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Nonprofiteer
← WILLIAMSTOWN ELDERLY HOUSING CORP

Form 990 for tax year 2024

Filed by WILLIAMSTOWN ELDERLY HOUSING CORP.

Totals

Total revenue
$937,544
Total expenses
$907,012
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$936,546
Investment income
$998
Other revenue
$0
Total assets, end of year
$1,821,883
Total liabilities, end of year
$1,713,770
Net assets or fund balances, end of year
$108,113
Program services expenses (Part IX)
$744,612
Management and general expenses
$162,400
Fundraising expenses
$0
Program service expenses (Part III)
$744,612

Program services were 82.1% 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.

  • 2a · Program service revenue: SECTION 8 SUBSIDIES

    total $558,099 · related or exempt $558,099

  • 2b · Program service revenue: RENTAL RECEIPTS

    total $375,344 · related or exempt $375,344

  • 2c · Program service revenue: LAUNDRY/OTHER RECEIPTS

    total $3,103 · related or exempt $3,103

  • 3 · Investment income

    total $998 · excluded $998

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $235,497 · program services $169,847 · management and general $65,650

  • 11a · Fees: management

    total $67,895 · management and general $67,895

  • 11b · Fees: legal

    total $355 · management and general $355

  • 11c · Fees: accounting

    total $23,561 · management and general $23,561

  • 11g · Fees: other

    total $275 · management and general $275

  • 12 · Advertising and promotion

    total $158 · management and general $158

  • 13 · Office expenses

    total $4,506 · management and general $4,506

  • 16 · Occupancy

    total $219,164 · program services $219,164

  • 20 · Interest

    total $96,061 · program services $96,061

  • 22 · Depreciation, depletion and amortization

    total $88,962 · program services $88,962

  • 23 · Insurance

    total $45,685 · program services $45,685

  • 24a · Other expenses: REPAIRS

    total $57,616 · program services $57,616

  • 24b · Other expenses: CLEANING & MAINTENANCE

    total $29,504 · program services $29,504

  • 24c · Other expenses: SOCIAL SERVICE COORDINA

    total $24,449 · program services $24,449

  • 24d · Other expenses: SECURITY

    total $13,074 · program services $13,074

  • 24e · All other expenses

    total $250 · program services $250

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $42,913 · end of year $37,524

  • 4 · Accounts receivable

    beginning of year $17,287 · end of year $18,035

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,708 · end of year $11,394

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

    $4,887,651

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

    $3,775,972

  • 10c · Land, buildings and equipment, net

    beginning of year $1,054,849 · end of year $1,111,679

  • 12 · Investments: other securities

    beginning of year $612,537 · end of year $536,404

  • 14 · Intangible assets

    beginning of year $84,856 · end of year $80,310

  • 15 · Other assets

    beginning of year $23,453 · end of year $26,537

  • 17 · Accounts payable and accrued expenses

    beginning of year $72,583 · end of year $15,363

  • 19 · Deferred revenue

    beginning of year $13,558 · end of year $15,926

  • 23 · Secured mortgages and notes payable

    beginning of year $1,561,084 · end of year $1,516,157

  • 25 · Other liabilities

    beginning of year $119,797 · end of year $166,324

  • 27 · Net assets without donor restrictions

    beginning of year $77,581 · end of year $108,113

Mission and programs · 2024

Mission

TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY.

  • THE ORGANIZATION PROVIDES 60 UNITS OF LOW INCOME HOUSING FOR THE ELDERLY. SECTION 8 RENTAL ASSISTANCE IS AVAILABLE FOR EVERY APARTMENT IN THE PROJECT.

    Expenses $744,612 · Revenue $936,546

As filed on the 2024 return.

Listed in Part VII

  • Brian O'Grady

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Kathleen Thompson

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Steven Fogel

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Holly Edwards

    CLERK

    Total calculated
    $0
    Hours/week
    0

  • Anne Singleton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Pam Burger

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Marilyn Danylin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

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.

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.

  • HEARTHWAY INC

    501(C)(3) · DEVELOPMENT AND OPERATION OF HOUSING AND COMMUNITY DEVELOPMENT PROJECTS · MA

Provenance

Return type
form_990
Tax year
2024
Filed
23 June 2025
IRS schema version
2024v5.2
Source object
202511769349300136

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