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Nonprofiteer
← 101 MAIN STREET INC

Form 990 for tax year 2023

Filed by 101 MAIN STREET INC.

Totals

Total revenue
$75,967
Total expenses
$176,077
Contributions and grants received
$31,380
Grants paid
$0
Program service revenue
$43,800
Investment income
$787
Other revenue
$0
Total assets, end of year
$3,384,602
Total liabilities, end of year
$3,067,042
Net assets or fund balances, end of year
$317,560
Program services expenses (Part IX)
$176,077
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$176,077

Program services were 100.0% 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

    $31,380

  • 2a · Program service revenue: Rental Income

    total $43,800 · related or exempt $43,800

  • 3 · Investment income

    total $787 · excluded $787

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $18,846 · program services $18,846

  • 20 · Interest

    total $30,468 · program services $30,468

  • 22 · Depreciation, depletion and amortization

    total $126,748 · program services $126,748

  • 24a · Other expenses: Bank Fees

    total $15 · program services $15

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $59,956 · end of year $55,662

  • 2 · Savings and temporary cash investments

    beginning of year $94,959 · end of year $72,423

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

    $3,459,003

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

    $231,281

  • 10c · Land, buildings and equipment, net

    beginning of year $3,322,583 · end of year $3,227,722

  • 15 · Other assets

    beginning of year $5,650 · end of year $28,795

  • 17 · Accounts payable and accrued expenses

    beginning of year $16,543 · end of year $8,730

  • 23 · Secured mortgages and notes payable

    beginning of year $3,048,935 · end of year $3,056,061

  • 25 · Other liabilities

    beginning of year $0 · end of year $2,251

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $417,670 · end of year $317,560

Mission and programs · 2023

Mission

101 Main Street, Inc. is a non-profit supporting organization of The Northern Forest Center, Inc. 101 Main Street, Inc., holds title to the Parker J. Noyes building at 101 Main Street in Lancaster, NH.

Activities or mission (Part I)

101 Main Street, Inc. is a non-profit supporting organization of The Northern Forest Center, Inc.

  • 101 Main Street, Inc., served as the fiduciary agent and owner of the 11,000-square-foot property at 101 Main Street in Lancaster, NH. This historic property is known as the Parker J. Noyes building and is sited at the north end of Lancaster's traditional downtown district. The Northern Forest Center, Inc., is redeveloping the property to provide improved commercial and residential real estate that will serve Lancaster's needs for quality rental properties and as an economic hub of New Hampshire's North Country.

    Expenses $176,077 · Revenue $43,800

As filed on the 2023 return.

Listed in Part VII

  • Robert Riley

    Chair

    Total calculated
    $205,390
    From this org
    $0
    From related orgs
    $168,546
    Other
    $36,844
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $168,546 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,410 related
    Nontaxable benefits
    $0 + $31,434 related
    Filer's total
    $0 + $205,390 related

  • Jim Tibbetts

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Tabitha Bowling

    Director

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Terry Large

    Director

    Total calculated
    $0
    Hours/week
    1

  • Richard Nichols

    Director

    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. 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 · 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

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
2023
Filed
27 February 2025
IRS schema version
2023v6.0
Source object
202500769349301100

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