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Nonprofiteer
← NEW MARBLEHEAD NORTH HOUSING CORPORATION

Form 990 for tax year 2024

Filed by NEW MARBLEHEAD NORTH HOUSING CORPORATION.

Totals

Total revenue
$278,244
Total expenses
$262,696
Contributions and grants received
$164,112
Grants paid
$0
Program service revenue
$113,554
Investment income
$578
Other revenue
$0
Total assets, end of year
$1,106,073
Total liabilities, end of year
$1,083,084
Net assets or fund balances, end of year
$22,989
Program services expenses (Part IX)
$262,696
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$262,696

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)

    $164,112

  • 2a · Program service revenue: TENANT RENT

    total $112,840 · related or exempt $112,840

  • 2b · Program service revenue: LAUNDRY/VENDING/MISCEL

    total $714 · related or exempt $714

  • 3 · Investment income

    total $578 · related or exempt $578

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $17,740 · program services $17,740

  • 11b · Fees: legal

    total $1,245 · program services $1,245

  • 11c · Fees: accounting

    total $7,200 · program services $7,200

  • 13 · Office expenses

    total $4,008 · program services $4,008

  • 19 · Conferences, conventions and meetings

    total $221 · program services $221

  • 20 · Interest

    total $39,765 · program services $39,765

  • 22 · Depreciation, depletion and amortization

    total $53,800 · program services $53,800

  • 23 · Insurance

    total $8,825 · program services $8,825

  • 24a · Other expenses: OPERATING & MAINTENANCE

    total $60,058 · program services $60,058

  • 24b · Other expenses: UTILITIES

    total $29,128 · program services $29,128

  • 24c · Other expenses: MISCELLANEOUS

    total $14,296 · program services $14,296

  • 24d · Other expenses: SITE MANAGER

    total $10,757 · program services $10,757

  • 24e · All other expenses

    total $15,653 · program services $15,653

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $9,366 · end of year $16,329

  • 2 · Savings and temporary cash investments

    beginning of year $290,209 · end of year $297,026

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,075 · end of year $16,265

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

    $2,223,587

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

    $1,472,314

  • 10c · Land, buildings and equipment, net

    beginning of year $794,663 · end of year $751,273

  • 15 · Other assets

    beginning of year $26,400 · end of year $25,180

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,851 · end of year $5,908

  • 19 · Deferred revenue

    beginning of year $576 · end of year $542

  • 23 · Secured mortgages and notes payable

    beginning of year $1,084,871 · end of year $1,056,705

  • 25 · Other liabilities

    beginning of year $19,974 · end of year $19,929

  • 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 $7,441 · end of year $22,989

Mission and programs · 2024

Mission

LOW INCOME ELDERLY HOUSING.

  • THE ORGANIZATION PROVIDES LOW INCOME ELDERLY HOUSING FOR APPROXIMATELY 30 INDIVIDUALS.

    Expenses $262,696 · Revenue $114,132

As filed on the 2024 return.

Listed in Part VII

  • Jim Hanley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Alice Kabore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Janice De Lima

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Twitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dr Renee Fay-Leblanc

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Debra Orellana-Mejia

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Timothy Agnew

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Peter Bass

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chomba Kaluba

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Elkins

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andrea Dodge Patstone

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Dr Julia Redding

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lynne Roche

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nathan Poore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Douglas Stockbridge

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Peter Pitegoff

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Amy Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Amanda Gilliam

    VP OF PROPERTY MANAGEMENT

    Total calculated
    $162,867
    From this org
    $0
    From related orgs
    $134,309
    Other
    $28,558
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $134,309 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,558 related
    Nontaxable benefits
    $0 + $15,000 related
    Filer's total
    $0 + $162,867 related

  • Kim Farrar

    VP OF STRATEGIC INITIATIVE

    Total calculated
    $182,581
    From this org
    $0
    From related orgs
    $164,198
    Other
    $18,383
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $164,198 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,383 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $182,581 related

  • Eric Boucher

    INTERIM PRESIDENT AND CEO

    Total calculated
    $253,029
    From this org
    $0
    From related orgs
    $205,707
    Other
    $47,322
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $205,707 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $29,822 related
    Nontaxable benefits
    $0 + $17,500 related
    Filer's total
    $0 + $253,029 related

  • Rebecca Hatfield

    PRESIDENT (PAST)

    Total calculated
    $445,503
    From this org
    $0
    From related orgs
    $422,503
    Other
    $23,000
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $422,503 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $23,000 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $445,503 related

  • Katy Smith

    VP OF SENIOR LIVING

    Total calculated
    $207,649
    From this org
    $0
    From related orgs
    $167,149
    Other
    $40,500
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,149 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $10,000 related
    Filer's total
    $0 + $207,649 related

  • Sara Olson

    VP OF ADVANCEMENT

    Total calculated
    $176,558
    From this org
    $0
    From related orgs
    $146,058
    Other
    $30,500
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $146,058 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $23,000 related
    Nontaxable benefits
    $0 + $7,500 related
    Filer's total
    $0 + $176,558 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
  • 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

The filer's explanations (Part III)

PART I, LINE 3
LINE 3 IS NOT APPLICABLE TO THIS ORGANIZATION SINCE A RELATED ORGANIZATION ESTABLISHES THE COMPENSATION OF THE CEO.

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.

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.

Related partnerships

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

  • SOUTH HIGH STREET ASSOCIATES

    RELATED · AFFORDABLE HOUSING · ME · general or managing partner

  • YC PINES LP

    RELATED · AFFORDABLE HOUSING · ME · general or managing partner

  • YC MANCHESTER WOODS LP

    RELATED · AFFORDABLE HOUSING · ME · general or managing partner

  • YC COTTAGE ASSOCIATES LP

    RELATED · AFFORDABLE HOUSING · ME · general or managing partner

  • AVESTA PEARL STREET ONE LP

    RELATED · AFFORDABLE HOUSING · ME · general or managing partner

  • AVESTA BRICK HILL HEIGHTS LP

    RELATED · AFFORDABLE HOUSING · ME · general or managing partner

  • AVESTA STEPHEN EATON REDEVELOPMENT LP

    RELATED · AFFORDABLE HOUSING · ME · general or managing partner

  • AVESTA COUSENS HOUSING DEVELOPMENT CORP

    RELATED · AFFORDABLE HOUSING · ME · general or managing partner

  • AVESTA FLORENCE HOUSE LP

    RELATED · AFFORDABLE HOUSING · ME · general or managing partner

  • AVESTA MUNJOY COMMONS LP

    RELATED · AFFORDABLE HOUSING · ME · general or managing partner

  • AVESTA CASCADE BROOK LP

    RELATED · AFFORDABLE HOUSING · ME · general or managing partner

  • AVESTA PEARL STREET TWO LP

    RELATED · AFFORDABLE HOUSING · ME · general or managing partner

  • AVESTA EMERY SCHOOL LP

    RELATED · AFFORDABLE HOUSING · ME · general or managing partner

  • RIVERSIDE HOUSING ASSOCIATES LP

    RELATED · AFFORDABLE HOUSING · ME · general or managing partner

  • AVESTA OAK STREET LP

    RELATED · AFFORDABLE HOUSING · ME · general or managing partner

  • AVESTA STONECREST LP

    RELATED · AFFORDABLE HOUSING · ME · general or managing partner

  • AVESTA HYACINTH LP

    RELATED · AFFORDABLE HOUSING · ME · general or managing partner

  • AVESTA 409 CUMBERLAND LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA NEW MARBLEHEAD ONE LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA YOUNG STREET LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA ONE MEETING PLACE LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA LINCOLN GREEN LP

    RELATED · AFFORDABLE HOUSING · ME

  • PENINSULA COMMUNITY LP 2

    RELATED · AFFORDABLE HOUSING · ME

  • BAYSIDE EAST LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA GOLDEN PARK MAPLE LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA ANTRIM VILLAGE LP

    RELATED · AFFORDABLE HOUSING · ME

  • PENINSULA COMMUNITY LP 3

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA WASHINGTON AVE LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA BUTLER PAYSON LP

    RELATED · AFFORDABLE HOUSING · ME

  • 6 MEETING PLACE DRIVE EXETER LP

    RELATED · AFFORDABLE HOUSING · NH

  • AVESTA STEEPLE SQUARE LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA MCINTYRE LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA BISHOP STREET LP

    RELATED · AFFORDABLE HOUSING · ME

  • BAYSIDE ANCHOR APARTMENTS LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA BLACKSTONE LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA THREE MEETING PLACE LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA MEADOWS ONE LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA CARLETON LP

    RELATED · AFFORDABLE HOUSING · ME

  • BARTLETT CIRCLE 2 LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA MEADOWS TWO LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA SOUTHGATE LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA FOX SCHOOL LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA DEERING PLACE LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA WESTBROOK STREET ONE LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA 977 BRIGHTON LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA LIVERMORE TERRACE LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA UNITY VILLAGE LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA WESTBROOK STREET TWO LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA HILLSIDE LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA VALLEY STREET LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA RIVER TURN ONE LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA WILLOW SPRINGS LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA SNOW SCHOOL LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA US ROUTE ONE LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA SEAVEY STREET LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA CENTRAL AND CROWLEY LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA MEADOWVIEW II LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA RIVER TURN II LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA BARRA ROAD LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA PATRIOT PLACE LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA WILLISTON IMMANUEL LP

    RELATED · AFFORDABLE HOUSING · ME

  • AVESTA OXFORD STREET LP

    RELATED · AFFORDABLE HOUSING · ME

  • 89 ELM STREET APARTMENTS LLC

    RELATED · AFFORDABLE HOUSING · ME

Related corporations and trusts

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

  • AVESTA CONSULTING SERVICES INC

    C · AFFORDABLE HOUSING · ME

  • PINETREE HOUSING DEVELOPMENT I LLC

    C · AFFORDABLE HOUSING · ME

  • PINECONE HOUSING CORPORATION

    C · AFFORDABLE HOUSING · ME

  • PINENEEDLE HOUSING DEVELOPMENT LLC

    C · AFFORDABLE HOUSING · ME

  • BAYSIDE ANCHOR DEVELOPMENT COMPANY LLC

    C · AFFORDABLE HOUSING · ME

  • BC 2 GP INC

    C · AFFORDABLE HOUSING · ME

  • 89 ELM GP CORPORATION

    C · AFFORDABLE HOUSING · ME

  • AVESTA-DOMUS INC

    C · AFFORDABLE HOUSING · ME

  • EDGEWATER VILLAGE LLC

    C · AFFORDABLE HOUSING · ME

Provenance

Return type
form_990
Tax year
2024
Filed
22 October 2025
IRS schema version
2024v5.2
Source object
202522959349301852

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