Sblca Realty Corp FY2021 filing

Not tax-deductible

Boston, MAMutual-benefit / member-servingCommunity DevelopmentEIN 54-2189078Revenue $282K in FY2021

On file with the IRSPo Box 95, 02127-0005 · Boston, MATax-exempt since Sep 2007

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Real estate rentals

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
0 of 6
filings with a surplus
Average deficit $22K a year · 7% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
13 mo
of spending, in cash
Looks good: 12.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.2M
90% of total assets
Concern: liabilities are 90% of assets; over 80%.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$282K
+4% vs prior year
Spent
$313K
To programs
100%
Net assets
$130K
By yearFY2020–FY2025
Revenue
$282K
FY2021▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$272K
FY2021$282K
FY2022$263K
FY2023$292K
FY2024$319K
FY2025$394K
Expenses
$313K
FY2021▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$289K
FY2021$313K
FY2022$286K
FY2023$303K
FY2024$361K
FY2025$405K
Net assets
$130K
FY2021▼ -20%
Tap a bar for its year
Net assets by fiscal year
FY2020$161K
FY2021$130K
FY2022$143K
FY2023$132K
FY2024$90K
FY2025$152K

From the FY2021 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2007.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $313K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Sargent at Arms
$0Pt VII · Sec A
$0Pt VII · Sec A
Financial Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Sblca Realty Corp 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

Sblca Realty Corp is a member-serving organization based in Boston, MA.

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1 program · in their own filed words · FY2021
01

Real estate rentals

Pt IX · col B

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$282K
Ln 12
Fees for servicesLn 2g$259K
Other incomeLn 4–11$21K
Investment incomeLn 3$1K
Money outPt IX
$313K
Ln 25
Programscol B$313K
Owns and owesPt X
$130K
net assets · Ln 32
Cash and savingsLn 1–2$329K
Total assetsLn 16$1.3M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$259K
Investment incomeLn 3$1K
Other incomeLn 4–11$21K
Total revenueLn 12$282K
Assets in detailPt X, end of year
CashLn 1$237
SavingsLn 2$329K
Cash and savings togetherLn 1–2$329K
Land, buildings, equipmentLn 10c$997K
Total assetsLn 16$1.3M
LiabilitiesLn 26$1.2M
Net assetsLn 32$130K
OperationsPt I, VI
EmployeesI 50
VolunteersI 615
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 FY21End FY21
Cash and savingsLn 1–2$424K$329K
Land, buildings, equipmentLn 10c$737K$997K
Total assetsLn 16$1.2M$1.3M
LiabilitiesLn 26$1.0M$1.2M
Net assetsLn 32$161K$130K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$36K$36K$0$0
Payroll taxesLn 10$2K$2K$0$0
Management feesLn 11a$10K$10K$0$0
Legal feesLn 11b$4K$4K$0$0
Office expensesLn 13$7K$7K$0$0
OccupancyLn 16$3K$3K$0$0
InterestLn 20$43K$43K$0$0
Depreciation, depletion and amortizationLn 22$46K$46K$0$0
InsuranceLn 23$20K$20K$0$0
Other expenses (24a–d)Ln 24$142K$142K$0$0
Total functional expensesLn 25$313K$313K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $394K$405K−$11K$152K 990 PDF
FY2024 $319K$361K−$42K$90K 990 PDF
FY2023 $292K$303K−$11K$132K 990 PDF
FY2022 $263K$286K−$22K$143K 990 PDF
FY2021 Viewing $282K$313K−$31K$130K 990 PDF
FY2020 $272K$289K−$17K$161K 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 O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $281,685 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $268,452$259,290
I-10 Investment incomePrior year $3,703$1,075
I-11 Other revenue$21,320
I-12 Total revenuePrior year $272,155$281,685
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $32,346$38,132
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $256,930$275,051
I-18 Total expensesPrior year $289,276$313,183
I-19 Revenue less expensesPrior year −$17,121−$31,498
Part VI · Governance 13 of 13 board members independent, 3 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $281,685 across 3 lines filed
Lines not itemized here account for $21,320 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$259,290
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$1,075
VIII-12 Total revenueRelated to mission $281,685 · Unrelated business $0 · Excluded from tax $0$281,685
Part IX · Statement of functional expenses $313,183 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $36,000 · Management $0 · Fundraising $0$36,000
IX-10 Payroll taxesPrograms $2,132 · Management $0 · Fundraising $0$2,132
IX-11a Management feesPrograms $9,600 · Management $0 · Fundraising $0$9,600
IX-11b Legal feesPrograms $4,429 · Management $0 · Fundraising $0$4,429
IX-13 Office expensesPrograms $6,651 · Management $0 · Fundraising $0$6,651
IX-16 OccupancyPrograms $3,000 · Management $0 · Fundraising $0$3,000
IX-20 InterestPrograms $43,179 · Management $0 · Fundraising $0$43,179
IX-22 Depreciation, depletion and amortizationPrograms $45,907 · Management $0 · Fundraising $0$45,907
IX-23 InsurancePrograms $20,089 · Management $0 · Fundraising $0$20,089
IX-24 Other expenses (24a–d)Programs $142,196 · Management $0 · Fundraising $0$142,196
IX-25 Total functional expensesPrograms $313,183 · Management $0 · Fundraising $0$313,183
Part X · Balance sheet $1,325,693 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $246$237
X-2 Savings and temporary cash investmentsStart of year $423,262$328,540
X-9 Prepaid expenses and deferred charges$303
X-10c Land, buildings and equipment, netStart of year $736,929$996,613
X-16 Total assetsStart of year $1,183,413$1,325,693
X-17 Accounts payable and accrued expensesStart of year $22,407$177,376
X-19 Deferred revenue$18,809
X-26 Total liabilitiesStart of year $1,022,407$1,196,185
X-32 Total net assets or fund balancesStart of year $161,006$129,508
X-33 Total liabilities and net assetsStart of year $1,183,413$1,325,693
Part XI · Reconciliation of net assets $129,508 net assets at year end
XI-1 Total revenue$281,685
XI-2 Total expenses$313,183
XI-3 Revenue less expenses−$31,498
XI-4 Net assets at start of year$161,006
XI-10 Net assets at end of year$129,508

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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