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← EASTHAMPTON HOUSING FOR THE ELDERLY INC

Form 990 for tax year 2024

Filed by EASTHAMPTON HOUSING FOR THE ELDERLY INC.

Totals

Total revenue
$837,694
Total expenses
$722,760
Contributions and grants received
$651,134
Grants paid
$0
Program service revenue
$183,975
Investment income
$612
Other revenue
$1,973
Total assets, end of year
$1,446,725
Total liabilities, end of year
$1,932,548
Net assets or fund balances, end of year
-$485,823
Program services expenses (Part IX)
$668,267
Management and general expenses
$54,493
Fundraising expenses
$0
Program service expenses (Part III)
$668,267

Program services were 92.5% 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)

    $651,134

  • 2a · Program service revenue: TENANT RENTS

    total $183,975 · related or exempt $183,975

  • 3 · Investment income

    total $612 · excluded $612

  • 11a · Other revenue: LAUNDRY & VENDING REVE

    total $1,973 · related or exempt $1,973

  • 11e · Other revenue, total

    $1,973

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $37,364 · management and general $37,364

  • 11b · Fees: legal

    total $1,334 · program services $1,334

  • 11c · Fees: accounting

    total $17,129 · management and general $17,129

  • 11g · Fees: other

    total $115,647 · program services $115,647

  • 12 · Advertising and promotion

    total $99 · program services $99

  • 13 · Office expenses

    total $23,484 · program services $23,484

  • 16 · Occupancy

    total $398,379 · program services $398,379

  • 19 · Conferences, conventions and meetings

    total $1,088 · program services $1,088

  • 22 · Depreciation, depletion and amortization

    total $80,863 · program services $80,863

  • 24a · Other expenses: RESIDENT SERVICES

    total $46,547 · program services $46,547

  • 24b · Other expenses: BAD DEBTS

    total $826 · program services $826

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $53,305 · end of year $98,154

  • 4 · Accounts receivable

    beginning of year $3,617 · end of year $2,945

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,807 · end of year $27,883

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

    $3,293,623

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

    $2,281,824

  • 10c · Land, buildings and equipment, net

    beginning of year $1,092,662 · end of year $1,011,799

  • 15 · Other assets

    beginning of year $180,950 · end of year $305,944

  • 17 · Accounts payable and accrued expenses

    beginning of year $69,959 · end of year $131,616

  • 19 · Deferred revenue

    beginning of year $5,772 · end of year $1,442

  • 21 · Escrow or custodial account liability

    beginning of year $13,052 · end of year $13,190

  • 23 · Secured mortgages and notes payable

    beginning of year $1,868,315 · end of year $1,786,300

  • 27 · Net assets without donor restrictions

    beginning of year -$600,757 · end of year -$485,823

Mission and programs · 2024

Mission

PROVIDE LOW-INCOME HOUSING FOR THE ELDERLY

  • PROVIDE ELDERLY PERSONS OF LOW AND VERY LOW INCOME WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR NEEDS.

    Expenses $668,267 · Revenue $185,948

As filed on the 2024 return.

Listed in Part VII

  • D MORGAN WILSON

    DIRECTOR, TREASURER

    Total calculated
    $303,058
    From this org
    $0
    From related orgs
    $257,743
    Other
    $45,315
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $256,623 related
    Bonus
    $0
    Other
    $0 + $1,120 related
    Deferred
    $0 + $10,675 related
    Nontaxable benefits
    $0 + $34,640 related
    Filer's total
    $0 + $303,058 related

  • JESSICA ELTON

    DIRECTOR, VICE PRESIDENT

    Total calculated
    $215,279
    From this org
    $0
    From related orgs
    $194,553
    Other
    $20,726
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $194,362 related
    Bonus
    $0
    Other
    $0 + $191 related
    Deferred
    $0 + $7,886 related
    Nontaxable benefits
    $0 + $12,840 related
    Filer's total
    $0 + $215,279 related

  • THOMAS BUONOPANE

    DIRECTOR, PRESIDENT

    Total calculated
    $291,565
    From this org
    $0
    From related orgs
    $247,012
    Other
    $44,553
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $245,949 related
    Bonus
    $0
    Other
    $0 + $1,063 related
    Deferred
    $0 + $10,221 related
    Nontaxable benefits
    $0 + $34,332 related
    Filer's total
    $0 + $291,565 related

  • BETH ELLIOTT

    CLERK

    Total calculated
    $201,770
    From this org
    $0
    From related orgs
    $192,944
    Other
    $8,826
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $183,205 related
    Bonus
    $0 + $9,500 related
    Other
    $0 + $239 related
    Deferred
    $0 + $7,708 related
    Nontaxable benefits
    $0 + $1,118 related
    Filer's total
    $0 + $201,770 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 4B
THOMAS BUONOPANE $1,066 D. MORGAN WILSON $1,485

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2024
Filed
15 March 2026
IRS schema version
2024v5.5
Source object
202620769349300002

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