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← SOUTHAMPTON HOUSING FOR THE ELDERLY INC

Form 990 for tax year 2022

Filed by SOUTHAMPTON HOUSING FOR THE ELDERLY INC.

Totals

Total revenue
$656,586
Total expenses
$608,374
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$656,124
Investment income
$462
Other revenue
$0
Total assets, end of year
$2,713,571
Total liabilities, end of year
$2,773,324
Net assets or fund balances, end of year
-$59,753
Program services expenses (Part IX)
$555,592
Management and general expenses
$52,782
Fundraising expenses
$0
Program service expenses (Part III)
$555,592

Program services were 91.3% 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 REVENUE

    total $656,124 · related or exempt $656,124

  • 3 · Investment income

    total $462 · excluded $462

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $118,454 · program services $118,454

  • 9 · Other employee benefits

    total $14,068 · program services $14,068

  • 10 · Payroll taxes

    total $10,815 · program services $10,815

  • 11a · Fees: management

    total $41,282 · management and general $41,282

  • 11b · Fees: legal

    total $3,360 · program services $3,360

  • 11c · Fees: accounting

    total $11,500 · management and general $11,500

  • 11g · Fees: other

    total $11,153 · program services $11,153

  • 13 · Office expenses

    total $13,991 · program services $13,991

  • 17 · Travel

    total $501 · program services $501

  • 20 · Interest

    total $73,654 · program services $73,654

  • 22 · Depreciation, depletion and amortization

    total $125,426 · program services $125,426

  • 23 · Insurance

    total $20,756 · program services $20,756

  • 24a · Other expenses: UTILITIES

    total $44,348 · program services $44,348

  • 24b · Other expenses: CONTRACTS

    total $24,754 · program services $24,754

  • 24c · Other expenses: SNOW REMOVAL

    total $24,650 · program services $24,650

  • 24d · Other expenses: TRASH REMOVAL

    total $14,485 · program services $14,485

  • 24e · All other expenses

    total $55,177 · program services $55,177

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $43,643 · end of year $38,971

  • 4 · Accounts receivable

    beginning of year $67,690 · end of year $33,363

  • 9 · Prepaid expenses and deferred charges

    beginning of year $18,281 · end of year $17,976

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

    $4,334,279

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

    $2,683,271

  • 10c · Land, buildings and equipment, net

    beginning of year $1,744,705 · end of year $1,651,008

  • 15 · Other assets

    beginning of year $935,260 · end of year $972,253

  • 17 · Accounts payable and accrued expenses

    beginning of year $93,333 · end of year $29,100

  • 19 · Deferred revenue

    beginning of year $2,595 · end of year $53

  • 23 · Secured mortgages and notes payable

    beginning of year $2,811,909 · end of year $2,732,995

  • 25 · Other liabilities

    beginning of year $9,707 · end of year $11,176

  • 27 · Net assets without donor restrictions

    beginning of year -$107,965 · end of year -$59,753

Mission and programs · 2022

Mission

SOUTHAMPTON HOUSING FOR THE ELDERLY,INC. PRIMARY PURPOSE IS TO PROVIDE ELDERLY PERSONS OF LOW AND VERY LOW INCOME WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR NEEDS.

Activities or mission (Part I)

SOUTHAMPTON HOUSING FOR THE ELDERLY, INC. PRIMARY PURPOSE IS TO PROVIDE ELDERLY PERSONS OF LOW AND VERY LOW INCOME WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR NEEDS.

  • SOUTHAMPTON HOUSING FOR THE ELDERLY, INC. PROVIDED 40 UNITS OF RESIDENTIAL HOUSING AND SUPPORT SERVICES TO LOW AND VERY LOW INCOME ELDERLY PERSONS IN SOUTHAMPTON, MASSACHUSETTS.

    Expenses $555,592 · Revenue $656,124

As filed on the 2022 return.

Listed in Part VII

  • Pascale Desir

    CLERK

    Total calculated
    $158,622
    From this org
    $0
    From related orgs
    $147,745
    Other
    $10,877
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $147,745 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $10,877 related
    Filer's total
    $0 + $158,622 related

  • Dolores Scott

    ASSISTANT CLERK

    Total calculated
    $109,065
    From this org
    $0
    From related orgs
    $90,626
    Other
    $18,439
    Hours/week
    1 + 40 related

  • Keith Fairey

    DIRECTOR

    Total calculated
    $237,842
    From this org
    $0
    From related orgs
    $222,645
    Other
    $15,197
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $222,645 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $15,197 related
    Filer's total
    $0 + $237,842 related

  • Michelle McAdaragh

    DIRECTOR

    Total calculated
    $137,997
    From this org
    $0
    From related orgs
    $131,710
    Other
    $6,287
    Hours/week
    1 + 40 related

  • George D Rosa

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Jim Broderick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Rosemary Morin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Sherbo

    PRESDENT

    Total calculated
    $0
    Hours/week
    1

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

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.

  • WAY FINDERS INC

    501(C)(3) · TO PROVIDE HOUSING ASSISTANCE TO LOW INCOME AND DISABLED INDIVIDUALS. · MA

Provenance

Return type
form_990
Tax year
2022
Filed
3 April 2024
IRS schema version
2022v5.0
Source object
202410969349300621

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