Peter Sanborn Place Inc in Reading, Massachusetts (MA)

Peter Sanborn Place Inc
Employer Identification Number (EIN)	042720358
Name of Organization	Peter Sanborn Place Inc
Address	Reading, MA 01867
Tax Period	2007
Asset Amount	$-166,130
Amount of Income	$1,067,551
Form 990 Revenue Amount	$1,067,551
National Taxonomy of Exempt Entities (NTEE)	Housing, Shelter: Housing Development, Construction, Management

Non-representatives - add comments:

Amount of income in 2007: $1,067,551

Peter Sanborn Place Inc:	$1,067,551
Other organizations performing similar types of work:	$914,408

Assets in 2007: $-166,130

This organization:	$-166,130
Other organizations performing similar types of work:	$2,572,607

Expenses in 2007: $1,120,011

This organization:	$1,120,011
Other organizations performing similar types of work:	$776,462

Income to expenses ratio in 2007: 1.0

This organization:	1.0
Other organizations performing similar types of work:	1.0

Expenses allocated to program services in 2007: 100.0%

Peter Sanborn Place Inc:	100.0%
Other organizations performing similar types of work:	90.8%

Number of employees in 2007: 8

This organization:	8
Other organizations performing similar types of work:	2

Employees paid over $50,000 in 2007: 12.5%

This organization:	12.5%
Other organizations performing similar types of work:	0.0%

Grants share in income in 2007: 0.0%

This organization:	0.0%
Other organizations performing similar types of work:	0.3%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

	2000	2001	2002	2004	2005	2006	2007
Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue	$892,364	$853,646	$904,382	$999,324	$1,005,460	$1,032,283	$1,067,551
Contributions, gifts, grants, and similar amounts received	$0	$0	$0	$0	$0	$0	$0
Contributions to donor advised funds						$0	$0
Direct public support	$0	$0	$0	$0	$0	$0	$0
Indirect public support	$0	$0	$0	$0	$0	$0	$0
Government contributions (grants)	$0	$0	$0	$0	$0	$0	$0
Program service revenue including government fees and contracts	$838,456	$837,778	$887,671	$950,618	$968,236	$994,432	$1,033,688
Membership dues and assessments	$0	$0	$0	$0	$0	$0	$0
Interest on savings and temporary cash investments	$43,444	$11,505	$8,353	$36,796	$30,778	$31,150	$26,964
Dividends and interest from securities	$0	$0	$0	$0	$0	$0	$0
Net rental income or (loss)	$0	$0	$0	$0	$0	$0	$0
Gross rents	$0	$0	$0	$0	$0	$0	$0
Less: rental expenses	$0	$0	$0	$0	$0	$0	$0
Other investment income	$0	$0	$0	$0	$0	$0	$0
Gain or (loss) from sales of assets other than inventory	$5,440	$0	$0	$0	$0	$0	$0
Gross amount from sales of assets other than inventory	$190,000	$0	$0	$0	$0	$0	$0
Less: cost or other basis and sales expenses	$184,560	$0	$0	$0	$0	$0	$0
Net income or (loss) from special events and activities	$0	$0	$0	$0	$0	$0	$0
Gross revenue	$0	$0	$0	$0	$0	$0	$0
Less: direct expenses other than fundraising expenses	$0	$0	$0	$0	$0	$0	$0
Gross profit or (loss) from sales of inventory	$0	$0	$0	$0	$0	$0	$0
Gross sales of inventory, less returns and allowances	$0	$0	$0	$0	$0	$0	$0
Less: cost of goods sold	$0	$0	$0	$0	$0	$0	$0
Other revenue	$5,024	$4,363	$8,358	$11,910	$6,446	$6,701	$6,899
Total expenses	$917,615	$907,429	$969,530	$1,036,942	$1,067,988	$1,061,501	$1,120,011
Program services	$917,615	$907,429	$969,530	$1,036,942	$1,067,988	$1,061,501	$1,120,011
Management and general	$0	$0	$0	$0	$0	$0	$0
Fundraising	$0	$0	$0	$0	$0	$0	$0
Payments to affiliates	$0	$0	$0	$0	$0	$0	$0
Net assets or fund balances at end of year	$144,978	$91,195	$26,047	$-21,924	$-84,452	$-113,670	$-166,130
Excess or (deficit) for the year	$-25,251	$-53,783	$-65,148	$-37,618	$-62,528	$-29,218	$-52,460
Net assets or fund balances at beginning of year	$166,396	$144,978	$91,195	$15,694	$-21,924	$-84,452	$-113,670
Other changes in net assets or fund balances	$3,833	$0	$0	$0	$0	$0	$0

	Total	Program services	Management and general	Fundraising
Statement of Functional Expenses (for 2007)
Total functional expenses	$1,120,011	$1,120,011	$0	$0
Grants paid from donor advised funds		$0
Other grants and allocations		$0
Specific assistance to individuals		$0
Benefits paid to or for members		$0
Compensation of current officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation of former officers, directors, key employees, etc.	$0	$0	$0	$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)	$0	$0	$0	$0
Salaries and wages of employees not included above	$0	$0	$0	$0
Pension plan contributions not included above	$0	$0	$0	$0
Employee benefits not included above	$0	$0	$0	$0
Payroll taxes	$0	$0	$0	$0
Professional fundraising fees	$0	$0	$0	$0
Accounting fees	$12,500	$12,500	$0	$0
Legal fees	$0	$0	$0	$0
Supplies	$0	$0	$0	$0
Telephone	$18,979	$18,979	$0	$0
Postage and shipping	$0	$0	$0	$0
Occupancy	$182,730	$182,730	$0	$0
Equipment rental and maintenance	$5,498	$5,498	$0	$0
Printing and publications	$0	$0	$0	$0
Travel	$0	$0	$0	$0
Conferences, conventions, and meetings	$0	$0	$0	$0
Interest	$257,333	$257,333	$0	$0
Depreciation, depletion, etc.	$120,632	$120,632	$0	$0
Other expenses not covered above	$522,339	$522,339	$0	$0

	2000	2001	2002	2004	2005	2006	2007
Balance Sheets
Total assets	$3,787,909	$3,685,677	$4,907,514	$4,810,438	$4,709,648	$4,746,516	$4,604,682
Cash - non-interest-bearing	$1,174	$25,648	$1,815	$82,929	$1,372	$316,309	$269,217
Savings and temporary cash investments	$0	$0	$411,000	$0	$0	$0	$0
Accounts receivable less allowance for doubtful accounts	$10,832	$59,415	$6,733	$36	$37	$0	$0
Pledges receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0	$0	$0
Grants receivable	$0	$0	$0	$0	$0	$0	$0
Receivables from current and former officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0	$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)						$0	$0
Other notes and loans receivable less allowance for doubtful accounts	$0	$0	$0	$0	$0	$0	$0
Inventories for sale or use	$0	$0	$0	$0	$0	$0	$0
Prepaid expenses and deferred charges	$675	$675	$675	$33,481	$34,259	$37,751	$44,331
Investments - publicly-traded securities						$0	$0
Investments - other securities	$0	$0	$0	$0	$0	$0	$0
Investments - land, buildings, and equipment less accumulated depreciation	$0	$0	$0	$0	$0	$0	$0
Investments - other	$0	$0	$0	$0	$0	$0	$0
Land, buildings, and equipment less accumulated depreciation	$2,908,280	$2,812,187	$2,708,648	$3,017,157	$3,361,478	$3,618,122	$3,538,231
Other assets, including program-related investments	$866,948	$787,752	$1,778,643	$1,676,835	$1,312,502	$774,334	$752,903
Total liabilities	$3,642,931	$3,594,482	$4,881,467	$4,832,362	$4,794,100	$4,860,186	$4,770,812
Accounts payable and accrued expenses	$75,743	$77,871	$25,315	$24,705	$25,035	$74,187	$60,666
Grants payable	$0	$0	$0	$0	$0	$0	$0
Deferred revenue	$0	$0	$0	$0	$0	$0	$0
Loans from officers, directors, trustees, and key employees	$0	$0	$0	$0	$0	$0	$0
Tax-exempt bond liabilities	$0	$0	$0	$0	$0	$0	$0
Mortgages and other notes payable	$3,550,069	$3,498,607	$4,836,861	$4,788,168	$4,746,947	$4,703,601	$4,658,019
Other liabilities	$17,119	$18,004	$19,291	$19,489	$22,118	$82,398	$52,127
Total liabilities and net assets/fund balances	$3,787,909	$3,685,677	$4,907,514	$4,810,438	$4,709,648	$4,746,516	$4,604,682
Total net assets or fund balances	$144,978	$91,195	$26,047	$-21,924	$-84,452	$-113,670	$-166,130

	2000	2001	2002	2004	2005	2006	2007
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
Total revenue	$892,364	$853,646	$904,382	$999,324	$1,005,460	$1,032,283	$1,067,551
Total revenue, gains, and other support per audited financial statements	$896,197	$853,646	$904,382	$999,324	$1,005,460	$1,032,283	$1,067,551
Other expenses	$3,833	$0	$0	$0	$0	$0	$0
Net unrealized gains on investments	$3,833	$0	$0	$0	$0	$0	$0
Donated services and use of facilities	$0	$0	$0	$0	$0	$0	$0
Recoveries of prior year grants	$0	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0	$0
Other revenue	$0	$0	$0	$0	$0	$0	$0
Investment expenses	$0	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0	$0

	2000	2001	2002	2004	2005	2006	2007
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
Total expenses	$917,615	$907,429	$969,530	$1,036,942	$1,067,988	$1,061,501	$1,120,011
Total expenses and losses per audited financial statements	$917,615	$907,429	$969,530	$1,036,942	$1,067,988	$1,061,501	$1,120,011
Other revenue	$0	$0	$0	$0	$0	$0	$0
Donated services and use of facilities	$0	$0	$0	$0	$0	$0	$0
Prior year adjustments	$0	$0	$0	$0	$0	$0	$0
Losses	$0	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0	$0
Other expenses	$0	$0	$0	$0	$0	$0	$0
Investment expenses	$0	$0	$0	$0	$0	$0	$0
Other	$0	$0	$0	$0	$0	$0	$0

Average hours per week devoted to position	Compensation	Contributions to employee benefit plans & deferred compensation plans	Expense account and other allowances
Current Officers, Directors, Trustees, and Key Employees
40	$90,125	$10,247	$0

Total number of officers, directors, and trustees permitted to vote on organization business at board meetings	12
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?	No
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?	No
Does the organization have a written conflict of interest policy?	Yes

Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?	No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?	No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?	Yes
Direct and indirect political expenditures	$0
Did the organization file Form 1120-POL for this year?	No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members	$0
Section 162(e) lobbying and political expenditures	$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices	$0
Taxable amount of lobbying and political expenditures	$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions	$0
Gross receipts for public use of club facilities	$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?	No
Amount of tax imposed on the organization during the year under: section 4911	$0
Amount of tax imposed on the organization during the year under: section 4912	$0
Amount of tax imposed on the organization during the year under: section 4955	$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?	No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958	$0
Amount of tax above, reimbursed by the organization	$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?	No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?	No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?	No
Number of employees employed in the pay period that includes March 12, 2006	8

	Unrelated business income		Excluded by section 512, 513, or 514		Related or exempt function income
Analysis of Income-Producing Activities (for 2007)
	Business code	Amount	Exclusion code	Amount	Related or exempt function income
Total		$0		$26,964	$1,040,587
Program service revenue
Program service revenue 1	000000	$0	00	$0	$1,033,688
Program service revenue 2	000000	$0	00	$0	$0
Program service revenue 3	000000	$0	00	$0	$0
Program service revenue 4	000000	$0	00	$0	$0
Program service revenue 5	000000	$0	00	$0	$0
Medicare/Medicaid payments	000000	$0	00	$0	$0
Fees and contracts from government agencies	000000	$0	00	$0	$0
Membership dues and assessments	000000	$0	00	$0	$0
Interest on savings and temporary cash investments	000000	$0	Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)	$26,964	$0
Dividends and interest from securities	000000	$0	00	$0	$0
Net rental income or (loss) from real estate
debt-financed property	000000	$0	00	$0	$0
not debt-financed property	000000	$0	00	$0	$0
Net rental income or (loss) from personal property	000000	$0	00	$0	$0
Other investment income	000000	$0	00	$0	$0
Gain or (loss) from sales of assets other than inventory	000000	$0	00	$0	$0
Net income or (loss) from special events	000000	$0	00	$0	$0
Gross profit or (loss) from sales of inventory	000000	$0	00	$0	$0
Other revenue	000000	$0	00	$0	$6,899

EIN of corporation, partnership, or disregarded entity	Percentage of ownership interest	Total income	End-of-year assets
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0
	0%	$0	$0

Compensation	Contributions to employee benefit plans & deferred compensation	Expense account and other allowances
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0
$0	$0	$0

Total number of other employees paid over $50,000	0

Total number of other employees paid over $50,000

Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities	$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?	No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?	No
Did the organization maintain any donor advised funds?	No
Did the organization make any taxable distributions under section 4966?	No
Did the organization make a distribution to a donor, donor advisor, or related person?	No
The total number of donor advised funds owned at the end of the tax year	$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year	$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts	$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year	$0

Reason for Non-Private Foundation Status
The organization is not a private foundation because it is	Organization that normally receives: less than 1/3 of its support from gross investment income and unrelated taxable business income and more than 1/3 of its support from contribution, membership fees

	1999	2000	2001	2003	2004	2005	2006
Support Schedule
Total	$886,622	$886,924	$853,646	$232,897	$999,324	$1,005,460	$1,032,283
Gifts, grants, and contributions received	$0	$0	$0	$0	$0	$0	$0
Membership fees received	$0	$0	$0	$0	$0	$0	$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose	$836,557	$838,456	$837,778	$220,986	$950,618	$968,236	$994,432
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975	$46,675	$43,444	$11,505	$11,133	$36,796	$30,778	$31,150
Net income from unrelated business activities not included above	$0	$0	$0	$0	$0	$0	$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf	$0	$0	$0	$0	$0	$0	$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge	$0	$0	$0	$0	$0	$0	$0
Other income	$3,390	$5,024	$4,363	$778	$11,910	$6,446	$6,701

Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures	$0
Total lobbying expenditures	$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)	$0
Total lobbying expenditures to influence a legislative body (direct lobbying)	$0
Other exempt purpose expenditures	$0
Lobbying nontaxable amount	$0
Grassroots nontaxable amount	$0

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Id	Name	Address	State	Established	Total Income
Organizations performing similar types of work
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

Alaska	2
Alabama	2
Arkansas	9
Arizona	8
California	114
Colorado	16
Connecticut	18
District of Columbia	3
Delaware	5
Florida	41
Georgia	22
Hawaii	2
Iowa	7
Idaho	2
Illinois	33
Indiana	13
Kansas	4
Kentucky	12
Louisiana	13
Massachusetts	39
Maryland	21
Maine	7
Michigan	31
Minnesota	30
Missouri	12
Mississippi	3

Montana	3
North Carolina	23
North Dakota	1
Nebraska	3
New Hampshire	7
New Jersey	14
New Mexico	3
Nevada	6
New York	110
Ohio	32
Oklahoma	2
Oregon	11
Pennsylvania	33
Rhode Island	6
South Carolina	4
South Dakota	2
Tennessee	22
Texas	44
Utah	6
Virginia	25
Vermont	8
Washington	15
Wisconsin	17
West Virginia	7
International	2

Total

875

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