Skip to content
Nonprofiteer
← BELMONT ELDERLY HOUSING INC

Form 990 for tax year 2023

Filed by BELMONT ELDERLY HOUSING INC.

Totals

Total revenue
$456,858
Total expenses
$463,634
Contributions and grants received
$255,837
Grants paid
$0
Program service revenue
$200,290
Investment income
$731
Other revenue
$0
Total assets, end of year
$1,554,884
Total liabilities, end of year
$2,418,120
Net assets or fund balances, end of year
-$863,236
Program services expenses (Part IX)
$383,125
Management and general expenses
$80,509
Fundraising expenses
$0
Program service expenses (Part III)
$383,125

Program services were 82.6% 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.

  • 1e · Government grants (contributions)

    $255,837

  • 2a · Program service revenue: TENANT RENTS

    total $182,787 · related or exempt $182,787

  • 2b · Program service revenue: TENANT FEES

    total $17,503 · related or exempt $17,503

  • 3 · Investment income

    total $731 · related or exempt $731

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $1,014 · management and general $1,014

  • 11c · Fees: accounting

    total $11,260 · management and general $11,260

  • 13 · Office expenses

    total $11,956 · management and general $11,956

  • 16 · Occupancy

    total $82,687 · program services $82,687

  • 17 · Travel

    total $928 · management and general $928

  • 22 · Depreciation, depletion and amortization

    total $77,132 · program services $77,132

  • 23 · Insurance

    total $21,517 · program services $21,517

  • 24a · Other expenses: OPERATING AND MAINTENAN

    total $170,253 · program services $170,253

  • 24b · Other expenses: ADMINISTRATIVE

    total $55,351 · management and general $55,351

  • 24c · Other expenses: REAL ESTATE TAXES

    total $15,348 · program services $15,348

  • 24d · Other expenses: MISCELLANEOUS TAXES AND

    total $9,359 · program services $9,359

  • 24e · All other expenses

    total $6,829 · program services $6,829

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,015 · end of year $2,987

  • 4 · Accounts receivable

    beginning of year $47,673 · end of year $7,964

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,899 · end of year $5,464

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

    $2,761,650

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

    $1,594,829

  • 10c · Land, buildings and equipment, net

    beginning of year $1,243,953 · end of year $1,166,821

  • 15 · Other assets

    beginning of year $305,481 · end of year $371,648

  • 17 · Accounts payable and accrued expenses

    beginning of year $94,377 · end of year $54,667

  • 19 · Deferred revenue

    beginning of year $196 · end of year $119

  • 23 · Secured mortgages and notes payable

    beginning of year $2,347,500 · end of year $2,347,500

  • 25 · Other liabilities

    beginning of year $17,408 · end of year $15,834

  • 27 · Net assets without donor restrictions

    beginning of year -$856,460 · end of year -$863,236

Mission and programs · 2023

Mission

TO PROVIDE COMMUNITY BASED HOUSING FOR THE ELDERLY AND/OR HANDICAPPED.

Activities or mission (Part I)

PROVIDE LOW INCOME HOUSING FOR THE ELDERLY AND/OR HANDICAPPED

  • TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND/OR HANDICAPPED IN THE BELMONT, NH AREA

    Expenses $383,125 · Revenue $201,021

As filed on the 2023 return.

Listed in Part VII

  • JANICE HAMMOND

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • TOM CLAIRMONT

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • DIANNE PETERSON

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • ALICIA SEGALINI

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • LARRY DEROSIA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • BOB MARCOUX

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SUZI BARD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2023
Filed
9 July 2024
IRS schema version
2023v5.1
Source object
202422279349301572

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.