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Nonprofiteer
← SHREWSBURY HOUSING INC

Form 990 for tax year 2024

Filed by SHREWSBURY HOUSING INC.

Totals

Total revenue
$146,571
Total expenses
$116,377
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$146,267
Investment income
-$528
Other revenue
$832
Total assets, end of year
$1,081,343
Total liabilities, end of year
$2,197,539
Net assets or fund balances, end of year
-$1,116,196
Program services expenses (Part IX)
$66,858
Management and general expenses
$49,519
Fundraising expenses
$0
Program service expenses (Part III)
$66,858

Program services were 57.4% 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: RENT-LOW INCOME HOUSIN

    total $146,267 · related or exempt $146,267

  • 3 · Investment income

    total $1,057 · excluded $1,057

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

    other assets $1,585

  • 7c · Gain or loss

    other assets -$1,585

  • 7d · Net gain or loss

    total -$1,585 · excluded -$1,585

  • 11a · Other revenue: LAUNDRY & VENDING REVE

    total $832 · related or exempt $832

  • 11e · Other revenue, total

    $832

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $17,882 · program services $2,269 · management and general $15,613

  • 9 · Other employee benefits

    total $3,206 · program services $3,206

  • 11a · Fees: management

    total $7,577 · management and general $7,577

  • 11g · Fees: other

    total $35,221 · program services $17,880 · management and general $17,341

  • 12 · Advertising and promotion

    total $1,234 · management and general $1,234

  • 13 · Office expenses

    total $3,715 · program services $1,861 · management and general $1,854

  • 14 · Information technology

    total $5,499 · management and general $5,499

  • 16 · Occupancy

    total $23,174 · program services $23,174

  • 17 · Travel

    total $228 · program services $228

  • 19 · Conferences, conventions and meetings

    total $366 · program services $366

  • 20 · Interest

    total $15,975 · program services $15,975

  • 22 · Depreciation, depletion and amortization

    total $1,844 · program services $1,844

  • 24a · Other expenses: MISCELLANEOUS

    total $401 · management and general $401

  • 24b · Other expenses: EQUIPMENT RENTAL & MAIN

    total $55 · program services $55

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $73,083 · end of year $81,621

  • 2 · Savings and temporary cash investments

    beginning of year $714,096 · end of year $726,912

  • 4 · Accounts receivable

    beginning of year $1,770 · end of year $4,138

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,063 · end of year $18,533

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

    $3,632,526

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

    $3,401,526

  • 10c · Land, buildings and equipment, net

    beginning of year $233,334 · end of year $231,000

  • 15 · Other assets

    beginning of year $18,795 · end of year $19,139

  • 17 · Accounts payable and accrued expenses

    beginning of year $90,676 · end of year $106,481

  • 23 · Secured mortgages and notes payable

    beginning of year $2,094,060 · end of year $2,071,919

  • 25 · Other liabilities

    beginning of year $18,795 · end of year $19,139

  • 27 · Net assets without donor restrictions

    beginning of year -$1,146,390 · end of year -$1,116,196

Mission and programs · 2024

Mission

TO OPERATE AN APARTMENT COMPLEX OF 60 UNITS, IN SHREWSBURY, PENNSYLVANIA, THAT PROVIDES LOW INCOME HOUSING TO QUALIFIED RECIPIENTS.

  • OPERATED A 60-UNIT APARTMENT COMPLEX UNDER SECTION 8 OF THE NATIONAL HOUSING ACT, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY OR HANDICAPPED FAMILIES.

    Expenses $66,858 · Revenue $147,099

As filed on the 2024 return.

Listed in Part VII

  • Shirley Simpson

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Linda Roenigk

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Clarence Tauzin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Fran Kreft

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Melissa Frownfelter

    INTERIM PRESIDENT, CEO/COO

    Total calculated
    $318,184
    From this org
    $0
    From related orgs
    $301,125
    Other
    $17,059
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $250,472 related
    Bonus
    $0 + $50,000 related
    Other
    $0 + $653 related
    Deferred
    $0 + $7,154 related
    Nontaxable benefits
    $0 + $9,905 related
    Filer's total
    $0 + $318,184 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)

PART I, LINE 3
SHREWBURY HOUSING'S PRINCIPAL OFFICER/CEO MELISSA FROWNFELTER IS PAID BY SPIRITRUST LUTHERAN. SPIRITRUST LUTHERAN USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO: -COMPENSATION COMMITTEE -COMPENSATION SURVEY OR STUDY -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.

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.2
Source object
202513119349302236

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