Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $1,859,401

• 1e · Government grants (contributions)

  $210,697

• 2a · Program service revenue: Tenant Rent

  total $2,701,666 · related or exempt $2,701,666

• 2b · Program service revenue: Laundry/Vending/Misc

  total $217,764 · related or exempt $217,764

• 3 · Investment income

  total $27,854 · excluded $27,854

• 9a · Gaming: gross income

  $94,282

• 9b · Gaming: direct expenses

  $10,550

• 9c · Net income from gaming

  total $83,732 · excluded $83,732

• 11a · Other revenue: Cancellation of Debt

  total $131,267 · excluded $131,267

• 11e · Other revenue, total

  $131,267

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $788,000 · program services $630,400 · management and general $94,560 · fundraising $63,040

• 10 · Payroll taxes

  total $58,223 · program services $46,578 · management and general $6,987 · fundraising $4,658

• 11a · Fees: management

  total $1,116,818 · program services $1,116,818

• 11b · Fees: legal

  total $32,905 · program services $26,324 · management and general $3,949 · fundraising $2,632

• 11c · Fees: accounting

  total $66,075 · program services $52,860 · management and general $7,929 · fundraising $5,286

• 11g · Fees: other

  total $5,417 · program services $4,334 · management and general $650 · fundraising $433

• 13 · Office expenses

  total $21,885 · program services $17,508 · management and general $2,626 · fundraising $1,751

• 14 · Information technology

  total $6,023 · program services $4,817 · management and general $723 · fundraising $483

• 16 · Occupancy

  total $1,020,771 · program services $886,168 · management and general $80,761 · fundraising $53,842

• 17 · Travel

  total $7,123 · program services $5,697 · management and general $855 · fundraising $571

• 20 · Interest

  total $290,561 · program services $232,449 · management and general $34,867 · fundraising $23,245

• 22 · Depreciation, depletion and amortization

  total $1,110,113 · program services $888,090 · management and general $133,214 · fundraising $88,809

• 23 · Insurance

  total $150,796 · program services $122,399 · management and general $18,095 · fundraising $10,302

• 24a · Other expenses: Repairs & Maintenance

  total $560,233 · program services $448,186 · management and general $67,228 · fundraising $44,819

• 24b · Other expenses: Condo Fees

  total $90,967 · program services $90,967

• 24c · Other expenses: Miscellaneous

  total $84,967 · program services $84,137 · management and general $500 · fundraising $330

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $420,828 · end of year $464,709

• 2 · Savings and temporary cash investments

  beginning of year $822,618 · end of year $1,386,085

• 4 · Accounts receivable

  beginning of year $36,095 · end of year $92,620

• 9 · Prepaid expenses and deferred charges

  beginning of year $55,528 · end of year $28,009

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

  $38,290,036

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

  $13,068,900

• 10c · Land, buildings and equipment, net

  beginning of year $23,516,441 · end of year $25,221,136

• 12 · Investments: other securities

  beginning of year $25,051 · end of year $25,051

• 15 · Other assets

  beginning of year $61,442 · end of year $200,408

• 17 · Accounts payable and accrued expenses

  beginning of year $1,061,515 · end of year $1,780,954

• 19 · Deferred revenue

  beginning of year $28,938 · end of year $21,022

• 23 · Secured mortgages and notes payable

  beginning of year $15,269,826 · end of year $16,133,320

• 25 · Other liabilities

  beginning of year $2,300,200 · end of year $2,003,069

• 27 · Net assets without donor restrictions

  beginning of year $6,277,524 · end of year $7,479,653

The filer's explanations (Part III)

Form 990, Part VII, Line 5:

Families in Transition, a related organization, paid TechCXO, an unrelated organization, $70,000 for services provided by Kumar Ampapathini as Interm CFO to both organizations during 2023. Families in Transition is not able to determine the compensation paid to Kumar Ampapathini, only the amount paid to TechCXO.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• HB-AH LLC

  Rental · NH · income $402,327 · assets $1,473,005

  Directly controlled by Housing Benefits

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• Family Willows LP

  Related · Rental · NH · 100% owned · share of income -$49,697 · share of assets $2,810,499

  Directly controlled by Big Shady Tree Inc

Related corporations and trusts

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

• Bicentennial Families Concord Inc

  C · Rental · NH · 100% owned · controlled entity

  Directly controlled by Housing Benefits

• Brick Mill House Families II Inc

  C · Rental · NH · 100% owned · controlled entity

  Directly controlled by Housing Benefits

• Big Shady Tree Inc

  C · Rental · NH

• Second Street Family Mill Inc

  C · Rental · NH

• Wilson Street Condominium Association

  C · Condo Association · NH