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Nonprofiteer
← PLEASANT STREET HOUSING INC

Form 990 for tax year 2023

Filed by PLEASANT STREET HOUSING INC.

Totals

Total revenue
$275,119
Total expenses
$282,827
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$275,049
Investment income
$70
Other revenue
$0
Total assets, end of year
$560,349
Total liabilities, end of year
$963,195
Net assets or fund balances, end of year
-$402,846
Program services expenses (Part IX)
$239,367
Management and general expenses
$43,460
Fundraising expenses
$0
Program service expenses (Part III)
$239,367

Program services were 84.6% 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.

  • 2a · Program service revenue: Program Revenue

    total $263,950 · related or exempt $262,868 · excluded $1,082

  • 2b · Program service revenue: Miscellaneous Revenue

    total $11,099 · related or exempt $11,099

  • 3 · Investment income

    total $70 · excluded $70

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $16,440 · management and general $16,440

  • 11b · Fees: legal

    total $803 · management and general $803

  • 11c · Fees: accounting

    total $22,039 · management and general $22,039

  • 11g · Fees: other

    total $1,968 · management and general $1,968

  • 13 · Office expenses

    total $7,609 · program services $7,609

  • 16 · Occupancy

    total $121,249 · program services $121,249

  • 20 · Interest

    total $50,985 · program services $50,985

  • 22 · Depreciation, depletion and amortization

    total $39,682 · program services $39,682

  • 24a · Other expenses: Res. Svc. Coordinator

    total $12,641 · program services $12,641

  • 24b · Other expenses: Supplies

    total $7,194 · program services $7,194

  • 24c · Other expenses: Bad Debt

    total $2,210 · management and general $2,210

  • 24d · Other expenses: Miscellaneous

    total $7 · program services $7

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $140,506 · end of year $124,642

  • 4 · Accounts receivable

    beginning of year $5,139 · end of year $1,525

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $1,562

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

    $1,426,619

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

    $1,000,665

  • 10c · Land, buildings and equipment, net

    beginning of year $465,636 · end of year $425,954

  • 15 · Other assets

    beginning of year $5,533 · end of year $6,666

  • 17 · Accounts payable and accrued expenses

    beginning of year $110,047 · end of year $102,117

  • 19 · Deferred revenue

    beginning of year $937 · end of year $1,487

  • 23 · Secured mortgages and notes payable

    beginning of year $876,911 · end of year $848,917

  • 25 · Other liabilities

    beginning of year $24,057 · end of year $10,674

  • 27 · Net assets without donor restrictions

    beginning of year -$395,138 · end of year -$402,846

Mission and programs · 2023

Mission

Apartment complex to provide housing to low income adults living with mental illness who are served by its sponsor, Shalom House, Inc. Shalom House, Inc. provides an array of community-based mental health services and a choice of affordable quality housing to persons suffering from severe mental illness.

Activities or mission (Part I)

Apartment complex to provide housing to low income adults living with mental illness who are served by its sponsor, Shalom House, Inc.

  • To provide HUD subsidized apartments for low income adults living with mental illness.

    Expenses $239,367 · Revenue $275,049

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mark Adelson

    Presdient

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • Gary Rogers

    Vice President

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • James Ascanio

    Treasurer

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Kelly Webber

    Assistant Treasurer

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • Holly Burbank

    Secretary

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • Shawn Baldwin

    Director

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • Richard Fischer

    Director

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • Brian Kilgallen

    Director

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • Rebecca Kingsley Sewall

    Director

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • Susan Lichtman Maataoui PhD

    Director

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • Lisa Whitt

    Director

    Total calculated
    $0
    Hours/week
    0.25 + 1 related

  • Jennifer Yahr

    Director

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • Cheryl Ramsay

    Past Secretary

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • Diane Atwood

    Past Director

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • Eleanor Dudek

    Past Director

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • Beth Elicker

    Past Director

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • Curt Sachs

    Past Director

    Total calculated
    $0
    Hours/week
    0.25 + 0.75 related

  • Mary Haynes-Rodgers

    Executive Director

    Total calculated
    $171,614
    From this org
    $0
    From related orgs
    $165,039
    Other
    $6,575
    Hours/week
    5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $124,468 related
    Bonus
    $0 + $4,000 related
    Other
    $0 + $36,571 related
    Deferred
    $0 + $4,999 related
    Nontaxable benefits
    $0 + $1,576 related
    Filer's total
    $0 + $171,614 related

  • Douglas Davidson

    Finance Director

    Total calculated
    $37,976
    From this org
    $0
    From related orgs
    $37,158
    Other
    $818
    Hours/week
    5 + 40 related

  • Jan-Marie Lindholm

    Past Finance Director

    Total calculated
    $71,555
    From this org
    $0
    From related orgs
    $70,554
    Other
    $1,001
    Hours/week
    5 + 40 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

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.

  • 30 Mellen Street LP

    Provide Housing · ME

  • Ninety High LP co Shalom House Inc

    Provide Housing · ME

  • 315 Valley Street LP

    Provide Housing · ME

Related corporations and trusts

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

  • Shalom House Valley Street Development

    C · Development · ME

  • Shalom Mellen Street Inc

    C · Provide Housing · ME

Provenance

Return type
form_990
Tax year
2023
Filed
25 February 2025
IRS schema version
2023v6.0
Source object
202530579349301223

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