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Nonprofiteer
← FOREST SPRINGS INC

Form 990 for tax year 2024

Filed by FOREST SPRINGS INC.

Totals

Total revenue
$126,547
Total expenses
$186,542
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$126,539
Investment income
$8
Other revenue
$0
Total assets, end of year
$3,140,215
Total liabilities, end of year
$2,543,189
Net assets or fund balances, end of year
$597,026
Program services expenses (Part IX)
$172,319
Management and general expenses
$14,223
Fundraising expenses
$0
Program service expenses (Part III)
$172,319

Program services were 92.4% 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: PROGRAM REVENUES

    total $126,539 · related or exempt $126,539

  • 3 · Investment income

    total $8 · excluded $8

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $1,460 · program services $1,460

  • 11c · Fees: accounting

    total $6,500 · management and general $6,500

  • 11g · Fees: other

    total $35,369 · program services $27,646 · management and general $7,723

  • 20 · Interest

    total $10,427 · program services $10,427

  • 22 · Depreciation, depletion and amortization

    total $92,185 · program services $92,185

  • 23 · Insurance

    total $16,462 · program services $16,462

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $13,389 · program services $13,389

  • 24b · Other expenses: UTILITIES, WATER AND SE

    total $5,628 · program services $5,628

  • 24c · Other expenses: GARBAGE REMOVAL

    total $3,000 · program services $3,000

  • 24d · Other expenses: SECURITY

    total $2,047 · program services $2,047

  • 24e · All other expenses

    total $75 · program services $75

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21,226 · end of year $31,990

  • 2 · Savings and temporary cash investments

    beginning of year $109,176 · end of year $126,066

  • 4 · Accounts receivable

    beginning of year $7,521 · end of year $7,074

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

    $3,585,685

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

    $610,600

  • 10c · Land, buildings and equipment, net

    beginning of year $3,067,270 · end of year $2,975,085

  • 17 · Accounts payable and accrued expenses

    beginning of year $36,418 · end of year $47,273

  • 23 · Secured mortgages and notes payable

    beginning of year $2,500,605 · end of year $2,483,880

  • 25 · Other liabilities

    beginning of year $11,149 · end of year $12,036

  • 27 · Net assets without donor restrictions

    beginning of year $652,021 · end of year $592,026

  • 28 · Net assets with donor restrictions

    beginning of year $5,000 · end of year $5,000

Mission and programs · 2024

Mission

TO CHANGE AND SAVE LIVES THROUGH HOUSING OPTIONS AND RELATED SERVICES. THE ORGANIZATION PROVIDES RENTAL HOUSING UNITS FOR PERSONS OF VERY LOW TO 60% OF MEDIAN INCOME TO MEET THE CRITICAL NEED FOR HOUSING IN OUR COMMUNITY AND IN AN EFFORT TO MEET THE STATE'S AFFORDABLE HOUSING GOALS.

Activities or mission (Part I)

TO OWN AND MANAGE A LOW TO MODERATE INCOME HOUSING PROJECT IN GREAT BARRINGTON, MASSACHUSETTS.

  • THE ORGANIZATION PROVIDES AFFORDABLE HOUSING TO LOW-INCOME FAMILIES. THE HOUSING COMPLEX INCLUDES 11 RENTAL HOUSING UNITS; 4 LOW-INCOME UNITS, 5 VERY LOW-INCOME UNITS, AND 2 EXTREMELY LOW-INCOME UNITS.

    Expenses $172,319 · Revenue $126,539

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Elizabeth Rosenberg

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Betty Farbman

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5

  • Hinda Bodinger

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Peter Dunphy

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Adrienne Arnold

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jodie Gordon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Sam Handel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Tony Chojnowski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Josh Irwin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jane Glaser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Lisa Beede

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Barbara Manring

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Michael Gallerstein

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Christa Montano

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jackie McNinch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Mark Rosengren

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Anne Schnesel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Wanda Houston

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jillian Schuster

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Jane Ralph

    EXECUTIVE DIRECTOR

    Total calculated
    $76,817
    From this org
    $0
    From related orgs
    $76,817
    Other
    $0
    Hours/week
    0.5 + 40 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.

  • CONSTRUCT INC

    501(C)(3) · DEVELOPS AND MANAGES AFFORDABLE HOUSING · MA

    Directly controlled by CONSTRUCT INC

Provenance

Return type
form_990
Tax year
2024
Filed
9 May 2025
IRS schema version
2024v5.1
Source object
202501299349301020

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