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Nonprofiteer
← EPSOM ELDERLY HOUSING INC

Form 990 for tax year 2023

Filed by EPSOM ELDERLY HOUSING INC.

Totals

Total revenue
$473,921
Total expenses
$535,240
Contributions and grants received
$204,801
Grants paid
$0
Program service revenue
$268,300
Investment income
$820
Other revenue
$0
Total assets, end of year
$2,047,003
Total liabilities, end of year
$3,587,100
Net assets or fund balances, end of year
-$1,540,097
Program services expenses (Part IX)
$460,919
Management and general expenses
$74,321
Fundraising expenses
$0
Program service expenses (Part III)
$460,919

Program services were 86.1% 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.

  • 1e · Government grants (contributions)

    $204,801

  • 2a · Program service revenue: TENANT RENTS

    total $245,398 · related or exempt $245,398

  • 2b · Program service revenue: TENANT FEES

    total $22,902 · related or exempt $22,902

  • 3 · Investment income

    total $820 · related or exempt $820

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $11,144 · management and general $11,144

  • 13 · Office expenses

    total $5,732 · management and general $5,732

  • 16 · Occupancy

    total $109,107 · program services $109,107

  • 19 · Conferences, conventions and meetings

    total $491 · management and general $491

  • 22 · Depreciation, depletion and amortization

    total $97,176 · program services $97,176

  • 23 · Insurance

    total $24,271 · program services $24,271

  • 24a · Other expenses: OPERATING AND MAINTENAN

    total $198,758 · program services $198,758

  • 24b · Other expenses: ADMINISTRATIVE

    total $56,954 · management and general $56,954

  • 24c · Other expenses: REAL ESTATE TAXES

    total $21,131 · program services $21,131

  • 24d · Other expenses: MISCELLANEOUS TAXES AND

    total $7,491 · program services $7,491

  • 24e · All other expenses

    total $2,985 · program services $2,985

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,951 · end of year $1,972

  • 4 · Accounts receivable

    beginning of year $9,950 · end of year $29,777

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,797 · end of year $0

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

    $3,828,213

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

    $2,168,348

  • 10c · Land, buildings and equipment, net

    beginning of year $1,757,041 · end of year $1,659,865

  • 15 · Other assets

    beginning of year $291,538 · end of year $355,389

  • 17 · Accounts payable and accrued expenses

    beginning of year $74,308 · end of year $111,995

  • 19 · Deferred revenue

    beginning of year $472 · end of year $1,593

  • 23 · Secured mortgages and notes payable

    beginning of year $3,451,800 · end of year $3,451,800

  • 25 · Other liabilities

    beginning of year $24,475 · end of year $21,712

  • 27 · Net assets without donor restrictions

    beginning of year -$1,478,778 · end of year -$1,540,097

Mission and programs · 2023

Mission

PROVIDE LOW INCOME HOUSING FOR THE ELDERLY AND/OR HANDICAPPED AND MARKET PROPERTY IN ORDER TO PROMOTE A CONDITION IN WHICH INDIVIDUALS OF SIMILAR INCOME LEVELS IN THE SAME HOUSING MARKET AREA HAVE AVAILABLE TO THEM A LIKE RANGE OF CHOICES IN HOUSING

Activities or mission (Part I)

PROVIDE LOW INCOME HOUSING FOR THE ELDERLY AND/OR HANDICAPPED

  • TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND/OR HANDICAPPED IN THE EPSOM, NH AREA

    Expenses $460,919 · Revenue $269,120

As filed on the 2023 return.

Listed in Part VII

  • ELIZABETH BOSIAK

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • PRISCILLA THOMPSON

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH JONES-ROBINSON

    SECRETARY-TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SHARON FIFIELD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY KEELER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • JUDITH TODD

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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.

Provenance

Return type
form_990
Tax year
2023
Filed
9 July 2024
IRS schema version
2023v5.1
Source object
202412269349301051

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