Form 990 for tax year 2023
Filed by SALISBURY HOUSING COMMITTEE INC.
Totals
- Total revenue
- $2,083,018
- Total expenses
- $421,118
- Contributions and grants received
- $1,744,464
- Grants paid
- $0
- Program service revenue
- $316,585
- Investment income
- $21,969
- Other revenue
- $0
- Total assets, end of year
- $6,209,021
- Total liabilities, end of year
- $1,484,803
- Net assets or fund balances, end of year
- $4,724,218
- Program services expenses (Part IX)
- $338,644
- Management and general expenses
- $82,474
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $338,644
Program services were 80.4% 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)
$1,111,690
-
1f · All other contributions, gifts and grants
$632,774
-
1g · Noncash contributions included above
$33,227
-
2a · Program service revenue: RENTAL INCOME
total $309,508 · related or exempt $309,508
-
2b · Program service revenue: ANCILLARY FEES
total $7,077 · related or exempt $7,077
-
3 · Investment income
total $21,969 · excluded $21,969
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $37,751 · program services $37,751
-
9 · Other employee benefits
total $9,111 · program services $9,111
-
11a · Fees: management
total $30,431 · program services $30,431
-
11b · Fees: legal
total $87 · program services $87
-
11c · Fees: accounting
total $19,134 · program services $13,999 · management and general $5,135
-
12 · Advertising and promotion
total $245 · program services $245
-
13 · Office expenses
total $6,838 · program services $6,635 · management and general $203
-
16 · Occupancy
total $81,716 · program services $81,716
-
20 · Interest
total $8,507 · program services $8,507
-
22 · Depreciation, depletion and amortization
total $70,374 · program services $70,374
-
23 · Insurance
total $24,198 · program services $24,198
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $76,989 · program services $54,369 · management and general $22,620
-
24b · Other expenses: BOARD EXPENSES
total $54,452 · management and general $54,452
-
24c · Other expenses: MISCELLANEOUS
total $1,285 · program services $1,221 · management and general $64
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $150 · end of year $150
-
2 · Savings and temporary cash investments
beginning of year $776,450 · end of year $1,275,487
-
3 · Pledges and grants receivable
end of year $436,731
-
4 · Accounts receivable
beginning of year $1,937 · end of year $3,553
-
9 · Prepaid expenses and deferred charges
beginning of year $4,692 · end of year $7,101
-
10a · Land, buildings and equipment: cost or other basis
$5,651,428
-
10b · Land, buildings and equipment: accumulated depreciation
$1,165,429
-
10c · Land, buildings and equipment, net
beginning of year $3,211,508 · end of year $4,485,999
-
17 · Accounts payable and accrued expenses
beginning of year $60,970 · end of year $505,683
-
19 · Deferred revenue
beginning of year $1,443 · end of year $1,416
-
23 · Secured mortgages and notes payable
beginning of year $877,189 · end of year $955,485
-
25 · Other liabilities
beginning of year $20,792 · end of year $22,219
-
27 · Net assets without donor restrictions
beginning of year $2,649,343 · end of year $4,139,218
-
28 · Net assets with donor restrictions
beginning of year $385,000 · end of year $585,000
Mission and programs · 2023
Mission
TO PROVIDE LOW INCOME HOUSING TO QUALIFIED INDIVIDUALS.
-
SARUM VILLAGE - 16 UNIT LOW INCOME HOUSING COMPLEX.
Expenses $170,080 · Revenue $183,589
-
SARUM VILLAGE II - 8 UNIT LOW INCOME HOUSING COMPLEX
Expenses $120,030 · Revenue $69,572
-
LAKEVIEW - 6 UNIT LOW INCOME HOUSING COMPLEX
Expenses $48,534 · Revenue $63,424
As filed on the 2023 return.
Listed in Part VII
-
PETER HALLE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
JOCELYN AYER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
JOSEPH WOODARD
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
CLAIRE HELD
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
LISA BRENNAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
CAROLE DMYTRYSHAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
JAMES DRESSER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
AL GINOUVES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
ANNE KREMER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
CAROL MAGOWAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
GEORGE MASSEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
PAM PATTERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
DAVID RICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
ELIZABETH SLOTNICK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
SEAN WHITE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
MICHELE WURM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
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
- 2023
- Filed
- 3 June 2024
- IRS schema version
- 2023v5.0
- Source object
- 202401589349300800
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