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Nonprofiteer
← AMOSKEAG RESIDENCES INC

Form 990 for tax year 2022

Filed by AMOSKEAG RESIDENCES INC.

Totals

Total revenue
$221,619
Total expenses
$218,286
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$221,575
Investment income
$44
Other revenue
$0
Total assets, end of year
$414,677
Total liabilities, end of year
$136,871
Net assets or fund balances, end of year
$277,806
Program services expenses (Part IX)
$188,834
Management and general expenses
$29,452
Fundraising expenses
$0
Program service expenses (Part III)
$188,834

Program services were 86.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Rental income

    total $221,575 · related or exempt $221,575

  • 3 · Investment income

    total $44 · excluded $44

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $18,840 · management and general $18,840

  • 11g · Fees: other

    total $61,035 · program services $50,423 · management and general $10,612

  • 13 · Office expenses

    total $8,568 · program services $8,568

  • 16 · Occupancy

    total $33,986 · program services $33,986

  • 20 · Interest

    total $1,222 · program services $1,222

  • 22 · Depreciation, depletion and amortization

    total $14,632 · program services $14,632

  • 23 · Insurance

    total $5,508 · program services $5,508

  • 24a · Other expenses: Food and dining

    total $46,229 · program services $46,229

  • 24b · Other expenses: Residential services

    total $28,266 · program services $28,266

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $178,270 · end of year $229,918

  • 4 · Accounts receivable

    beginning of year $946

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,304 · end of year $19

  • 10a · Land, buildings and equipment: cost or other basis

    $817,766

  • 10b · Land, buildings and equipment: accumulated depreciation

    $633,026

  • 10c · Land, buildings and equipment, net

    beginning of year $143,822 · end of year $184,740

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,683 · end of year $4,683

  • 23 · Secured mortgages and notes payable

    beginning of year $42,959 · end of year $29,524

  • 25 · Other liabilities

    beginning of year $2,227 · end of year $102,664

  • 27 · Net assets without donor restrictions

    beginning of year $274,473 · end of year $277,806

Mission and programs · 2022

Mission

To provide elderly and handicapped persons in the community with housing facilities and services specifically designed to meet their physical, social, and psychological needs.

  • Rental of housing facilities and provisions of supervisory medical and support services to approximately 12 mentally ill individuals.

    Expenses $188,834 · Revenue $221,575

As filed on the 2022 return.

Listed in Part VII

  • Richard Cornell

    President & Chair

    Total calculated
    $170,438
    From this org
    $0
    From related orgs
    $132,018
    Other
    $38,420
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $118,765 related
    Bonus
    $0 + $12,250 related
    Other
    $0 + $1,003 related
    Deferred
    $0 + $6,745 related
    Nontaxable benefits
    $0 + $31,675 related
    Filer's total
    $0 + $170,438 related

  • Jonathan Routhier

    Vice President/COO

    Total calculated
    $153,200
    From this org
    $0
    From related orgs
    $122,452
    Other
    $30,748
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $110,995 related
    Bonus
    $0 + $11,250 related
    Other
    $0 + $207 related
    Deferred
    $0 + $6,332 related
    Nontaxable benefits
    $0 + $24,416 related
    Filer's total
    $0 + $153,200 related

  • Paul Michaud

    Treasurer/CFO (end 11/2023)

    Total calculated
    $170,322
    From this org
    $0
    From related orgs
    $148,074
    Other
    $22,248
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $129,051 related
    Bonus
    $0 + $10,250 related
    Other
    $0 + $8,773 related
    Deferred
    $0 + $7,427 related
    Nontaxable benefits
    $0 + $14,821 related
    Filer's total
    $0 + $170,322 related

  • Patricia Carty

    Board Member/CEO

    Total calculated
    $192,262
    From this org
    $0
    From related orgs
    $168,792
    Other
    $23,470
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $152,713 related
    Bonus
    $0 + $11,000 related
    Other
    $0 + $5,079 related
    Deferred
    $0 + $8,286 related
    Nontaxable benefits
    $0 + $15,184 related
    Filer's total
    $0 + $192,262 related

  • Diane Distaso

    Board Member

    Total calculated
    $117,331
    From this org
    $0
    From related orgs
    $107,381
    Other
    $9,950
    Hours/week
    1 + 40 related

  • Timothy Larochelle

    Board Member

    Total calculated
    $125,729
    From this org
    $0
    From related orgs
    $78,492
    Other
    $47,237
    Hours/week
    1 + 40 related

  • Dawn Thomas

    Board Member

    Total calculated
    $103,414
    From this org
    $0
    From related orgs
    $82,744
    Other
    $20,670
    Hours/week
    1 + 40 related

  • Steve Zarse

    Board Member

    Total calculated
    $170,571
    From this org
    $0
    From related orgs
    $118,571
    Other
    $52,000
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $102,025 related
    Bonus
    $0 + $12,250 related
    Other
    $0 + $4,296 related
    Deferred
    $0 + $6,113 related
    Nontaxable benefits
    $0 + $45,887 related
    Filer's total
    $0 + $170,571 related

  • William Rider

    Former Vice President/CEO

    Total calculated
    $127,457
    From this org
    $0
    From related orgs
    $113,302
    Other
    $14,155
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0 + $87,027 related
    Bonus
    $0
    Other
    $0 + $26,275 related
    Deferred
    $0 + $3,383 related
    Nontaxable benefits
    $0 + $10,772 related
    Filer's total
    $0 + $127,457 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 1b
The review of the compensation package of the Organization's CEO was conducted by its affiliate, the Mental Health Center of Greater Manchester, and included approval by a compensation committee, an independent compensation consultant, a compensation study/survey, and approval by the Center's Board of Directors.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
17 April 2024
IRS schema version
2022v5.0
Source object
202421219349302107

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