Restoration Housing Corporation in Boston, Massachusetts (MA)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Restoration Housing Corporation | |
| Employer Identification Number (EIN) | 042680399 |
| Name of Organization | Restoration Housing Corporation |
| In Care of Name | Dexter Lewis Sec |
| Address | 11 New Whitney St, Boston, MA 02115-6276 |
| Activities | Business promotion (chamber of commerce, business league, etc.) |
| Subsection | Charitable Organization |
| Ruling Date | 10/1979 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $1,000,000 to $4,999,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $5,789,855 |
| Amount of Income | $1,820,921 |
| Form 990 Revenue Amount | $1,720,745 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Housing Rehabilitation |
Non-representatives - add comments:
Amount of income in 2013: $1,820,921 (it was $1,721,069 in 2012)
| Restoration Housing Corporation: | $1,820,921 |
| Other organizations performing similar types of work: | $344,100 |
Assets in 2013: $5,789,855 (it was $5,780,038 in 2012)
| Restoration Housing Corporation: | $5,789,855 |
| Other organizations performing similar types of work: | $962,515 |
Expenses in 2012: $1,480,237
| Restoration Housing Corporation: | $1,480,237 |
| Other organizations performing similar types of work: | $349,817 |
Income to expenses ratio in 2012: 1.2
| Restoration Housing Corporation: | 1.2 |
| Other organizations performing similar types of work: | 1.1 |
Revenue for 2012
Assets for 2012
| Analysis of Revenue and Expenses (for 2012) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $1,721,069 | $931 | $1,721,069 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $931 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $1,720,138 | |||
| Total expenses and disbursements | $1,480,237 | $0 | $0 | $1,156,063 |
| Compensation of officers, directors, trustees, etc. | $0 | |||
| Total operating and administrative expenses | $1,480,237 | $0 | $1,156,063 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $240,832 | |||
| Net investment income | $931 | |||
| Adjusted net income | $1,721,069 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $5,780,038 | $5,780,038 |
| Cash - non-interest-bearing | $139,930 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $5,640,108 | |
| Total liabilities | $3,221,194 | |
| Mortgages and other notes payable | $2,728,077 | |
| Other | $493,117 | |
| Total liabilities and net assets/fund balances | $2,558,844 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2012) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $19 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $19 |
| Overpayment | $0 |
| Amount to be credited to 2013 estimated tax | $0 |
| Statements Regarding Activities (for 2012) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2012) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2012) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $192,077 |
| Net value of noncharitable-use assets | $189,200 |
| Minimum investment return | $9,460 |
| Distributable Amount (for 2012) | |
| Distributable amount | $9,441 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $9,441 |
| Undistributed income for 2012. This amount must be distributed in 2013 | $0 |
| Private Operating Foundations (for 2012) | |||||
| 2012 | 2011 | 2010 | 2009 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Ud Property Management Corporation | 1845 E Northgate Dr, Irving, TX 75062-4736 | TX | 1995-05 | $2,409,507 |
| 2 | Fenway Community Development Corp | 70 Burbank Street, Boston, MA 02115-3630 | MA | $2,025,778 | |
| 3 | Restoration Housing Corporation | 11 New Whitney St, Boston, MA 02115-6276 | MA | 1979-10 | $1,820,921 |
| 4 | Suburban Housing Development And Research Inc | PO BOX 5012, Bay Shore, NY 11706-0011 | NY | 1981-10 | $1,342,613 |
| 5 | Metro West Collaborative Development Inc | 63 Mount Auburn St, Watertown, MA 02472-3924 | MA | 1991-05 | $888,367 |
| 6 | Equal Housing Fund Of Florida Corp | PO BOX 330537, Miami, FL 33233-0537 | FL | 1997-07 | $878,049 |
| 7 | Senior Home Security Inc, Home Services | 5019 Northrup Ave, Saint Louis, MO 63110-2029 | MO | 1977-11 | $815,804 |
| 8 | Chelsea Restoration Corporation | 154 Pearl St, Chelsea, MA 02150-2861 | MA | 1981-01 | $804,072 |
| 9 | West Side Neighborhood Housing Service Inc | 359 Connecticut St, Buffalo, NY 14213-2547 | NY | 1983-03 | $720,983 |
| 10 | Wesley House Community Center | 1719 Reynolds St, Knoxville, TN 37921-4761 | TN | 1978-03 | $626,922 |
| 11 | Why Not Community Housing Corporation | 6987 Bunker Hill Mine Rd, Yankee Hill, CA 95965-9772 | CA | 1996-06 | $275,660 |
| 12 | Rural California Housing Corporation | 3120 Freeboard Dr Ste 202, W Sacramento, CA 95691 | CA | 1968-06 | $223,768 |
| 13 | Framingham Housing Development Corporation Ii | 1 John J Brady Dr, Framingham, MA 01702-2307 | MA | 1995-01 | $203,066 |
| 14 | Van Wert Housing Services Inc | 525 Augustine Dr, Van Wert, OH 45891-1370 | OH | 1994-02 | $165,337 |
| 15 | Urban Suburban Affordables Inc | 47 Vine St, Hartford, CT 06112-2246 | CT | 1993-12 | $110,946 |
| 16 | Andover Community Trust Inc | PO BOX 5038, Andover, MA 01810-0820 | MA | 1997-04 | $35,459 |
| 17 | Community Improvement Program Inc | 29 Clarence St, Roxbury, MA 02119-2701 | MA | 1995-10 | $0 |
| 18 | Methuen Development Corporation | 24 Mystic St, Methuen, MA 01844-2468 | MA | 1997-06 | $0 |
| 19 | Seniorsconnect Inc, Polly Allen Polly Allen | 202 Erie Street, Cambridge, MA 02139 | MA | 1992-01 | $0 |
| 20 | Symphony Area Renaissance Trust | Po Box 230953, Boston, MA 02123 | MA | 1986-08 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 148 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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