Totals
- Total revenue
- $492,331
- Total expenses
- $604,837
- Contributions and grants received
- $222,044
- Grants paid
- $0
- Program service revenue
- $266,871
- Investment income
- $3,416
- Other revenue
- $0
- Total assets, end of year
- $1,412,419
- Total liabilities, end of year
- $2,495,271
- Net assets or fund balances, end of year
- -$1,082,852
- Program services expenses (Part IX)
- $604,837
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $604,837
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.
-
1e · Government grants (contributions)
$222,044
-
2a · Program service revenue: RENT
total $254,501 · related or exempt $254,501
-
2b · Program service revenue: LAUNDRY/MISCELLANEOUS
total $12,370 · related or exempt $12,370
-
3 · Investment income
total $3,416 · related or exempt $3,416
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $40,565 · program services $40,565
-
11c · Fees: accounting
total $9,600 · program services $9,600
-
12 · Advertising and promotion
total $294 · program services $294
-
13 · Office expenses
total $2,945 · program services $2,945
-
20 · Interest
total $70,538 · program services $70,538
-
22 · Depreciation, depletion and amortization
total $99,788 · program services $99,788
-
23 · Insurance
total $19,482 · program services $19,482
-
24a · Other expenses: MAINTENANCE AND REPAIRS
total $217,393 · program services $217,393
-
24b · Other expenses: UTILITIES
total $79,306 · program services $79,306
-
24c · Other expenses: ADMINISTRATIVE EXPENSES
total $35,702 · program services $35,702
-
24d · Other expenses: REAL ESTATE TAXES
total $29,224 · program services $29,224
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $148,443 · end of year $146,073
-
4 · Accounts receivable
beginning of year $622 · end of year $1,386
-
9 · Prepaid expenses and deferred charges
beginning of year $1,033 · end of year $1,141
-
10a · Land, buildings and equipment: cost or other basis
$3,201,538
-
10b · Land, buildings and equipment: accumulated depreciation
$1,961,234
-
10c · Land, buildings and equipment, net
beginning of year $1,328,343 · end of year $1,240,304
-
15 · Other assets
beginning of year $23,512 · end of year $23,515
-
17 · Accounts payable and accrued expenses
beginning of year $46,710 · end of year $67,751
-
25 · Other liabilities
beginning of year $2,425,589 · end of year $2,427,520
-
27 · Net assets without donor restrictions
beginning of year -$970,346 · end of year -$1,082,852
Mission and programs · 2025
Mission
TO OWN AND OPERATE A 36-UNIT LOW INCOME APARTMENT COMPLEX.
Activities or mission (Part I)
LOW INCOME HOUSING
-
OWN AND OPERATE 36 UNIT LOW INCOME HOUSING PROJECT
Expenses $604,837 · Revenue $270,287
As filed on the 2025 return.
Listed in Part VII
-
Ann HotchkissANN HOTCHKISS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sue ColwellSUE COLWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Susan LongSUSAN LONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gretchin SmithGRETCHIN SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maura SlavinMAURA SLAVIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Harry LongHARRY LONG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sue NoonSUE NOON
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Catherine KyleCATHERINE KYLE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 5
-
Donald SmithDONALD SMITH
CHAIR
- Total calculated
- $0
- Hours/week
- 5
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.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 28 May 2026
- IRS schema version
- 2025v4.1
- Source object
- 202631489349300143
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