Bphc Northhampton Development Corp INC EIN 61-1717943 Form 990 (PDF) Claim this org

Bphc Northhampton Development Corp INC FY2024 filing

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Builds and maintains affordable homes to improve communities and lives. For fiscal year 2024 it reported $580K in revenue, $375K in expenses, and $20.7M in net assets.Pt I

Founded
2013
Type
Membership association · Housing
Location
Boston, MA
Filings
4 on file (2021–2024)
Revenue
$580KFY2024
Expenses
$375K
Net assets
$20.7M
People
2
Filings
4
Updates
0
More identity details & actions ⌄
EIN  61-1717943 Membership association Boston, MA Founded 2013
Form 990 (PDF)
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Builds and maintains affordable homes to improve communities and lives.
Leadership
Timothy Harrington · President/Clerk/Director
Money in and out
$580K revenue, $375K expenses
Bottom line
+35% operating surplus
Membership & operating revenue · FY2024
Total revenue
$580K
Pt VIII · Ln 12
Total expenses
$375K
Pt IX · Ln 25
Net assets
$20.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $205K
Where spending went · Part IX cols B–D
Program services $1.00
Operating surplus
+35%
revenue over expenses
Earned revenue
100%
of revenue from program services & dues
Program spending
100%
of expenses reach member services

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$580K
FY2024▼ -72%
Expenses
$375K
FY2024▼ -80%
Total assets
$20.7M
FY2024▲ +1%
Total liabilities
$0
FY2024
Total revenue
$580K
Pt VIII · Ln 12
Total expenses
$375K
Pt IX · Ln 25
Net assets
$20.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$205K
Total assetsPt X · Ln 16$20.7M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 42
Mission & Programs · Part III

Where the work happens

1 program service account for $375K of program spending, described in the organization's own filed words · FY2023.
01

To promote civic betterments, social improvements by helping to provide affordable low-income housing in the city of boston on the northampton square campus, without burdening the government.

$375Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CBphc Northhampton Development Corp INC
EINHdr · item D61-1717943
Principal addressHdr · item CBoston, MA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2013
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(4) · active
NTEE classificationIRS BMFHousing (L192)
Ruling yearIRS BMFSep 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
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 · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President/Clerk/Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue100%$580K
Total revenueLn 12$580K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$375K
Total functional expensesLn 25$375K

Balance Sheet

Part X · end of year
CashLn 1
Total assetsLn 16$20.7M
Total liabilitiesLn 26$0
Total net assetsLn 32$20.7M

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $375K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $375K · Total expenses $375K
100%
Management & General
Management & general $0 · Total expenses $375K
0%
Fundraising
Fundraising $0 · Total expenses $375K
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 $580K
0%
Government reliance
Government grants — · Total revenue $580K
Earned-income share
Program service revenue $580K · Total revenue $580K
100%
Investment reliance
Investment income $0 · Total revenue $580K
0%
Program self-sufficiency
Program service revenue $580K · Total expenses $375K
155%
Growth & trend
Revenue growth (YoY)
This year $580K · Prior year $2.1M
-72%
Net-asset trend (YoY)
End of year $20.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $580K · Expenses $375K
+35%
Liabilities-to-Assets
Total liabilities — · Total assets $20.7M
Net-asset ratio
Net assets $20.7M · Total assets $20.7M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $20.7M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Timothy Harrington · Reported title PRESIDENT/CLERK/DIRECTOR · Highest reported compensation $0 · Total expenses $375K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $375K
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 -72%

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$580K revenue · viewing · ⤓ 990 PDF
FY2023$2.1M revenue · ⤓ 990 PDF
FY2022$1.3M revenue · ⤓ 990 PDF
FY2021$1.7M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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