Civic Intelligence

Groveton Housing Corporation Co Ahead

EIN 22-2540933 • 501(c)3 • Littleton, NH

Profile

Develop, own and manage subsidized

161 Main StreetLittleton, NH 03562

n/A

Siviq Scores

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

Liabilities / Assets

90th percentile

0.74x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

96th percentile

2.58x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

38th percentile

-0.9%

Higher net margin than 38% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

91st percentile

$120,277

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 68.5% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Asset Growth

29th percentile

-4.9%

Faster asset growth than 29% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

44th percentile

3.1%

Faster revenue growth than 44% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Assets

Down

$654,958

Down $31,927 (-4.6%) from 2022

Liabilities

Up

$483,094

Up $15,329 (+3.3%) from 2022

Net Assets

Down

$171,864

Down $47,256 (-22%) from 2022

Revenue

Up

$148,862

Up $9,161 (+6.6%) from 2022

Expenses

Up

$196,118

Up $33,668 (+21%) from 2022

Net Income

Down

-$47,256

Down $24,507 (-108%) from 2022

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2010: $407,598Liabilities 2010: $457,032Net Assets 2010: -$49,4342010Assets 2011: $375,735Liabilities 2011: $441,434Net Assets 2011: -$65,6992011Assets 2012: $352,983Liabilities 2012: $441,140Net Assets 2012: -$88,1572012Assets 2013: $252,067Liabilities 2013: $436,451Net Assets 2013: -$184,3842013Assets 2014: $1,035,606Liabilities 2014: $794,692Net Assets 2014: $240,9142014Assets 2015: $877,409Liabilities 2015: $478,093Net Assets 2015: $399,3162015Assets 2016: $852,577Liabilities 2016: $481,597Net Assets 2016: $370,9802016Assets 2017: $828,213Liabilities 2017: $493,418Net Assets 2017: $334,7952017Assets 2018: $791,113Liabilities 2018: $465,725Net Assets 2018: $325,3882018Assets 2019: $776,469Liabilities 2019: $462,424Net Assets 2019: $314,0452019Assets 2020: $744,721Liabilities 2020: $486,214Net Assets 2020: $258,5072020Assets 2021: $723,200Liabilities 2021: $481,331Net Assets 2021: $241,8692021Assets 2022: $686,885Liabilities 2022: $467,765Net Assets 2022: $219,1202022Assets 2023: $654,958Liabilities 2023: $483,094Net Assets 2023: $171,8642023

Highlighted filing

2023

Assets$654,958
Liabilities$483,094
Net Assets$171,864

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2010: $126,683Expenses 2010: $127,114Net Income 2010: -$4312010Revenue 2011: $126,512Expenses 2011: $149,945Net Income 2011: -$23,4332011Revenue 2012: $107,662Expenses 2012: $130,120Net Income 2012: -$22,4582012Revenue 2013: $38,776Expenses 2013: $135,003Net Income 2013: -$96,2272013Revenue 2014: $591,331Expenses 2014: $166,033Net Income 2014: $425,2982014Revenue 2015: $313,587Expenses 2015: $155,185Net Income 2015: $158,4022015Revenue 2016: $125,446Expenses 2016: $153,782Net Income 2016: -$28,3362016Revenue 2017: $135,070Expenses 2017: $171,255Net Income 2017: -$36,1852017Revenue 2018: $152,095Expenses 2018: $161,502Net Income 2018: -$9,4072018Revenue 2019: $148,385Expenses 2019: $159,728Net Income 2019: -$11,3432019Revenue 2020: $116,541Expenses 2020: $172,079Net Income 2020: -$55,5382020Revenue 2021: $153,882Expenses 2021: $170,520Net Income 2021: -$16,6382021Revenue 2022: $139,701Expenses 2022: $162,450Net Income 2022: -$22,7492022Revenue 2023: $148,862Expenses 2023: $196,118Net Income 2023: -$47,2562023

Highlighted filing

2023

Revenue$148,862
Expenses$196,118
Net Income-$47,256

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$0.65$0.48$0.17$0.15$0.20$0.05
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.69$0.47$0.22$0.14$0.16$0.02
2021Summary only. Only limited summary data is available for this year.$0.72$0.48$0.24$0.15$0.17$0.02
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.74$0.49$0.26$0.12$0.17$0.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.78$0.46$0.31$0.15$0.16$0.01
2018Summary only. Only limited summary data is available for this year.$0.79$0.47$0.33$0.15$0.16$0.01
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$0.49$0.33$0.14$0.17$0.04
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.85$0.48$0.37$0.13$0.15$0.03
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.88$0.48$0.40$0.31$0.16$0.16
2014Detailed filing. Detailed filing data is available for this year.$1.04$0.79$0.24$0.59$0.17$0.43
2013Detailed filing. Detailed filing data is available for this year.$0.25$0.44$0.18$0.04$0.14$0.10
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.35$0.44$0.09$0.11$0.13$0.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.38$0.44$0.07$0.13$0.15$0.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.46$0.05$0.13$0.13$0.00
Latest Detailed Filing

The latest 2023 filing currently has summary financial data only. Showing the latest detailed filing from 2014 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Mar 30, 2015
Return Version
2014v5.0
Gross Receipts
$591,331
Mission and Program Overview

Mission

Develop, own and manage subsidized residential housing units and related facilities for qualified elderly and persons living with disabilities.

Develop, own and manage subsidized residential housing units and related facilities for qualified elderly individuals

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable-$240,294-
Land, Buildings, and Equipment, Net$171,891$159,860▼ $12,031
Savings and Temporary Cash Investments$43,045$42,490▼ $555
Cash and Non-Interest-Bearing Accounts$9,306$10,243▲ $937
Prepaid Expenses and Deferred Charges$834$935▲ $101
Accounts Receivable$5,907$439▼ $5,468
Total Assets$252,067$1,035,606▲ $783,539
Other Assets Total$21,084$581,345▲ $560,261
Liabilities
Mortgage Notes Payable Secured by Investment Property$426,601$421,329▼ $5,272
Other Liabilities$1,736$315,748▲ $314,012
Accounts Payable and Accrued Expenses$7,618$56,969▲ $49,351
Deferred Revenue$496$646▲ $150
Total Liabilities$436,451$794,692▲ $358,241
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$240,294-
Unrestricted Net Assets$-184,384$620▲ $185,004
Total Net Assets Fund Balance$-184,384$240,914▲ $425,298
Total Liabilities and Net Assets / Fund Balance$252,067$1,035,606▲ $783,539

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$157,109$281,653$438,762
Equipment$2,750$21,821$24,571
Other Land Buildings-$8,339$8,339
Land$1-$1
Other Assets Org$19,872--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Michael ClaflinPresident$86,321$86,321
Cathy TowleTeasurer$67,913$67,913
Olivia BeleauVice President$60,311$60,311
Luther KinneyDirector$48,325$48,325
Sally AyersDirector$35,308$35,308
Revenue and Support

Revenue Composition

Contributions and Grants
$571,266
Program Service Revenue
$18,764
Investment Income
$12
Other Revenue
$1,289
Change in Net Assets
$425,298

Audited Revenue Reconciliation

Revenue per Audited Statements
$591,331
Total Revenue per Audited Statements
$591,331
Total Revenue per Form 990
$591,331
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$166,033
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$29,315$0$0$29,315
Interest$28,847$0$0$28,847
Office Expenses$14,668$0$0$14,668
Depreciation Depletion$12,723$0$0$12,723
Fees for Services Management$0$6,540$0$6,540
Insurance$5,547$0$0$5,547
Fees for Services Accounting$0$4,617$0$4,617
Advertising$0$1,196$0$1,196
Other Expenses$75$0$0$75
Total Functional Expenses$153,680$12,353$0$166,033

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$166,033
Total Expenses per Audited Statements$166,033
Total Expenses per Form 990$166,033
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Pa Rty$313,813
Tenant Security Deposit$1,929
Membership Tenant$6
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Groveton Housing Corporation Co Ahead
EIN
22-2540933
Phone
6034441377
Address
161 MAIN STREET, LITTLETON, NH 03562

Signing Officer

Name
Michael Claflin
Title
President
Phone
6034441377
Signed
2015-03-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Claflin
Formed
1984
Legal Domicile
Nh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Nesseralla & Company LLC
Address
497 HOOKSETT ROAD, MANCHESTER, NH 03104
Preparer
Nesseralla Company LLC
Phone
6033693812
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

Reviewed by president and treasurer prior to filing

Pt VI, Line 19

UPON REQUEST

Pt VI, Line 12C

Annually officers are asked to report any interests that might give rise to conflicts

Form 990EZ, Part I, Line 16

Management fee administrative miscellaneous expense bad debts supportive services advertising

Form 990EZ, Part II, Line 24

Accounts receivable 5907. Prepaid insurance 834. Tenant security deposits 1730. Deferred financing fees 19354.

Form 990EZ, Part II, Line 26

Accounts payable 7618. Prepaid revenue 496. Tenant security deposits 1730. Mortgage notes payable 426601. Miscellaneous 6.

Financial Statement Notes

Pt X, Line 2

The corporation is not a taxpaying entity for federal or state income tax purposes; accordingly, a provision for income taxes has not been recorded in the accompanying financial statements; no reserves for uncertain income tax positions were recorded; and the corporation did not record a cumulative effect adjustment related to the adoption for asc 740-10.

Raw XML AppendixShowing 400 of 428 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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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt07512
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt076234
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt096549
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt076101
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0827662
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt012
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt041
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0136
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0151
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0161
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0133082
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt096549
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt076101
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0827662
IRS990ScheduleA/TotalSupportAmt0828163
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt021821
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0559544
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11929
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt219872
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CONSTRUCTION IN PROGRESS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2UNAMORTIZED FINANCE FEES
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11929
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt26
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PA RTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSIT
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2MEMBERSHIP TENANT
IRS990ScheduleD/RevenueSubtotalAmt0591331
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION IS NOT A TAXPAYING ENTITY FOR FEDERAL OR STATE INCOME TAX PURPOSES; ACCORDINGLY, A PROVISION FOR INCOME TAXES HAS NOT BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS; NO RESERVES FOR UNCERTAIN INCOME TAX POSITIONS WERE RECORDED; AND THE CORPORATION DID NOT RECORD A CUMULATIVE EFFECT ADJUSTMENT RELATED TO THE ADOPTION FOR ASC 740-10.
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt0581345
IRS990ScheduleD/TotalExpensesPerForm990Amt0166033
IRS990ScheduleD/TotalLiabilityAmt0315748
IRS990ScheduleD/TotalRevenuePerForm990Amt0591331
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0166033
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED BY PRESIDENT AND TREASURER PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUALLY OFFICERS ARE ASKED TO REPORT ANY INTERESTS THAT MIGHT GIVE RISE TO CONFLICTS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MANAGEMENT FEE ADMINISTRATIVE MISCELLANEOUS EXPENSE BAD DEBTS SUPPORTIVE SERVICES ADVERTISING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACCOUNTS RECEIVABLE 5907. PREPAID INSURANCE 834. TENANT SECURITY DEPOSITS 1730. DEFERRED FINANCING FEES 19354.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ACCOUNTS PAYABLE 7618. PREPAID REVENUE 496. TENANT SECURITY DEPOSITS 1730. MORTGAGE NOTES PAYABLE 426601. MISCELLANEOUS 6.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part II, Line 24
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0AFFORDABLE HOUSING EDUCATION AND DEVELOPMENT INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0223159643
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0PROPERTY MANAGEMENT
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0153680
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IRS990/TotalLiabilitiesGrp/BOYAmt0436451
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IRS990/TotalRevenueGrp/ExclusionAmt012
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0591331
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