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Nonprofiteer
← SNHS ELDERLY HOUSING V INC

Form 990 for tax year 2023

Filed by SNHS ELDERLY HOUSING V INC.

Totals

Total revenue
$263,837
Total expenses
$336,058
Contributions and grants received
$108,091
Grants paid
$0
Program service revenue
$155,679
Investment income
$67
Other revenue
$0
Total assets, end of year
$1,784,707
Total liabilities, end of year
$2,982,950
Net assets or fund balances, end of year
-$1,198,243
Program services expenses (Part IX)
$303,640
Management and general expenses
$32,418
Fundraising expenses
$0
Program service expenses (Part III)
$303,640

Program services were 90.4% 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)

    $108,091

  • 2a · Program service revenue: TENANT RENT

    total $148,795 · related or exempt $148,795

  • 2b · Program service revenue: LAUNDRY & A/C

    total $6,884 · related or exempt $6,884

  • 3 · Investment income

    total $67 · excluded $67

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $62,879 · program services $62,879

  • 9 · Other employee benefits

    total $24,655 · program services $24,655

  • 10 · Payroll taxes

    total $4,773 · program services $4,773

  • 11a · Fees: management

    total $24,918 · management and general $24,918

  • 11c · Fees: accounting

    total $7,500 · management and general $7,500

  • 12 · Advertising and promotion

    total $78 · program services $78

  • 13 · Office expenses

    total $363 · program services $363

  • 22 · Depreciation, depletion and amortization

    total $71,657 · program services $71,657

  • 23 · Insurance

    total $11,263 · program services $11,263

  • 24a · Other expenses: UTILITIES

    total $52,520 · program services $52,520

  • 24b · Other expenses: OPERATING AND MAINTENAN

    total $47,452 · program services $47,452

  • 24c · Other expenses: REAL ESTATE TAXES

    total $20,395 · program services $20,395

  • 24d · Other expenses: ADMINISTRATIVE EXPENSES

    total $7,605 · program services $7,605

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $25,737 · end of year $18,352

  • 4 · Accounts receivable

    beginning of year $30 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,235 · end of year $9,072

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

    $2,965,814

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

    $1,312,283

  • 10c · Land, buildings and equipment, net

    beginning of year $1,725,188 · end of year $1,653,531

  • 15 · Other assets

    beginning of year $109,986 · end of year $103,752

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,477 · end of year $22,530

  • 19 · Deferred revenue

    beginning of year $0 · end of year $298

  • 23 · Secured mortgages and notes payable

    beginning of year $2,948,700 · end of year $2,948,700

  • 25 · Other liabilities

    beginning of year $11,021 · end of year $11,422

  • 27 · Net assets without donor restrictions

    beginning of year -$1,126,022 · end of year -$1,198,243

Mission and programs · 2023

Mission

PROVIDE HOUSING FOR LOW INCOME ELDERLY PEOPLE.

  • PROGRAM PROVIDES HOUSING FOR ELDERLY AND LOW INCOME PEOPLE.

    Expenses $303,640 · Revenue $155,679

As filed on the 2023 return.

Listed in Part VII

  • DONNALEE LOZEAU

    CHAIRMAN

    Total calculated
    $265,647
    From this org
    $0
    From related orgs
    $204,169
    Other
    $61,478
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $204,169 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $61,478 related
    Filer's total
    $0 + $265,647 related

  • RYAN CLOUTHIER

    VICE CHAIRMAN

    Total calculated
    $172,997
    From this org
    $0
    From related orgs
    $133,094
    Other
    $39,903
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $133,094 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $39,903 related
    Filer's total
    $0 + $172,997 related

  • JAMES CHAISSON

    TREASURER

    Total calculated
    $214,046
    From this org
    $0
    From related orgs
    $157,789
    Other
    $56,257
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $157,789 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $56,257 related
    Filer's total
    $0 + $214,046 related

  • GREGORY SCHNEIDER

    SECRETARY

    Total calculated
    $2,474
    From this org
    $0
    From related orgs
    $2,249
    Other
    $225
    Hours/week
    2 + 38 related

  • VALERIE CARIGNAN

    TRUSTEE

    Total calculated
    $74,492
    From this org
    $0
    From related orgs
    $66,868
    Other
    $7,624
    Hours/week
    2 + 38 related

  • CARA ALIBERTI

    TRUSTEE

    Total calculated
    $106,649
    From this org
    $0
    From related orgs
    $81,000
    Other
    $25,649
    Hours/week
    2 + 38 related

  • THOMAS NELSON

    TRUSTEE

    Total calculated
    $110,430
    From this org
    $0
    From related orgs
    $84,176
    Other
    $26,254
    Hours/week
    2 + 38 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

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 corporations and trusts

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

Provenance

Return type
form_990
Tax year
2023
Filed
24 August 2024
IRS schema version
2023v5.1
Source object
202422569349301232

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