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Pine Crest Rhf Housing INC FY2023 filing

Tax-deductible

Long Beach, CA501(c)(3)Education EIN 76-0713635Revenue $73K in FY2023Latest return filed Nov 3, 2025

On file with the IRSrhf.orgLong Beach, CATax-exempt since Jan 2003Publicly supported — 509(a)(2)

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Pine Crest Rhf Housing, INC. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the commonwealth of massachusetts. The corporation was formed for the purpose of providing Housing to low income families. The corporation originally operated a 114 unit community known as Pine Crest apartments located in orange, massachusetts. On december 27, 2018 in order to take advantage of low income tax credits under section 42 for the rehabilitation of Pine Crest apartments, this property was transferred to a related entity.on august 28, 2020, the entity acquired and began operating a 100 unit community known as hillcrest apartments in attleboro, massachusetts.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
3 of 5
filings with a surplus
Average surplus $353K a year · 31% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 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
86 mo
of spending, in cash
Looks good: 85.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$190K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$73K
-98% vs prior year
Spent
$5K
To programs
100%
Net assets
$1.4M
By yearFY2020–FY2024
Revenue
$73K
FY2023▼ -98%
Tap a bar for its year
Revenue by fiscal year
FY2020$603K
FY2021$1.0M
FY2022$3.8M
FY2023$73K
FY2024$74K
Expenses
$5K
FY2023▼ -100%
Tap a bar for its year
Expenses by fiscal year
FY2020$620K
FY2021$1.7M
FY2022$1.5M
FY2023$5K
FY2024$250
Net assets
$1.4M
FY2023▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020−$310K
FY2021−$1.0M
FY2022$1.3M
FY2023$1.4M
FY2024$1.5M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 2003.

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% · $5K

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

Something off? Claim to add context

Who runs it and what they're paid

35 people listed on the 990.

Part VII, Section A · reportable compensation
Hartman Stuart J
President/CEO
$0Pt VII · Sec A
Amberg Robert R
Executive VP Gen Counsel
$0Pt VII · Sec A
Rossello Frank JR
CFO and VP of Finance
$0Pt VII · Sec A
Fard Bobby J
VP Acquis and Proj Dev
$0Pt VII · Sec A
Magnone Vincent B
VP Treasury & Invstmt Off
$0Pt VII · Sec A
Escandon Yuri Andrew
VP Housing Operations
$0Pt VII · Sec A
Napierskie David W
VP Health Care Operations
$0Pt VII · Sec A
Battaglia Nada
VP Human Resources
$0Pt VII · Sec A
See Pine Crest Rhf Housing INC executive salaries →

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 15aYes

Programs and updates

Provides housing for low-income families in Massachusetts.

Questions for Pine Crest Rhf Housing INC

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1 program · $5K · in their own filed words · FY2023
01

Pine crest RHF housing, inc. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the commonwealth of massachusetts. The corporation was formed for the purpose of providing housing to low income families and operated a 114 unit community known as pine crest apartments located in orange, massachusetts.

$5Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$73K
Ln 12
Investment incomeLn 3$73K
Money outPt IX
$5K
Ln 25
Programscol B$5K
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$39K
Total assetsLn 16$1.6M
LiabilitiesLn 26$190K
PeoplePt VI, VII
35
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$73K
Total revenueLn 12$73K
Assets in detailPt X, end of year
CashLn 1$39K
Cash and savings togetherLn 1–2$39K
Notes and loans receivableLn 7$1.5M
Other assetsLn 15$93K
Total assetsLn 16$1.6M
LiabilitiesLn 26$190K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$53K$39K
Total assetsLn 16$1.5M$1.6M
LiabilitiesLn 26$198K$190K
Net assetsLn 32$1.3M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
OccupancyLn 16$5K$5K
Other expenses (24a–d)Ln 24$629$629
Total functional expensesLn 25$5K$5K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 3, 2025 $74K$250$74K$1.5M 990 PDF
FY2023 ViewingFiled with the IRS Nov 5, 2024 $73K$5K$67K$1.4M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $3.8M$1.5M$2.3M$1.3M 990 PDF
FY2021Filed with the IRS Nov 11, 2022 $1.0M$1.7M−$704K−$1.0M 990 PDF
FY2020Filed with the IRS Jul 27, 2022 $603K$620K−$17K−$310K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $72,568 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $807,129$0
I-10 Investment incomePrior year $3,030,843$72,568
I-11 Other revenuePrior year $10,568$0
I-12 Total revenuePrior year $3,848,540$72,568
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,503,804$5,484
I-18 Total expensesPrior year $1,503,804$5,484
I-19 Revenue less expensesPrior year $2,344,736$67,084
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $72,568 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $72,568$72,568
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $72,568$72,568
Part IX · Statement of functional expenses $5,484 across 2 lines filed
IX-16 OccupancyPrograms $4,855$4,855
IX-24 Other expenses (24a–d)Programs $629$629
IX-25 Total functional expensesPrograms $5,484 · Management $0 · Fundraising $0$5,484
Part X · Balance sheet $1,587,641 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $52,833$39,064
X-7 Notes and loans receivableStart of year $1,455,888$1,455,888
X-15 Other assetsStart of year $20,120$92,689
X-16 Total assetsStart of year $1,528,841$1,587,641
X-17 Accounts payable and accrued expensesStart of year $16,959$8,675
X-25 Other liabilitiesStart of year $181,346$181,346
X-26 Total liabilitiesStart of year $198,305$190,021
X-27 Net assets without donor restrictionsStart of year $1,330,536$1,397,620
X-32 Total net assets or fund balancesStart of year $1,330,536$1,397,620
X-33 Total liabilities and net assetsStart of year $1,528,841$1,587,641
Part XI · Reconciliation of net assets $1,397,620 net assets at year end
XI-1 Total revenue$72,568
XI-2 Total expenses$5,484
XI-3 Revenue less expenses$67,084
XI-4 Net assets at start of year$1,330,536
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,397,620

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

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