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Nonprofiteer
← LAMOILLE HOUSING PARTNERSHIP INC

Form 990 for tax year 2023

Filed by LAMOILLE HOUSING PARTNERSHIP INC.

Totals

Total revenue
$5,108,938
Total expenses
$1,272,540
Contributions and grants received
$4,737,911
Grants paid
$0
Program service revenue
$357,263
Investment income
$327
Other revenue
$13,437
Total assets, end of year
$9,311,323
Total liabilities, end of year
$2,040,246
Net assets or fund balances, end of year
$7,271,077
Program services expenses (Part IX)
$1,040,822
Management and general expenses
$126,654
Fundraising expenses
$105,064
Program service expenses (Part III)
$1,040,822

Program services were 81.8% 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

    $8,750

  • 1e · Government grants (contributions)

    $4,401,985

  • 1f · All other contributions, gifts and grants

    $327,176

  • 2a · Program service revenue: RENTAL INCOME

    total $311,975 · related or exempt $311,975

  • 2b · Program service revenue: INCOME FROM LTD. PARTNERSHIPS

    total $27,688 · related or exempt $27,688

  • 2c · Program service revenue: DEVELOPMENT FEES

    total $17,600 · related or exempt $17,600

  • 3 · Investment income

    total $327 · excluded $327

  • 8a · Fundraising events: gross income

    $8,175

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

    $8,750

  • 8b · Fundraising events: direct expenses

    $10,937

  • 8c · Net income from fundraising events

    total -$2,762 · excluded -$2,762

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $16,199 · related or exempt $16,199

  • 11e · Other revenue, total

    $16,199

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $139,611 · program services $135,423 · management and general $1,396 · fundraising $2,792

  • 7 · Other salaries and wages

    total $148,840 · program services $8,098 · management and general $68,923 · fundraising $71,819

  • 8 · Pension plan contributions

    total $3,878 · program services $1,340 · management and general $1,237 · fundraising $1,301

  • 9 · Other employee benefits

    total $22,643 · program services $11,209 · management and general $5,548 · fundraising $5,886

  • 10 · Payroll taxes

    total $23,064 · program services $11,428 · management and general $5,646 · fundraising $5,990

  • 11a · Fees: management

    total $36,041 · program services $36,041

  • 11b · Fees: legal

    total $7,603 · management and general $7,603

  • 11c · Fees: accounting

    total $14,200 · management and general $14,200

  • 11g · Fees: other

    total $13,645 · program services $12,403 · management and general $1,242

  • 12 · Advertising and promotion

    total $7,747 · program services $3,173 · management and general $4,574

  • 13 · Office expenses

    total $15,805 · program services $7,968 · management and general $3,803 · fundraising $4,034

  • 14 · Information technology

    total $3,770 · program services $1,868 · management and general $923 · fundraising $979

  • 16 · Occupancy

    total $223,983 · program services $211,634 · management and general $5,992 · fundraising $6,357

  • 17 · Travel

    total $1,213 · program services $600 · management and general $298 · fundraising $315

  • 19 · Conferences, conventions and meetings

    total $8,713 · program services $4,317 · management and general $2,133 · fundraising $2,263

  • 20 · Interest

    total $45,640 · program services $45,640

  • 22 · Depreciation, depletion and amortization

    total $94,667 · program services $94,079 · management and general $285 · fundraising $303

  • 23 · Insurance

    total $32,992 · program services $30,026 · management and general $1,439 · fundraising $1,527

  • 24a · Other expenses: PASS-THROUGH GRANTS PAID

    total $392,369 · program services $392,369

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $21,000 · program services $21,000

  • 24c · Other expenses: MISC - PROPERTY OPERATION

    total $9,347 · program services $9,347

  • 24d · Other expenses: MISCELLANEOUS

    total $5,769 · program services $2,859 · management and general $1,412 · fundraising $1,498

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $224,887 · end of year $444,832

  • 2 · Savings and temporary cash investments

    beginning of year $138,062 · end of year $223,000

  • 3 · Pledges and grants receivable

    beginning of year $15,774 · end of year $268,640

  • 4 · Accounts receivable

    beginning of year $263,261 · end of year $199,630

  • 7 · Other notes and loans receivable

    beginning of year $770,459 · end of year $1,106,678

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,470 · end of year $12,465

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

    $8,457,932

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

    $1,479,572

  • 10c · Land, buildings and equipment, net

    beginning of year $3,304,728 · end of year $6,978,360

  • 13 · Investments: program-related

    beginning of year $50,030 · end of year $77,718

  • 17 · Accounts payable and accrued expenses

    beginning of year $60,577 · end of year $330,975

  • 19 · Deferred revenue

    end of year $7,877

  • 21 · Escrow or custodial account liability

    beginning of year $18,965 · end of year $19,205

  • 23 · Secured mortgages and notes payable

    beginning of year $1,574,450 · end of year $1,545,373

  • 25 · Other liabilities

    end of year $136,816

  • 27 · Net assets without donor restrictions

    beginning of year $2,829,679 · end of year $6,846,354

  • 28 · Net assets with donor restrictions

    beginning of year $300,000 · end of year $424,723

Mission and programs · 2023

Mission

THE LAMOILLE HOUSING PARTNERSHIP COLLABORATES WITH COMMUNITIES TO CREATE AND PRESERVE QUALITY AFFORDABLE HOUSING OPPORTUNITIES FOR HARDWICK AND LAMOILLE COUNTY.

  • PROPERTY MANAGEMENT AND DEVELOPMENT - ACCOUNTS FOR ALL OPERATIONS OF THE ORGANIZATION FOR REHABILITATION AND DEVELOPMENT OF AFFORDABLE HOUSING.

    Expenses $586,231 · Revenue $17,600

  • PROPERTY OPERATIONS - ACCOUNTS FOR THE RENTAL ACTIVITY AND OPERATIONS FOR ALL THE ORGANIZATION'S PROJECTS. THE PROPERTY OPERATIONS INCLUDES EVERGREEN MANOR MOBILE HOME PARK (EMMHP) WHICH PROVIDES HOUSING FOR LOW INCOME INDIVIDUALS. EMMHP HAS 32 RESIDENTIAL LOTS AND IS LOCATED IN HARDWICK,VERMONT.

    Expenses $454,591 · Revenue $311,975

As filed on the 2023 return.

Listed in Part VII

  • LUCY LERICHE STARTED 112024

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    40

  • MONIQUE MARTIN UNTIL OCT 2023

    EXECUTIVE DI

    Total calculated
    $32,091
    From this org
    $32,068
    From related orgs
    $0
    Other
    $23
    Hours/week
    40

  • JIM LOVINSKY UNTIL DEC 2023

    EXECUTIVE DI

    Total calculated
    $113,080
    From this org
    $110,354
    From related orgs
    $0
    Other
    $2,726
    Hours/week
    40

  • ANNA KERN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • MELISSA SHEFFER

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • TESS MILNER

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • JENNIFER DEGREE

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • KRISTI SANSONE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOHN BRODERICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DAVID FORD

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • STEFANIE EICHLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • HANNAH GALE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CRISTI LAUX

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

No itemized grants to organizations on this return.

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
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202541349349307469

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