Form 990 for tax year 2024

Filed by PLEASANT STREET HOUSING INC.

Totals

Total revenue: $283,651
Total expenses: $269,203
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $283,572
Investment income: $79
Other revenue: $0
Total assets, end of year: $547,166
Total liabilities, end of year: $935,564
Net assets or fund balances, end of year: -$388,398
Program services expenses (Part IX): $224,227
Management and general expenses: $44,976
Fundraising expenses: $0
Program service expenses (Part III): $224,227

Program services were 83.3% 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: Program Revenue

total $283,572 · related or exempt $282,763 · excluded $809
3 · Investment income

total $79 · excluded $79

Functional expenses

Part IX, the statement of functional expenses.

11a · Fees: management

total $16,800 · management and general $16,800
11b · Fees: legal

total $4,821 · management and general $4,821
11c · Fees: accounting

total $20,123 · management and general $20,123
11g · Fees: other

total $1,000 · management and general $1,000
13 · Office expenses

total $8,109 · program services $8,109
16 · Occupancy

total $98,155 · program services $98,155
20 · Interest

total $49,288 · program services $49,288
22 · Depreciation, depletion and amortization

total $39,681 · program services $39,681
23 · Insurance

total $25,775 · program services $25,775
24a · Other expenses: Supplies

total $3,212 · program services $3,212
24b · Other expenses: Bad Debt

total $1,828 · management and general $1,828
24c · Other expenses: Miscellaneous

total $411 · program services $7 · management and general $404

Balance sheet

Part X, book values.

2 · Savings and temporary cash investments

beginning of year $124,642 · end of year $148,690
4 · Accounts receivable

beginning of year $1,525 · end of year $5,966
9 · Prepaid expenses and deferred charges

beginning of year $1,562
10a · Land, buildings and equipment: cost or other basis

$1,426,619
10b · Land, buildings and equipment: accumulated depreciation

$1,040,346
10c · Land, buildings and equipment, net

beginning of year $425,954 · end of year $386,273
15 · Other assets

beginning of year $6,666 · end of year $6,237
17 · Accounts payable and accrued expenses

beginning of year $102,117 · end of year $101,575
19 · Deferred revenue

beginning of year $1,487 · end of year $4,511
23 · Secured mortgages and notes payable

beginning of year $848,917 · end of year $819,226
25 · Other liabilities

beginning of year $10,674 · end of year $10,252
27 · Net assets without donor restrictions

beginning of year -$402,846 · end of year -$388,398

Mission and programs · 2024

Mission

Apartment complex to provide housing to low income adults living with mental illness who are served by its sponsor, Shalom House, Inc. Shalom House, Inc. provides an array of community-based mental health services and a choice of affordable quality housing to persons suffering from severe mental illness.

Activities or mission (Part I)

Apartment complex to provide housing to low income adults living with mental illness who are served by its sponsor, Shalom House, Inc.

To provide HUD subsidized apartments for low income adults living with mental illness.

Expenses $224,227 · Revenue $283,572

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Mark Adelson

President

Total calculated

$0

Hours/week

0.25 + 0.75 related
Holly Burbank

Vice President

Total calculated

$0

Hours/week

0.25 + 0.75 related
James Ascanio

Treasurer

Total calculated

$0

Hours/week

0.25 + 1 related
Kelly Webber

Assistant Treasurer

Total calculated

$0

Hours/week

0.25 + 0.75 related
Richard Fischer

Secretary

Total calculated

$0

Hours/week

0.25 + 0.75 related
Shawn Baldwin

Director

Total calculated

$0

Hours/week

0.25 + 0.75 related
Brian Kilgallen

Director

Total calculated

$0

Hours/week

0.25 + 0.75 related
Susan Lichtman Maataoui PhD

Director

Total calculated

$0

Hours/week

0.25 + 0.75 related
Tessa Metcalfe

Director

Total calculated

$0

Hours/week

0.25 + 0.75 related
Haley Pogachefsky

Director

Total calculated

$0

Hours/week

0.25 + 0.75 related
Gary Rogers

Director

Total calculated

$0

Hours/week

0.25 + 0.75 related
Mike Sprague

Director

Total calculated

$0

Hours/week

0.25 + 0.75 related
Jennifer Yahr

Director

Total calculated

$0

Hours/week

0.25 + 0.75 related
Mary Haynes-Rodgers

Executive Director

Total calculated

$162,822

From this org

$0

From related orgs

$156,348

Other

$6,474

Hours/week

5 + 40 related

Schedule J breakdown matched by us

Base

$0 + $124,048 related

Bonus

$0

Other

$0 + $32,300 related

Deferred

$0 + $4,742 related

Nontaxable benefits

$0 + $1,732 related

Filer's total

$0 + $162,822 related
Douglas Davidson

Finance Director

Total calculated

$106,131

From this org

$0

From related orgs

$102,258

Other

$3,873

Hours/week

5 + 40 related

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

None.

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

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.

Shalom House Inc

501(c)(3) · Mental Health · ME

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.

30 Mellen Street LP

Provide Housing · ME
Ninety High LP co Shalom House Inc

Provide Housing · ME
315 Valley Street LP

Provide Housing · ME

Related corporations and trusts

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

Shalom House Valley Street Development

C · Development · ME
Shalom Mellen Street Inc

C · Provide Housing · ME

Provenance

Return type: form_990
Tax year: 2024
Filed: 23 October 2025
IRS schema version: 2024v5.2
Source object: 202522979349300637

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