Form 990 for tax year 2025
Filed by OXBOW SENIOR INDEPENDENCE PROGRAM INC.
Totals
- Total revenue
- $503,390
- Total expenses
- $472,034
- Contributions and grants received
- $88,003
- Grants paid
- $0
- Program service revenue
- $414,317
- Investment income
- $1,070
- Other revenue
- $0
- Total assets, end of year
- $839,082
- Total liabilities, end of year
- $1,143,875
- Net assets or fund balances, end of year
- -$304,793
- Program services expenses (Part IX)
- $388,893
- Management and general expenses
- $83,141
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $388,893
Program services were 82.4% 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)
$88,003
-
2a · Program service revenue: Rental Income
total $411,080 · related or exempt $411,080
-
2b · Program service revenue: Other Income
total $3,237 · related or exempt $3,237
-
3 · Investment income
total $1,070 · excluded $1,070
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $36,103 · management and general $36,103
-
11c · Fees: accounting
total $11,525 · management and general $11,525
-
11g · Fees: other
total $23,009 · management and general $23,009
-
12 · Advertising and promotion
total $505 · management and general $505
-
13 · Office expenses
total $5,864 · management and general $5,864
-
14 · Information technology
total $4,416 · management and general $4,416
-
16 · Occupancy
total $105,483 · program services $105,483
-
17 · Travel
total $500 · management and general $500
-
20 · Interest
total $92,829 · program services $92,829
-
22 · Depreciation, depletion and amortization
total $52,144 · program services $52,144
-
23 · Insurance
total $20,100 · program services $20,100
-
24a · Other expenses: Repairs and Maintenance
total $118,337 · program services $118,337
-
24b · Other expenses: Miscellaneous
total $1,219 · management and general $1,219
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $145,067 · end of year $170,233
-
4 · Accounts receivable
beginning of year $10,585 · end of year $15,821
-
9 · Prepaid expenses and deferred charges
beginning of year $21,980 · end of year $22,819
-
10a · Land, buildings and equipment: cost or other basis
$2,545,937
-
10b · Land, buildings and equipment: accumulated depreciation
$1,928,849
-
10c · Land, buildings and equipment, net
beginning of year $658,701 · end of year $617,088
-
15 · Other assets
beginning of year $14,031 · end of year $13,121
-
17 · Accounts payable and accrued expenses
beginning of year $24,217 · end of year $17,512
-
19 · Deferred revenue
beginning of year $5,636 · end of year $4,259
-
23 · Secured mortgages and notes payable
beginning of year $1,142,629 · end of year $1,108,983
-
25 · Other liabilities
beginning of year $14,031 · end of year $13,121
-
27 · Net assets without donor restrictions
beginning of year -$336,149 · end of year -$304,793
Mission and programs · 2025
Mission
We own and operate three housing projects for the low income elderly and disabled, two of which are federally subsidized.
-
15 unit low income housing project for the elderly known as Spear House Apartments.
Expenses $147,017 · Revenue $200,321
-
15 unit low income housing project for the elderly known as Montebello Hill Apartments.
Expenses $170,780 · Revenue $188,567
-
3 unit property located in Wells River, VT known as Spear House.
Expenses $71,096 · Revenue $25,429
As filed on the 2025 return.
Listed in Part VII
-
M Robin Barone
President
- Total calculated
- $0
- Hours/week
- 25
-
Christine Rogers
Vice President
- Total calculated
- $0
- Hours/week
- 4
-
Priscilla Connolly
Secretary
- Total calculated
- $0
- Hours/week
- 4
-
Susan Goodell
Treasurer
- Total calculated
- $0
- Hours/week
- 4
-
Erik Becker
Director
- Total calculated
- $0
- Hours/week
- 2
-
Penelope Carrier
Director
- Total calculated
- $0
- Hours/week
- 2
-
Angela Cleveland
Director
- Total calculated
- $0
- Hours/week
- 2
-
Frances Day
Director
- Total calculated
- $0
- Hours/week
- 2
-
Ann Dow
Director
- Total calculated
- $0
- Hours/week
- 2
-
Randy Foster
Director
- Total calculated
- $0
- Hours/week
- 2
-
Bridget Freudenberger
Director
- Total calculated
- $0
- Hours/week
- 2
-
Stephen Gorman
Director
- Total calculated
- $0
- Hours/week
- 2
-
Susan Retz
Director
- Total calculated
- $0
- Hours/week
- 2
-
Wayne Richardson
Director
- Total calculated
- $0
- Hours/week
- 2
-
Nina Tumosa
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jonathon Verge
Director
- Total calculated
- $0
- Hours/week
- 2
-
Janeen Wernecke
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
- 2025
- Filed
- 31 March 2026
- IRS schema version
- 2025v4.1
- Source object
- 202600919349300900
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