← CONCORD AREA TRUST FOR COMMUNITY HOUSING

Form 990 for tax year 2022

Filed by CONCORD AREA TRUST FOR COMMUNITY HOUSING.

Totals

Total revenue: $1,584,209
Total expenses: $1,379,654
Contributions and grants received: $781,148
Grants paid: $0
Program service revenue: $722,198
Investment income: $80,233
Other revenue: $630
Total assets, end of year: $11,809,478
Total liabilities, end of year: $4,176,396
Net assets or fund balances, end of year: $7,633,082
Program services expenses (Part IX): $1,012,446
Management and general expenses: $272,891
Fundraising expenses: $94,317
Program service expenses (Part III): $1,012,446

Program services were 73.4% 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.

1c · Fundraising events

$34,950
1e · Government grants (contributions)

$530,375
1f · All other contributions, gifts and grants

$215,823
1g · Noncash contributions included above

$90,922
2a · Program service revenue: RENTAL INCOME

total $584,536 · related or exempt $584,536
2b · Program service revenue: SPONSOR AND DEVELOPER

total $137,662 · related or exempt $137,662
3 · Investment income

total $84,960 · excluded $84,960
7a · Gross sales of assets other than inventory

other assets $36,357
7b · Less cost or other basis and sales expenses

other assets $41,084
7c · Gain or loss

other assets -$4,727
7d · Net gain or loss

total -$4,727 · related or exempt -$4,727
8a · Fundraising events: gross income

$4,644
8a · Fundraising events: contributions included on line 1c

$34,950
8b · Fundraising events: direct expenses

$18,770
8c · Net income from fundraising events

total -$14,126 · excluded -$14,126
11a · Other revenue: PROPERTY MANAGEMENT EX

total $9,308 · related or exempt $9,308
11b · Other revenue: MISCELLANEOUS

total $5,448 · related or exempt $5,448
11e · Other revenue, total

$14,756

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $264,430 · program services $203,894 · management and general $31,449 · fundraising $29,087
7 · Other salaries and wages

total $82,689 · program services $50,240 · fundraising $32,449
9 · Other employee benefits

total $127,690 · program services $37,542 · management and general $77,236 · fundraising $12,912
10 · Payroll taxes

total $11,103 · program services $3,264 · management and general $6,716 · fundraising $1,123
11a · Fees: management

total $58,427 · program services $58,427
12 · Advertising and promotion

total $15,763 · program services $1,756 · management and general $9,364 · fundraising $4,643
13 · Office expenses

total $85,795 · program services $32,141 · management and general $47,308 · fundraising $6,346
16 · Occupancy

total $250,263 · program services $250,263
20 · Interest

total $146,378 · program services $145,188 · management and general $1,075 · fundraising $115
22 · Depreciation, depletion and amortization

total $179,993 · program services $178,986 · management and general $864 · fundraising $143
23 · Insurance

total $36,046 · program services $28,856 · management and general $6,167 · fundraising $1,023
24a · Other expenses: PROFESSIONAL FEES

total $95,990 · program services $21,802 · management and general $67,712 · fundraising $6,476
24b · Other expenses: RESIDENT SERVICES COORD

total $25,000 · management and general $25,000
24c · Other expenses: PUBLIC EDUCATION PROGRA

total $87 · program services $87

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $861,663 · end of year $699,347
3 · Pledges and grants receivable

beginning of year $11,500 · end of year $3,675
4 · Accounts receivable

beginning of year $8,797 · end of year $3,335
7 · Other notes and loans receivable

beginning of year $2,807,534 · end of year $2,807,534
9 · Prepaid expenses and deferred charges

beginning of year $34,136 · end of year $39,915
10a · Land, buildings and equipment: cost or other basis

$7,186,118
10b · Land, buildings and equipment: accumulated depreciation

$1,798,584
10c · Land, buildings and equipment, net

beginning of year $5,362,423 · end of year $5,387,534
12 · Investments: other securities

beginning of year $21,070 · end of year $33,474
13 · Investments: program-related

beginning of year $209,105 · end of year $193,979
15 · Other assets

beginning of year $2,523,390 · end of year $2,640,685
17 · Accounts payable and accrued expenses

beginning of year $104,578 · end of year $83,078
23 · Secured mortgages and notes payable

beginning of year $3,656,046 · end of year $3,487,660
25 · Other liabilities

beginning of year $647,744 · end of year $605,658
27 · Net assets without donor restrictions

beginning of year $5,871,217 · end of year $6,073,049
28 · Net assets with donor restrictions

beginning of year $1,560,033 · end of year $1,560,033

Mission and programs · 2022

Mission

CATCH'S MISSION IS TO STRENGTHEN OUR COMMUNITIES BY CREATING OPPORTUNITIES FOR PERMANENTLY AFFORDABLE, QUALITY HOUSING FOR PEOPLE OTHERWISE NOT BEING SERVED.

Activities or mission (Part I)

CATCH NEIGHBORHOOD HOUSING IS AN AWARD-WINNING, COMMUNITY-BASED, NON-PROFIT ORGANIZATION OFFERING A FULL SPECTRUM OF HOUSING AND EDUCATION SERVICES IN MERRIMACK COUNTY NEW HAMPSHIRE.

AFFORDABLE RENTAL APARTMENTS: CATCH CURRENTLY OWNS AND MAINTAINS 343 AFFORDABLE RENTAL APARTMENTS AND 36 MARKET RATE APARTMENTS, THAT ARE HOME TO OVER 700 ADULTS AND CHILDREN.

Expenses $898,281 · Revenue $592,571
HOUSING PRODUCTION: IN ORDER TO MEET THE HIGH DEMAND FOR AFFORDABLE WORKFORCE HOUSING, CATCH CONSTRUCTS NEW, AFFORDABLE, ENERGY-EFFICIENT HOUSING UNITS. NEW CONSTRUCTION IS AN EFFECTIVE WAY TO ADDRESS THE CRITICAL SHORTAGE OF HOUSING WHILE ALSO ADDRESSING THE SPECIFIC NEEDS OF THE COMMUNITY.

Expenses $114,165 · Revenue $139,656

As filed on the 2022 return.

Listed in Part VII

Greg ChakmakisGREG CHAKMAKIS

DIRECTOR

Total calculated

$0

Hours/week

1
Kenneth KoornneefKENNETH KOORNNEEF

DIRECTOR

Total calculated

$0

Hours/week

1
Oresta MoscaORESTA MOSCA

TREASURER

Total calculated

$0

Hours/week

1
Mary Beth WalzMARY BETH WALZ

DIRECTOR

Total calculated

$0

Hours/week

1
Gregory LessardGREGORY LESSARD

DIRECTOR

Total calculated

$0

Hours/week

1
Timothy WadeTIMOTHY WADE

DIRECTOR

Total calculated

$0

Hours/week

1
Byron ChamplinBYRON CHAMPLIN

SECRETARY

Total calculated

$0

Hours/week

1
Donna BaileyDONNA BAILEY

DIRECTOR

Total calculated

$0

Hours/week

1
Nancy EgnerNANCY EGNER

DIRECTOR

Total calculated

$0

Hours/week

1
Jeff FeingoldJEFF FEINGOLD

VICE CHAIR

Total calculated

$0

Hours/week

2
Beth SlepianBETH SLEPIAN

DIRECTOR

Total calculated

$0

Hours/week

1
James Gallagher IIIJAMES GALLAGHER III

CHAIRMAN

Total calculated

$0

Hours/week

1
Aki MathieuAKI MATHIEU

DIRECTOR

Total calculated

$0

Hours/week

1
Suzanne PeggSUZANNE PEGG

DIRECTOR

Total calculated

$0

Hours/week

1
Safiya WadeSAFIYA WADE

DIRECTOR

Total calculated

$0

Hours/week

1
Thomas FurtadoTHOMAS FURTADO

PRESIDENT AND CEO

Total calculated

$169,381

From this org

$158,467

From related orgs

$0

Other

$10,914

Hours/week

40

Schedule J breakdown matched by us

Base

$158,467

Bonus

$0

Other

$0

Deferred

$0

Nontaxable benefits

$10,914

Filer's total

$169,381
Dale HeonDALE HEON

CHIEF FINANCIAL OFFICER

Total calculated

$114,413

From this org

$105,963

From related orgs

$0

Other

$8,450

Hours/week

40

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

3 · Compensation survey or study
3 · Approval by the board or compensation committee

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: VARIOUS COMPENSATION PACKAGE SURVEYS FROM MULTIPLE SOURCES, INCLUDING THOSE OF SIMILAR HOUSING ORGANIZATIONS, ARE USED BY THE EXECUTIVE COMMITTEE TO DETERMINE THE COMPENSATION OF THE PRESIDENT.

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.

ALLIANCE ASSET MANAGEMENT INC

501(C)(3) · AFFORDABLE HOUSING · NH
HOMETEAM

501(C)(3) · EDUCATION · NH

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.

PERLEY PLACE LP

RELATED · AFFORDABLE HOUSING · NH · 100% owned · share of assets $726,442 · general or managing partner

Directly controlled by CTC PERLEY PLACE
SOUTH END 2000 LP

RELATED · AFFORDABLE HOUSING · NH · 100% owned · share of assets $1,091,510 · general or managing partner

Directly controlled by SOUTH END 2000 CORP
WILLOW CROSSING LP

RELATED · AFFORDABLE HOUSING · NH · 100% owned · share of assets $2,474,645 · general or managing partner

Directly controlled by WILLOW CROSSING LLC
FRIEDMAN COURT I LP

RELATED · AFFORDABLE HOUSING · NH · 0.01% owned · share of assets $560 · general or managing partner

Directly controlled by FRIEDMAN COURT LLC
FRIEDMAN COURT II LP

RELATED · AFFORDABLE HOUSING · NH · 0.01% owned · share of assets $459 · general or managing partner

Directly controlled by BRUCE FRIEDMAN COURT II LLC
BOW VISTA LP

RELATED · AFFORDABLE HOUSING · NH · 0.01% owned · share of assets $342 · general or managing partner

Directly controlled by BOW CROSSING LLC
MENNINO PLACE LP

RELATED · AFFORDABLE HOUSING · NH · 0.01% owned · share of assets $649 · general or managing partner

Directly controlled by MENNINO PLACE LLC
BOW VISTA II LP

RELATED · AFFORDABLE HOUSING · NH · 0.01% owned · share of assets $269 · general or managing partner

Directly controlled by BOW CROSSING II LLC
FRANKLIN LIGHT AND POWER LP

RELATED · AFFORDABLE HOUSING · NH · 0.01% owned · share of assets $1,053 · general or managing partner

Directly controlled by FRANKLIN L&P LLC
VILLAGE STREET APARTMENTS LP

RELATED · AFFORDABLE HOUSING · NH · 0.01% owned · share of assets $1,017 · general or managing partner

Directly controlled by VILLAGE STREET GP INC

Related corporations and trusts

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

CTC PERLEY CORPORATION II

C · AFFORDABLE HOUSING · NH · 100% owned · share of assets $73

Directly controlled by CONCORD AREA TRUST
SOUTH END 2000 CORPORATION

C · AFFORDABLE HOUSING · NH · 100% owned · share of assets $109

Directly controlled by CONCORD AREA TRUST
1820 HOUSING COOPERATIVE

C · AFFORDABLE HOUSING · NH · 100% owned

Directly controlled by CONCORD AREA TRUST
EASTERN APARTMENTS INC

C · AFFORDABLE HOUSING · NH · 100% owned

Directly controlled by CONCORD AREA TRUST
CATCH THREE BEDROOM TOWNHOUSES

C · AFFORDABLE HOUSING · NH · 100% owned

Directly controlled by CONCORD AREA TRUST
WILLOW CROSSING LLC

C · AFFORDABLE HOUSING · NH · 100% owned · share of assets $247

Directly controlled by CONCORD AREA TRUST
FRIEDMAN COURT LLC

C · AFFORDABLE HOUSING · NH · 100% owned · share of assets $560

Directly controlled by CONCORD AREA TRUST
BRUCE FRIEDMAN COURT II LLC

C · AFFORDABLE HOUSING · NH · 100% owned · share of assets $459

Directly controlled by CONCORD AREA TRUST
BOW CROSSING LLC

C · AFFORDABLE HOUSING · NH · 100% owned · share of assets $342

Directly controlled by CONCORD AREA TRUST
MENNINO CROSSING LLC

C · AFFORDABLE HOUSING · NH · 100% owned · share of assets $649

Directly controlled by CONCORD AREA TRUST
BOW CROSSING II LLC

C · AFFORDABLE HOUSING · NH · 100% owned · share of assets $270

Directly controlled by CONCORD AREA TRUST
FRANKLIN L&P LLC

C · AFFORDABLE HOUSING · NH · 100% owned · share of assets $1,053

Directly controlled by CONCORD AREA TRUST
IMPACT DEVELOPMENT ADVISORS INC

C · AFFORDABLE HOUSING · NH · 100% owned · share of assets $27,379

Directly controlled by CONCORD AREA TRUST
VILLAGE STREET GP INC

C · AFFORDABLE HOUSING · NH · 100% owned · share of assets $1,017

Directly controlled by CONCORD AREA TRUST

Provenance

Return type: form_990
Tax year: 2022
Filed: 22 January 2024
IRS schema version: 2022v5.0
Source object: 202420229349301727

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