Form 990 for tax year 2025
Filed by NORWAY AREA NON-PROFIT HOUSING CORPORATION.
Totals
- Total revenue
- $208,305
- Total expenses
- $216,205
- Contributions and grants received
- $112,087
- Grants paid
- $0
- Program service revenue
- $96,093
- Investment income
- $125
- Other revenue
- $0
- Total assets, end of year
- $362,139
- Total liabilities, end of year
- $628,706
- Net assets or fund balances, end of year
- -$266,567
- Program services expenses (Part IX)
- $191,455
- Management and general expenses
- $24,750
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $191,455
Program services were 88.6% 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)
$112,087
-
2a · Program service revenue: RENT
total $93,018 · related or exempt $93,018
-
2b · Program service revenue: LAUNDRY/VENDING
total $3,075 · related or exempt $3,075
-
3 · Investment income
total $125 · excluded $125
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $20,435 · program services $20,435
-
8 · Pension plan contributions
total $1,280 · program services $1,280
-
9 · Other employee benefits
total $9,277 · program services $9,277
-
10 · Payroll taxes
total $1,406 · program services $1,406
-
11a · Fees: management
total $20,468 · management and general $20,468
-
11b · Fees: legal
total $1,500 · management and general $1,500
-
11c · Fees: accounting
total $2,782 · management and general $2,782
-
13 · Office expenses
total $1,201 · program services $1,201
-
16 · Occupancy
total $74,817 · program services $74,817
-
17 · Travel
total $2,573 · program services $2,573
-
20 · Interest
total $36,351 · program services $36,351
-
22 · Depreciation, depletion and amortization
total $34,573 · program services $34,573
-
23 · Insurance
total $9,542 · program services $9,542
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $48,346 · end of year $33,360
-
2 · Savings and temporary cash investments
end of year $24,635
-
4 · Accounts receivable
end of year $261
-
9 · Prepaid expenses and deferred charges
beginning of year $3,875 · end of year $4,889
-
10a · Land, buildings and equipment: cost or other basis
$970,319
-
10b · Land, buildings and equipment: accumulated depreciation
$671,325
-
10c · Land, buildings and equipment, net
beginning of year $328,797 · end of year $298,994
-
17 · Accounts payable and accrued expenses
beginning of year $23,194 · end of year $23,870
-
23 · Secured mortgages and notes payable
beginning of year $603,963 · end of year $592,177
-
25 · Other liabilities
beginning of year $12,528 · end of year $12,659
-
27 · Net assets without donor restrictions
beginning of year -$258,667 · end of year -$266,567
Mission and programs · 2025
Mission
PROVIDE HOUSING TO ELDERLY INDIVIDUALS.
-
PROVIDED HOUSING TO INDIVIDUALS WHO OCCUPIED THE 20 UNITS.
Expenses $191,455 · Revenue $96,093
As filed on the 2025 return.
Listed in Part VII
-
Marvin PollardMARVIN POLLARD
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Greg VargoGREG VARGO
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sandy PeroceschiSANDY PEROCESCHI
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Debbie TanguayDEBBIE TANGUAY
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Chris SpenceCHRIS SPENCE
SECRETARY/TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Tom PearmanTOM PEARMAN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Terry SpenceTERRY SPENCE
PRESIDENT
- 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.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 19 March 2026
- IRS schema version
- 2025v4.0
- Source object
- 202610799349300716
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