Gerrish Tnd INC EIN 47-4230197 Form 990 (PDF) Claim this org

Gerrish Tnd INC FY2023 filing

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Leases commercial space in a 23,000-square-foot building. For fiscal year 2023 it reported $429K in revenue, $417K in expenses, and $51K in net assets.Pt I

Type
Supporting organization · Housing
Location
Chelsea, MA
Filings
5 on file (2020–2023)
Revenue
$429KFY2023
Expenses
$417K
Net assets
$51K
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-4230197 Supporting organization Chelsea, MA
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Leases commercial space in a 23,000-square-foot building.
Leadership
Faye Dookharan · President
Money in and out
$429K revenue, $417K expenses
Bottom line
+3% net inflow
Money in and out · FY2023
Total revenue
$429K
Pt VIII · Ln 12
Total expenses
$417K
Pt IX · Ln 25
Net assets
$51K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $13K
Where spending went · Part IX cols B–D
Program services $1.00
Net inflow
+3%
revenue over expenses, this year
Pass-through gifts
0%
of revenue from contributions
Program spending
100%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$429K
FY2023▲ +7%
Expenses
$417K
FY2023▲ +26%
Total assets
$2.6M
FY2023▼ -6%
Total liabilities
$2.5M
FY2023▼ -2%
Total revenue
$429K
Pt VIII · Ln 12
Total expenses
$417K
Pt IX · Ln 25
Net assets
$51K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$13K
Total assetsPt X · Ln 16$2.6M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGerrish Tnd INC
EINHdr · item D47-4230197
Principal addressHdr · item CChelsea, MA
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L20)
Ruling yearIRS BMFNov 2016

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $417K of program spending, described in the organization's own filed words · FY2023.
01

In addition to providing program, housing administration and maintenance functions, and administrative space to the neighborhood developers, leases were also maintained with the chelsea school department for housing of their maintenance staff, and the family dollar store, a low cost retail operation which sees significant foot traffic…

$417Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$429K
Investment income$49
Total revenueLn 12$429K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$417K
Total functional expensesLn 25$417K

Balance Sheet

Part X · end of year
CashLn 1$140K
Total assetsLn 16$2.6M
Total liabilitiesLn 26$2.5M
Total net assetsLn 32$51K
Months of cash on handcomputed4.0

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $140K · Operating expenses/yr $417K
4.0 months
Where the money goes
Program services
Program services $417K · Total expenses $417K
100%
Management & General
Management & general $0 · Total expenses $417K
0%
Fundraising
Fundraising $0 · Total expenses $417K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $429K
0%
Government reliance
Government grants — · Total revenue $429K
Earned-income share
Program service revenue $429K · Total revenue $429K
100%
Investment reliance
Investment income $49 · Total revenue $429K
+0.01%
Program self-sufficiency
Program service revenue $429K · Total expenses $417K
103%
Growth & trend
Revenue growth (YoY)
This year $429K · Prior year $399K
+7%
Net-asset trend (YoY)
End of year $51K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $429K · Expenses $417K
+3%
Liabilities-to-Assets
Total liabilities — · Total assets $2.6M
Net-asset ratio
Net assets $51K · Total assets $2.6M
2%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $2.6M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Faye Dookharan · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $417K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $417K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Revenue growth 7%
Accounting fee ratio 6%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$387K revenue · ⤓ 990 PDF
FY2023$429K revenue · viewing · ⤓ 990 PDF
FY2022$399K revenue · ⤓ 990 PDF
FY2021$314K revenue · ⤓ 990 PDF
FY2020$278K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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