,803,508
Part IX · Statement of functional expenses $4,606,198 across 21 lines filed
IX-1 Grants to domestic organizationsPrograms $1,353,756$1,353,756
IX-5 Pay of current officers, directors and key staffPrograms $18,296 · Management $85,382 · Fundraising $18,296$121,974
IX-7 Other salaries and wagesPrograms $192,484 · Management $645,440$837,924
IX-8 Pension plan contributionsPrograms $7,997 · Management $26,637$34,634
IX-9 Other employee benefitsPrograms $20,717 · Management $64,132$84,849
IX-10 Payroll taxesPrograms $19,583 · Management $68,676$88,259
IX-11a Management feesPrograms $4,735$4,735
IX-11b Legal feesPrograms $19,795 · Management $22,169$41,964
IX-11c Accounting feesPrograms $4,000 · Management $75,000$79,000
IX-11g Other fees for servicesPrograms $14,611 · Management $81,104$95,715
IX-12 Advertising and promotionManagement $500$500
IX-13 Office expensesPrograms $4,421 · Management $70,445$74,866
IX-14 Information technologyPrograms $7,787 · Management $41,857$49,644
IX-16 OccupancyPrograms $905,425 · Management $76,437$981,862
IX-17 TravelPrograms $8,672 · Management $22,812$31,484
IX-19 Conferences, conventions and meetingsPrograms $1,787 · Management $5,345$7,132
IX-20 InterestPrograms $5,796 · Management $16,091$21,887
IX-22 Depreciation, depletion and amortizationPrograms $218,157 · Management $6,373$224,530
IX-23 InsurancePrograms $133,473 · Management $251,214$384,687
IX-24 Other expenses (24a–d)Programs $75,880 · Management $6,898$82,778
IX-24e All other expensesPrograms $450 · Management $3,568$4,018
IX-25 Total functional expensesPrograms $3,017,822 · Management $1,570,080 · Fundraising $18,296$4,606,198
Part X · Balance sheet $4,464,414 assets, 14 lines filed
Asset lines not itemized here account for $69,690; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $322,379$521,790
X-2 Savings and temporary cash investmentsStart of year $55,955$33,361
X-4 Accounts receivableStart of year $818,470$193,916
X-9 Prepaid expenses and deferred chargesStart of year $51,693$32,599
X-10c Land, buildings and equipment, netStart of year $1,927,667$1,899,542
X-12 Other securitiesStart of year $23,966$23,966
X-15 Other assetsStart of year $1,350,285$1,689,550
X-16 Total assetsStart of year $4,634,268$4,464,414
X-17 Accounts payable and accrued expensesStart of year $270,713$907,369
X-26 Total liabilitiesStart of year $596,325$1,229,161
X-27 Net assets without donor restrictionsStart of year $3,298,876$2,507,672
X-28 Net assets with donor restrictionsStart of year $739,067$727,581
X-32 Total net assets or fund balancesStart of year $4,037,943$3,235,253
X-33 Total liabilities and net assetsStart of year $4,634,268$4,464,414
Part XI · Reconciliation of net assets $3,235,253 net assets at year end
XI-1 Total revenue$3,803,508
XI-2 Total expenses$4,606,198
XI-3 Revenue less expenses−$802,690
XI-4 Net assets at start of year$4,037,943
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,235,253

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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