Form 990 for tax year 2024
Filed by SHALLOW RIVER PROPERTIES INC WASHINGTON ST.
Totals
- Total revenue
- $1,148,758
- Total expenses
- $1,184,588
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $1,097,290
- Investment income
- $51,468
- Other revenue
- $0
- Total assets, end of year
- $12,219,998
- Total liabilities, end of year
- $4,666,856
- Net assets or fund balances, end of year
- $7,553,142
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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: Rent and residential f
total $1,097,290 · related or exempt $1,097,290
-
3 · Investment income
total $51,468 · excluded $51,468
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $78,428
-
11b · Fees: legal
total $4,620
-
11c · Fees: accounting
total $39,932
-
11g · Fees: other
total $248,060
-
13 · Office expenses
total $66,880
-
14 · Information technology
total $8,191
-
16 · Occupancy
total $584,220
-
17 · Travel
total $185
-
22 · Depreciation, depletion and amortization
total $133,095
-
23 · Insurance
total $13,975
-
24a · Other expenses: Miscellaneous Expense
total $7,002
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $650 · end of year $650
-
2 · Savings and temporary cash investments
beginning of year $1,864,029 · end of year $6,007,011
-
4 · Accounts receivable
beginning of year $32,766 · end of year $29,969
-
9 · Prepaid expenses and deferred charges
beginning of year $3,885 · end of year $9,935
-
10a · Land, buildings and equipment: cost or other basis
$9,900,078
-
10b · Land, buildings and equipment: accumulated depreciation
$7,237,653
-
10c · Land, buildings and equipment, net
beginning of year $2,795,522 · end of year $2,662,425
-
11 · Investments: publicly traded securities
beginning of year $2,639,389 · end of year $2,961,567
-
15 · Other assets
beginning of year $79,053 · end of year $548,441
-
17 · Accounts payable and accrued expenses
beginning of year $44,915 · end of year $29,135
-
25 · Other liabilities
beginning of year $4,238 · end of year $4,637,721
-
27 · Net assets without donor restrictions
beginning of year $7,366,141 · end of year $7,553,142
Mission and programs · 2024
Mission
To own and manage real property for Northern Human Services, Inc.
-
Provide group home and office space for use in exempt purposes of affiliate Northern Human Services, Inc., a 501(c)(3) exempt organization.
As filed on the 2024 return.
Listed in Part VII
-
Dorothy Borchers
President
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Marti Faulkner
Secretary
- Total calculated
- $0
- Hours/week
- 2
-
Steve Schofield
Board Member
- Total calculated
- $0
- Hours/week
- 2
-
Margaret McClellan
Board Member
- Total calculated
- $0
- Hours/week
- 2 + 2 related
-
Shawn Bromley
CFO
- Total calculated
- $166,993
- From this org
- $0
- From related orgs
- $147,096
- Other
- $19,897
- Hours/week
- 1 + 35 related
Schedule J breakdown matched by us
- Base
- $0 + $147,096 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $4,496 related
- Nontaxable benefits
- $0 + $15,401 related
- Filer's total
- $0 + $166,993 related
-
Suzanne Gaetjens-Oleson
CEO
- Total calculated
- $180,853
- From this org
- $0
- From related orgs
- $175,234
- Other
- $5,619
- Hours/week
- 1 + 35 related
Schedule J breakdown matched by us
- Base
- $0 + $155,234 related
- Bonus
- $0 + $10,000 related
- Other
- $0 + $10,000 related
- Deferred
- $0 + $5,076 related
- Nontaxable benefits
- $0 + $543 related
- Filer's total
- $0 + $180,853 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)
- Part I, Line 3
- Northern Human Services, Inc., a related organization, establishes the compensation for the Organization's CEO. Northern Human Services, Inc. uses a variety of resources to establish compensation as follows: 1. Written employment contract 2. Approval by the board/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) · To assist people affected by mental illness and developmental disabilities · NH
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 11 May 2026
- IRS schema version
- 2024v5.5
- Source object
- 202601329349300920
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