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419 Walnut INC FY2022 filing

Tax-deductible

Boston, MA501(c)(3)HousingEIN 27-1087138Revenue $417K in FY2022

On file with the IRSrogerson.org1 Florence St, 02131-3638 · Boston, MATax-exempt since Sep 2014Publicly supported — 509(a)(2)

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To provide elderly and low-income persons with housing facilities and services specially designed to meet their physical, social, and psychological needs and to promote their health, safety, security, happiness and usefullness in longer living.

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

FY2022 · 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
0 of 5
filings with a surplus
Average deficit $283K a year · 68% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 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
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$4.6M
52% of total assets
Fine: liabilities are 52% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$417K
+3% vs prior year
Spent
$710K
To programs
93%
Net assets
$4.3M
By yearFY2020–FY2024
Revenue
$417K
FY2022▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$398K
FY2021$404K
FY2022$417K
FY2023$425K
FY2024$432K
Expenses
$710K
FY2022▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$668K
FY2021$681K
FY2022$710K
FY2023$674K
FY2024$760K
Net assets
$4.3M
FY2022▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$4.9M
FY2021$4.6M
FY2022$4.3M
FY2023$4.0M
FY2024$3.7M

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2012-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Sep 2014.

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% · $661K Management & general 7% · $49K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
Cheryl Dorsey
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Victoria Williams
Co-President
$0Pt VII · Sec A
$0Pt VII · Sec A
Louis a Elisa II
Vice President
$0Pt VII · Sec A
See 419 Walnut 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

Offers housing and services for seniors and low-income individuals, promoting health, safety, and happiness.

Questions for 419 Walnut INC

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Provided by the organization

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1 program · $661K · in their own filed words · FY2022
01

The corporation is organized exclusively for charitable and educational purposes, including, for such purposes, the making of distributions to organizations which qualify as exempt organizations under section 501(c)(3) of the internal revenue code.

$661Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$417K
Ln 12
Fees for servicesLn 2g$414K
Investment incomeLn 3$3K
Money outPt IX
$710K
Ln 25
Programscol B$661K
Managementcol C$49K
Owns and owesPt X
$4.3M
net assets · Ln 32
Cash and savingsLn 1–2$4K
Total assetsLn 16$8.9M
LiabilitiesLn 26$4.6M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$414K
Investment incomeLn 3$3K
Total revenueLn 12$417K
Assets in detailPt X, end of year
CashLn 1$4K
Cash and savings togetherLn 1–2$4K
Land, buildings, equipmentLn 10c$8.4M
Other assetsLn 15$449K
Total assetsLn 16$8.9M
LiabilitiesLn 26$4.6M
Net assetsLn 32$4.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY22End FY22
Cash and savingsLn 1–2$5K$4K
Land, buildings, equipmentLn 10c$8.6M$8.4M
Total assetsLn 16$9.1M$8.9M
LiabilitiesLn 26$4.6M$4.6M
Net assetsLn 32$4.6M$4.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$69K$69K
Management feesLn 11a$33K$33K
Legal feesLn 11b$8K$8K
Accounting feesLn 11c$16K$16K
Office expensesLn 13$8K$8K
Information technologyLn 14$5K$5K
OccupancyLn 16$142K$142K
Depreciation, depletion and amortizationLn 22$279K$279K
InsuranceLn 23$38K$38K
Other expenses (24a–d)Ln 24$113K$113K
Total functional expensesLn 25$710K$661K$49K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $432K$760K−$327K$3.7M 990 PDF
FY2023 $425K$674K−$249K$4.0M 990 PDF
FY2022 Viewing $417K$710K−$293K$4.3M 990 PDF
FY2021 $404K$681K−$278K$4.6M 990 PDF
FY2020 $398K$668K−$270K$4.9M 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 FY2022 990 (6 parts)
Part I · Summary $417,045 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $402,799$413,864
I-10 Investment incomePrior year $956$3,181
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $403,755$417,045
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 $78,301$68,550
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $602,958$641,624
I-18 Total expensesPrior year $681,259$710,174
I-19 Revenue less expensesPrior year −$277,504−$293,129
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
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
Part VIII · Statement of revenue $417,045 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $413,864$413,864
VIII-3 Investment incomeExcluded from tax $3,181$3,181
VIII-12 Total revenueRelated to mission $413,864 · Unrelated business $0 · Excluded from tax $3,181$417,045
Part IX · Statement of functional expenses $710,174 across 10 lines filed
IX-7 Other salaries and wagesPrograms $68,550$68,550
IX-11a Management feesManagement $32,963$32,963
IX-11b Legal feesPrograms $7,805$7,805
IX-11c Accounting feesManagement $15,782$15,782
IX-13 Office expensesPrograms $7,992$7,992
IX-14 Information technologyPrograms $5,077$5,077
IX-16 OccupancyPrograms $142,075$142,075
IX-22 Depreciation, depletion and amortizationPrograms $278,882$278,882
IX-23 InsurancePrograms $38,006$38,006
IX-24 Other expenses (24a–d)Programs $113,042$113,042
IX-25 Total functional expensesPrograms $661,429 · Management $48,745 · Fundraising $0$710,174
Part X · Balance sheet $8,877,978 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $5,317$4,101
X-4 Accounts receivableStart of year $10,187$27,757
X-9 Prepaid expenses and deferred chargesStart of year $1,809$14,013
X-10c Land, buildings and equipment, netStart of year $8,631,665$8,383,355
X-15 Other assetsStart of year $440,665$448,752
X-16 Total assetsStart of year $9,133,456$8,877,978
X-17 Accounts payable and accrued expensesStart of year $243,050$323,138
X-25 Other liabilitiesStart of year $15,915$16,079
X-26 Total liabilitiesStart of year $4,552,702$4,590,353
X-27 Net assets without donor restrictionsStart of year −$1,107,846−$1,400,975
X-28 Net assets with donor restrictionsStart of year $5,688,600$5,688,600
X-32 Total net assets or fund balancesStart of year $4,580,754$4,287,625
X-33 Total liabilities and net assetsStart of year $9,133,456$8,877,978
Part XI · Reconciliation of net assets $4,287,625 net assets at year end
XI-1 Total revenue$417,045
XI-2 Total expenses$710,174
XI-3 Revenue less expenses−$293,129
XI-4 Net assets at start of year$4,580,754
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,287,625

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

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