Sblca Realty Corp FY2023 filing

Not tax-deductible

Boston, MAMutual-benefit / member-servingCommunity DevelopmentEIN 54-2189078Revenue $292K in FY2023

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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FY2023 · 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
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.3M
91% of total assets
Concern: liabilities are 91% 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
$292K
+11% vs prior year
Spent
$303K
To programs
100%
Net assets
$132K
By yearFY2020–FY2025
Revenue
$292K
FY2023▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$272K
FY2021$282K
FY2022$263K
FY2023$292K
FY2024$319K
FY2025$394K
Expenses
$303K
FY2023▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$289K
FY2021$313K
FY2022$286K
FY2023$303K
FY2024$361K
FY2025$405K
Net assets
$132K
FY2023▼ -8%
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 FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 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% · $303K

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
Director
$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 · $303K · in their own filed words · FY2023
01

Real estate rentals

$303Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$292K
Ln 12
Fees for servicesLn 2g$292K
Money outPt IX
$303K
Ln 25
Programscol B$303K
Owns and owesPt X
$132K
net assets · Ln 32
Cash and savingsLn 1–2$38K
Total assetsLn 16$1.4M
LiabilitiesLn 26$1.3M
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$292K
Total revenueLn 12$292K
Assets in detailPt X, end of year
CashLn 1$254
SavingsLn 2$38K
Cash and savings togetherLn 1–2$38K
Land, buildings, equipmentLn 10c$1.3M
Other assetsLn 15$8K
Total assetsLn 16$1.4M
LiabilitiesLn 26$1.3M
Net assetsLn 32$132K
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 FY23End FY23
Cash and savingsLn 1–2$36K$38K
Land, buildings, equipmentLn 10c$1.4M$1.3M
Total assetsLn 16$1.4M$1.4M
LiabilitiesLn 26$1.3M$1.3M
Net assetsLn 32$143K$132K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$24K$24K$0$0
Payroll taxesLn 10$2K$2K$0$0
Management feesLn 11a$7K$7K$0$0
Legal feesLn 11b$5K$5K$0$0
Advertising and promotionLn 12$2K$2K$0$0
Office expensesLn 13$5K$5K$0$0
InterestLn 20$56K$56K$0$0
Depreciation, depletion and amortizationLn 22$45K$45K$0$0
InsuranceLn 23$19K$19K$0$0
Other expenses (24a–d)Ln 24$139K$139K$0$0
Total functional expensesLn 25$303K$303K$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 Viewing $292K$303K−$11K$132K 990 PDF
FY2022 $263K$286K−$22K$143K 990 PDF
FY2021 $282K$313K−$31K$130K 990 PDF
FY2020 $272K$289K−$17K$161K 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 FY2023 990 (6 parts)
Part I · Summary $292,201 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $263,489$292,201
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $263,489$292,201
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $19,529$25,864
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $266,109$277,311
I-18 Total expensesPrior year $285,638$303,175
I-19 Revenue less expensesPrior year −$22,149−$10,974
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 $292,201 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$292,201
VIII-12 Total revenueRelated to mission $292,201 · Unrelated business $0 · Excluded from tax $0$292,201
Part IX · Statement of functional expenses $303,175 across 10 lines filed
IX-7 Other salaries and wagesPrograms $24,000 · Management $0 · Fundraising $0$24,000
IX-10 Payroll taxesPrograms $1,864 · Management $0 · Fundraising $0$1,864
IX-11a Management feesPrograms $7,170 · Management $0 · Fundraising $0$7,170
IX-11b Legal feesPrograms $4,686 · Management $0 · Fundraising $0$4,686
IX-12 Advertising and promotionPrograms $2,031 · Management $0 · Fundraising $0$2,031
IX-13 Office expensesPrograms $4,610 · Management $0 · Fundraising $0$4,610
IX-20 InterestPrograms $55,804 · Management $0 · Fundraising $0$55,804
IX-22 Depreciation, depletion and amortizationPrograms $45,300 · Management $0 · Fundraising $0$45,300
IX-23 InsurancePrograms $18,610 · Management $0 · Fundraising $0$18,610
IX-24 Other expenses (24a–d)Programs $139,100 · Management $0 · Fundraising $0$139,100
IX-25 Total functional expensesPrograms $303,175 · Management $0 · Fundraising $0$303,175
Part X · Balance sheet $1,405,236 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $239$254
X-2 Savings and temporary cash investmentsStart of year $35,963$37,666
X-4 Accounts receivableStart of year $2,161$400
X-9 Prepaid expenses and deferred chargesStart of year $13,756$18,166
X-10c Land, buildings and equipment, netStart of year $1,370,542$1,340,783
X-15 Other assetsStart of year $8,526$7,967
X-16 Total assetsStart of year $1,431,187$1,405,236
X-17 Accounts payable and accrued expensesStart of year $68,170$87,106
X-24 Unsecured notes and loans payableStart of year $220,139$211,568
X-26 Total liabilitiesStart of year $1,288,309$1,273,332
X-32 Total net assets or fund balancesStart of year $142,878$131,904
X-33 Total liabilities and net assetsStart of year $1,431,187$1,405,236
Part XI · Reconciliation of net assets $131,904 net assets at year end
XI-1 Total revenue$292,201
XI-2 Total expenses$303,175
XI-3 Revenue less expenses−$10,974
XI-4 Net assets at start of year$142,878
XI-10 Net assets at end of year$131,904

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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