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Nonprofit · EIN 27-1619580

1060 BELMONT INC

Tax-exempt · NEWTON, MA 02458

Financials

$579K$482K2023$604K$456K2024
Revenue Expenses · by fiscal year end
Financials of 1060 BELMONT INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$604,244$455,583$148,661$3,797,813$2,594,764$1,203,049
December 31, 2023990$579,338$481,510$97,828$3,721,151$2,666,763$1,054,388
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$401,678
of which government grants
$401,678
Program service revenue
$202,391
Investment income
$132
Other revenue
$43

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$3,666
Accounting fees
$2,993
Occupancy
$194,174
Depreciation
$128,025
Program services (functional)
$435,895
Management and general (functional)
$19,688

Balance sheet and other

Total assets, start of year
$3,721,151
Total assets, end of year
$3,797,813
Total liabilities, end of year
$2,594,764
Net assets, end of year
$1,203,049
Land, buildings and equipment
$3,541,293
Net assets without donor restrictions
$1,203,049
Gross receipts
$604,244
Employees
0
Volunteers
11
Year formed
2009
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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
CAITLIN MADDENEXECUTIVE DIRECTOR
Officer
1$0$148,118$4,901
PAUL BOUTONPRESIDENT
Trustee or director, Officer
0.3$0$0$0
CRISTINA AYALAVICE PRESIDENT
Trustee or director, Officer
0.3$0$0$0
MICHAEL SHERMANTREASURER
Trustee or director, Officer
0.3$0$0$0
ROBERT FLACKSECRETARY (OUTGOING)
Trustee or director, Officer
0.3$0$0$0
MARIA EUGENIA CHAPARRODIRECTOR (OUTGOING)
Trustee or director
0.3$0$0$0
MARY CORTHELLDIRECTOR
Trustee or director
0.3$0$0$0
DORENA WONG-DELEONDIRECTOR
Trustee or director
0.3$0$0$0
KALYANI DEVAJYOTIDIRECTOR
Trustee or director
0.3$0$0$0
PAULA DICKERMANDIRECTOR
Trustee or director
0.3$0$0$0
THELMA TITUSDIRECTOR
Trustee or director
0.3$0$0$0
MELINDA WALKERDIRECTOR
Trustee or director
0.3$0$0$0
OLGA YASINNIKCLERK
Trustee or director, Officer
0.3$0$0$0
MICHELLE THOMASDIRECTOR
Trustee or director
0.3$0$0$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
CAITLIN MADDENEXECUTIVE DIRECTOR
Officer
1$0$143,383$6,298
PAUL BOUTONPRESIDENT
Trustee or director, Officer
0.3$0$0$0
CRISTINA AYALAVICE PRESIDENT
Trustee or director, Officer
0.3$0$0$0
MICHAEL SHERMANTREASURER
Trustee or director, Officer
0.3$0$0$0
ROBERT FLACKSECRETARY
Trustee or director, Officer
0.3$0$0$0
MARIA EUGENIA CHAPARRODIRECTOR
Trustee or director
0.3$0$0$0
MARY CORTHELLDIRECTOR
Trustee or director
0.3$0$0$0
DORENA WONG-DELEONDIRECTOR
Trustee or director
0.3$0$0$0
KALYANI DEVAJYOTIDIRECTOR
Trustee or director
0.3$0$0$0
PAULA DICKERMANDIRECTOR
Trustee or director
0.3$0$0$0
THELMA TITUSDIRECTOR
Trustee or director
0.3$0$0$0
MELINDA WALKERDIRECTOR
Trustee or director
0.3$0$0$0
OLGA YASINNIKDIRECTOR
Trustee or director
0.3$0$0$0

Address and contacts

Address (IRS master file)
79B CHAPEL ST, NEWTON, MA 02458-1010
In care of
% WATERTOWN COMMUNITY HOUSING
Mailing address (990-N for 2009)
63 Mt Auburn Street, Watertown MA 02472
Principal officer (990 for 2024)
CAITLIN MADDEN, 79-B CHAPEL STREET, NEWTON, MA 02458
Principal officer (990-N for 2009)
Jennifer Van Campen, 63 Mt Auburn Street, Watertown MA 02472
Signed the 990
CAITLIN MADDEN, EXECUTIVE DIRECTOR
Phone
(617) 923-3505
Return prepared by
COHNREZNICK ADVISORY LLC

Mission

TO PROVIDE FAMILIES AND PERSONS OF LOW-INCOME WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO PROMOTE THEIR HEALTH, PHYSICAL AND SOCIAL WELL BEING.

990 for the year ended December 31, 2024

Program accomplishments

  • 1060 BELMONT, INC. OWNS 18 RENTAL UNITS, WHICH ARE LEASED TO 18 LOW-INCOME FAMILIES. IT IS THE ONLY ACTIVITY OF THE CORPORATION.
    Expenses $435,895 · revenue $202,434

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
27-1619580
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
2010
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,797,813
Income (IRS master file)
$604,244

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$604,244$455,583$3,797,813XML
990December 2023$579,338$481,510$3,721,151XML
990December 2022$459,413$417,471$3,849,866IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990-N for 2009
Officer: Jennifer Van Campen
December 31, 2009≤ $50,000 receipts––e-Postcard

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 27-1619580).

Questions about 1060 BELMONT INC

What is the EIN of 1060 BELMONT INC?
The employer identification number (EIN) of 1060 BELMONT INC is 27-1619580.
Is 1060 BELMONT INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2010.
Are donations to 1060 BELMONT INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does 1060 BELMONT 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 1060 BELMONT 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 1060 BELMONT 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 1060 BELMONT INC?
The 990 for the year ended December 31, 2024 names CAITLIN MADDEN.
Who are the officers and directors of 1060 BELMONT INC?
The 990 for the year ended December 31, 2024 lists 14 people; 0 received compensation from the organization.
How much revenue does 1060 BELMONT INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $604,244, expenses of $455,583 and total assets of $3,797,813 at year end.

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