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Nonprofiteer
← South Street Downtown Holdings Inc

Form 990 for tax year 2023

Filed by South Street Downtown Holdings Inc.

Totals

Total revenue
$346,458
Total expenses
$153,276
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$168,150
Investment income
$0
Other revenue
$178,308
Total assets, end of year
$20,699,248
Total liabilities, end of year
$613,943
Net assets or fund balances, end of year
$20,085,305
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
$0

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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $0

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: Rental income from related organization

    total $168,150 · related or exempt $168,150 · unrelated business $0 · excluded $0

  • 2b · Program service revenue

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

  • 2c · Program service revenue

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

  • 2d · Program service revenue

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

  • 2e · Program service revenue

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

  • 2f · All other program service revenue

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

  • 3 · Investment income

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

  • 4 · Income from investment of tax-exempt bond proceeds

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

  • 5 · Royalties

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

  • 6a · Gross rents

    real property $2,015,697 · personal property $0

  • 6b · Less rental expenses

    real property $1,837,389 · personal property $0

  • 6c · Rental income or loss

    real property $178,308 · personal property $0

  • 6d · Net rental income or loss

    total $178,308 · related or exempt $178,308 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $0

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

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

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

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

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

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

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $0

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $0

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $153,276

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $338,062 · end of year $0

  • 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 $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $32,000 · end of year $80,000

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

    $30,435,718

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

    $9,816,470

  • 10c · Land, buildings and equipment, net

    beginning of year $20,530,183 · end of year $20,619,248

  • 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 $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $87,881 · end of year $510,241

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $5,774 · end of year $12,548

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $104,467 · end of year $91,154

  • 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 $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $100 · end of year $100

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $21,157,900 · end of year $20,347,900

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$455,877 · end of year -$262,695

Mission and programs · 2023

Mission

The Corporation is organized for the exclusive purpose of acquiring, holding title to, managing and leasing real property, collecting the income from real property and remitting the entire amount thereof, less expenses, to its shareholders, each of whom must be an organization described in Section 501(c)(25)(c) of the Code, and incurring acquisition indebtedness using the real property as collateral, and executing any mortgage, note, contract or obligation necessary or convenient to carry out the foregoing.

Activities or mission (Part I)

South Street Downtown Holdings, Inc. holds title to property located in downtown Hanover, NH. The Corporation generates rental income that is distributed to Trustees of Dartmouth College, its sole member.

  • The organization has been organized for the exclusive purpose of acquiring real property, holding title to and collecting income from such property, and remitting the entire amount of income from such property (less expenses) to Trustees of Dartmouth College.

As filed on the 2023 return.

Listed in Part VII

  • Daniel Justynski

    Vice President

    Total calculated
    $211,671
    From this org
    $0
    From related orgs
    $192,720
    Other
    $18,951
    Hours/week
    0.8 + 39.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,670 related
    Bonus
    $0
    Other
    $0 + $1,050 related
    Deferred
    $0 + $17,391 related
    Nontaxable benefits
    $0 + $1,560 related
    Filer's total
    $0 + $211,671 related

  • Dianne Ingalls

    Secretary

    Total calculated
    $402,816
    From this org
    $0
    From related orgs
    $363,323
    Other
    $39,493
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $300,823 related
    Bonus
    $0 + $62,500 related
    Other
    $0
    Deferred
    $0 + $26,404 related
    Nontaxable benefits
    $0 + $13,089 related
    Filer's total
    $0 + $402,816 related

  • Joshua Keniston

    President

    Total calculated
    $517,443
    From this org
    $0
    From related orgs
    $488,735
    Other
    $28,708
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $488,735 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $23,100 related
    Nontaxable benefits
    $0 + $5,608 related
    Filer's total
    $0 + $517,443 related

  • Stephen LeBlanc

    Treasurer

    Total calculated
    $74,305
    From this org
    $0
    From related orgs
    $48,584
    Other
    $25,721
    Hours/week
    0.8 + 19.2 related

  • Jessica Jones

    Director

    Total calculated
    $1,286,152
    From this org
    $0
    From related orgs
    $1,236,973
    Other
    $49,179
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $466,918 related
    Bonus
    $0 + $768,896 related
    Other
    $0 + $1,159 related
    Deferred
    $0 + $29,700 related
    Nontaxable benefits
    $0 + $19,479 related
    Filer's total
    $0 + $1,286,152 related

  • Robert S Frew

    Director

    Total calculated
    $534,106
    From this org
    $0
    From related orgs
    $489,498
    Other
    $44,608
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $489,498 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $29,700 related
    Nontaxable benefits
    $0 + $14,908 related
    Filer's total
    $0 + $534,106 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

The filer's explanations (Part III)

Schedule J, Part I, Line 3
All salaries included in Form 990 Part VII and in Schedule J are paid by Trustees of Dartmouth College

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • FARMSTEAD TR HOLDINGS LLC

    N/A · Investments · NJ

    Directly controlled by NA

Related corporations and trusts

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

  • Charitable Remainder Unitrusts

    Trust · Fundraising/Development · NH

    Directly controlled by NA

  • Pooled Income Funds

    Trust · Fundraising/Development · NH

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
20 December 2024
IRS schema version
2023v5.1
Source object
202413559349300526

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