Civic Intelligence

Harbor Homes Inc

EIN 02-0351932 • 501(c)3 • Nashua, NH

Profile

Harbor homes's mission is to create and provide quality health care, housing and supportive services to individuals and their families, including veterans challenged with a behavioral mental health disorder and/or homelessness.

77 Northeastern BoulevardNashua, NH 03062

www.harborhomes.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

84th percentile

0.73x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

69th percentile

0.58x

Higher debt load relative to revenue than 69% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

26th percentile

-3.0%

Higher net margin than 26% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

63rd percentile

$321,315

Higher top officer pay than 63% of similar nonprofits.

Top officer pay equals 0.8% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

35th percentile

1.3%

Faster asset growth than 35% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

43rd percentile

4.8%

Faster revenue growth than 43% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Up

$31,604,907

Up $411,177 (+1.3%) from 2023

Liabilities

Up

$23,155,087

Up $1,638,860 (+7.6%) from 2023

Net Assets

Down

$8,449,820

Down $1,227,683 (-13%) from 2023

Revenue

Up

$39,707,253

Up $1,813,213 (+4.8%) from 2023

Expenses

Up

$40,917,334

Up $3,436,835 (+9.2%) from 2023

Net Income

Down

-$1,210,081

Down $1,623,622 (-393%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $14,622,211Liabilities 2010: $11,351,950Net Assets 2010: $3,270,2612010Assets 2011: $15,059,156Liabilities 2011: $11,298,383Net Assets 2011: $3,760,7732011Assets 2012: $15,893,659Liabilities 2012: $12,357,618Net Assets 2012: $3,536,0412012Assets 2013: $18,265,539Liabilities 2013: $14,783,673Net Assets 2013: $3,481,8662013Assets 2014: $22,572,416Liabilities 2014: $15,022,915Net Assets 2014: $7,549,5012014Assets 2015: $22,644,964Liabilities 2015: $15,099,659Net Assets 2015: $7,545,3052015Assets 2016: $21,827,580Liabilities 2016: $14,086,701Net Assets 2016: $7,740,8792016Assets 2017: $27,467,574Liabilities 2017: $20,326,393Net Assets 2017: $7,141,1812017Assets 2018: $27,581,972Liabilities 2018: $20,778,552Net Assets 2018: $6,803,4202018Assets 2019: $27,946,846Liabilities 2019: $21,230,679Net Assets 2019: $6,716,1672019Assets 2020: $31,595,862Liabilities 2020: $22,217,835Net Assets 2020: $9,378,0272020Assets 2021: $29,802,318Liabilities 2021: $20,315,708Net Assets 2021: $9,486,6102021Assets 2022: $28,609,694Liabilities 2022: $19,379,703Net Assets 2022: $9,229,9912022Assets 2023: $31,193,730Liabilities 2023: $21,516,227Net Assets 2023: $9,677,5032023Assets 2024: $31,604,907Liabilities 2024: $23,155,087Net Assets 2024: $8,449,8202024

Highlighted filing

2024

Assets$31,604,907
Liabilities$23,155,087
Net Assets$8,449,820

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $9,247,3172010Expenses 2011: $10,044,5992011Expenses 2012: $8,386,0062012Revenue 2013: $9,471,245Expenses 2013: $9,537,689Net Income 2013: -$66,4442013Revenue 2014: $17,168,451Expenses 2014: $13,121,002Net Income 2014: $4,047,4492014Revenue 2015: $15,470,627Expenses 2015: $15,476,138Net Income 2015: -$5,5112015Revenue 2016: $16,514,956Expenses 2016: $17,529,943Net Income 2016: -$1,014,9872016Revenue 2017: $22,008,540Expenses 2017: $22,626,428Net Income 2017: -$617,8882017Revenue 2018: $27,910,201Expenses 2018: $28,247,962Net Income 2018: -$337,7612018Revenue 2019: $31,134,964Expenses 2019: $31,433,019Net Income 2019: -$298,0552019Revenue 2020: $32,699,479Expenses 2020: $30,037,410Net Income 2020: $2,662,0692020Revenue 2021: $34,009,669Expenses 2021: $33,987,733Net Income 2021: $21,9362021Revenue 2022: $36,882,083Expenses 2022: $37,123,368Net Income 2022: -$241,2852022Revenue 2023: $37,894,040Expenses 2023: $37,480,499Net Income 2023: $413,5412023Revenue 2024: $39,707,253Expenses 2024: $40,917,334Net Income 2024: -$1,210,0812024

Highlighted filing

2024

Revenue$39,707,253
Expenses$40,917,334
Net Income-$1,210,081

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$31.6$23.2$8.45$39.7$40.9$1.21
2023Detailed filing. Detailed filing data is available for this year.$31.2$21.5$9.68$37.9$37.5$0.41
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$28.6$19.4$9.23$36.9$37.1$0.24
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.8$20.3$9.49$34.0$34.0$0.02
2020Detailed filing. Detailed filing data is available for this year.$31.6$22.2$9.38$32.7$30.0$2.66
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.9$21.2$6.72$31.1$31.4$0.30
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.6$20.8$6.80$27.9$28.2$0.34
2017Detailed filing. Detailed filing data is available for this year.$27.5$20.3$7.14$22.0$22.6$0.62
2016Detailed filing. Detailed filing data is available for this year.$21.8$14.1$7.74$16.5$17.5$1.01
2015Detailed filing. Detailed filing data is available for this year.$22.6$15.1$7.55$15.5$15.5$0.01
2014Detailed filing. Detailed filing data is available for this year.$22.6$15.0$7.55$17.2$13.1$4.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.3$14.8$3.48$9.47$9.54$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.9$12.4$3.54$8.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.1$11.3$3.76$10.0
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.6$11.4$3.27$9.25
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Apr 30, 2025
Return Version
2023v6.0
Gross Receipts
$40,117,484
Mission and Program Overview

Mission

Harbor homes's mission is to create and provide quality health care, housing and supportive services to individuals and their families, including veterans challenged with a behavioral mental health disorder and/or homelessness.

Harbor Care provides New Hampshire families with supportive housing; medical, dental, and mental healthcare; substance misuse treatment; employment services; veteran services; home care; HIV/AIDS services; and other vital supports. We help more than 5,000 adults, children, and families at risk of or experiencing homelessness.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$18,816,657$19,155,899▲ $339,242
Accounts Receivable$1,934,774$2,987,836▲ $1,053,062
Cash and Non-Interest-Bearing Accounts$3,653,801$2,269,718▼ $1,384,083
Intangible Assets$2,396,090$2,158,529▼ $237,561
Other Notes and Loans Receivable, Net$1,271,105$1,271,105→ $0
Savings and Temporary Cash Investments$448,659$464,689▲ $16,030
Investments Other Securities$227,408$248,995▲ $21,587
Inventories for Sale or Use$50,462$124,888▲ $74,426
Prepaid Expenses and Deferred Charges$84,994$121,484▲ $36,490
Investments in Publicly Traded Securities$96,542$91,353▼ $5,189
Total Assets$31,193,730$31,604,907▲ $411,177
Other Assets Total$2,213,238$2,710,411▲ $497,173
Liabilities
Mortgage Notes Payable Secured by Investment Property$14,573,785$14,226,752▼ $347,033
Other Liabilities$4,370,559$5,544,401▲ $1,173,842
Accounts Payable and Accrued Expenses$2,301,424$3,116,383▲ $814,959
Deferred Revenue$270,459$267,551▼ $2,908
Total Liabilities$21,516,227$23,155,087▲ $1,638,860
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$8,972,236$7,952,812▼ $1,019,424
Net Assets With Donor Restrictions$705,267$497,008▼ $208,259
Total Net Assets Fund Balance$9,677,503$8,449,820▼ $1,227,683
Total Liabilities and Net Assets / Fund Balance$31,193,730$31,604,907▲ $411,177

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,558,519$11,143,490$26,702,009
Land$3,168,782-$3,168,782
Equipment$428,598$815,415$1,244,013
Other Assets Org$171,189--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Henry OchCEOPT$284,350$36,965$321,315
Graciela Silvia Sironich-KalkanMedical DirectorFT$236,063$46,420$282,483
Ana PancineCFOFT$194,008$78,618$272,626
Vanessa TalasazanCSOFT$188,664$61,768$250,432
Chun-Rui Ray Zhao MDPhysicianFT$212,454$36,902$249,356
Neha Gupta DMDDentistFT$164,566$62,032$226,598
Ajay GuptaPharmacy DirectorFT$165,583$44,689$210,272
Peter J KelleherFormer CEO-$46,263$56,865$103,128

Board Members and Trustees

NameTitle
Joel JaffeBoard Chair
Rick PlanteVice Chair
Alison C Madden MDBoard Member
Ed McDonoughBoard Member
Lanna MartinBoard Member
Rosemarie DykemanBoard Member
Sekondi FosterBoard Member
Thomas Arnold IIIBoard Member
Vijay BhattBoard Member
Dan SalletBoard Member (end 12/2023)
Prathima Bayisetty DDSBoard Member (start 9/2023)
Laurie GoguenAsst. Secretary
Vincent ChamberlainAsst. Treasurer
Trent SmithSecretary
Jared FreilichTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$23,995,756
Program Service Revenue
$15,185,545
Investment Income
$48,418
Other Revenue
$477,534
All Other Contributions
$848,175
Change in Net Assets
$-1,210,081

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Food Inventory32$94,097Fair Market Value
Clothing and Household Goods-$14,703Fair Market Value
Total Noncash Contributions32$108,800-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$20,026,447
Other Expenses$15,262,443
Grants and Similar Amounts Paid$5,628,444
Total Fundraising Expense$609,458
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$10,685,345$4,118,500$337,709$15,141,554
Grants to Domestic Orgs$5,628,444--$5,628,444
Other Employee Benefits$1,809,187$736,538$26,602$2,572,327
Payroll Taxes$818,306$282,758$25,430$1,126,494
Occupancy$997,240$110,906$3,578$1,111,724
Depreciation Depletion$678,241$350,123-$1,028,364
Information Technology$680,245$287,509$290$968,044
Fees for Services Other$696,094$265,530-$961,624
Current Officers, Directors, Trustees, and Key Employees$419,007$162,371$12,563$593,941
Pension Plan Contributions$416,462$169,546$6,123$592,131
Office Expenses$330,666$49,951$177,276$557,893
Interest$295,147$93,229-$388,376
Conferences and Meetings$261,805$89,539$5,242$356,586
Insurance$151,260$77,363-$228,623
Travel$185,781$8,511$19$194,311
Fees for Services Legal-$131,797-$131,797
Other Expenses$90,265--$90,265
Advertising$65,956$8,548$14,626$89,130
Fees for Services Accounting-$83,301-$83,301
Fees for Services Lobbying$30,000--$30,000
All Other Expenses$1,150$13,841-$14,991
Fees for Services Management-$12,518-$12,518
Total Functional Expenses$33,255,497$7,052,379$609,458$40,917,334
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
White Horse Addiction Center IncNorth Conway, NH501(c)(3)Grant Award Passed To Subrecipient$941,725
SOS Recovery Community OrganizationRochester, NH501(c)(3)Grant Award Passed To Subrecipient$823,529
ArchwaysTilton, NH501(c)(3)Grant Award Passed To Subrecipient$812,171
Revive Recovery CenterNashua, NH501(c)(3)Grant Award Passed To Subrecipient$641,387
TLC Family Resource CenterClarement, NH501(c)(3)Grant Award Passed To Subrecipient$427,116
Navigating Recovery Of The Lakes RegionLaconia, NH501(c)(3)Grant Award Passed To Subrecipient$424,940
Keene Serenity CenterKeene, NH501(c)(3)Grant Award Passed To Subrecipient$336,425
Hope For NH RecoveryManchester, NH501(c)(3)Grant Award Passed To Subrecipient$301,240
Granite Pathways Inc - Safe Harbor Recovery CenterManchester, NH501(c)(3)Grant Award Passed To Subrecipient$260,723
Addiction Recovery Coalition of New HampshireMilford, NH501(c)(3)Grant Award Passed To Subrecipient$208,320
AIDS Response SeacoastPortsmouth, NH501(c)(3)Grant Award Passed To Subrecipient$168,321
MWV Supports RecoveryCenter Conway, NH501(c)(3)Grant Award Passed To Subrecipient$141,837
Merrimack Valley Assistance ProgramManchester, NH501(c)(3)Grant Award Passed To Subrecipient$93,749
Plymouth Area Recovery ConnectionPlymouth, NH501(c)(3)Grant Award Passed To Subrecipient$31,319
HIVHCV Resource CenterLebanon, NH501(c)(3)Grant Award Passed To Subrecipient$15,642
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
Yes
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$23,895
Gaming Direct Expenses$3,800
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to affiliates$3,342,560
Operating lease liabilities$2,102,426
Finance lease liabilities$54,675
Tenant security deposits$33,495
Charitable annuity liabilities$11,245
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

Dan Sallet, Sekondi Foster, and Lanna Martin share a business relationship.

Form 990, Part VI, Section B, line 11B

Based on policy: The Form 990 is prepared by independent accountants yearly and is reviewed by the Chief Financial Officer and Controller. The Chief Financial Officer will then forward the document to the Chief Operational Officer and the Chief Executive Officer. After it has been successfully reviewed by these officers, the Form 990 is submitted to the members of the Board Finance Committee for their review and approval prior to filing.

Form 990, Part VI, Section B, line 12C

The conflict of interest policy is reviewed yearly by the Board of Directors. Any changes required to the conflict of interest policy are reviewed by attorneys prior to their formal adoption. All members of the Board of Directors are required to sign the conflict of interest policy yearly, and new employees of the Organization must review and sign the policy at the time they are hired.

Form 990, Part VI, Section B, line 15

The President and CEO is employed by contract, which is reviewed before it expires. The Board of Directors engages legal counsel and other qualified experts for assistance in reviewing the CEO employment contract and any compensation and/or benefit agreements. The base for CEO's compensation is compared with other nonprofit CEOs, reviewed by legal counsel, and approved by the Board of Directors prior to agreement to ensure reasonableness. The President and CEO is responsible for determining and reviewing the compensation of employees and officers that report directly back to the CEO. In cases where the CEO and any directly reporting employees also involves an individual who shares some conflict of interest with the CEO, the CEO will follow the procedures outlined above for determining the President and CEO's own compensation agreement.

Form 990, Part VI, Section C, line 19

The Organization makes its governing documents, conflict of interest policy, and financial statements available upon request. Audited Financial Statements are also posted on the Organization's website: www.harborcarenh.org

Filing and Contact Details

Filer

Filer Name
Harbor Homes Inc
EIN
02-0351932
Phone
6038823616
Address
77 Northeastern Boulevard, Nashua, NH 03062
Doing Business As
Harbor Care

Signing Officer

Name
Ana Pancine
Title
CFO
Phone
6038823616
Signed
2025-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Henry Och
Formed
1980
Legal Domicile
Nh
Voting Board Members
14
Independent Board Members
14
Employees
279
Volunteers
178

Preparer

Firm
Baker Newman & Noyes
Address
PO Box 507, Portland, ME 04112
Preparer
Connor Smart
Phone
2078792100
Supplemental Narrative

Additional Explanations

Form 990, Part III, line 2

On May 31, 2024, the directors voted to implement a plan to merge Healthy at Home, Inc., a nonprofit tax-exempt organization within the meaning of Section 501(c)(3) and also a related organization of Harbor Homes, into Harbor Homes, Inc. Accordingly, all of Healthy at Home's assets and liabilities were transferred to Harbor Homes, Inc. in May of 2024, and Health at Home ceased to operate or hold any assets or liabilities as a standalone entity. Health at Homes' operations and activities, to the extent that such have been continued, are now conducted under Harbor Homes, Inc.

Form 990, Part XI, line 9:

Transfer to affliates -34,000.

Form 990, Part XII, Line 2C:

The finance committee assumes responsibility for oversight of the audit. The auditor is selected by the audit committee.

Financial Statement Notes

Part X, Line 2:

The Organization consists of not-for-profit entities, with the exception of HH Plymouth, as described in Section 501(c)(3) of the Internal Revenue Code (the Code), and is exempt from federal income taxes on related income pursuant to Section 501(a) of the Code. The Organization believes that it has appropriate support for the income tax positions taken and to be taken, and that its accruals for tax liabilities are adequate for all open tax years based on an assessment of many factors including experience and interpretations of tax laws applied to the facts of each matter. Management evaluated the Organization's tax positions and concluded the Organization has maintained its tax-exempt status, does not have any significant unrelated business income, has taken no significant uncertain tax positions that require disclosure in the accompanying consolidated financial statements and has no material liability for unrecognized tax benefits. HH Plymouth is a single-member, New Hampshire Limited Liability Company, with Harbor Homes as its sole member. HH Plymouth has elected to be treated as a corporation.

Raw XML AppendixShowing 400 of 1,154 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0Harbor Care provides New Hampshire families with supportive housing; medical, dental, and mental healthcare; substance misuse treatment; employment services; veteran services; home care; HIV/AIDS services; and other vital supports. We help more than 5,000 adults, children, and families at risk of or experiencing homelessness.
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IRS990/Desc0Housing: Owning and operating more than 30 properties, Harbor Homes provides the housing and supports needed to escape homelessness and sustain independence in the community. The largest builder and supplier of supportive housing for those experiencing homelessness in NH, we serve 1,000 individuals annually through our own housing and the distribution of vouchers used in the private rental market. Our specialized Veterans FIRST programming uses outreach, housing, emergency subsidies, and employment supports to ensure no veteran remains homeless in New Hampshire.
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IRS990/Form990PartVIISectionAGrp/PersonNm6Lanna Martin
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IRS990/Form990PartVIISectionAGrp/PersonNm8Dan Sallet
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IRS990/Form990PartVIISectionAGrp/PersonNm18Chun-Rui Ray Zhao MD
IRS990/Form990PartVIISectionAGrp/PersonNm19Ajay Gupta
IRS990/Form990PartVIISectionAGrp/PersonNm20Neha Gupta DMD
IRS990/Form990PartVIISectionAGrp/PersonNm21Vanessa Talasazan
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IRS990/MissionDesc0Harbor Care's mission is to provide vital services, including housing and healthcare to all in our communities needing assistance. Our vision is one where everyone gets to live safe, stable, and healthy lives, filled with purpose, respect and dignity.
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IRS990/OtherExpensesGrp/Desc0Housing assistance
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