Totals
- Total revenue
- $3,151,219
- Total expenses
- $3,058,642
- Contributions and grants received
- $808,147
- Grants paid
- $0
- Program service revenue
- $2,307,467
- Investment income
- $11,865
- Other revenue
- $23,740
- Total assets, end of year
- $11,602,859
- Total liabilities, end of year
- $4,063,402
- Net assets or fund balances, end of year
- $7,539,457
- Program services expenses (Part IX)
- $2,691,845
- Management and general expenses
- $211,602
- Fundraising expenses
- $155,195
- Program service expenses (Part III)
- $2,691,845
Program services were 88.0% 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.
-
1f · All other contributions, gifts and grants
$808,147
-
1g · Noncash contributions included above
$11,421
-
2a · Program service revenue: SERVICE FEES
total $1,065,578 · related or exempt $1,065,578
-
2b · Program service revenue: DEVELOPER FEES
total $655,092 · related or exempt $655,092
-
2c · Program service revenue: RENTAL INCOME
total $586,797 · related or exempt $586,797
-
3 · Investment income
total $6,865 · excluded $6,865
-
7a · Gross sales of assets other than inventory
other assets $5,000
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $5,000
-
7d · Net gain or loss
total $5,000 · related or exempt $5,000
-
11a · Other revenue: MISCELLANEOUS INCOME
total $23,740 · related or exempt $23,740
-
11e · Other revenue, total
$23,740
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $116,922 · program services $81,845 · management and general $23,385 · fundraising $11,692
-
7 · Other salaries and wages
total $1,345,671 · program services $1,179,483 · management and general $103,457 · fundraising $62,731
-
8 · Pension plan contributions
total $22,777 · program services $19,643 · management and general $1,975 · fundraising $1,159
-
9 · Other employee benefits
total $236,849 · program services $204,257 · management and general $20,540 · fundraising $12,052
-
10 · Payroll taxes
total $116,971 · program services $100,875 · management and general $10,144 · fundraising $5,952
-
11b · Fees: legal
total $17,047 · program services $14,717 · management and general $1,469 · fundraising $861
-
11c · Fees: accounting
total $36,474 · program services $31,488 · management and general $3,142 · fundraising $1,844
-
11g · Fees: other
total $97,501 · program services $84,173 · management and general $8,399 · fundraising $4,929
-
13 · Office expenses
total $222,249 · program services $201,039 · management and general $13,367 · fundraising $7,843
-
16 · Occupancy
total $131,192 · program services $120,136 · management and general $6,967 · fundraising $4,089
-
17 · Travel
total $44,698 · program services $38,548 · management and general $3,876 · fundraising $2,274
-
20 · Interest
total $127,563 · program services $126,005 · management and general $982 · fundraising $576
-
22 · Depreciation, depletion and amortization
total $140,058 · program services $128,218 · management and general $7,462 · fundraising $4,378
-
23 · Insurance
total $40,155 · program services $38,016 · management and general $1,348 · fundraising $791
-
24a · Other expenses: REPAIRS & MAINTENANCE
total $141,161 · program services $141,161
-
24b · Other expenses: UTILITIES
total $124,333 · program services $124,333
-
24c · Other expenses: PROJECT COSTS
total $33,516 · program services $28,904 · management and general $2,907 · fundraising $1,705
-
24d · Other expenses: FUNDRAISING EXPENSES
total $31,875 · program services $721 · management and general $73 · fundraising $31,081
-
24e · All other expenses
total $31,630 · program services $28,283 · management and general $2,109 · fundraising $1,238
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $105,165 · end of year $218,608
-
2 · Savings and temporary cash investments
beginning of year $1,688,471 · end of year $1,846,011
-
4 · Accounts receivable
beginning of year $8,849 · end of year $35,979
-
7 · Other notes and loans receivable
beginning of year $261,861 · end of year $295,152
-
9 · Prepaid expenses and deferred charges
beginning of year $130,165 · end of year $167,014
-
10a · Land, buildings and equipment: cost or other basis
$4,788,360
-
10b · Land, buildings and equipment: accumulated depreciation
$457,312
-
10c · Land, buildings and equipment, net
beginning of year $2,602,271 · end of year $4,331,048
-
15 · Other assets
beginning of year $4,349,789 · end of year $4,709,047
-
17 · Accounts payable and accrued expenses
beginning of year $224,932 · end of year $319,624
-
23 · Secured mortgages and notes payable
beginning of year $1,319,919 · end of year $3,328,036
-
25 · Other liabilities
beginning of year $13,928 · end of year $415,742
-
27 · Net assets without donor restrictions
beginning of year $6,407,832 · end of year $6,567,501
-
28 · Net assets with donor restrictions
beginning of year $1,179,960 · end of year $971,956
Mission and programs · 2022
Mission
TWIN PINES HOUSING TRUST'S MISSION IS TO INCREASE ACCESS TO QUALITY HOUSING AND SUPPORTIVE SERVICES TO MEET THE PRESSING AND LONG-TERM NEEDS OF THE UPPER VALLEY COMMUNITY.
-
THE TRUST OWNS AND OPERATES A PORTFOLIO OF LOW/MODERATE INCOME RENTAL HOUSING PROPERTIES.
Expenses $1,942,335 · Revenue $1,582,735
-
THE SUPPORTIVE SERVICES PROGRAM OF THE TRUST PROVIDES EDUCATION, OUTREACH, AND COORDINATION OF SOCIAL SERVICES SO THAT LOW-INCOME TENANTS OF THE AFFORDABLE HOUSING THAT THE TRUST DEVELOPS CAN BE PROVIDED THE SKILLS TO BE SUCCESSFUL RESIDENTS.
Expenses $345,372 · Revenue $69,640
-
THE TRUST BUILDS NEW AFFORDABLE HOUSING AND ACQUIRES AND REHABILITATES PRIMARILY SUBSTANDARD RENTAL HOUSING INTO QUALITY AFFORDABLE HOUSING. THE TRUST'S PRIMARY SOURCE OF REVENUE IS FROM GRANTS, RENTAL INCOME, AND FEES RELATED TO THE DEVELOPMENT OF NEW AFFORDABLE HOUSING.
Expenses $404,138 · Revenue $655,092
As filed on the 2022 return.
Listed in Part VII
-
Denise JohnsonDENISE JOHNSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Jim LarrickJIM LARRICK
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Patrick O'HernPATRICK O'HERN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Angela ZhangANGELA ZHANG
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Allan WiemanALLAN WIEMAN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Evan CrossEVAN CROSS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Rudy FedrizziRUDY FEDRIZZI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Julia GriffinJULIA GRIFFIN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Alexa HolleranALEXA HOLLERAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Sara LeswingSARA LESWING
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Cindy NicodemusCINDY NICODEMUS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Dale ParkerDALE PARKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Julius TurnerJULIUS TURNER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Anthea LavalleeANTHEA LAVALLEE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
David PaulDAVID PAUL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Kevin LeverettKEVIN LEVERETT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Infiniti SanderferINFINITI SANDERFER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Jacqueline MongilloJACQUELINE MONGILLO
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Joyce WintersJOYCE WINTERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Andrew WinterANDREW WINTER
EXECUTIVE DIRECTOR
- Total calculated
- $124,165
- From this org
- $104,041
- From related orgs
- $0
- Other
- $20,124
- Hours/week
- 40
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.
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.
-
SOUTH MAIN STREET HOUSING TRUST
501(C)(3) · ACQUIRE, INVEST AND OPERATE AFFORDABLE HOUSING PROPERTY · VT
Directly controlled by TWIN PINES HOUSING TRUST
-
PARKHURST COMMUNITY HOUSING INC
501(C)(25) · ACQUIRE, INVEST AND OPERATE AFFORDABLE HOUSING PROPERTY · NH · controlled entity
Directly controlled by TWIN PINES HOUSING TRUST
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
BUGBEE STREET PROPERTIES
DEVELOP LOW INCOME PROPERTIES · VT
-
GILE COMMUNITY HOUSING REAL ESTATE LLC
INVEST IN AFFORDABLE HOUSING PROPERTIES · VT
-
SAFFORD GP INC
ACQUIRE, INVEST AND OPERATE AFFORDABLE HOUSING PROPERTY · VT
-
TPHT 2011 INC
ACQUIRE, INVEST AND OPERATE AFFORDABLE HOUSING PROPERTY · VT
-
RIVERMERE COMMUNITY HOUSING GP
ACQUIRE, INVEST AND OPERATE AFFORDABLE HOUSING PROPERTY · VT
-
HANOVER HOUSING AT GILE LLC
ACQUIRE, INVEST AND OPERATE AFFORDABLE HOUSING PROPERTY · VT
-
WCH GP INC
ACQUIRE, INVEST AND OPERATE AFFORDABLE HOUSING PROPERTY · VT
-
TRACY COMMUNITY HOUSING GP INC
ACQUIRE, INVEST AND OPERATE AFFORDABLE HOUSING PROPERTY · VT
-
HANOVER HOUSING GP INC
ACQUIRE, INVEST AND OPERATE AFFORDABLE HOUSING PROPERTY · VT
-
HSS GP INC
ACQUIRE, INVEST AND OPERATE AFFORDABLE HOUSING PROPERTY · VT
-
BH2 GP INC
ACQUIRE, INVEST AND OPERATE AFFORDABLE HOUSING PROPERTY · VT
-
SPCH GP INC
ACQUIRE, INVEST AND OPERATE AFFORDABLE HOUSING PROPERTY · VT
-
WCH PHASE 2 GP INC
ACQUIRE, INVEST AND OPERATE AFFORDABLE HOUSING PROPERTY · VT
-
SPCH2 GP INC
ACQUIRE, INVEST AND OPERATE AFFORDABLE HOUSING PROPERTY · VT
-
747HA GP INC
ACQUIRE, INVEST AND OPERATE AFFORDABLE HOUSING PROPERTY · VT
-
MCH GP INC
ACQUIRE, INVEST AND OPERATE AFFORDABLE HOUSING PROPERTY · VT
-
RCH GP INC
ACQUIRE, INVEST AND OPERATE AFFORDABLE HOUSING PROPERTY · VT
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
BRIARS HOUSING 2 LIMITED PARTNERSHIP
RELATED · HOUSING · VT · 0.1% owned
-
UPPER VALLEY SUPPORTIVE HOUSING LIMITED PARTNERSHIP
RELATED · HOUSING · VT · 99.9% owned
-
GILE DRIVE LIMITED PARTNERSHIP
RELATED · HOUSING · VT · 0.01% owned
-
HOLLOW DRIVE LIMITED PARTNERSHIP
RELATED · HOUSING · VT · 2.5% owned
-
OVERLOOK HOUSING LIMITED PARTNERSHIP
RELATED · HOUSING · VT · 99% owned
-
SAFFORD COMMONS HOUSING LP
RELATED · HOUSING · VT · 0.01% owned
-
DEWITT DRIVE HOUSING LP
RELATED · HOUSING · VT · 0.01% owned
-
RIVERMERE COMMUNITY HOUSING LP
RELATED · HOUSING · VT · 0.01% owned
-
SAFFORD REAL ESTATE LLC
RELATED · HOUSING · VT · 50% owned
-
GILE DRIVE PHASE 2 LP
RELATED · HOUSING · VT · 0.01% owned
-
HARTFORD SCATTERED SITES LP
RELATED · HOUSING · VT · 0.01% owned
-
WENTWORTH COMMUNITY HOUSING LP
RELATED · HOUSING · VT · 0.01% owned
-
TRACY COMMUNITY HOUSING LP
RELATED · HOUSING · VT · 0.01% owned
-
SUMMER PARK COMMUNITY HOUSING LP
RELATED · HOUSING · VT · 0.01% owned
-
WCH 2 LIMITED PARTNERSHIP
RELATED · HOUSING · VT · 0.01% owned
-
SUMMER PARK 2 COMMUNITY HOUSING LIMITED PARTNERSHIP
RELATED · HOUSING · VT · 0.01% owned
-
747 HARTFORD AVENUE LIMITED PARTNERSHIP
RELATED · HOUSING · VT · 0.01% owned
-
MOUNTAINVALE COMMUNITY HOUSING LIMITED PARTNERSHIP
RELATED · HOUSING · VT · 0.01% owned
-
RIVERWALK COMMUNITY HOUSING LIMITED PARTNERSHIP
RELATED · HOUSING · VT · 0% owned
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202441439349301004
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