Hrca Brookline Housing 1550 Beacon Plaza Inc
Nonprofit profile at a glance
- EIN
- 010569403
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Boston, MA, USA
- Phone
- 6173258000
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Housing Rehabilitation
Reported finances
- Revenue
- $6,093,136
- Expenses
- $4,945,336
- Assets
- $20,180,295
- Liabilities
- $25,030,147
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- ADAM SCOTT (CEO (EFFECTIVE 06/2025))
- LOUIS J WOOLF (PRESIDENT AND CEO (THRU 7/2023, RETURNED 5/2024 TO 6/2025))
- JAMES BROWN (EXECUTIVE DIRECTOR OF CCB)
- KIMBERLY J BROOKS (EXECUTIVE VICE PRESIDENT, SENIOR LIVING)
- RACHEL LERNER ESQUIRE (CHIEF LEGAL OFFICER, EXECUTIVE DIRECTOR OF CP)
- JILL MACDONALD (ASSOCIATE EXECUTIVE DIRECTOR, CCB)
Highest reported compensation
- LOUIS J WOOLF (PRESIDENT AND CEO (THRU 7/2023, RETURNED 5/2024 TO 6/2025)): $1,170,292 total reported compensation
- STEVEN LANDERS (PRESIDENT AND CEO (7/2023 - 5/2024)): $1,092,867 total reported compensation
- KATELYN QUYNN (CHIEF DEV OFF & VP BOARD REL): $733,570 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To operate affordable, supportive residential housing for low-income seniors in an atmosphere that supports individuality and respect, fosters active and energetic lifestyles, encourages independence and self-fulfillment, and values volunteerism and participation.
What it reported doing in 2024
Located in the heart of one of the country's most senior-friendly cities, hrca brookline housing 1550 beacon plaza, inc. (dba the diane and mark goldman family residences) offers 175 senior apartments (60 percent are subsidized and 40 percent rent at marketrate). The community offers a wide range of programs, amenities, and support services. This includes a harvard medical school affiliated medical practice, fitness center, transportation, social workers, and much more. All apartments include 24-hour live-in maintenance staff and expansive views of boston's skyline. In addition, the housing complex is located in coolidge corner with easy access to nearby shopping centers, restaurants, and public transportation.
Operating model
- Revenue model
- Other-operating. 98% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 60
- Accountability: 60
- Sustainability: 61
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 65.2%; rating input score 65
- Program expense ratio: 79.4%; rating input score 79
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 17th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 40%; rating input score 40; 7th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 18.8%; rating input score 75; 75th percentile among comparable filings
- Total-asset coverage ratio: 4.08; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 1.24; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 20.5%; rating input score 12; 12th percentile among comparable filings
Growth
- Program expense growth: 5.6% per year; rating input score 100; 43rd percentile among comparable filings
- Revenue growth: 4.6% per year; rating input score 100; 38th percentile among comparable filings
- Asset growth: 1.6% per year; rating input score 100; 18th percentile among comparable filings
Details
- Where the money goes: 65.2% of revenue deployed · 79.4% of spending went to programs
- Governance: 2 of 5 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $3.9M in reported program spending
- Leadership: top reported pay $1.2M · 23 people listed · 0 of 6 pay-setting controls reported
- Consistency: 32 of 33 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Related organizations: 16 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Moderate — Accountability: Independent voting board scored 40/100.
- Review — Accountability: Governance controls: CEO compensation review process not reported.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- High — Sustainability: Officer compensation ratio scored 12/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.