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← HOUSING BENEFITS

Form 990 for tax year 2022

Filed by HOUSING BENEFITS.

Totals

Total revenue
$3,609,406
Total expenses
$4,446,007
Contributions and grants received
$1,349,165
Grants paid
$0
Program service revenue
$2,124,216
Investment income
$4,758
Other revenue
$131,267
Total assets, end of year
$24,938,003
Total liabilities, end of year
$18,660,479
Net assets or fund balances, end of year
$6,277,524
Program services expenses (Part IX)
$3,813,129
Management and general expenses
$381,704
Fundraising expenses
$251,174
Program service expenses (Part III)
$3,813,129

Program services were 85.8% 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.

  • 1d · Related organizations

    $1,299,165

  • 1f · All other contributions, gifts and grants

    $50,000

  • 2a · Program service revenue: Tenant Rent

    total $2,011,003 · related or exempt $2,011,003

  • 2b · Program service revenue: Laundry/Vending/Misc

    total $113,213 · related or exempt $113,213

  • 3 · Investment income

    total $4,758 · excluded $4,758

  • 11a · Other revenue: Cancellation of Debt

    total $131,267 · excluded $131,267

  • 11e · Other revenue, total

    $131,267

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $699,324 · program services $559,458 · management and general $83,919 · fundraising $55,947

  • 8 · Pension plan contributions

    total $8,577 · program services $6,862 · management and general $1,029 · fundraising $686

  • 10 · Payroll taxes

    total $60,833 · program services $48,666 · management and general $7,300 · fundraising $4,867

  • 11a · Fees: management

    total $903,571 · program services $903,571

  • 11b · Fees: legal

    total $15,789 · program services $12,631 · management and general $1,895 · fundraising $1,263

  • 11c · Fees: accounting

    total $56,200 · program services $44,960 · management and general $6,744 · fundraising $4,496

  • 11g · Fees: other

    total $5,342 · program services $4,274 · management and general $641 · fundraising $427

  • 13 · Office expenses

    total $15,935 · program services $12,749 · management and general $1,912 · fundraising $1,274

  • 14 · Information technology

    total $6,050 · program services $4,840 · management and general $726 · fundraising $484

  • 16 · Occupancy

    total $845,777 · program services $727,251 · management and general $71,115 · fundraising $47,411

  • 17 · Travel

    total $8,499 · program services $6,799 · management and general $1,020 · fundraising $680

  • 20 · Interest

    total $223,880 · program services $179,104 · management and general $26,866 · fundraising $17,910

  • 22 · Depreciation, depletion and amortization

    total $959,575 · program services $767,660 · management and general $115,149 · fundraising $76,766

  • 23 · Insurance

    total $151,367 · program services $123,387 · management and general $18,164 · fundraising $9,816

  • 24a · Other expenses: Repairs & Maintenance

    total $360,329 · program services $288,264 · management and general $43,239 · fundraising $28,826

  • 24b · Other expenses: Condo Fees

    total $73,299 · program services $73,299

  • 24c · Other expenses: Miscellaneous

    total $50,170 · program services $49,354 · management and general $495 · fundraising $321

  • 24d · Other expenses: Loss on Disposals

    total $1,490 · management and general $1,490

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $217,763 · end of year $420,828

  • 2 · Savings and temporary cash investments

    beginning of year $766,092 · end of year $822,618

  • 4 · Accounts receivable

    beginning of year $24,300 · end of year $36,095

  • 9 · Prepaid expenses and deferred charges

    beginning of year $33,690 · end of year $55,528

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

    $33,935,437

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

    $10,418,996

  • 10c · Land, buildings and equipment, net

    beginning of year $18,755,158 · end of year $23,516,441

  • 12 · Investments: other securities

    beginning of year $25,051 · end of year $25,051

  • 15 · Other assets

    beginning of year $26,632 · end of year $61,442

  • 17 · Accounts payable and accrued expenses

    beginning of year $621,695 · end of year $1,061,515

  • 19 · Deferred revenue

    beginning of year $13,859 · end of year $28,938

  • 23 · Secured mortgages and notes payable

    beginning of year $11,469,516 · end of year $15,269,826

  • 25 · Other liabilities

    beginning of year $1,756,750 · end of year $2,300,200

  • 27 · Net assets without donor restrictions

    beginning of year $5,986,866 · end of year $6,277,524

Mission and programs · 2022

Mission

Purchase and development of transitional and low-income housing.

  • Transitional and low-income housing.

    Expenses $3,813,129 · Revenue $2,124,216

As filed on the 2022 return.

Listed in Part VII

  • Heather Whitfield

    Chairperson

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Brian Hansen

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Chad Campbell

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Samantha Dove

    Director

    Total calculated
    $0
    Hours/week
    1

  • Richard Goulette

    Director

    Total calculated
    $0
    Hours/week
    1

  • Liz Isabelle

    Director

    Total calculated
    $0
    Hours/week
    1

  • Josh Reap

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jessica Morin

    Past Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Maria Devlin

    President/CEO

    Total calculated
    $200,552
    From this org
    $0
    From related orgs
    $182,051
    Other
    $18,501
    Hours/week
    9 + 31 related

    Schedule J breakdown matched by us

    Base
    $0 + $182,051 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,523 related
    Nontaxable benefits
    $0 + $13,978 related
    Filer's total
    $0 + $200,552 related

  • Lisa Allard

    Past CFO

    Total calculated
    $114,486
    From this org
    $0
    From related orgs
    $95,139
    Other
    $19,347
    Hours/week
    14 + 26 related

  • Kumar Ampapathini

    Interim CFO

    Total calculated
    $33,750
    From this org
    $0
    From related orgs
    $33,750
    Other
    $0
    Hours/week
    14 + 26 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

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

The filer's explanations (Part III)

Form 990, Part VII, Line 5:
Families in Transition, a related organization, paid TechCXO, an unrelated organization, $33,750 for services provided by Kumar Ampapathini as Interm CFO to both organizations during 2022. Families in Transition is not able to determine the compensation paid to Kumar Ampapathini, only the amount paid to TechCXO.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • HB-AH LLC

    Rental · NH · income $358,774 · assets $1,474,668

    Directly controlled by Housing Benefits

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Family Willows LP

    Related · Rental · NH · 99.99% owned · share of income -$18,890 · share of assets $2,638,174

    Directly controlled by Big Shady Tree Inc

Related corporations and trusts

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

  • Bicentennial Families Concord Inc

    C · Rental · NH · 100% owned · controlled entity

    Directly controlled by Housing Benefits

  • Brick Mill House Families II Inc

    C · Rental · NH · 100% owned · controlled entity

    Directly controlled by Housing Benefits

  • Big Shady Tree Inc

    C · Rental · NH

  • Second Street Family Mill Inc

    C · Rental · NH

  • Wilson Street Condominium Association

    C · Condo Association · NH

Provenance

Return type
form_990
Tax year
2022
Filed
21 September 2023
IRS schema version
2022v5.0
Source object
202312689349300756

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