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Brownstone Gardens INC

Tax-deductible

E Longmeadow, MA501(c)(3)Since 2017HousingEIN 82-3572469Revenue $2.0M in FY2025

On file with the IRS24 Deer Park Dr, 01028-3196 · E Longmeadow, MATax-exempt since Jun 2018Publicly supported — 509(a)(2)

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Low income elderly housing

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Run by 9 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
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
5 of 6
filings with a surplus
Average surplus $99K a year · 6% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$11.7M
94% of total assets
Concern: liabilities are 94% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
+3% vs prior year
Spent
$2.2M
To programs
82%
Net assets
$783K
By yearFY2020–FY2025
Revenue
$2.0M
FY2025▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$168K
FY2021$1.6M
FY2022$1.7M
FY2023$1.8M
FY2024$2.0M
FY2025$2.0M
Expenses
$2.2M
FY2025▲ +15%
Tap a bar for its year
Expenses by fiscal year
FY2020$162K
FY2021$1.3M
FY2022$1.6M
FY2023$1.5M
FY2024$2.0M
FY2025$2.2M
Net assets
$783K
FY2025▼ -21%
Tap a bar for its year
Net assets by fiscal year
FY2020$193K
FY2021$485K
FY2022$647K
FY2023$948K
FY2024$986K
FY2025$783K

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2018.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $1.8M Management & general 18% · $413K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Amy Ferrero
President
$0Pt VII · Sec A
Eric H Madison
Vice Preside
$0Pt VII · Sec A
Dawn W Starks
Treasurer/Se
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Brownstone Gardens INC 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

Provides affordable housing and support services for low-income elderly residents.

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Provided by the organization

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1 program · $1.8M · in their own filed words · FY2025
01

To provide housing for approximately 132 low income elderly residents.

$1.8Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.0M
Ln 12
Fees for servicesLn 2g$2.0M
Investment incomeLn 3$9K
Other incomeLn 4–11$7K
Money outPt IX
$2.2M
Ln 25
Programscol B$1.8M
Managementcol C$413K
Owns and owesPt X
$783K
net assets · Ln 32
Cash and savingsLn 1–2$16K
Total assetsLn 16$12.5M
LiabilitiesLn 26$11.7M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.0M
Investment incomeLn 3$9K
Other incomeLn 4–11$7K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$16K
Cash and savings togetherLn 1–2$16K
Land, buildings, equipmentLn 10c$10.8M
Other assetsLn 15$1.6M
Total assetsLn 16$12.5M
LiabilitiesLn 26$11.7M
Net assetsLn 32$783K
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
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 FY25End FY25
Cash and savingsLn 1–2$68K$16K
Land, buildings, equipmentLn 10c$10.7M$10.8M
Total assetsLn 16$12.8M$12.5M
LiabilitiesLn 26$11.9M$11.7M
Net assetsLn 32$986K$783K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$129K$129K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$36K$36K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$63K$63K
OccupancyLn 16$277K$277K
InterestLn 20$536K$536K
Depreciation, depletion and amortizationLn 22$410K$410K
InsuranceLn 23$140K$140K
Other expenses (24a–d)Ln 24$615K$439K$176K
All other expensesLn 24e$36K$36K
Total functional expensesLn 25$2.2M$1.8M$413K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.0M$2.2M−$203K$783K 990 PDF
FY2024 $2.0M$2.0M$38K$986K 990 PDF
FY2023 $1.8M$1.5M$301K$948K 990 PDF
FY2022 $1.7M$1.6M$162K$647K 990 PDF
FY2021 $1.6M$1.3M$292K$485K 990 PDF
FY2020 $168K$162K$6K$193K 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 FY2025 990 (6 parts)
Part I · Summary $2,046,580 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $658,442$0
I-9 Program service revenuePrior year $1,316,046$2,029,612
I-10 Investment incomePrior year $10,245$9,494
I-11 Other revenuePrior year $6,724$7,474
I-12 Total revenuePrior year $1,991,457$2,046,580
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,953,700$2,249,574
I-18 Total expensesPrior year $1,953,700$2,249,574
I-19 Revenue less expensesPrior year $37,757−$202,994
Part VI · Governance 8 of 8 board members independent, 1 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $2,046,580 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,029,612$2,029,612
VIII-3 Investment incomeExcluded from tax $9,494$9,494
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,474$7,474
VIII-12 Total revenueRelated to mission $2,037,086 · Excluded from tax $9,494$2,046,580
Part IX · Statement of functional expenses $2,249,574 across 11 lines filed
IX-11a Management feesManagement $128,640$128,640
IX-11b Legal feesManagement $5,270$5,270
IX-11c Accounting feesManagement $35,605$35,605
IX-12 Advertising and promotionManagement $4,289$4,289
IX-13 Office expensesManagement $63,238$63,238
IX-16 OccupancyPrograms $276,559$276,559
IX-20 InterestPrograms $536,186$536,186
IX-22 Depreciation, depletion and amortizationPrograms $409,699$409,699
IX-23 InsurancePrograms $139,709$139,709
IX-24 Other expenses (24a–d)Programs $438,998 · Management $175,663$614,661
IX-24e All other expensesPrograms $35,718$35,718
IX-25 Total functional expensesPrograms $1,836,869 · Management $412,705 · Fundraising $0$2,249,574
Part X · Balance sheet $12,527,534 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $67,788$16,370
X-4 Accounts receivableStart of year $1,137$24,859
X-9 Prepaid expenses and deferred chargesStart of year $94,872$92,874
X-10c Land, buildings and equipment, netStart of year $10,738,331$10,803,619
X-15 Other assetsStart of year $858,344$1,589,812
X-16 Total assetsStart of year $12,848,111$12,527,534
X-17 Accounts payable and accrued expensesStart of year $72,182$113,807
X-19 Deferred revenueStart of year $367$1,412
X-25 Other liabilitiesStart of year $3,936,855$3,823,122
X-26 Total liabilitiesStart of year $11,862,297$11,744,714
X-27 Net assets without donor restrictionsStart of year $985,814$782,820
X-32 Total net assets or fund balancesStart of year $985,814$782,820
X-33 Total liabilities and net assetsStart of year $12,848,111$12,527,534
Part XI · Reconciliation of net assets $782,820 net assets at year end
XI-1 Total revenue$2,046,580
XI-2 Total expenses$2,249,574
XI-3 Revenue less expenses−$202,994
XI-4 Net assets at start of year$985,814
XI-10 Net assets at end of year$782,820

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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