Civic Intelligence

Housing Benefits

990 • Fiscal year 2014 • EIN 26-0215059

Jan 01, 2014 to Dec 31, 2014 • Filed on May 14, 2015

Organization ProfileN/A
122 Market StreetManchester, NH 03101

(603) 641-9441

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

71st percentile

0.44x

Higher debt load relative to assets than 71% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

90th percentile

2.90x

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

79th percentile

21%

Higher net margin than 79% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

64th percentile

$151,051

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

70th percentile

9.6%

Faster asset growth than 70% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

10th percentile

-25%

Faster revenue growth than 10% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$9,822,440

Up $861,723 (+9.6%) from 2013

Net Assets

Up

$5,451,819

Up $782,779 (+17%) from 2013

Liabilities

Up

$4,370,621

Up $78,944 (+1.8%) from 2013

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin79th percentile

Revenue

Down

$1,506,412

Down $496,543 (-25%) from 2013

Expenses

Up

$1,193,792

Up $406,535 (+52%) from 2013

Net Income

Down

$312,620

Down $903,078 (-74%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth70th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2010: $2,246,173Liabilities 2010: $1,378,038Net Assets 2010: $868,1352010Assets 2011: $6,697,078Liabilities 2011: $3,521,276Net Assets 2011: $3,175,8022011Assets 2012: $7,648,884Liabilities 2012: $4,478,117Net Assets 2012: $3,170,7672012Assets 2013: $8,960,717Liabilities 2013: $4,291,677Net Assets 2013: $4,669,0402013Assets 2014: $9,822,440Liabilities 2014: $4,370,621Net Assets 2014: $5,451,8192014Assets 2015: $9,824,631Liabilities 2015: $4,584,519Net Assets 2015: $5,240,1122015Assets 2016: $10,024,090Liabilities 2016: $5,041,325Net Assets 2016: $4,982,7652016Assets 2017: $14,246,899Liabilities 2017: $6,881,658Net Assets 2017: $7,365,2412017Assets 2018: $17,860,090Liabilities 2018: $10,522,059Net Assets 2018: $7,338,0312018Assets 2019: $21,280,134Liabilities 2019: $13,817,095Net Assets 2019: $7,463,0392019Assets 2020: $20,714,993Liabilities 2020: $13,827,918Net Assets 2020: $6,887,0752020Assets 2021: $19,848,686Liabilities 2021: $13,861,820Net Assets 2021: $5,986,8662021Assets 2022: $24,938,003Liabilities 2022: $18,660,479Net Assets 2022: $6,277,5242022Assets 2023: $27,418,018Liabilities 2023: $19,938,365Net Assets 2023: $7,479,6532023Assets 2024: $26,316,227Liabilities 2024: $19,464,862Net Assets 2024: $6,851,3652024

Highlighted filing

2014

Assets$9,822,440
Liabilities$4,370,621
Net Assets$5,451,819
Open 2014 Filing

Operations Trend

Revenue Growth10th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $172,8112010Expenses 2011: $366,8982011Expenses 2012: $612,5332012Revenue 2013: $2,002,955Expenses 2013: $787,257Net Income 2013: $1,215,6982013Revenue 2014: $1,506,412Expenses 2014: $1,193,792Net Income 2014: $312,6202014Revenue 2015: $1,170,356Expenses 2015: $1,382,064Net Income 2015: -$211,7082015Revenue 2016: $1,212,681Expenses 2016: $1,470,028Net Income 2016: -$257,3472016Revenue 2017: $2,646,797Expenses 2017: $1,805,165Net Income 2017: $841,6322017Revenue 2018: $2,036,948Expenses 2018: $2,064,158Net Income 2018: -$27,2102018Revenue 2019: $2,726,027Expenses 2019: $3,160,975Net Income 2019: -$434,9482019Revenue 2020: $2,978,794Expenses 2020: $3,554,758Net Income 2020: -$575,9642020Revenue 2021: $2,975,053Expenses 2021: $3,857,005Net Income 2021: -$881,9522021Revenue 2022: $3,609,406Expenses 2022: $4,446,007Net Income 2022: -$836,6012022Revenue 2023: $5,232,381Expenses 2023: $5,410,877Net Income 2023: -$178,4962023Revenue 2024: $4,936,262Expenses 2024: $5,564,550Net Income 2024: -$628,2882024

Highlighted filing

2014

Revenue$1,506,412
Expenses$1,193,792
Net Income$312,620
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
May 14, 2015
Return Version
2014v5.0
Gross Receipts
$1,506,412
Mission and Program Overview

Mission

Purchase and development of transitional and low-income housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,673,457$9,108,993▲ $1,435,536
Savings and Temporary Cash Investments$352,077$406,646▲ $54,569
Cash and Non-Interest-Bearing Accounts$66,371$44,897▼ $21,474
Investments Other Securities$25,051$25,051→ $0
Prepaid Expenses and Deferred Charges$19,500$11,017▼ $8,483
Accounts Receivable$7,097$6,176▼ $921
Pledges and Grants Receivable$2,859$4,058▲ $1,199
Total Assets$9,473,831$9,822,440▲ $348,609
Other Assets Total$1,327,419$215,602▼ $1,111,817
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,081,599$3,943,320▼ $138,279
Accounts Payable and Accrued Expenses$176,795$223,037▲ $46,242
Other Liabilities$75,441$203,406▲ $127,965
Deferred Revenue$797$858▲ $61
Total Liabilities$4,334,632$4,370,621▲ $35,989
Net Assets / Fund Balance
Unrestricted Net Assets$5,139,199$5,451,819▲ $312,620
Total Net Assets Fund Balance$5,139,199$5,451,819▲ $312,620
Total Liabilities and Net Assets / Fund Balance$9,473,831$9,822,440▲ $348,609

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$7,668,909$705,891$8,374,800
Land$1,253,189-$1,253,189
Equipment$85,271$40,579$125,850
Other Land Buildings$101,624$10,003$111,627
Compensation and Service Providers
Top Officer Pay64th percentile

Board Members and Trustees

NameTitle
Karyn O'NeilChair
Maureen BeauregardPresident
Timothy SoucyVice Chair
Anne DuboisDirector
Maureen TessierDirector
Rebecca RichardsDirector
Sheila GraceDirector
Judy BergeronSecretary/Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Hutter ConstructionConstructionPO Box 257, New Ipswich, NH 03071$341,345
Revenue and Support

Revenue Composition

Contributions and Grants
$858,257
Program Service Revenue
$516,778
Investment Income
$110
Other Revenue
$131,267
Change in Net Assets
$312,620

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Real Estate Other1$216,200Property Assessment
Total Noncash Contributions1$216,200-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,371,089
Revenue Not Reported on Financial Statements
$135,323
Revenue Not Reported on Form 990
$1,850
Other Revenue Adjustments
$135,323
Total Revenue per Audited Statements
$1,372,939
Total Revenue per Form 990
$1,506,412
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$986,906
Salaries, Compensation, and Employee Benefits$206,886
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$260,558--$260,558
Fees for Services Management$243,976--$243,976
Other Salaries and Wages$153,510--$153,510
Occupancy$115,679--$115,679
Interest$44,029--$44,029
Other Employee Benefits$42,822--$42,822
Insurance$28,943--$28,943
Fees for Services Accounting$23,200--$23,200
Office Expenses$11,616--$11,616
Payroll Taxes$10,554--$10,554
Fees for Services Legal$8,801--$8,801
Fees for Services Other$3,864--$3,864
Other Expenses$1,440--$1,440
All Other Expenses$700--$700
Total Functional Expenses$1,193,792$0$0$1,193,792

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$1,193,792
Total Expenses per Audited Statements$1,060,319
Expenses per Audited Statements$1,058,469
Expenses Not Reported on Financial Statements$135,323
Other Expense Adjustments$135,323
Expenses Not Reported on Form 990$1,850
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 Affilates$190,163
Tenant Security Deposits$13,243
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“The Members of the Corporation shall be those persons serving from time to time as its Board of Trustees. The Board of Trustees of the Corporation will report to the Board of Trustees of its parent corporation, Families in Transition.”

Form 990, Part VI, Section A, line 7A

“The Board of Trustees shall elect, from their own membership, a Nominating Committee for the nomination of Trustees and officers of the Corporation. Upon nomination the Trustees and Officers must be approved by majority vote of the Board of Trustees.”

Form 990, Part VI, Section A, line 7B

“A quorum must be present in order for the the Board of Trustees to vote to approve governing decisions.”

Form 990, Part VI, Section B, line 11

“The Form 990 was prepared by the independent accounting firm. The 990 was reviewed in detail by the President and Chief Financial Officer prior to being presented to the Audit/Finance committee. An Audit/Finance meeting was held prior to the filing of the Form 990. At this time, the Form 990 was reviewed in detail and approved by the committee for submission to the Internal Revenue Service. Prior to filing the final form with the Internal Revenue Service, a copy was provided to all members of the Board of Directors.”

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

“Board Members sign a conflict of interest statement upon joining the Board. The Board members must report to the Board any conflicts that occur during the course of business throughout the year. Any potential conflicts would be discussed at the Governance/Nominating Committee level and then reported to the Board.”

Form 990, Part VI, Section C, line 19

“All organizing and operating documents are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Housing Benefits
EIN
26-0215059
Phone
6036419441
Address
122 Market Street, Manchester, NH 03101

Signing Officer

Name
Maureen Beauregard
Title
President
Phone
6036419441
Signed
2015-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maureen Beauregard
Formed
2009
Legal Domicile
Nh
Voting Board Members
7
Independent Board Members
7
Employees
8
Volunteers
7

Preparer

Firm
Berry Dunn McNeil & Parker LLC
Address
PO Box 1100, Portland, ME 04104-1100
Preparer
Barbara J McGuan CPA
Phone
2077752387
Supplemental Narrative

Additional Explanations

Form 990, Part X, Line 10: Land, Buildings, and Equipment

“Section 1.253(a)-3(n) Election: Housing Benefits, Inc. 122 Market Street Manchester, NH 03101 EIN: 26-0215059 Housing Benefits, Inc. is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n).”

Form 990, Part X, Balance Sheet

“The Organization has restated the Prior Year Balance Sheet with this Form 990. In 2013, Millyard I, LP was dissolved as a separate entity and became a Project of the Organization. Therefore, on the 2013 Financial Statements, the Net Assets of the dissolved entity were rolled into those of the Organization. This transaction was not included on the 2013 Balance Sheet of the Form 990 and is being properly accounted for by this Balance Sheet Restatement.”

Financial Statement Notes

Part X, Line 2:

“The standards for accounting for uncertainty in income taxes require the Organization to report any uncertain tax positions and to adjust its financial statements for the impact thereof. As of December 31, 2014 and 2013, the Organization determined that it had no tax positions that did not meet the "more-likely-than-not" threshold of being sustained by the applicable tax authority. The Organization files an informational return in the United States. This return is generally subject to examination by the federal government for up to three years.”

Part XI, Line 4B - Other Adjustments:

“Related Entity Expenditures 135,323.”

Part XII, Line 4B - Other Adjustments:

“Related Entity Expenditures 135,323.”

Raw XML AppendixShowing 400 of 547 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/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0115679
IRS990/OccupancyGrp/TotalAmt0115679
IRS990/OfficeExpensesGrp/ProgramServicesAmt011616
IRS990/OfficeExpensesGrp/TotalAmt011616
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01327419
IRS990/OtherAssetsTotalGrp/EOYAmt0215602
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt042822
IRS990/OtherEmployeeBenefitsGrp/TotalAmt042822
IRS990/OtherExpensesGrp/Desc0Repairs & Maintenance
IRS990/OtherExpensesGrp/Desc1Taxes
IRS990/OtherExpensesGrp/Desc2Bad Debts
IRS990/OtherExpensesGrp/Desc3Application & Permits
IRS990/OtherExpensesGrp/ProgramServicesAmt0141865
IRS990/OtherExpensesGrp/ProgramServicesAmt191364
IRS990/OtherExpensesGrp/ProgramServicesAmt210871
IRS990/OtherExpensesGrp/ProgramServicesAmt31440
IRS990/OtherExpensesGrp/TotalAmt0141865
IRS990/OtherExpensesGrp/TotalAmt191364
IRS990/OtherExpensesGrp/TotalAmt210871
IRS990/OtherExpensesGrp/TotalAmt31440
IRS990/OtherLiabilitiesGrp/BOYAmt075441
IRS990/OtherLiabilitiesGrp/EOYAmt0203406
IRS990/OtherRevenueMiscGrp/BusinessCd0531110
IRS990/OtherRevenueMiscGrp/Desc0Cancellation of Debt
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0131267
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0131267
IRS990/OtherRevenueTotalAmt0131267
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0153510
IRS990/OtherSalariesAndWagesGrp/TotalAmt0153510
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt010554
IRS990/PayrollTaxesGrp/TotalAmt010554
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02859
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt04058
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt019500
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt011017
IRS990/PrincipalOfficerNm0Maureen Beauregard
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0Tenant Rent
IRS990/ProgramServiceRevenueGrp/Desc1Laundry/Vending/Misc
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0490308
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt126470
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0490308
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt126470
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01809849
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt05
IRS990/PYOtherExpensesAmt0787257
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0193101
IRS990/PYRevenuesLessExpensesAmt01215698
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0787257
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02002955
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0312620
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0351523
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0648045
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0352077
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0406646
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Cancellation of Debt - 2014 Amount: $ 131,267.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part II, Line 10, Explanation of Other Income:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0858257
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01809849
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0473167
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02615252
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0419932
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt06176457
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0110
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0384
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0502
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0958334
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt0131267
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0131267
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97910
IRS990ScheduleA/PublicSupportPY170Pct00.99990
IRS990ScheduleA/PublicSupportTotal170Amt06176457
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0858257
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01809849
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0473167
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02615252
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0419932
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt06176457
IRS990ScheduleA/TotalSupportAmt06308226
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt07668909
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0705891
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08374800
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt01850
IRS990ScheduleD/DonatedServicesUseFcltsAmt01850
IRS990ScheduleD/EquipmentGrp/BookValueAmt085271
IRS990ScheduleD/EquipmentGrp/DepreciationAmt040579
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0125850
IRS990ScheduleD/ExpensesNotReportedAmt01850
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0135323
IRS990ScheduleD/ExpensesSubtotalAmt01058469
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01253189
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01253189
IRS990ScheduleD/OtherExpensesNotIncludedAmt0135323
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0101624
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt010003
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0111627
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013243
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1190163
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant Security Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Due to Affilates
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0135323
IRS990ScheduleD/RevenueNotReportedAmt01850
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0135323
IRS990ScheduleD/RevenueSubtotalAmt01371089
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The standards for accounting for uncertainty in income taxes require the Organization to report any uncertain tax positions and to adjust its financial statements for the impact thereof. As of December 31, 2014 and 2013, the Organization determined that it had no tax positions that did not meet the "more-likely-than-not" threshold of being sustained by the applicable tax authority. The Organization files an informational return in the United States. This return is generally subject to examination by the federal government for up to three years.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1Related Entity Expenditures 135,323.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Related Entity Expenditures 135,323.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XI, Line 4b - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 4b - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09108993
IRS990ScheduleD/TotalExpensesPerForm990Amt01193792
IRS990ScheduleD/TotalLiabilityAmt0203406
IRS990ScheduleD/TotalRevenuePerForm990Amt01506412
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01372939
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01060319
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0122959
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt03940
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt024152
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Maureen Beauregard
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0151051
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0Maureen Beauregard, President, is paid by Families in Transition, Inc., a related organization, but provides services to Housing Benefits, Inc. and other organizations related to Families in Transition, Inc.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule J, Part II
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/RealEstateOtherGrp/ContributionCnt01
IRS990ScheduleM/RealEstateOtherGrp/MethodOfDeterminingRevenuesTxt0Property Assessment
IRS990ScheduleM/RealEstateOtherGrp/NonCashCheckboxInd0X
IRS990ScheduleM/RealEstateOtherGrp/NoncashContributionsRptF990Amt0216200
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Members of the Corporation shall be those persons serving from time to time as its Board of Trustees. The Board of Trustees of the Corporation will report to the Board of Trustees of its parent corporation, Families in Transition.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Trustees shall elect, from their own membership, a Nominating Committee for the nomination of Trustees and officers of the Corporation. Upon nomination the Trustees and Officers must be approved by majority vote of the Board of Trustees.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A quorum must be present in order for the the Board of Trustees to vote to approve governing decisions.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Form 990 was prepared by the independent accounting firm. The 990 was reviewed in detail by the President and Chief Financial Officer prior to being presented to the Audit/Finance committee. An Audit/Finance meeting was held prior to the filing of the Form 990. At this time, the Form 990 was reviewed in detail and approved by the committee for submission to the Internal Revenue Service. Prior to filing the final form with the Internal Revenue Service, a copy was provided to all members of the Board of Directors.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Board Members sign a conflict of interest statement upon joining the Board. The Board members must report to the Board any conflicts that occur during the course of business throughout the year. Any potential conflicts would be discussed at the Governance/Nominating Committee level and then reported to the Board.

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$9,822,440
Liabilities
$4,370,621
Net assets
$5,451,819
Revenue
$1,506,412
Expenses
$1,193,792
Net income
$312,620
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.3$19.5$6.85$4.94$5.56$0.63
2023Detailed filing. Detailed filing data is available for this year.$27.4$19.9$7.48$5.23$5.41$0.18
2022Detailed filing. Detailed filing data is available for this year.$24.9$18.7$6.28$3.61$4.45$0.84
2021Detailed filing. Detailed filing data is available for this year.$19.8$13.9$5.99$2.98$3.86$0.88
2020Detailed filing. Detailed filing data is available for this year.$20.7$13.8$6.89$2.98$3.55$0.58
2019Detailed filing. Detailed filing data is available for this year.$21.3$13.8$7.46$2.73$3.16$0.43
2018Detailed filing. Detailed filing data is available for this year.$17.9$10.5$7.34$2.04$2.06$0.03
2017Detailed filing. Detailed filing data is available for this year.$14.2$6.88$7.37$2.65$1.81$0.84
2016Detailed filing. Detailed filing data is available for this year.$10.0$5.04$4.98$1.21$1.47$0.26
2015Detailed filing. Detailed filing data is available for this year.$9.82$4.58$5.24$1.17$1.38$0.21
2014Detailed filing. Detailed filing data is available for this year.$9.82$4.37$5.45$1.51$1.19$0.31
2013Detailed filing. Detailed filing data is available for this year.$8.96$4.29$4.67$2.00$0.79$1.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.65$4.48$3.17$0.61
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.70$3.52$3.18$0.37
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.25$1.38$0.87$0.17