Nonprofit · EIN 04-2888689
LEXINGTON HOUSING ASSISTANCE BOARD INC
Tax-exempt · LEXINGTON, MA 02420
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $809,892 | $646,509 | $163,383 | $22,882,005 | $942,237 | $21,939,768 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $405,774
- of which government grants
- $310,822
- Program service revenue
- $380,836
- Investment income
- $23,282
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $36,023
- Other salaries and wages
- $58,816
- Salaries, compensation and benefits (total)
- $111,900
- Professional fundraising fees
- $0
- Legal fees
- $6,334
- Accounting fees
- $13,685
- Occupancy
- $265,642
- Depreciation
- $127,088
- Program services (functional)
- $583,115
- Management and general (functional)
- $63,394
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $22,882,005
- Total liabilities, end of year
- $942,237
- Net assets, end of year
- $21,939,768
- Land, buildings and equipment
- $21,101,250
- Net assets without donor restrictions
- $21,939,768
- Gross receipts
- $812,726
- Employees
- 4
- Volunteers
- 10
- Year formed
- 1983
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SARAH MORRISON | EXECUTIVE DIRECTOR Officer | 28 | $31,223 | $4,800 |
| ROBERT BURBRIDGE | PRES., CHAIR, & DIR. Trustee or director, Officer | 2 | $0 | $0 |
| HENRY LIU | TREASURER & DIR. Trustee or director, Officer | 3 | $0 | $0 |
| TARA MIZRAHI | CLERK & DIR. Trustee or director, Officer | 2 | $0 | $0 |
| LESTER SAVAGE | VICE CHAIR & DIR. Trustee or director, Officer | 5 | $0 | $0 |
| JONATHAN SILVERSTEIN | ASS'T CLERK & DIR. Trustee or director, Officer | 1 | $0 | $0 |
| ERIC BROWN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| THOMAS DONAHUE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RUSSELL TANNER | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1620 MASSACHUSETTS AVE STE 4, LEXINGTON, MA 02420-3826
- Principal officer (990 for 2024)
- SARAH MORRISON, 1620 MASSACHUSETTS AVE 4, LEXINGTON, MA 02420
- Signed the 990
- SARAH MORRISON, EXECUTIVE DIRECTOR
- Phone
- (781) 863-5362
- Website
- WWW.LEXHAB.ORG
- Return prepared by
- CBIZ ADVISORS LLC
Mission
LEXHAB WAS ESTABLISHED BY AN ACT OF THE COMMONWEALTH OF MASSACHUSETTS TO INVESTIGATE AND IMPLEMENT ALTERNATIVES FOR PROVIDING AFFORDABLE HOUSING IN LEXINGTON, MA FOR PERSONS OF LOW, MODERATE, AND MIDDLE INCOME. LEXHAB'S MISSION IS TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME INDIVIDUALS IN LEXINGTON, MA.
Program accomplishments
- PROVIDE AFFORDABLE HOUSING UNITS - ESTABLISHED IN 1983, LEXHAB'S MISSION IS TO PROVIDE AND IMPLEMENT ALTERNATIVES FOR THE PROVISION OF AFFORDABLE, SAFE AND COMFORTABLE HOUSING FOR LOW AND MODERATE INCOME HOUSEHOLDS. OVER THE YEARS, LEXHAB HAS ACQUIRED OR DEVELOPED 85 HOUSING UNITS RANGING FROM SINGLE FAMILY HOMES TO APARTMENTS AND DUPLEXES- AS SMALL AS ONE BEDROOM AND AS LARGE AS FOUR BEDROOMS. LEXHAB IS ACTIVELY WORKING TO GROW THIS PORTFOLIO THROUGH PURCHASE, CONSTRUCTION AND DONATION.Expenses $583,115 · revenue $380,836
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 04-2888689
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $22,882,005
- Income (IRS master file)
- $812,726
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $809,892 | $646,509 | $22,882,005 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2888689).
Questions about LEXINGTON HOUSING ASSISTANCE BOARD INC
- What is the EIN of LEXINGTON HOUSING ASSISTANCE BOARD INC?
- The employer identification number (EIN) of LEXINGTON HOUSING ASSISTANCE BOARD INC is 04-2888689.
- Is LEXINGTON HOUSING ASSISTANCE BOARD INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to LEXINGTON HOUSING ASSISTANCE BOARD INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LEXINGTON HOUSING ASSISTANCE BOARD INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LEXINGTON HOUSING ASSISTANCE BOARD INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LEXINGTON HOUSING ASSISTANCE BOARD INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LEXINGTON HOUSING ASSISTANCE BOARD INC?
- The 990 for the year ended December 31, 2024 names SARAH MORRISON.
- Who are the officers and directors of LEXINGTON HOUSING ASSISTANCE BOARD INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 1 received compensation from the organization, the highest $31,223 (SARAH MORRISON, EXECUTIVE DIRECTOR).
- How much revenue does LEXINGTON HOUSING ASSISTANCE BOARD INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $809,892, expenses of $646,509 and total assets of $22,882,005 at year end.
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