Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2024
Open to Public Inspection
For calendar year 2024, or tax year beginning 01-01-2024 , and ending 12-31-2024
Name of foundation
HISTORIC BOSTON INCORPORATED
 
Number and street (or P.O. box number if mail is not delivered to street address)3 SCHOOL STREET
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BOSTON, MA02108
A Employer identification number

04-6111819
B Telephone number (see instructions)

(617) 442-1859
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$10,437,554J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 100,220
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 57,575 57,575 57,575
5a Gross rents............ 1,324,462 1,324,462 1,324,462
b Net rental income or (loss) 313,967
6a Net gain or (loss) from sale of assets not on line 10 32,795
b Gross sales price for all assets on line 6a 292,894
7 Capital gain net income (from Part IV, line 2)... 32,795
8 Net short-term capital gain......... 32,795
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
39,818 0 39,818
12 Total. Add lines 1 through 11........ 1,554,870 1,414,832 1,454,650
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 174,138 0 115,208 58,930
14 Other employee salaries and wages...... 341,234 116,644 225,756 115,478
15 Pension plans, employee benefits....... 41,628 10,646 28,788 12,840
16a Legal fees (attach schedule)......... Click to see attachment
List of Attached Documents:
// Content
25,360 3,150 25,360 0
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
325,076 89,734 325,076 0
c Other professional fees (attach schedule).... Click to see attachment
List of Attached Documents:
// Content
89,592 12,595 89,592 0
17 Interest............... 117,396 109,412 117,396 0
18 Taxes (attach schedule) (see instructions)... Click to see attachment
List of Attached Documents:
// Content
247,927 219,084 245,003 11,559
19 Depreciation (attach schedule) and depletion... 138,401 137,597 138,401
20 Occupancy.............. 247,442 244,877 247,442 0
21 Travel, conferences, and meetings....... 18,776 0 3,174 15,602
22 Printing and publications.......... 5,647 246 923 4,724
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
135,729 66,510 102,028 33,701
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 1,908,346 1,010,495 1,664,147 252,834
25 Contributions, gifts, grants paid....... 0 0
26 Total expenses and disbursements. Add lines 24 and 25 1,908,346 1,010,495 1,664,147 252,834
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -353,476
b Net investment income (if negative, enter -0-) 404,337
c Adjusted net income (if negative, enter -0-)... 0
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2024)
Form 990-PF (2024)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 377,137 285,416 285,416
2 Savings and temporary cash investments......... 204,045 591,098 591,098
3 Accounts receivable right arrow173,669
Less: allowance for doubtful accounts right arrow   205,945 173,669 173,669
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow5,246,492
Less: allowance for doubtful accounts right arrow4,476,350 1,971,809 770,142 770,142
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 112,755 31,341 31,341
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 179,726 Click to see attachment
List of Attached Documents:
// Content
187,313 		187,313
c Investments—corporate bonds (attach schedule)....... 314,173 Click to see attachment
List of Attached Documents:
// Content
386,080 		386,080
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 43,465 Click to see attachment
List of Attached Documents:
// Content
7,984 		7,984
14 Land, buildings, and equipment: basis right arrow7,574,964
Less: accumulated depreciation (attach schedule) right arrow2,898,324 4,473,216 Click to see attachment
List of Attached Documents:
// Content
4,676,640 		4,676,640
15 Other assets (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
3,224,023 		Click to see attachment
List of Attached Documents:
// Content
3,327,871 		Click to see attachment
List of Attached Documents:
// Content
3,327,871
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,106,294 10,437,554 10,437,554
Liabilities 17 Accounts payable and accrued expenses.......... 383,575 390,651
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)...... 1,223,625 2,508,433
22 Other liabilities (describe right arrow) Click to see attachment
List of Attached Documents:
// Content
1,978,748 		Click to see attachment
List of Attached Documents:
// Content
690,207
23 Total liabilities (add lines 17 through 22)......... 3,585,948 3,589,291
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 7,170,346 6,498,263
25 Net assets with donor restrictions............ 350,000 350,000
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 7,520,346 6,848,263
30 Total liabilities and net assets/fund balances (see instructions). 11,106,294 10,437,554
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
7,520,346
2
Enter amount from Part I, line 27a .....................
2
-353,476
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
185,306
4
Add lines 1, 2, and 3 ..........................
4
7,352,176
5
Decreases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
5
503,913
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
6,848,263
Form 990-PF (2024)
Form 990-PF (2024)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a VARIOUS SALES OF INVESTMENTS P    
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 292,894   260,099 32,795
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       32,795
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 32,795
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 32,795
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter: 1984-06-24(attach copy of letter if necessary–see instructions) 1 N/A
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3  
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 0
6 Credits/Payments:
a 2024 estimated tax payments and 2023 overpayment credited to 2024 6a 0
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld .......... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 0
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9 0
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10  
11 Enter the amount of line 10 to be: Credited to 2025 estimated taxright arrow   Refundedright arrow 11  
Form 990-PF (2024)
Form 990-PF (2024)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$ 0(2) On foundation managers.right arrow$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowMA
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
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 2024 or the taxable year beginning in 2024? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
Yes
 
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
Yes
 
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowWWW.HISTORICBOSTON.ORG
14
The books are in care ofright arrowDR REBECCA KEMPER Telephone no.right arrow (617) 442-1859

Located atright arrow3 SCHOOL STREETBOSTONMA ZIP+4right arrow02108
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2024, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2024)
Form 990-PF (2024)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
Yes
 
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2024? .............
1d
 
No
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2024, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2024?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2024 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2024.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2024? ..
4b
 
No
Form 990-PF (2024)
Form 990-PF (2024)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
Yes
 
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
Yes
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
Yes
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
List of Attached Documents:
// Content
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
STACY THOMPSON EXECUTIVE DIRECTOR (AS OF 12/2024)
35.00 		0 0 0
3 SCHOOL STREET
BOSTON,MA02108
KATHY KOTTARIDIS EXECUTIVE DIRECTOR (UNTIL 11/2024)
35.00 		157,630 16,508 0
3 SCHOOL STREET
BOSTON,MA02108
MICHAEL DURAND PRESIDENT
1.00 		0 0 0
3 SCHOOL STREET
BOSTON,MA02108
PAUL MCDONOUGH PRESIDENT EMERITUS
1.00 		0 0 0
3 SCHOOL STREET
BOSTON,MA02108
SAMMY NABULSI TREASURER
1.00 		0 0 0
3 SCHOOL STREET
BOSTON,MA02108
JAMES LABECK CLERK
1.00 		0 0 0
3 SCHOOL STREET
BOSTON,MA02108
FELICIA JACQUES DIRECTOR
1.00 		0 0 0
3 SCHOOL STREET
BOSTON,MA02108
EMILY AXELROD DIRECTOR
1.00 		0 0 0
3 SCHOOL STREET
BOSTON,MA02108
DAVID BLACK DIRECTOR
1.00 		0 0 0
3 SCHOOL STREET
BOSTON,MA02108
KARILYN CROCKETT DIRECTOR
1.00 		0 0 0
3 SCHOOL STREET
BOSTON,MA02108
BRIAN AWE DIRECTOR
1.00 		0 0 0
3 SCHOOL STREET
BOSTON,MA02108
HENRY MOSS DIRECTOR
1.00 		0 0 0
3 SCHOOL STREET
BOSTON,MA02108
JULIE PAUL BROWN DIRECTOR
1.00 		0 0 0
3 SCHOOL STREET
BOSTON,MA02108
DAKOTA JONES DIRECTOR
1.00 		0 0 0
3 SCHOOL STREET
BOSTON,MA02108
CHRISTOPHER SCOVILLE DIRECTOR
1.00 		0 0 0
3 SCHOOL STREET
BOSTON,MA02108
ANDY FELIX DIRECTOR
1.00 		0 0 0
3 SCHOOL STREET
BOSTON,MA02108
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
LISA LEWIS PROJECT DIRECTOR
35.00 		128,590 15,580 0
3 SCHOOL STREET
BOSTON,MA02108
ANTONIO LOPES RE DEV. DIRECTOR
35.00 		133,963 5,254 0
3 SCHOOL STREET
BOSTON,MA02108
ERIKA TAUER OFFICE MANAGER
35.00 		65,299 1,896 0
3 SCHOOL STREET
BOSTON,MA02108
Total number of other employees paid over $50,000...................right arrow 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
CLIFTONLARSONALLEN LLP ACCOUNTING/PAYROLL SERVICES 271,731
220 S 6TH STREET SUITE 300
MINNEAPOLIS,MN55402
MASS DESIGN GROUP LTD ARCHITECTURAL DESIGN AND FEASIBILITY STUDY 267,928
1 CHANDLER STREET
BOSTON,MA02116
AAFCPAS INC AUDIT & TAX SERVICES 94,500
50 WASHINGTON STREET
WESTBOROUGH,MA01581
Total number of others receiving over $50,000 for professional services.............right arrow0
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1 RENTAL: RENTAL PROPERTY CONSISTS OF THREE HISTORIC PROPERTIES, ALL REDEVELOPED BY HBI. THE OLD CORNER BOOKSTORE, IS A COMMERICAL BUILDING ON THE OFFICIAL FREEDOM TRAIL SITE IN DOWNTOWN BOSTON WITH RETAIL AND OFFICE SPACE. THE VERTULLO BUILDING, THE OLDEST AND ONLY SURVIVING WOODEN COMMERICAL BUILDING IN THE CLARY AND LOCAN SQUARES COMMERICAL DISTRICT OF HYDE PARK, CONTAINS FIVE SMALL BUSINESSES AND FOUR UPPER STORY RESIDENTIAL UNITS. THE EUSTIS FIREHOUSE BUILDING, THE OLDEST REMAINING FIREHOUSE IN BOSTON, BUILT IN 1859, IS OPERATED AS COMMERCIAL OFFICE SPACE. 1,010,495
2 REAL ESTATE DEVELOPMENT: REPRESENTS HBI'S EFFORTS TO REDEVELOP AND REHABILITATE AT-RISK HISTORIC PROPERTIES. A PROJECT MAY BE UNDER REVIEW, WITH UNDERWRITING AND PRE-DEVELOPMENT ACTIVITY IN PROCESS FOR ONE OR SEVERAL YEARS, IN ORDER TO PLAN ITS REDEVELOPMENT OR TO CONCLUDE IT IS NOT FEASIBLE. WHEN A PROJECT IS READY FOR REDEVELOPMENT, HBI ARRANGES FINANCING, INVESTMENT AND PRIVATE OR PUBLIC FUNDING AS APPROPRIATE FOR THE PROPERTY TO CARRY OUT THE PLAN. 462,425
3 EASEMENT MONITORING: DESIGNED TO PROTECT SIGNIFICANT RESOURCES IN PERPETUITY FROM UNSYMPATHETIC OR INAPPROPRIATE EXTERIOR OR INTERIOR ALTERATIONS, NEGLECT, OR DEMOLITION BY MEANS OF PRESERVATION RESTRICTION AGREEMENTS. 46,926
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow0
Form 990-PF (2024)
Form 990-PF (2024)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
583,402
b
Average of monthly cash balances.......................
1b
1,017,285
c
Fair market value of all other assets (see instructions)................
1c
205,010
d
Total (add lines 1a, b, and c).........................
1d
1,805,697
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
0
2
Acquisition indebtedness applicable to line 1 assets..................
2
0
3
Subtract line 2 from line 1d.........................
3
1,805,697
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
27,085
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
1,778,612
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
88,931
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
 
2a
Tax on investment income for 2024 from Part V, line 5 .......
2a
 
b
Income tax for 2024. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
 
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
 
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
 
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
 
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
252,834
b
Program-related investments—total from Part VIII-B..................
1b
0
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
252,834
Form 990-PF (2024)
Form 990-PF (2024)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2023 		(c)
2023 		(d)
2024
1 Distributable amount for 2024 from Part X, line 7  
2 Undistributed income, if any, as of the end of 2024:
a Enter amount for 2023 only.......  
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2024:
a From 2019......  
b From 2020......  
c From 2021......  
d From 2022......  
e From 2023......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2024 from Part
XI, line 4: right arrow$  
a Applied to 2023, but not more than line 2a  
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2024 distributable amount.....  
e Remaining amount distributed out of corpus  
5 Excess distributions carryover applied to 2024.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2023. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2024. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2025 .......... 		 
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2019 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2025.
Subtract lines 7 and 8 from line 6a ...... 		 
10 Analysis of line 9:
a Excess from 2020....  
b Excess from 2021....  
c Excess from 2022....  
d Excess from 2023....  
e Excess from 2024....  
Form 990-PF (2024)
Form 990-PF (2024)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2024, enter the date of the ruling ...... right arrow
1984-06-24
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2024 (b) 2023 (c) 2022 (d) 2021
0 0 74,403 0 74,403
b 85% (0.85) of line 2a ......... 0 0 63,243 0 63,243
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		252,834 183,345 1,981,224 478,570 2,895,973
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		0 0 0 0 0
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		252,834 183,345 1,981,224 478,570 2,895,973
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......         0
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		         0
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		59,287 45,227 49,602 52,661 206,777
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		        0
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		        0
(3) Largest amount of support
from an exempt organization		         0
(4) Gross investment income         0
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow if the foundation only makes contributions to preselected charitable organizations and does not accept
unsolicited requests for funds. If the foundation makes gifts, grants, etc. to individuals or organizations under
other conditions, complete items 2a, b, c, and d. See instructions
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2024)
Form 990-PF (2024)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year
Total .................................right arrow 3a 0
bApproved for future payment
Total ................................. right arrow 3b 0
Form 990-PF (2024)
Form 990-PF (2024)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 57,575  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....     16 313,967  
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    01 32,795  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue:
aMISCELLANEOUS REVENUE 		        39,818
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) .. 0 404,337 39,818
13Total. Add line 12, columns (b), (d), and (e)..................
13
444,155
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
11B MISCELLANEOUS INCOME REPRESENTS INCOME EARNED IN CARRYING OUT HBI'S MISSION AND EXEMPT PURPOSE.
Form 990-PF (2024)
Form 990-PF (2024)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name Right Arrow
 Firm's EIN Right Arrow
Firm's address Right Arrow


 Phone no.
Form 990-PF (2024)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description
Schedule B
(Form 990)
(Rev. January 2025)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors

right arrow Attach to Form 990, 990-EZ, or 990-PF.
right arrow Go to www.irs.gov/Form990 for the latest information.
OMB No. 1545-0047
Name of the organization
HISTORIC BOSTON INCORPORATED
 
Employer identification number

04-6111819
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ
501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization


Form 990-PF
501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation
Check if your organization is covered by the General Rule or a Special Rule.  
Note:  Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule
For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.
Special Rules
For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 331/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.
For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Don't complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Right Arrow $  
Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025) Page 2
Name of organization
HISTORIC BOSTON INCORPORATED
  		Employer identification number
04-6111819
Part I
Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
1
LYNNE SPENCER
 
15 TRIMOUNTAIN ROAD
 
NAHANT, MA01908

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
2
MR & MRS AMOS B HOSTETTER R TRUST
 
PILOT HOUSE ASSOCIATES LLC 2 ATLANT
 
BOSTON, MA02110

$ 15,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
3
ELIZABETH B JOHNSON FUND
 
7 WATER STREET
 
BOSTON, MA02109

$ 10,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
4
MACNEIL FAMILY CHARITABLE TRUST
 
129 CLUBHOUSE LANE
 
NORTHBRIDGE, MA01534

$ 12,000


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
5
MARY HOWLAND-SMOYER
 
111 PERKINS STREET
 
JAMAICA PLAIN, MA02130

$ 5,576


(Complete Part II for noncash contributions.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Total contributions		 (d)
Type of contribution
 
 
 
 

$  


(Complete Part II for noncash contributions.)
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 3
Name of organization
HISTORIC BOSTON INCORPORATED
  		Employer identification number

04-6111819
Part II
Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
(a)
No. from Part I 		(b)
Description of noncash property given 		(c)
FMV (or estimate)
(See instructions) 		(d)
Date received
 
$    
Schedule B (Form 990) (Rev. 1-2025)
Schedule B (Form 990) (Rev. 1-2025)
Page 4
Name of organization
HISTORIC BOSTON INCORPORATED
  		Employer identification number

04-6111819
Part III
Exclusively religious, charitable, etc., contributions to organizations described in section 501(c) (7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $  
Use duplicate copies of Part III if additional space is needed.
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
(a)
No. from Part I		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
 
(e) Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
     
 
Schedule B (Form 990) (Rev. 1-2025)
Additional Data


Software ID:  
Software Version:  

TY 2024 AccountingFeesSchedule
Name:
HISTORIC BOSTON INCORPORATED
EIN:
04-6111819
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
ACCOUNTING SERVICES 235,342 0 235,342 0
ACCOUNTING FEES 89,734 89,734 89,734 0

Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

TY 2024 ExpenditureResponsibilityStmt
Name:
HISTORIC BOSTON INCORPORATED
EIN:
04-6111819
Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
KITTREDGE LLC
  		3 SCHOOL STREET
BOSTON,MA02108 		2022-01-31 486,608 HBI PROVIDED A LOAN TO KITTREDGE LLC TO PAY OFF ITS EXISTING LOAN WITH A BANK WHICH WAS DUE. THE LOAN'S OUTSTANDING BALANCE AT 12/31/24 WAS $450,932. CONSISTENT WITH HBI'S MISSION, THE PURPOSE OF THIS PROGRAM RELATED INVESTMENT IS TO RESTORE AND PRESERVE A HISTORIC PROPERTY. 486,608 NONE NOTED 12/31/23, 12/31/24   AS PART OF THEIR EXPENDITURE RESPONSIBILITY PROCESS, HBI VERIFIED THE FOLLOWING: 1. THE INVESTMENT WAS USED TO PAY OFF THE PERMANENT LOAN ON KITTREDGE LLC'S PROPERTY. 2. HBI RECEIVED BACK UP DOCUMENTATION FOR THE LOAN PAYOFF. HBI RECEIVES INTERNAL FINANCIAL STATEMENTS AND TAX FILINGS ANNUALLY. 3. THE GRANTEE HAS KEPT ADEQUATE BOOKS AND RECORDS AND MADE THEM AVAILABLE TO HBI THROUGHOUT THE YEAR. THE BOOKS AND RECORDS OF KITTREDGE LLC WERE AUDITED BY AN INDEPENDENT AUDITOR AND INCLUDED IN HBI'S FINANCIAL STATEMENTS AND THUS, HBI IS REASONABLY ASSURED THE MONIES WERE USED FOR ITS INTENDED PURPOSE. 4. THE EXPENDITURES MADE WITH THIS FUNDING DO NOT RELATE TO CARRYING ON PROPAGANDA, INFLUENCE LEGISLATION, OR INFLUENCE THE OUTCOME OF ANY PUBLIC ELECTIONS OR TO CARRY ON VOTER REGISTRATION DRIVES.

TY 2024 InvestmentsCorpBondsSchedule
Name:
HISTORIC BOSTON INCORPORATED
EIN:
04-6111819
Name of Bond End of Year Book Value End of Year Fair Market Value
BONDS 386,080 386,080

TY 2024 InvestmentsCorpStockSchedule
Name:
HISTORIC BOSTON INCORPORATED
EIN:
04-6111819
Name of Stock End of Year Book Value End of Year Fair Market Value
EQUITIES 187,313 187,313

TY 2024 InvestmentsOtherSchedule2
Name:
HISTORIC BOSTON INCORPORATED
EIN:
04-6111819
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
OTHER FMV 7,984 7,984

TY 2024 LandEtcSchedule2
Name:
HISTORIC BOSTON INCORPORATED
EIN:
04-6111819
Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
LAND 212,688 0 212,688 212,688
BUILDINGS AND IMPROVEMENTS 6,054,456 2,875,126 3,179,330 3,179,330
PROJECTS UNDER DEVELOPMENT 1,257,985 0 1,257,985 1,257,985
FURNITURE AND EQUIPMENT 49,835 23,198 26,637 26,637


TY 2024 LegalFeesSchedule
Name:
HISTORIC BOSTON INCORPORATED
EIN:
04-6111819
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
LEGAL FEES 22,210 0 22,210 0
LEGAL FEES 3,150 3,150 3,150 0


TY 2024 OtherAssetsSchedule
Name:
HISTORIC BOSTON INCORPORATED
EIN:
04-6111819
Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
DEFERRED LEASING COSTS, NET 109,547 92,402 92,402
DUE FROM AFFILIATES 718,921 753,591 753,591
INVESTMENT IN AFFILIATE 818,556 545,776 545,776
SECURITY DEPOSITS 104,526 112,049 112,049
PROJECT MANAGEMENT FEE RECEIVABLE, NET 902,473 1,213,983 1,213,983
DEFERRED RENT RECEIVABLE 335,938 382,440 382,440
RIGHT-OF-USE ASSET 234,062 227,630 227,630


TY 2024 OtherDecreasesSchedule
Name:
HISTORIC BOSTON INCORPORATED
EIN:
04-6111819
Description Amount
NET PROVISION FOR NOTES AND PROJECT MANAGEMENT FEE AND INTEREST RECEIVABLE 491,429
FORGIVENESS OF DEBT 12,484


TY 2024 OtherExpensesSchedule
Name:
HISTORIC BOSTON INCORPORATED
EIN:
04-6111819
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PROGRAM ACTIVITIES 10,893 0 10,893 0
MISCELLANEOUS 18,067 0 5,690 12,377
OFFICE EQUIPMENT AND SUPPLIES 32,618 0 13,502 19,116
COMMUNICATIONS 7,641 0 5,433 2,208
COMMUNICATIONS 1,662 1,662 1,662 0
OFFICE EQUIPMENT AND SUPPLIES 5,772 5,772 5,772 0
MISCELLANEOUS 1,993 1,993 1,993 0
BAD DEBT 21,950 21,950 21,950 0
AMORTIZATION 35,133 35,133 35,133 0


TY 2024 OtherIncomeSchedule2
Name:
HISTORIC BOSTON INCORPORATED
EIN:
04-6111819
Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
MISCELLANEOUS REVENUE 39,818   39,818


TY 2024 OtherIncreasesSchedule
Name:
HISTORIC BOSTON INCORPORATED
EIN:
04-6111819
Description Amount
UNREALIZED GAIN ON INVESTMENTS 11,773
RECOVERY OF INVESTMENTS IN AFFILIATES 173,533


TY 2024 OtherLiabilitiesSchedule
Name:
HISTORIC BOSTON INCORPORATED
EIN:
04-6111819
Description Beginning of Year - Book Value End of Year - Book Value
SECURITY DEPOSITS 98,380 112,049
LINE OF CREDIT 1,459,148 0
OPERATING LEASE LIABILITY 421,220 428,158
CONDITIONAL ADVANCE 0 150,000


TY 2024 OtherProfessionalFeesSchedule
Name:
HISTORIC BOSTON INCORPORATED
EIN:
04-6111819
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL SERVICE FEES 395 0 395 0
OTHER FEES 72,271 0 72,271 0
INVESTMENT FEES 4,331 0 4,331 0
PROPERTY MANAGEMENT FEES 6,308 6,308 6,308 0
CONTRACTED SERVICES 6,287 6,287 6,287 0


TY 2024 TaxesSchedule
Name:
HISTORIC BOSTON INCORPORATED
EIN:
04-6111819
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
PAYROLL TAXES 28,843 0 25,919 11,559
PAYROLL TAXES 8,635 8,635 8,635 0
REAL ESTATE TAXES 210,449 210,449 210,449 0