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← GROTON VILLAGE HOUSING INC

Form 990 for tax year 2024

Filed by GROTON VILLAGE HOUSING INC.

Totals

Total revenue
$125,719
Total expenses
$122,871
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$124,503
Investment income
$1,216
Other revenue
$0
Total assets, end of year
$554,602
Total liabilities, end of year
$78,405
Net assets or fund balances, end of year
$476,197
Program services expenses (Part IX)
$100,908
Management and general expenses
$21,963
Fundraising expenses
$0
Program service expenses (Part III)
$100,908

Program services were 82.1% 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 $122,716 · related or exempt $122,716

  • 2b · Program service revenue: Other Operating Revenu

    total $1,787 · excluded $1,787

  • 3 · Investment income

    total $1,216 · excluded $1,216

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $11,256 · program services $2,184 · management and general $9,072

  • 11b · Fees: legal

    total $74 · management and general $74

  • 11c · Fees: accounting

    total $8,900 · management and general $8,900

  • 11g · Fees: other

    total $3,216 · management and general $3,216

  • 13 · Office expenses

    total $11,371 · program services $10,670 · management and general $701

  • 14 · Information technology

    total $894 · program services $894

  • 16 · Occupancy

    total $48,265 · program services $48,265

  • 20 · Interest

    total $757 · program services $757

  • 22 · Depreciation, depletion and amortization

    total $27,059 · program services $27,059

  • 23 · Insurance

    total $4,712 · program services $4,712

  • 24a · Other expenses: Elderly Care

    total $6,324 · program services $6,324

  • 24b · Other expenses: Residual Receipts Recap

    total $43 · program services $43

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,220 · end of year $5,654

  • 2 · Savings and temporary cash investments

    beginning of year $158,572 · end of year $135,954

  • 3 · Pledges and grants receivable

    beginning of year $568 · end of year $0

  • 4 · Accounts receivable

    beginning of year $1,630 · end of year $145

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,903 · end of year $1,339

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

    $982,064

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

    $574,243

  • 10c · Land, buildings and equipment, net

    beginning of year $383,651 · end of year $407,821

  • 15 · Other assets

    beginning of year $5,504 · end of year $3,689

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,003 · end of year $1,245

  • 19 · Deferred revenue

    beginning of year $418 · end of year $817

  • 25 · Other liabilities

    beginning of year $75,278 · end of year $76,343

  • 27 · Net assets without donor restrictions

    beginning of year -$81,651 · end of year -$78,803

  • 28 · Net assets with donor restrictions

    beginning of year $555,000 · end of year $555,000

Mission and programs · 2024

Mission

Subsidized rental housing for the elderly in Groton, VT.

Activities or mission (Part I)

Provide housing for the elderly.

  • Subsidized rental housing for the elderly in Groton, VT.

    Expenses $100,908 · Revenue $124,503

As filed on the 2024 return.

Listed in Part VII

  • Tim O'Neill

    President

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Patricia Sears

    Vice President

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Nikole Brainard

    Treasurer

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Loraine Janowski

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Bobby Farlice-Rubio

    Director

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Reverend Dr Jeffrey Potter

    Director

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Kimico Perry

    Director

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Joel Pierce

    Director

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Kelsey Stavseth

    Director

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Terri Lynn Williams

    Past Director

    Total calculated
    $0
    Hours/week
    1 + 5 related

  • Patrick Shattuck

    Executive Director

    Total calculated
    $154,749
    From this org
    $0
    From related orgs
    $131,792
    Other
    $22,957
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $131,792 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $22,957 related
    Filer's total
    $0 + $154,749 related

  • Diana Cazaudumec

    Director of Finance and Compliance

    Total calculated
    $137,944
    From this org
    $0
    From related orgs
    $117,194
    Other
    $20,750
    Hours/week
    1 + 44 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)

Form 990, Schedule J, Part I, Line 3:
The organization has no employees. Patrick Shattuck, Executive Director, and Diana Cazaudumec, Director of Finance and Compliance, are compensated by Gilman Housing Trust, Inc., a related organization. The methods the related organization used to establish their compensation are as follows: - Form 990 of other organizations - Written employment contract - Approval by the board or compensation committee

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Dean Hale LLC

    Affordable Housing · VT

  • Glover Housing Limited Partnership

    Affordable Housing · VT

  • Groton Community Housing LP

    Affordable Housing · VT

  • Hilltop Family Housing LP

    Affordable Housing · VT

  • Lyndon Darling Senior Housing LP

    Affordable Housing · VT

  • Moose River Housing LP

    Affordable Housing · VT

  • Mountainview St Jay Housing LP

    Affordable Housing · VT

  • Newport Family Housing LP

    Affordable Housing · VT

  • Newport Senior Housing Limited Partnership

    Affordable Housing · VT

  • GPA Housing LP

    Affordable Housing · VT

  • Johns River Apartments LP

    Affordable Housing · VT

  • Parkview Apartments LP

    Affordable Housing · VT

  • Olivia Place LP

    Affordable Housing · VT

  • West Burke Housing LP

    Affordable Housing · VT

  • New Avenue Housing LP

    Affordable Housing · VT

  • Newport Crossing LP

    Affordable Housing · VT

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • DIN 2015 LLC

    C · Rental · VT

  • GHT HFH 2011 LLC

    C · Rental · VT

  • NE Ventures Inc

    C · Rental · VT

Provenance

Return type
form_990
Tax year
2024
Filed
9 May 2025
IRS schema version
2024v5.1
Source object
202541329349301439

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