Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $25,342

• 1c · Fundraising events

  $413,610

• 1e · Government grants (contributions)

  $4,017,558

• 1f · All other contributions, gifts and grants

  $2,583,306

• 2a · Program service revenue: Property Mgmt Fees

  total $1,199,136 · related or exempt $1,199,136

• 2b · Program service revenue: Medicaid Reimbursements

  total $445,262 · related or exempt $445,262

• 2c · Program service revenue: Rental Income

  total $281,409 · related or exempt $281,409

• 2d · Program service revenue: Other Program Revenue

  total $239,222 · related or exempt $239,222

• 3 · Investment income

  total $138,358 · excluded $138,358

• 7a · Gross sales of assets other than inventory

  other assets $39,578

• 7b · Less cost or other basis and sales expenses

  other assets $24,582

• 7c · Gain or loss

  other assets $14,996

• 7d · Net gain or loss

  total $14,996 · excluded $14,996

• 8a · Fundraising events: gross income

  $0

• 8a · Fundraising events: contributions included on line 1c

  $413,610

• 8b · Fundraising events: direct expenses

  $44,008

• 8c · Net income from fundraising events

  total -$44,008 · excluded -$44,008

• 9a · Gaming: gross income

  $103,132

• 9b · Gaming: direct expenses

  $13,395

• 9c · Net income from gaming

  total $89,737 · excluded $89,737

• 10a · Gross sales of inventory

  $647,498

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $647,498 · excluded $647,498

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,293,030 · program services $1,293,030

• 5 · Compensation of officers, directors and key employees

  total $348,788 · management and general $348,788

• 7 · Other salaries and wages

  total $5,034,913 · program services $4,336,270 · management and general $294,810 · fundraising $403,833

• 8 · Pension plan contributions

  total $54,743 · program services $49,766 · fundraising $4,977

• 9 · Other employee benefits

  total $487,136 · program services $418,177 · management and general $29,222 · fundraising $39,737

• 10 · Payroll taxes

  total $423,375 · program services $343,309 · management and general $48,040 · fundraising $32,026

• 11b · Fees: legal

  total $26,629 · program services $21,169 · management and general $3,277 · fundraising $2,183

• 11c · Fees: accounting

  total $70,200 · program services $48,480 · management and general $13,032 · fundraising $8,688

• 11g · Fees: other

  total $164,412 · program services $132,476 · management and general $19,162 · fundraising $12,774

• 12 · Advertising and promotion

  total $22,757 · program services $20,939 · management and general $1,091 · fundraising $727

• 13 · Office expenses

  total $269,721 · program services $218,431 · management and general $30,774 · fundraising $20,516

• 14 · Information technology

  total $103,232 · program services $82,591 · management and general $12,385 · fundraising $8,256

• 16 · Occupancy

  total $421,596 · program services $358,499 · management and general $37,858 · fundraising $25,239

• 17 · Travel

  total $22,182 · program services $17,745 · management and general $2,662 · fundraising $1,775

• 20 · Interest

  total $41,423 · program services $33,138 · management and general $4,971 · fundraising $3,314

• 22 · Depreciation, depletion and amortization

  total $408,941 · program services $327,789 · management and general $48,691 · fundraising $32,461

• 23 · Insurance

  total $216,896 · program services $186,623 · management and general $24,107 · fundraising $6,166

• 24a · Other expenses: Repairs & Maintenance

  total $410,447 · program services $333,739 · management and general $46,025 · fundraising $30,683

• 24b · Other expenses: Other Expenses

  total $180,385 · program services $175,557 · management and general $2,892 · fundraising $1,936

• 24c · Other expenses: Rental Subsidies

  total $176,911 · program services $176,911

• 24d · Other expenses: Shelter Expense

  total $125,854 · program services $125,854

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,769,093 · end of year $1,813,564

• 2 · Savings and temporary cash investments

  beginning of year $269,387 · end of year $678,991

• 3 · Pledges and grants receivable

  beginning of year $779,471 · end of year $377,189

• 4 · Accounts receivable

  beginning of year $85,423 · end of year $66,376

• 9 · Prepaid expenses and deferred charges

  beginning of year $97,886 · end of year $93,955

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

  $11,273,516

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

  $4,002,822

• 10c · Land, buildings and equipment, net

  beginning of year $7,438,659 · end of year $7,270,694

• 11 · Investments: publicly traded securities

  beginning of year $2,704,576 · end of year $2,004,113

• 12 · Investments: other securities

  beginning of year $1,246,739 · end of year $1,246,739

• 15 · Other assets

  beginning of year $5,660,414 · end of year $5,460,046

• 17 · Accounts payable and accrued expenses

  beginning of year $431,819 · end of year $305,351

• 19 · Deferred revenue

  beginning of year $1,003 · end of year $2,322

• 24 · Unsecured notes and loans payable

  beginning of year $1,962,047 · end of year $1,592,020

• 25 · Other liabilities

  beginning of year $69,021 · end of year $218,355

• 27 · Net assets without donor restrictions

  beginning of year $16,360,966 · end of year $15,614,462

• 28 · Net assets with donor restrictions

  beginning of year $1,226,792 · end of year $1,279,157

The filer's explanations (Part III)

Part I, Line 7

During the calendar year 2022, Stephanie Savard, Chief External Relations Officer, received a discretionary, non-fixed bonus approved by Maria Devlin, President/CEO.

Form 990, Part VII, Line 5:

Families in Transition paid TechCXO, an unrelated organization, $33,750 for services provided by Kumar Ampapathini as Interm CFO during 2022. Families in Transition is not able to determine the compensation paid to Kumar Ampapathini, only the amount paid to TechCXO.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• Family Outfitters

  Thrift Store · NH · income $658,574 · assets $310,724

  Directly controlled by Families in Transition

Related partnerships

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

• Family Willows LP

  Rental · NH · general or managing partner

Related corporations and trusts

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

• Wilson Street Condominium Association

  C · Condo Association · NH · 100% owned · share of income $99,468 · share of assets $61,819 · controlled entity

  Directly controlled by Families in Transition

• Big Shady Tree Inc

  C · Rental · NH · 100% owned · share of income $2,137 · share of assets -$30,796 · controlled entity

  Directly controlled by Families in Transition

• Second Street Family Mill Inc

  C · Rental · NH · 100% owned · controlled entity

  Directly controlled by Families in Transition

• Bicentennial Families Concord Inc

  C · Rental · NH · controlled entity

• Brick Mill House Families II Inc

  C · Rental · NH · controlled entity