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Nonprofiteer
← CONCORD AREA TRUST FOR COMMUNITY HOUSING

Form 990 for tax year 2023

Filed by CONCORD AREA TRUST FOR COMMUNITY HOUSING.

Totals

Total revenue
$1,535,789
Total expenses
$1,343,991
Contributions and grants received
$299,934
Grants paid
$0
Program service revenue
$1,157,861
Investment income
$77,057
Other revenue
$937
Total assets, end of year
$11,812,405
Total liabilities, end of year
$3,977,494
Net assets or fund balances, end of year
$7,834,911
Program services expenses (Part IX)
$1,085,943
Management and general expenses
$111,469
Fundraising expenses
$146,579
Program service expenses (Part III)
$1,085,943

Program services were 80.8% 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.

  • 1c · Fundraising events

    $35,850

  • 1e · Government grants (contributions)

    $90,486

  • 1f · All other contributions, gifts and grants

    $173,598

  • 1g · Noncash contributions included above

    $27,500

  • 2a · Program service revenue: RENTAL INCOME

    total $617,586 · related or exempt $617,586

  • 2b · Program service revenue: SPONSOR AND DEVELOPER

    total $425,000 · related or exempt $425,000

  • 2c · Program service revenue: INCENTIVE FEES

    total $115,275 · related or exempt $115,275

  • 3 · Investment income

    total $77,057 · excluded $77,057

  • 8a · Fundraising events: gross income

    $8,100

  • 8a · Fundraising events: contributions included on line 1c

    $35,850

  • 8b · Fundraising events: direct expenses

    $15,062

  • 8c · Net income from fundraising events

    total -$6,962 · excluded -$6,962

  • 11a · Other revenue: PROPERTY MANAGEMENT EX

    total $7,046 · related or exempt $7,046

  • 11b · Other revenue: MISCELLANEOUS

    total $853 · related or exempt $853

  • 11e · Other revenue, total

    $7,899

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $358,351 · program services $252,669 · management and general $51,929 · fundraising $53,753

  • 7 · Other salaries and wages

    total $39,800 · program services $10,203 · fundraising $29,597

  • 9 · Other employee benefits

    total $84,800 · program services $56,268 · management and general $10,690 · fundraising $17,842

  • 10 · Payroll taxes

    total $7,374 · program services $4,893 · management and general $930 · fundraising $1,551

  • 11a · Fees: management

    total $60,450 · program services $60,450

  • 12 · Advertising and promotion

    total $21,218 · program services $4,404 · management and general $4,941 · fundraising $11,873

  • 13 · Office expenses

    total $79,559 · program services $44,896 · management and general $11,963 · fundraising $22,700

  • 16 · Occupancy

    total $251,025 · program services $251,025

  • 20 · Interest

    total $152,920 · program services $152,451 · management and general $366 · fundraising $103

  • 22 · Depreciation, depletion and amortization

    total $176,677 · program services $176,545 · management and general $103 · fundraising $29

  • 23 · Insurance

    total $38,979 · program services $32,408 · management and general $5,123 · fundraising $1,448

  • 24a · Other expenses: PROFESSIONAL FEES

    total $59,306 · program services $27,627 · management and general $24,699 · fundraising $6,980

  • 24b · Other expenses: MISCELLANEOUS

    total $11,457 · program services $11,457

  • 24c · Other expenses: RESIDENT SERVICES COORD

    total $1,577 · program services $647 · management and general $725 · fundraising $205

  • 24d · Other expenses: COMMUNICATIONS/ADVOCACY

    total $498 · fundraising $498

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $699,347 · end of year $419,666

  • 3 · Pledges and grants receivable

    beginning of year $3,675 · end of year $691

  • 4 · Accounts receivable

    beginning of year $3,335 · end of year $3,750

  • 7 · Other notes and loans receivable

    beginning of year $2,807,534 · end of year $3,067,534

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,915 · end of year $46,947

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

    $7,254,414

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

    $1,997,661

  • 10c · Land, buildings and equipment, net

    beginning of year $5,387,534 · end of year $5,256,753

  • 12 · Investments: other securities

    beginning of year $33,474 · end of year $152,346

  • 13 · Investments: program-related

    beginning of year $193,979 · end of year $194,079

  • 15 · Other assets

    beginning of year $2,640,685 · end of year $2,670,639

  • 17 · Accounts payable and accrued expenses

    beginning of year $83,078 · end of year $83,084

  • 23 · Secured mortgages and notes payable

    beginning of year $3,487,660 · end of year $3,308,262

  • 25 · Other liabilities

    beginning of year $605,658 · end of year $586,148

  • 27 · Net assets without donor restrictions

    beginning of year $6,073,049 · end of year $6,274,878

  • 28 · Net assets with donor restrictions

    beginning of year $1,560,033 · end of year $1,560,033

Mission and programs · 2023

Mission

CATCH'S MISSION IS TO STRENGTHEN OUR COMMUNITIES BY CREATING OPPORTUNITIES FOR PERMANENTLY AFFORDABLE, QUALITY HOUSING FOR PEOPLE OTHERWISE NOT BEING SERVED.

Activities or mission (Part I)

CATCH NEIGHBORHOOD HOUSING IS AN AWARD-WINNING, COMMUNITY-BASED, NON-PROFIT ORGANIZATION OFFERING A FULL SPECTRUM OF HOUSING AND EDUCATION SERVICES IN MERRIMACK COUNTY NEW HAMPSHIRE.

  • AFFORDABLE RENTAL APARTMENTS: CATCH CURRENTLY OWNS AND MAINTAINS 429 AFFORDABLE RENTAL APARTMENTS, 48 MARKET RATE APARTMENTS AND 4 COMMERICAIL SPACES, THAT ARE HOME TO OVER 700 ADULTS AND CHILDREN.

    Expenses $1,085,943 · Revenue $1,165,760

As filed on the 2023 return.

Listed in Part VII

  • Greg Chakmakas

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Aki Mathieu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Oresta Mosca

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Mary Beth Walz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gregory Lessard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Timothy Wade

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Beth Slepian

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Safiya Wade

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chris Nadeau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeff Feingold

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Todd Watson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • James Gallagher III

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Julie Palmeri

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Benjamin Mitchell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Clement Kigugu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thomas Furtado

    PRESIDENT AND CEO

    Total calculated
    $178,178
    From this org
    $150,166
    From related orgs
    $0
    Other
    $28,012
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,166
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $28,012
    Filer's total
    $178,178

  • Dale Heon

    CHIEF FINANCIAL OFFICER

    Total calculated
    $133,212
    From this org
    $122,271
    From related orgs
    $0
    Other
    $10,941
    Hours/week
    40

  • Alexandria Panagiotakos

    CHIEF OPERATING OFFICER

    Total calculated
    $96,855
    From this org
    $85,914
    From related orgs
    $0
    Other
    $10,941
    Hours/week
    40

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

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

The filer's explanations (Part III)

PART I, LINE 3
VARIOUS COMPENSATION PACKAGE SURVEYS FROM MULTIPLE SOURCES, INCLUDING THOSE OF SIMILAR HOUSING ORGANIZATIONS, ARE USED BY THE EXECUTIVE COMMITTEE TO DETERMINE THE COMPENSATION OF THE PRESIDENT.

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.

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.

  • PERLEY PLACE LP

    RELATED · AFFORDABLE HOUSING · NH · 100% owned · share of assets $724,403 · general or managing partner

    Directly controlled by CTC PERLEY PLACE

  • SOUTH END 2000 LP

    RELATED · AFFORDABLE HOUSING · NH · 100% owned · share of assets $1,062,092 · general or managing partner

    Directly controlled by SOUTH END 2000 CORP

  • WILLOW CROSSING LP

    RELATED · AFFORDABLE HOUSING · NH · 100% owned · share of assets $2,402,865 · general or managing partner

    Directly controlled by WILLOW CROSSING LLC

  • FRIEDMAN COURT I LP

    RELATED · AFFORDABLE HOUSING · NH · 0.01% owned · share of assets $5,553,143 · general or managing partner

    Directly controlled by FRIEDMAN COURT LLC

  • FRIEDMAN COURT II LP

    RELATED · AFFORDABLE HOUSING · NH · 0.01% owned · share of assets $4,503,563 · general or managing partner

    Directly controlled by BRUCE FRIEDMAN COURT II LLC

  • BOW VISTA LP

    RELATED · AFFORDABLE HOUSING · NH · 0.01% owned · share of income $9,054 · share of assets $336 · general or managing partner

    Directly controlled by BOW CROSSING LLC

  • MENNINO PLACE LP

    RELATED · AFFORDABLE HOUSING · NH · 0.01% owned · share of assets $567 · general or managing partner

    Directly controlled by MENNINO PLACE LLC

  • BOW VISTA II LP

    RELATED · AFFORDABLE HOUSING · NH · 0.01% owned · share of assets $2,338,757 · general or managing partner

    Directly controlled by BOW CROSSING II LLC

  • FRANKLIN LIGHT AND POWER LP

    RELATED · AFFORDABLE HOUSING · NH · 0.01% owned · share of assets $1,019 · general or managing partner

    Directly controlled by FRANKLIN L&P LLC

  • VILLAGE STREET APARTMENTS LP

    RELATED · AFFORDABLE HOUSING · NH · 0.01% owned · share of assets $906 · general or managing partner

    Directly controlled by VILLAGE STREET GP INC

  • SHEEP DAVIS LP

    RELATED · AFFORDABLE HOUSING · NH · 0.01% owned · general or managing partner

    Directly controlled by SHEEP DAVIS GP INC

Related corporations and trusts

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

  • CTC PERLEY CORPORATION II

    C · AFFORDABLE HOUSING · NH · 100% owned · share of assets $72

    Directly controlled by CONCORD AREA TRUST

  • SOUTH END 2000 CORPORATION

    C · AFFORDABLE HOUSING · NH · 100% owned · share of assets $106

    Directly controlled by CONCORD AREA TRUST

  • 1820 HOUSING COOPERATIVE

    C · AFFORDABLE HOUSING · NH · 100% owned

    Directly controlled by CONCORD AREA TRUST

  • EASTERN APARTMENTS INC

    C · AFFORDABLE HOUSING · NH · 100% owned

    Directly controlled by CONCORD AREA TRUST

  • CATCH THREE BEDROOM TOWNHOUSES

    C · AFFORDABLE HOUSING · NH · 100% owned

    Directly controlled by CONCORD AREA TRUST

  • WILLOW CROSSING LLC

    C · AFFORDABLE HOUSING · NH · 100% owned · share of assets $240

    Directly controlled by CONCORD AREA TRUST

  • FRIEDMAN COURT LLC

    C · AFFORDABLE HOUSING · NH · 100% owned · share of assets $555

    Directly controlled by CONCORD AREA TRUST

  • BRUCE FRIEDMAN COURT II LLC

    C · AFFORDABLE HOUSING · NH · 100% owned · share of assets $450

    Directly controlled by CONCORD AREA TRUST

  • BOW CROSSING LLC

    C · AFFORDABLE HOUSING · NH · 100% owned · share of assets $336

    Directly controlled by CONCORD AREA TRUST

  • MENNINO CROSSING LLC

    C · AFFORDABLE HOUSING · NH · 100% owned · share of assets $567

    Directly controlled by CONCORD AREA TRUST

  • BOW CROSSING II LLC

    C · AFFORDABLE HOUSING · NH · 100% owned · share of assets $2,338,757

    Directly controlled by CONCORD AREA TRUST

  • FRANKLIN L&P LLC

    C · AFFORDABLE HOUSING · NH · 100% owned · share of assets $1,019

    Directly controlled by CONCORD AREA TRUST

  • IMPACT DEVELOPMENT ADVISORS INC

    C · AFFORDABLE HOUSING · NH · 100% owned · share of assets $24,607

    Directly controlled by CONCORD AREA TRUST

  • VILLAGE STREET GP INC

    C · AFFORDABLE HOUSING · NH · 100% owned · share of assets $904

    Directly controlled by CONCORD AREA TRUST

  • SHEEP DAVIS GP INC

    C · AFFORDABLE HOUSING · NH · 100% owned

    Directly controlled by CONCORD AREA TRUST

Provenance

Return type
form_990
Tax year
2023
Filed
6 February 2025
IRS schema version
2023v6.0
Source object
202510379349301316

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