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Nonprofiteer
← LAMOILLE AREA HOUSING CORPORATION THE

Form 990 for tax year 2022

Filed by LAMOILLE AREA HOUSING CORPORATION THE.

Totals

Total revenue
$616,331
Total expenses
$503,889
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$615,182
Investment income
$1,149
Other revenue
$0
Total assets, end of year
$846,243
Total liabilities, end of year
$122,283
Net assets or fund balances, end of year
$723,960
Program services expenses (Part IX)
$332,049
Management and general expenses
$171,840
Fundraising expenses
$0
Program service expenses (Part III)
$332,049

Program services were 65.9% 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: RENTAL REVENUE

    total $614,525 · related or exempt $614,525

  • 2b · Program service revenue: OTHER REVENUE

    total $657 · related or exempt $657

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,149 · excluded $1,149

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $110,427 · program services $79,083 · management and general $31,344

  • 9 · Other employee benefits

    total $41,255 · program services $29,545 · management and general $11,710

  • 11a · Fees: management

    total $11,964 · management and general $11,964

  • 11b · Fees: legal

    total $2,460 · management and general $2,460

  • 11c · Fees: accounting

    total $25,811 · management and general $25,811

  • 11g · Fees: other

    total $53,119 · program services $38,042 · management and general $15,077 · fundraising $0

  • 12 · Advertising and promotion

    total $51 · program services $37 · management and general $14

  • 13 · Office expenses

    total $15,659 · program services $11,213 · management and general $4,446

  • 16 · Occupancy

    total $170,005 · program services $121,750 · management and general $48,255

  • 20 · Interest

    total $6,471 · program services $4,634 · management and general $1,837

  • 22 · Depreciation, depletion and amortization

    total $41,002 · program services $29,364 · management and general $11,638

  • 23 · Insurance

    total $10,500 · program services $7,520 · management and general $2,980

  • 24a · Other expenses: LICENSES, DUES, SUBSCRIPTION

    total $1,093 · program services $783 · management and general $310

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $14,072 · program services $10,078 · management and general $3,994

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $200 · end of year $200

  • 2 · Savings and temporary cash investments

    beginning of year $28,419 · end of year $2,712

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $10,510 · end of year $37,468

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $4,563 · end of year $3,555

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,800 · end of year $7,639

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

    $2,785,669

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

    $2,290,954

  • 10c · Land, buildings and equipment, net

    beginning of year $506,472 · end of year $494,715

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $280,629 · end of year $299,954

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,367 · end of year $29,732

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $4,242 · end of year $2,445

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $150,071 · end of year $13,038

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $45,395 · end of year $77,068

  • 27 · Net assets without donor restrictions

    beginning of year $611,518 · end of year $723,960

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

TO PROVIDE LOW-INCOME ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR NEEDS AND TO PROMOTE THEIR HEALTH SECURITY, HAPPINESS AND USEFULNESS IN LONGER AND INDEPENDENT LIVING.

Activities or mission (Part I)

LESSORS OF 38-UNIT APARTMENT PROJECT TO PROVIDE SUBSIDIZED ELDERLY HOUSING.

  • TO PROVIDE LOW-INCOME ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR NEEDS AND TO PROMOTE THEIR HEALTH SECURITY, HAPPINESS AND USEFULNESS IN LONGER AND INDEPENDENT LIVING. THESE SERVICES ARE SUBSIDIZED BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT UNDER SECTION 8 AND 202 OF THE NATIONAL HOUSING ACT.

    Expenses $332,049 · Revenue $615,182

As filed on the 2022 return.

Listed in Part VII

  • Anne Bongiorno

    TRUSTEE / VICE CHAIR BEG 01/23

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related

  • Bob Bleimeister

    TRUSTEE / TREASURER BEG 01/23

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related

  • Carl Szlachetka

    TREASURER / TRUSTEE BEG 01/23

    Total calculated
    $0
    Hours/week
    0.1 + 4.9 related

  • David Silverman

    CHAIR / TRUSTEE BEG 01/23

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related

  • Deborah Pomeroy

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1 + 2.9 related

  • Joseph Woodin

    CEO

    Total calculated
    $640,163
    From this org
    $0
    From related orgs
    $611,117
    Other
    $29,046
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $457,333 related
    Bonus
    $0
    Other
    $0 + $153,784 related
    Deferred
    $0 + $9,379 related
    Nontaxable benefits
    $0 + $19,667 related
    Filer's total
    $0 + $640,163 related

  • Nancy Banks

    VICE CHAIR / CHAIR BEG 01/23

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related

  • Alden Launer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related

  • Cameron Page

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related

  • Christopher Towne

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related

  • Dan Noyes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related

  • Diane Cote

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related

  • Henry Binder MD

    TRUSTEE END 01/23

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related

  • J Martin Linseisen MD

    TRUSTEE

    Total calculated
    $432,630
    From this org
    $0
    From related orgs
    $389,954
    Other
    $42,676
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $387,995 related
    Bonus
    $0
    Other
    $0 + $1,960 related
    Deferred
    $0 + $10,245 related
    Nontaxable benefits
    $0 + $32,431 related
    Filer's total
    $0 + $432,631 related

  • Kathy Demars

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related

  • Kristen Sharpless

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related

  • Mike Feulner

    TRUSTEE - BEG 01/23

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related

  • Nan Carle Beauregard

    TRUSTEE - BEG 01/23

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related

  • Pamela Stanyon

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 1.9 related

  • Walter Frame

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1 + 2.9 related

  • Jeffrey Hebert

    CFO

    Total calculated
    $267,304
    From this org
    $0
    From related orgs
    $255,919
    Other
    $11,385
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $244,898 related
    Bonus
    $0
    Other
    $0 + $11,020 related
    Deferred
    $0 + $9,691 related
    Nontaxable benefits
    $0 + $1,694 related
    Filer's total
    $0 + $267,304 related

  • Lori Profota

    CNO

    Total calculated
    $223,192
    From this org
    $0
    From related orgs
    $191,381
    Other
    $31,811
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $189,604 related
    Bonus
    $0
    Other
    $0 + $1,777 related
    Deferred
    $0 + $4,042 related
    Nontaxable benefits
    $0 + $27,769 related
    Filer's total
    $0 + $223,193 related

  • Wayne Stockbridge

    CHIEF ADMIN & HR OFFICER

    Total calculated
    $244,478
    From this org
    $0
    From related orgs
    $198,828
    Other
    $45,650
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $195,236 related
    Bonus
    $0
    Other
    $0 + $3,592 related
    Deferred
    $0 + $8,633 related
    Nontaxable benefits
    $0 + $37,017 related
    Filer's total
    $0 + $244,478 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)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
COPLEY HOSPITAL, INC, A RELATED PARTY OF THE ORGANIZATION, USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIALS: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - WRITTEN EMPLOYMENT CONTRACT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OF 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.

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HEALTH CENTER BUILDING INC

    C Corporation · BUILDING RENTAL · VT

    Directly controlled by CHSI

Provenance

Return type
form_990
Tax year
2022
Filed
12 August 2024
IRS schema version
2022v5.0
Source object
202412259349301556

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