Form 990 for tax year 2023
Filed by AFFORDABLE HOUSING EDUCATION AND DEVELOPMENT INC.
Totals
- Total revenue
- $3,587,492
- Total expenses
- $3,266,369
- Contributions and grants received
- $1,491,271
- Grants paid
- $22,052
- Program service revenue
- $2,083,700
- Investment income
- $26,751
- Other revenue
- -$14,230
- Total assets, end of year
- $10,668,210
- Total liabilities, end of year
- $2,736,580
- Net assets or fund balances, end of year
- $7,931,630
- Program services expenses (Part IX)
- $2,723,119
- Management and general expenses
- $519,875
- Fundraising expenses
- $23,375
- Program service expenses (Part III)
- $2,723,119
Program services were 83.4% 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.
-
1c · Fundraising events
$34,805
-
1f · All other contributions, gifts and grants
$1,456,466
-
1g · Noncash contributions included above
$220,000
-
2a · Program service revenue: Fees for Services
total $1,798,322 · related or exempt $1,798,322
-
2b · Program service revenue: Rental Income
total $260,221 · related or exempt $260,221
-
2c · Program service revenue: Other Income
total $25,157 · related or exempt $25,157
-
3 · Investment income
total $18,108 · excluded $18,108
-
7a · Gross sales of assets other than inventory
securities $102,874
-
7b · Less cost or other basis and sales expenses
securities $94,231
-
7c · Gain or loss
securities $8,643
-
7d · Net gain or loss
total $8,643 · excluded $8,643
-
8a · Fundraising events: gross income
$3,453
-
8a · Fundraising events: contributions included on line 1c
$34,805
-
8b · Fundraising events: direct expenses
$17,683
-
8c · Net income from fundraising events
total -$14,230 · excluded -$14,230
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $16,000 · program services $16,000
-
2 · Grants to domestic individuals
total $6,052 · program services $6,052
-
5 · Compensation of officers, directors and key employees
total $109,667 · management and general $109,667
-
7 · Other salaries and wages
total $1,568,209 · program services $1,444,603 · management and general $110,702 · fundraising $12,904
-
8 · Pension plan contributions
total $64,500 · program services $55,794 · management and general $8,208 · fundraising $498
-
9 · Other employee benefits
total $331,191 · program services $326,904 · fundraising $4,287
-
10 · Payroll taxes
total $123,332 · program services $105,480 · management and general $16,837 · fundraising $1,015
-
11b · Fees: legal
total $2,201 · program services $2,201
-
11c · Fees: accounting
total $72,084 · program services $8,744 · management and general $63,340
-
11g · Fees: other
total $74,882 · program services $5,382 · management and general $69,445 · fundraising $55
-
12 · Advertising and promotion
total $19,087 · program services $11,080 · management and general $7,110 · fundraising $897
-
13 · Office expenses
total $144,363 · program services $119,845 · management and general $20,799 · fundraising $3,719
-
14 · Information technology
total $59,533 · program services $41,538 · management and general $17,995
-
16 · Occupancy
total $192,374 · program services $161,310 · management and general $31,064
-
17 · Travel
total $80,279 · program services $78,457 · management and general $1,822
-
19 · Conferences, conventions and meetings
total $38,557 · program services $27,084 · management and general $11,473
-
20 · Interest
total $78,527 · program services $41,801 · management and general $36,726
-
22 · Depreciation, depletion and amortization
total $58,454 · program services $54,985 · management and general $3,469
-
23 · Insurance
total $32,194 · program services $23,067 · management and general $9,127
-
24a · Other expenses: Grant Recapture
total $169,000 · program services $169,000
-
24b · Other expenses: Other
total $14,583 · program services $12,492 · management and general $2,091
-
24c · Other expenses: Bad Debt
total $7,622 · program services $7,622
-
24d · Other expenses: Equipment Lease
total $3,678 · program services $3,678
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $399,887 · end of year $379,386
-
2 · Savings and temporary cash investments
beginning of year $265,909 · end of year $221,969
-
3 · Pledges and grants receivable
beginning of year $101,670 · end of year $24,960
-
4 · Accounts receivable
beginning of year $491,270 · end of year $719,534
-
7 · Other notes and loans receivable
beginning of year $4,384,565 · end of year $4,459,355
-
9 · Prepaid expenses and deferred charges
beginning of year $41,050 · end of year $29,150
-
10a · Land, buildings and equipment: cost or other basis
$3,054,777
-
10b · Land, buildings and equipment: accumulated depreciation
$1,576,771
-
10c · Land, buildings and equipment, net
beginning of year $1,261,178 · end of year $1,478,006
-
11 · Investments: publicly traded securities
beginning of year $873,446 · end of year $960,862
-
13 · Investments: program-related
beginning of year $801,245 · end of year $801,245
-
14 · Intangible assets
beginning of year $393,968 · end of year $338,384
-
15 · Other assets
beginning of year $1,257,097 · end of year $1,255,359
-
17 · Accounts payable and accrued expenses
beginning of year $159,584 · end of year $209,010
-
19 · Deferred revenue
beginning of year $2,640 · end of year $3,158
-
23 · Secured mortgages and notes payable
beginning of year $1,928,957 · end of year $2,172,308
-
25 · Other liabilities
beginning of year $661,585 · end of year $352,104
-
27 · Net assets without donor restrictions
beginning of year $6,894,164 · end of year $7,242,141
-
28 · Net assets with donor restrictions
beginning of year $624,355 · end of year $689,489
Mission and programs · 2023
Mission
The primary purpose of Affordable Housing, Education and Development (AHEAD) Inc. (the "Corporation") is to provide opportunities for decent, safe, sanitary, affordable housing to the region's lower income people through comprehensive, cooperative programs which use community resources and emphasize education, personal initiative, democratic values, and economic empowerment. To provide opportunities to strengthen the standard of living for all community residents through retention, expansion, attraction of jobs, outreach programs and business development projects. The Corporation will be a membership-based entity.
Activities or mission (Part I)
AHEAD creates pathways to safe, affordable housing which strengthens and revitalizes rural communities.
-
Property Management - AHEAD owns and manages a portfolio of low/moderate income rental properties in nine Northern New Hampshire communities and two Northern Vermont communities.
Expenses $1,828,676 · Revenue $2,083,700
-
Housing Development - AHEAD acquires and rehabilitates primarily substandard rental housing into quality affordable housing, and also constructs new affordable rental housing. AHEAD intends to keep thishousing available and affordable to households at or below 80% of median income for a minimum of 20 years.
Expenses $145,516 · Grants $22,052
-
Homeowner and Foreclosure Counseling - AHEAD provides education and counseling services to prepare individuals for homeownership and/or financial stability.
Expenses $748,927
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
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
-
Martha McLeod
Interim Treasurer
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Fran Day
Secretary
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Mark MacDonald
Director
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Bridget Freudenberger
Director
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Benjamin Tilton
Director
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Erica Antonucci
Director
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Kaela Tavares
Director
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Jordan Applewhite
Director
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Christine Jessen
Past Treasurer
- Total calculated
- $0
- Hours/week
- 0.5 + 2.5 related
-
Barbara Ashley
Past Director
- Total calculated
- $0
- Hours/week
- 0.5 + 0.5 related
-
Harrison Kanzler
Executive Director
- Total calculated
- $109,667
- From this org
- $109,667
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20 + 22.5 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
-
Lisbon Inn
$10,000
Exterior Painting
-
$6,000
Energy Audit
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.
-
501(c)(3) · Rental low-income housing · NH · controlled entity
Directly controlled by Affordable Housing Education & Development Inc
-
Littleton Town & Country Family Housing Inc
501(c)(3) · Rental low-income housing · NH · controlled entity
Directly controlled by Affordable Housing Education & Development Inc
-
501(c)(3) · Rental low-income housing · NH · controlled entity
Directly controlled by Affordable Housing Education & Development Inc
-
Northern Lights Housing Corporation
501(c)(3) · Rental low-income housing · NH · controlled entity
Directly controlled by Affordable Housing Education & Development Inc
-
501(c)(2) · Rental commercial property · NH · controlled entity
Directly controlled by Affordable Housing Education & Development Inc
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
Better Homes AHEAD
Sale of Manufactured and Modular Homes · NH · income $0 · assets $44
Directly controlled by Affordable Housing Education & Development Inc
-
Lisbon Renewal Limited Partnership
Rental Low-Income Housing · NH · income $184,310 · assets $1,217,482
Directly controlled by Affordable Housing Education & Development Inc
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
Littleton South-West Limited Partnership
Related · Rental low-income housing · NH · 100% owned · share of income -$15,628 · share of assets $148,677 · general or managing partner
Directly controlled by Upper Grafton Housing Corporation
-
Ammonoosuc Green Limited Partnership
Related · Rental low-income housing · NH · 100% owned · share of income $8,046 · share of assets $2,096,487 · general or managing partner
Directly controlled by Upper Grafton Housing Corporation
-
Woodsville Maple-Walnut Limited Partnership
Related · Rental low-income housing · NH · 100% owned · share of income -$50,298 · share of assets $360,748 · general or managing partner
Directly controlled by Upper Grafton Housing Corporation
-
Bethlehem-Pine Manor Limited Partnership
Related · Rental low-income housing · NH · 100% owned · share of income -$9,228 · share of assets $121,803 · general or managing partner
Directly controlled by Upper Grafton Housing Corporation
-
Lisbon Inn Company
Related · Rental low-income housing · NH · 100% owned · share of income -$103,085 · share of assets $1,590,593 · general or managing partner
Directly controlled by Northern Housing Development Corporation
-
Woodsville Opera Block Limited Partnership
Related · Rental low-income housing · NH · 0.01% owned · share of income -$6 · share of assets $371 · general or managing partner
Directly controlled by Cached Inc
-
McKee Inn Limited Partnership
Related · Rental low-income housing · NH · 0.01% owned · share of income -$4 · share of assets $275 · general or managing partner
Directly controlled by Cached Inc
-
Littleton Town & Country Limited Partnership
Related · Rental low-income housing · NH · 0.01% owned · share of income -$16 · share of assets $401 · general or managing partner
Directly controlled by Upper Grafton Housing Corporation
-
Senior Living at Notre Dame Limited Partnership
Related · Rental low-income housing · NH · 0.01% owned · share of income -$17 · share of assets $607 · general or managing partner
Directly controlled by Upper Grafton Housing Corporation
-
Community Living at Lloyd's Hills Limited Partnership
Related · Rental low-income housing · NH · 0.01% owned · share of income -$40 · share of assets $976 · general or managing partner
Directly controlled by Upper Grafton Housing Corporation
-
Peeling Village at Gordon Pond LP
Related · Rental low-income housing · NH · 100% owned · share of assets $631,391 · general or managing partner
Directly controlled by Upper Grafton Housing Corporation
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
Upper Grafton Housing Corporation
C · Rental low-income housing · NH · 100% owned · share of income -$186 · controlled entity
Directly controlled by Affordable Housing Education & Development Inc
-
NHDC Inc
C · Rental low-income housing · NH · 100% owned · share of income -$918 · share of assets -$4,246 · controlled entity
Directly controlled by Affordable Housing Education & Development Inc
-
Northern New Hampshire Housing Corporation
C · Rental low-income housing · NH · 100% owned · controlled entity
Directly controlled by Affordable Housing Education & Development Inc
-
Cached Inc
C · Rental low-income housing · NH · 79% owned · share of income -$8 · controlled entity
Directly controlled by Affordable Housing Education & Development Inc
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 10 June 2024
- IRS schema version
- 2023v5.0
- Source object
- 202401799349301415
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