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← GROVETON HOUSING CORPORATION

Form 990 for tax year 2024

Filed by GROVETON HOUSING CORPORATION.

Totals

Total revenue
$170,267
Total expenses
$180,350
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$170,231
Investment income
$36
Other revenue
$0
Total assets, end of year
$644,672
Total liabilities, end of year
$482,891
Net assets or fund balances, end of year
$161,781
Program services expenses (Part IX)
$153,799
Management and general expenses
$26,551
Fundraising expenses
$0
Program service expenses (Part III)
$153,799

Program services were 85.3% 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 $165,640 · related or exempt $165,640

  • 2b · Program service revenue: Miscellaneous Revenue

    total $4,591 · related or exempt $4,591

  • 3 · Investment income

    total $36 · excluded $36

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $8,040 · management and general $8,040

  • 11c · Fees: accounting

    total $6,000 · management and general $6,000

  • 13 · Office expenses

    total $18,622 · program services $8,182 · management and general $10,440

  • 14 · Information technology

    total $1,799 · management and general $1,799

  • 16 · Occupancy

    total $28,667 · program services $28,667

  • 17 · Travel

    total $272 · management and general $272

  • 20 · Interest

    total $18,425 · program services $18,425

  • 22 · Depreciation, depletion and amortization

    total $27,973 · program services $27,973

  • 23 · Insurance

    total $6,272 · program services $6,272

  • 24a · Other expenses: Repairs and Maintenance

    total $61,967 · program services $61,967

  • 24b · Other expenses: Bad Debt Expense

    total $2,238 · program services $2,238

  • 24c · Other expenses: Miscellaneous Taxes

    total $75 · program services $75

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $64,666 · end of year $78,571

  • 4 · Accounts receivable

    beginning of year $30 · end of year $4

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,051 · end of year $1,238

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

    $1,141,442

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

    $579,149

  • 10c · Land, buildings and equipment, net

    beginning of year $586,936 · end of year $562,293

  • 15 · Other assets

    beginning of year $2,275 · end of year $2,566

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,971 · end of year $37,032

  • 19 · Deferred revenue

    beginning of year $234 · end of year $528

  • 23 · Secured mortgages and notes payable

    beginning of year $325,564 · end of year $314,715

  • 25 · Other liabilities

    beginning of year $130,325 · end of year $130,616

  • 27 · Net assets without donor restrictions

    beginning of year $171,864 · end of year $161,781

Mission and programs · 2024

Mission

Develop, own and manage subsidized residential housing units and related facilities for qualified elderly and persons living with disabilities.

  • Groveton's mission is to provide elderly and handicapped persons with housing facilities & services designed to meet their physical, social and psychological needs.

    Expenses $153,799 · Revenue $170,231

As filed on the 2024 return.

Listed in Part VII

  • Harrison Kanzler

    Executive Director

    Total calculated
    $113,884
    From this org
    $0
    From related orgs
    $113,884
    Other
    $0
    Hours/week
    0.5 + 22 related

  • Susan Retz

    President

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Mark Hesler

    Vice President

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Melissa Blood

    Treasurer

    Total calculated
    $77,457
    From this org
    $0
    From related orgs
    $77,457
    Other
    $0
    Hours/week
    0.5 + 2 related

  • Christine Crespo

    Secretary

    Total calculated
    $81,642
    From this org
    $0
    From related orgs
    $81,642
    Other
    $0
    Hours/week
    0.5 + 2 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.

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
22 April 2025
IRS schema version
2024v5.1
Source object
202501129349301900

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