Skip to content
Nonprofiteer
← 101 MAIN STREET INC

Form 990 for tax year 2024

Filed by 101 MAIN STREET INC.

Totals

Total revenue
$64,156
Total expenses
$178,945
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$63,600
Investment income
$556
Other revenue
$0
Total assets, end of year
$3,279,926
Total liabilities, end of year
$3,077,155
Net assets or fund balances, end of year
$202,771
Program services expenses (Part IX)
$178,945
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$178,945

Program services were 100.0% 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 Income

    total $63,600 · related or exempt $63,600

  • 3 · Investment income

    total $556 · excluded $556

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $1,084 · program services $1,084

  • 11g · Fees: other

    total $21,609 · program services $21,609

  • 20 · Interest

    total $30,470 · program services $30,470

  • 22 · Depreciation, depletion and amortization

    total $125,782 · program services $125,782

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $55,662 · end of year $116,139

  • 2 · Savings and temporary cash investments

    beginning of year $72,423 · end of year $61,847

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

    $3,459,003

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

    $357,063

  • 10c · Land, buildings and equipment, net

    beginning of year $3,227,722 · end of year $3,101,940

  • 15 · Other assets

    beginning of year $28,795 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,730 · end of year $13,968

  • 23 · Secured mortgages and notes payable

    beginning of year $3,056,061 · end of year $3,063,187

  • 25 · Other liabilities

    beginning of year $2,251 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

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

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $317,560 · end of year $202,771

Mission and programs · 2024

Mission

101 Main Street, Inc. is a non-profit supporting organization of The Northern Forest Center, Inc. 101 Main Street, Inc., holds title to the Parker J. Noyes building at 101 Main Street in Lancaster, NH.

Activities or mission (Part I)

101 Main Street, Inc. is a non-profit supporting organization of The Northern Forest Center, Inc.

  • 101 Main Street, Inc., served as the fiduciary agent and owner of the 11,000-square-foot property at 101 Main Street in Lancaster, NH. This historic property is known as the Parker J. Noyes building and is sited at the north end of Lancaster's traditional downtown district. The Northern Forest Center, Inc., is redeveloping the property to provide improved commercial and residential real estate that will serve Lancaster's needs for quality rental properties and as an economic hub of New Hampshire's North Country.

    Expenses $178,945 · Revenue $63,600

As filed on the 2024 return.

Listed in Part VII

  • Robert Riley

    President

    Total calculated
    $197,963
    From this org
    $0
    From related orgs
    $164,989
    Other
    $32,974
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,989 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,303 related
    Nontaxable benefits
    $0 + $27,671 related
    Filer's total
    $0 + $197,963 related

  • Jim Tibbetts

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Tabitha Bowling

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Terry Large

    Director

    Total calculated
    $0
    Hours/week
    1

  • Richard Nichols

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tim Volk

    Chair

    Total calculated
    $0
    Hours/week
    1 + 2 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

  • 3 · Approval by the board or compensation committee

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.

Provenance

Return type
form_990
Tax year
2024
Filed
23 February 2026
IRS schema version
2024v5.5
Source object
202630579349301608

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.