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← SENIOR CITIZENS HOUSING DEVELOPMENT CORPORATION OF SULLIVAN COUNTY INC

Form 990 for tax year 2025

Filed by SENIOR CITIZENS HOUSING DEVELOPMENT CORPORATION OF SULLIVAN COUNTY INC.

Totals

Total revenue
$224,223
Total expenses
$282,115
Contributions and grants received
$108,563
Grants paid
$0
Program service revenue
$112,918
Investment income
$13
Other revenue
$2,729
Total assets, end of year
$400,263
Total liabilities, end of year
$1,569,231
Net assets or fund balances, end of year
-$1,168,968
Program services expenses (Part IX)
$209,620
Management and general expenses
$72,495
Fundraising expenses
$0
Program service expenses (Part III)
$209,620

Program services were 74.3% 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.

  • 1f · All other contributions, gifts and grants

    $108,563

  • 2a · Program service revenue: RENT REVENUE

    total $112,918 · related or exempt $112,918

  • 3 · Investment income

    total $13 · related or exempt $13

  • 11a · Other revenue: TENANT CHARGES

    total $1,794 · related or exempt $1,794

  • 11b · Other revenue: LAUNDRY AND VENDING

    total $935 · related or exempt $935

  • 11e · Other revenue, total

    $2,729

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $51,094 · management and general $51,094

  • 11b · Fees: legal

    total $126 · management and general $126

  • 11c · Fees: accounting

    total $9,595 · management and general $9,595

  • 12 · Advertising and promotion

    total $933 · management and general $933

  • 13 · Office expenses

    total $5,780 · management and general $5,780

  • 16 · Occupancy

    total $27,528 · program services $27,528

  • 17 · Travel

    total $936 · management and general $936

  • 22 · Depreciation, depletion and amortization

    total $75,143 · program services $75,143

  • 23 · Insurance

    total $12,312 · program services $12,312

  • 24a · Other expenses: CONTRACTS - OPER & MAIN

    total $55,809 · program services $55,809

  • 24b · Other expenses: REAL ESTATE TAXES

    total $14,268 · program services $14,268

  • 24c · Other expenses: SNOW PLOWING

    total $10,660 · program services $10,660

  • 24d · Other expenses: TRASH

    total $6,383 · program services $6,383

  • 24e · All other expenses

    total $11,548 · program services $7,517 · management and general $4,031

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $10,699 · end of year $6,780

  • 4 · Accounts receivable

    beginning of year $3,940 · end of year $1,135

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,179 · end of year $9,218

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

    $1,974,628

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

    $1,676,765

  • 10c · Land, buildings and equipment, net

    beginning of year $372,137 · end of year $297,863

  • 15 · Other assets

    beginning of year $57,531 · end of year $85,267

  • 17 · Accounts payable and accrued expenses

    beginning of year $23,061 · end of year $26,930

  • 19 · Deferred revenue

    beginning of year $1,125 · end of year $1,027

  • 23 · Secured mortgages and notes payable

    beginning of year $1,534,469 · end of year $1,534,265

  • 25 · Other liabilities

    beginning of year $6,907 · end of year $7,009

  • 27 · Net assets without donor restrictions

    beginning of year -$1,301,076 · end of year -$1,358,968

  • 28 · Net assets with donor restrictions

    beginning of year $190,000 · end of year $190,000

Mission and programs · 2025

Mission

TO PROVIDE AFFORDABLE SENIOR HOUSING IN THE CHARLESTOWN, NH AREA.

Activities or mission (Part I)

SENIOR HOUSING

  • THE PROJECT IS A 20 UNIT APARTMENT COMPLEX FOR THE ELDERLY LOCATED IN CHARLESTOWN, NH. THE PROJECT IS OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE PROJECT'S MAJOR PROGRAM IS SECTION 202 CAPITAL ADVANCE AND RENTAL ASSISTANCE. A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD.

    Expenses $209,620 · Revenue $115,660

As filed on the 2025 return.

Listed in Part VII

  • Beth Daniels

    PRESIDENT

    Total calculated
    $168,668
    From this org
    $0
    From related orgs
    $140,601
    Other
    $28,067
    Hours/week
    4

    Schedule J breakdown matched by us

    Base
    $0 + $140,601 related
    Bonus
    $0
    Other
    $0 + $28,067 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $168,668 related

  • Kevin Watterson

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.5

  • Margaret Freeman

    TREASURER

    Total calculated
    $170,997
    From this org
    $0
    From related orgs
    $130,421
    Other
    $40,576
    Hours/week
    0.5

    Schedule J breakdown matched by us

    Base
    $0 + $130,421 related
    Bonus
    $0
    Other
    $0 + $40,576 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $170,997 related

  • Keith Thibault

    SECRETARY

    Total calculated
    $119,799
    From this org
    $0
    From related orgs
    $96,481
    Other
    $23,318
    Hours/week
    0.5

  • David Edkins

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.5

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.

Provenance

Return type
form_990
Tax year
2025
Filed
11 March 2026
IRS schema version
2025v4.0
Source object
202630729349300323

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