Form 990 for tax year 2023
Filed by LAMOILLE AREA HOUSING CORPORATION THE.
Totals
- Total revenue
- $536,776
- Total expenses
- $588,920
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $535,570
- Investment income
- $1,206
- Other revenue
- $0
- Total assets, end of year
- $816,865
- Total liabilities, end of year
- $145,049
- Net assets or fund balances, end of year
- $671,816
- Program services expenses (Part IX)
- $366,322
- Management and general expenses
- $222,598
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $366,322
Program services were 62.2% 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 $534,375 · related or exempt $534,375
-
2b · Program service revenue: OTHER REVENUE
total $1,195 · related or exempt $1,195
-
2f · All other program service revenue
total $0 · related or exempt $0 · unrelated business $0 · excluded $0
-
3 · Investment income
total $1,206 · excluded $1,206
-
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 $175,876 · program services $117,192 · management and general $58,684
-
9 · Other employee benefits
total $51,888 · program services $34,575 · management and general $17,313
-
11a · Fees: management
total $13,295 · management and general $13,295
-
11b · Fees: legal
total $5,490 · management and general $5,490
-
11c · Fees: accounting
total $20,375 · management and general $20,375
-
11g · Fees: other
total $41,246 · program services $27,483 · management and general $13,763 · fundraising $0
-
12 · Advertising and promotion
total $162 · program services $108 · management and general $54
-
13 · Office expenses
total $43,679 · program services $29,105 · management and general $14,574
-
16 · Occupancy
total $176,945 · program services $117,904 · management and general $59,041
-
22 · Depreciation, depletion and amortization
total $43,899 · program services $29,251 · management and general $14,648
-
23 · Insurance
total $9,580 · program services $6,383 · management and general $3,197
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $5,699 · program services $3,797 · management and general $1,902
-
24b · Other expenses: LICENSES, DUES, SUBSCRIPTION
total $786 · program services $524 · management and general $262
-
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 $2,712 · end of year $6,022
-
4 · Accounts receivable
beginning of year $37,468 · end of year $40,482
-
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
-
8 · Inventories for sale or use
beginning of year $3,555 · end of year $5,676
-
9 · Prepaid expenses and deferred charges
beginning of year $7,639 · end of year $5,947
-
10a · Land, buildings and equipment: cost or other basis
$2,787,448
-
10b · Land, buildings and equipment: accumulated depreciation
$2,333,783
-
10c · Land, buildings and equipment, net
beginning of year $494,715 · end of year $453,665
-
12 · Investments: other securities
beginning of year $0
-
13 · Investments: program-related
beginning of year $0
-
15 · Other assets
beginning of year $299,954 · end of year $304,873
-
17 · Accounts payable and accrued expenses
beginning of year $29,732 · end of year $40,649
-
19 · Deferred revenue
beginning of year $2,445 · end of year $3,741
-
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 $13,038 · end of year $0
-
25 · Other liabilities
beginning of year $77,068 · end of year $100,659
-
27 · Net assets without donor restrictions
beginning of year $723,960 · end of year $671,816
Mission and programs · 2023
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 $366,322 · Revenue $535,570
As filed on the 2023 return.
Listed in Part VII
-
Anne BongiornoANNE BONGIORNO
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
Bob BleimeisterBOB BLEIMEISTER
TREASURER
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
Deborah PomeroyDEBORAH POMEROY
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
Joseph WoodinJOSEPH WOODIN
CEO
- Total calculated
- $571,374
- From this org
- $0
- From related orgs
- $549,417
- Other
- $21,957
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $502,919 related
- Bonus
- $0
- Other
- $0 + $46,498 related
- Deferred
- $0 + $4,910 related
- Nontaxable benefits
- $0 + $17,047 related
- Filer's total
- $0 + $571,374 related
-
Kathy DemarsKATHY DEMARS
TRUSTEE / CHAIR BEG 02/24
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
Nancy BanksNANCY BANKS
CHAIR END 02/24
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
Alden LaunerALDEN LAUNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
Bethany SalvasBETHANY SALVAS
TRUSTEE BEG 02/24
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
Cameron PageCAMERON PAGE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
Carl SzlachetkaCARL SZLACHETKA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 4.9 related
-
Christopher TowneCHRISTOPHER TOWNE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
Dan NoyesDAN NOYES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
David SilvermanDAVID SILVERMAN
TRUSTEE END 02/24
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
Diane CoteDIANE COTE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
Francis LandreyFRANCIS LANDREY
TRUSTEE BEG 02/24
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
J Martin Linseisen MDJ MARTIN LINSEISEN MD
TRUSTEE END 02/24
- Total calculated
- $456,961
- From this org
- $0
- From related orgs
- $404,314
- Other
- $52,647
- Hours/week
- 0.1 + 39.9 related
Schedule J breakdown matched by us
- Base
- $0 + $393,316 related
- Bonus
- $0
- Other
- $0 + $10,998 related
- Deferred
- $0 + $11,300 related
- Nontaxable benefits
- $0 + $41,347 related
- Filer's total
- $0 + $456,961 related
-
James HodgeJAMES HODGE
TRUSTEE BEG 02/24
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
Kristen SharplessKRISTEN SHARPLESS
TRUSTEE END 06/24
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
Mike FeulnerMIKE FEULNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
Nan Carle BeauregardNAN CARLE BEAUREGARD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 2.9 related
-
Pamela StanyonPAMELA STANYON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.1 + 1.9 related
-
Travis KnappTRAVIS KNAPP
TRUSTEE BEG 02/24
- Total calculated
- $481,041
- From this org
- $0
- From related orgs
- $427,820
- Other
- $53,221
- Hours/week
- 0.1 + 39.9 related
Schedule J breakdown matched by us
- Base
- $0 + $406,982 related
- Bonus
- $0
- Other
- $0 + $20,838 related
- Deferred
- $0 + $12,369 related
- Nontaxable benefits
- $0 + $40,852 related
- Filer's total
- $0 + $481,041 related
-
Walter FrameWALTER FRAME
TRUSTEE END 02/24
- Total calculated
- $0
- Hours/week
- 0.1 + 2.9 related
-
Jeffrey HebertJEFFREY HEBERT
CFO
- Total calculated
- $272,116
- From this org
- $0
- From related orgs
- $260,707
- Other
- $11,409
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $250,292 related
- Bonus
- $0
- Other
- $0 + $10,415 related
- Deferred
- $0 + $10,241 related
- Nontaxable benefits
- $0 + $1,168 related
- Filer's total
- $0 + $272,116 related
-
Lori ProfotaLORI PROFOTA
CNO END 02/24
- Total calculated
- $257,943
- From this org
- $0
- From related orgs
- $218,967
- Other
- $38,976
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $216,586 related
- Bonus
- $0
- Other
- $0 + $2,381 related
- Deferred
- $0 + $6,238 related
- Nontaxable benefits
- $0 + $32,738 related
- Filer's total
- $0 + $257,943 related
-
Samantha AllaireSAMANTHA ALLAIRE
NURSE MGR / INTERIM CNO BEG 07/23
- Total calculated
- $128,421
- From this org
- $0
- From related orgs
- $87,364
- Other
- $41,057
- Hours/week
- 1 + 39 related
-
Wayne StockbridgeWAYNE STOCKBRIDGE
CHIEF ADMIN & HR OFFICER
- Total calculated
- $300,312
- From this org
- $0
- From related orgs
- $249,773
- Other
- $50,539
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $0 + $218,340 related
- Bonus
- $0
- Other
- $0 + $31,433 related
- Deferred
- $0 + $8,647 related
- Nontaxable benefits
- $0 + $41,892 related
- Filer's total
- $0 + $300,312 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.
-
501(c)(3) · HOSPITAL · VT
Directly controlled by CHSI
-
501(c)(3) · SUPPORT · VT
Directly controlled by NA
-
501(c)(3) · HOUSING · VT
Directly controlled by CHSI
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
- 2023
- Filed
- 12 August 2025
- IRS schema version
- 2023v6.0
- Source object
- 202532249349302218
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