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Nonprofiteer
← BELLTOWN ELDERLY HOUSING INC

Form 990 for tax year 2025

Filed by BELLTOWN ELDERLY HOUSING INC.

Totals

Total revenue
$621,061
Total expenses
$538,533
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$617,944
Investment income
$3,117
Other revenue
$0
Total assets, end of year
$1,645,064
Total liabilities, end of year
$5,083,064
Net assets or fund balances, end of year
-$3,438,000
Program services expenses (Part IX)
$324,200
Management and general expenses
$214,333
Fundraising expenses
$0
Program service expenses (Part III)
$324,200

Program services were 60.2% 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: SUBSIDIZED RENT

    total $463,841 · related or exempt $463,841

  • 2b · Program service revenue: TENANT REVENUE

    total $152,838 · related or exempt $152,838

  • 2f · All other program service revenue

    total $1,265 · related or exempt $1,265

  • 3 · Investment income

    total $3,117 · excluded $3,117

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $33,072 · management and general $33,072

  • 11g · Fees: other

    total $20,495 · management and general $20,495

  • 13 · Office expenses

    total $753 · management and general $753

  • 16 · Occupancy

    total $84,643 · program services $84,643

  • 20 · Interest

    total $138,901 · management and general $138,901

  • 22 · Depreciation, depletion and amortization

    total $74,786 · program services $74,786

  • 23 · Insurance

    total $57,989 · program services $57,989

  • 24a · Other expenses: LEASED EMPLOYEES

    total $105,689 · program services $105,689 · management and general $0

  • 24e · All other expenses

    total $22,205 · program services $1,093 · management and general $21,112

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $82,024 · end of year $11,660

  • 2 · Savings and temporary cash investments

    beginning of year $214,455 · end of year $217,730

  • 4 · Accounts receivable

    beginning of year $6,395 · end of year $5,958

  • 9 · Prepaid expenses and deferred charges

    beginning of year $20,726 · end of year $48,854

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

    $4,127,792

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

    $2,766,930

  • 10c · Land, buildings and equipment, net

    beginning of year $1,422,832 · end of year $1,360,862

  • 17 · Accounts payable and accrued expenses

    beginning of year $39,723 · end of year $34,841

  • 23 · Secured mortgages and notes payable

    beginning of year $5,118,740 · end of year $5,034,452

  • 25 · Other liabilities

    beginning of year $13,771 · end of year $13,771

  • 27 · Net assets without donor restrictions

    beginning of year -$3,425,802 · end of year -$3,438,000

Mission and programs · 2025

Mission

BELLTOWN WAS ESTABLISHED IN 1989 TO PROVIDE AFFORDABLE HOUSING TO THE ELDERLY IN THE CITY OF STAMFORD, CONNECTICUT. BELLTOWN OPERATES TWENTY-SEVEN UNITS OF ELDERLY HOUSING UNDER FEDERAL HOUSING ADMINISTRATION PROJECT #017-111000. BELLTOWN OPERATES UNDER THE SPONSORSHIP OF NEW NEIGHBORHOODS, INC., A NOT-FOR-PROFIT CORPORATION.

Activities or mission (Part I)

PROVIDE HOUSING FOR THE ELDERLY

  • OWNER OF TWENTY-SEVEN UNITS OF FHA INSURED AFFORDABLE HOUSING FOR THE ELDERLY IN STAMFORD, CT.

    Expenses $324,200 · Revenue $617,944

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • William J Healy II

    PRESIDENT

    Total calculated
    $323,456
    From this org
    $0
    From related orgs
    $268,667
    Other
    $54,789
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $253,667 related
    Bonus
    $0 + $15,000 related
    Other
    $0
    Deferred
    $0 + $25,632 related
    Nontaxable benefits
    $0 + $29,157 related
    Filer's total
    $0 + $323,456 related

  • Kevin C George

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Rhonda M Leone

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Phil Swan

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 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

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.

Provenance

Return type
form_990
Tax year
2025
Filed
14 May 2026
IRS schema version
2025v4.1
Source object
202611359349300836

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