Gloucester Development Team Inc in Gloucester, Massachusetts (MA)
Table of contents:
| Gloucester Development Team Inc | |
| Employer Identification Number (EIN) | 237383044 |
| Name of Organization | Gloucester Development Team Inc |
| In Care of Name | Donna Saunders |
| Address | 133 Thatcher Rd, Gloucester, MA 01930-1951 |
| Activities | Low income housing, Area development, redevelopment of renewal |
| Subsection | Charitable Organization |
| Ruling Date | 07/1974 |
| Deductibility | Contributions are deductible |
| Foundation | Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $5,000,000 to $9,999,999 |
| Income | $500,000 to $999,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $6,417,850 |
| Amount of Income | $645,173 |
| Form 990 Revenue Amount | $645,173 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Housing Development, Construction, Management |
Non-representatives - add comments:
Amount of income in 2013: $645,173 (it was $426,157 in 2012)
| This organization: | $645,173 |
| Other organizations performing similar types of work: | $914,408 |
Assets in 2013: $6,417,850 (it was $5,889,107 in 2012)
| Gloucester Development Team Inc: | $6,417,850 |
| Other organizations performing similar types of work: | $2,572,607 |
Expenses in 2012: $249,700
| Gloucester Development Team Inc: | $249,700 |
| Other organizations performing similar types of work: | $776,462 |
Income to expenses ratio in 2012: 2.6
| Gloucester Development Team Inc: | 2.6 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 0.0%
| Gloucester Development Team Inc: | 0.0% |
| Other organizations performing similar types of work: | 0.3% |
Revenue for 2012
| Statements Regarding Other IRS Filings and Tax Compliance (for 2012) | |
| Did the organization have unrelated business gross income of $1,000 or more during the year? | No |
| Initiation fees and capital contributions | $0 |
| Gross receipts for public use of club facilities | $0 |
| Gross income from members or shareholders | $0 |
| Gross income from other sources | $0 |
| Statement of Revenue (for 2012) | |
| Total revenue | $426,157 |
| Contributions, Gifts, Grants and Other Similar Amounts | $0 |
| Program Service Revenue | $173,839 |
| Other Revenue | |
| Investment income (including dividends, interest, and other similar amounts) | $252,318 |
| Income from investment of tax-exempt bond proceeds | $0 |
| Royalties | $0 |
| Net rental income | $0 |
| Net gain from sales of assets other than inventory | $0 |
| Net income from fundraising events | $0 |
| Net income from gaming activities | $0 |
| Net income from sales of inventory | $0 |
| Miscellaneous Revenue | $0 |
| Statement of Functional Expenses (for 2012) | |
| Total functional expenses | $249,700 |
| Compensation of current officers, directors, trustees, and key employees | $0 |
| Other salaries and wages | $0 |
| Payroll taxes | $0 |
| Professional fundraising services | $0 |
| Other | $249,700 |
| Balance Sheet (for 2012) | |
| Total assets | $5,889,107 |
| Total liabilities | $109,600 |
| Tax-exempt bond liabilities | $0 |
| Secured mortgages and notes payable to unrelated third parties | $0 |
| Unsecured notes and loans payable to unrelated third parties | $0 |
| Other | $109,600 |
| Total net assets or fund balances | $5,779,507 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Reason for Public Charity Status (for 2012) | |
| The organization is not a private foundation because it is: | An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975 |
| Support Schedule for Organizations Described in Section 509(a)(2) (for 2012) | |
| 2008 - 2012 Total | |
|---|---|
| Total support | $7,082,303 |
| Gifts, grants, contributions, and membership fees received | $50,000 |
| Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | $173,839 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975 | $6,858,464 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Milton-Fuller Housing Corporation | 1399 Blue Hill Ave, Milton, MA 02186-2363 | MA | 1998-07 | $8,059,494 |
| 2 | Caritas Communities Inc | 25 Braintree Hill Office Park Suite, Braintree, MA 02184-8702 | MA | 1987-03 | $5,697,926 |
| 3 | Providence Place Inc | 1221 Main St Ste 108, Holyoke, MA 01040-5396 | MA | 1946-03 | $3,616,187 |
| 4 | The Neighborhood Developers Inc | 4 Gerrish Ave, Chelsea, MA 02150-2907 | MA | 1979-02 | $3,084,458 |
| 5 | Home Savers Council Of Greenfield Gardens Inc | 58 Pray Dr, Greenfield, MA 01301-2257 | MA | 1996-10 | $2,007,290 |
| 6 | 808-812 Memorial Drive Housing Charitable Tr, Elving Louise Ttee | 280 Franklin St, Cambridge, MA 02139-3773 | MA | 1996-11 | $1,887,789 |
| 7 | Peter Sanborn Place Inc | Reading, MA 01867 | MA | $1,067,551 | |
| 8 | Nevins Manor Inc | 10 Ingalls Ct, Methuen, MA 01844-3712 | MA | 1995-10 | $667,568 |
| 9 | Fairhaven Healthcare Center Inc | 35 Avco Rd, Haverhill, MA 01835-6936 | MA | 2007-11 | $15,699,503 |
| 10 | Lafayette Rehabilitation And Skilled Nursing Facility Inc | 35 Avco Rd, Haverhill, MA 01835-6936 | MA | 2007-11 | $5,973,591 |
| 11 | Winslow Village Ii Inc | 1554 Ocean Street, Marshfield, MA 02050-3511 | MA | 1980-11 | $641,390 |
| 12 | Middlesex North Resource Center Inc | 471 Broadway, Lynnfield, MA 01940-1401 | MA | 1992-04 | $575,985 |
| 13 | Woodside Village Inc | 60b Village Road, Vineyard Haven, MA 02568-4053 | MA | 1991-08 | $460,275 |
| 14 | Supportive Living Inc | 400 W Cummings Park Ste 6100, Woburn, MA 01801-6512 | MA | 1991-09 | $449,088 |
| 15 | Wachusetts House Corp | 13 Boylston Ave, Princeton, MA 01541-1811 | MA | $189,361 | |
| 16 | Salem Point Rental Prosperties Corp | 102 Lafayette St, Salem, MA 01970-3625 | MA | 1995-02 | $175,729 |
| 17 | Coming Home Inc | 119 Washington St, Groveland, MA 01834 | MA | 2009-06 | $20,345 |
| 18 | Holyoke Community Land Trust Inc | 225 High Street - 5th Floor, Holyoke, MA 01040 | MA | 1990-10 | $4,721 |
| 19 | Geneva Tenants Organization Inc | 227 Geneva Ave Apt 5, Dorchester, MA 02121-3847 | MA | 2004-03 | $0 |
| 20 | Hanson Housing C0rporation | 80 Meeting House Ln, Hanson, MA 02341-1034 | MA | 2005-11 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 875 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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