John Bertram House Inc in Salem, 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
| John Bertram House Inc | |
| Employer Identification Number (EIN) | 042103743 |
| Name of Organization | John Bertram House Inc |
| Address | 29 Washington Sq, Salem, MA 01970-4014 |
| Activities | Housing for the aged (see also 153) |
| Subsection | Charitable Organization |
| Ruling Date | 10/1942 |
| Deductibility | Contributions are deductible |
| Foundation | Private operating foundation (other) |
| 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 | $6,888,547 |
| Amount of Income | $3,304,466 |
| Form 990 Revenue Amount | $1,909,366 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Senior Citizens' Housing/Retirement Communities |
Non-representatives - add comments:
Amount of income in 2013: $3,304,466 (it was $3,824,652 in 2012)
| John Bertram House Inc: | $3,304,466 |
| Other organizations performing similar types of work: | $472,802 |
Assets in 2013: $6,888,547 (it was $6,655,401 in 2012)
| This organization: | $6,888,547 |
| Other organizations performing similar types of work: | $1,498,541 |
Expenses in 2012: $2,143,433
| John Bertram House Inc: | $2,143,433 |
| Other organizations performing similar types of work: | $453,232 |
Income to expenses ratio in 2012: 1.5
| John Bertram House Inc: | 1.5 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2012: 1.2%
| This organization: | 1.2% |
| Other organizations performing similar types of work: | 0.1% |
Revenue for 2012
Expenses 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 | $2,117,161 | $232,322 | $2,065,959 | |
| Contributions, gifts, grants, etc., received | $25,200 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $73,287 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $1,860,374 | |||
| Other | $158,300 | |||
| Total expenses and disbursements | $2,143,433 | $16,919 | $2,122,255 | $170,016 |
| Compensation of officers, directors, trustees, etc. | $101,715 | |||
| Total operating and administrative expenses | $2,143,433 | $16,919 | $170,016 | |
| Contributions, gifts, grants paid | $0 | |||
| Excess of revenue over expenses and disbursements | $-26,272 | |||
| Net investment income | $215,403 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2012) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $6,655,401 | $9,416,583 |
| Cash - non-interest-bearing | $71,044 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $1,115,676 | |
| Investments-corporate bonds | $357,152 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $1,339,848 | |
| Other | $3,771,681 | |
| Total liabilities | $156,843 | |
| Mortgages and other notes payable | $0 | |
| Other | $156,843 | |
| Total liabilities and net assets/fund balances | $6,498,558 | |
| Capital Gains and Losses for Tax on Investment Income (for 2012) | |
| Capital gain net income | $158,300 |
| 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 | $4,308 |
| Total credits and payments | $4,197 |
| 2012 estimated tax payments and 2011 overpayment credited to 2012 | $1,197 |
| Exempt foreign organizations-tax withheld at source | $0 |
| Tax paid with application for extension of time to file (Form 8868) | $3,000 |
| Backup withholding erroneously withheld | $0 |
| Any penalty for underpayment of estimated tax | $30 |
| Tax due | $141 |
| 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? | Yes |
| 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 | $2,856,825 |
| Net value of noncharitable-use assets | $2,813,980 |
| Minimum investment return | $140,699 |
| Distributable Amount (for 2012) | |
| Distributable amount | $0 |
| Undistributed Income (for 2012) | |
| Distributable amount for 2012 | $0 |
| 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 | $1 | $0 | $0 | $0 | $1 |
| Qualifying distributions made directly for active conduct of exempt activities | $261,333 | $155,096 | $300,740 | $643,837 | $1,361,006 |
| Value of all assets | $1 | $0 | $0 | $0 | $1 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $93,799 | $95,824 | $98,826 | $109,042 | $397,491 |
| 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 | Lasell Village Inc | 120 Seminary Avenue, Auburndale, MA 02466-2650 | MA | 1990-11 | $25,014,114 |
| 2 | First Baptist Beverly Housing For The Elderly Inc | PO BOX 507, Beverly, MA 01915-0507 | MA | 1979-01 | $12,412,432 |
| 3 | Wartburg Home Foundation Inc | Wartburg Place, Mount Vernon, NY 10552 | NY | 1992-07 | $19,730,621 |
| 4 | Jewish Community Housing For The Elderly Inc | 30 Wallingford Road, Brighton, MA 02135-4708 | MA | 1968-07 | $17,783,936 |
| 5 | Carmel Terrace Inc | 933 Central St, Framingham, MA 01701-4813 | MA | 1996-02 | $6,184,732 |
| 6 | Newburyport Society For The Relief Of Aged Men | 361 High St, Newburyport, MA 01950-3605 | MA | 1998-06 | $3,846,112 |
| 7 | John Bertram House Inc | 29 Washington Sq, Salem, MA 01970-4014 | MA | 1942-10 | $3,304,466 |
| 8 | Jewish Community Housing For The Elderly Iv Inc | 30 Wallingford Road, Brighton, MA 02135-4708 | MA | 1977-10 | $3,142,615 |
| 9 | Council Of Elders Housing Corporation Ii | 1 Florence St, Boston, MA 02131-3638 | MA | 1987-08 | $2,569,728 |
| 10 | Roslindale Senior Housing Corporation | 17 Florence St, Roslindale, MA 02131-3656 | MA | 1983-10 | $1,441,479 |
| 11 | Jewish Community Housing For The Elderly Ii Inc | 30 Wallingford Road, Brighton, MA 02135-4708 | MA | 1972-07 | $1,356,932 |
| 12 | Housing Opportunities Milton Elderly Inc | 500 Blue Hills Pkwy, Milton, MA 02186-3103 | MA | 1979-07 | $1,101,467 |
| 13 | Saint Cecilias House Inc | 27 Mica Lane, Wellesly, MA 02481-1724 | MA | 1993-05 | $903,869 |
| 14 | Union Congregational Church Homes Phase Ii Inc | 210 Washington St, Weymouth, MA 02188-1545 | MA | 1981-08 | $698,377 |
| 15 | Weston Community Housing Inc | 23 Village Rd, Weston, MA 02493-1337 | MA | 1977-05 | $534,011 |
| 16 | Upsala Elder Housing Corporation | 36 Upsala Street, Worcester, MA 01610-2075 | MA | 1994-02 | $492,990 |
| 17 | Williamstown Elderly Housing Corp | C/O Berkshire Housing 1 Fenn St, Pittsfield, MA 01201 | MA | 1978-08 | $398,847 |
| 18 | Worcester Jewish Community Housing For The Elderly Inc | 475 Chandler Street, Worcester, MA 01602-2856 | MA | 1979-09 | $205,584 |
| 19 | Seventh Association Properties Inc | 995 Worthington St, Springfield, MA 01109-4027 | MA | 1995-01 | $49,805 |
| 20 | Greenough House Incorporated | PO BOX 357, Vineyard Hvn, MA 02568-0357 | MA | 1966-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,187 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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