Civic Intelligence

Hundred Nights Foundation Inc

EIN 92-0510898 • 501(c)3 • Keene, NH

NTEE P11

Profile

To acquire, finance and develop property to support the mission of hundred nights inc.

PO Box 833Keene, NH 03431

www.hundrednightsinc.org

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.98x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

100th percentile

113.74x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

1st percentile

-504%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

28th percentile

-1.5%

Faster asset growth than 28% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

81st percentile

36%

Faster revenue growth than 81% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Assets

Down

$7,104,498

Down $109,206 (-1.5%) from 2023

Liabilities

Down

$6,965,421

Down $45,479 (-0.6%) from 2023

Net Assets

Down

$139,077

Down $63,727 (-31%) from 2023

Revenue

Up

$61,242

Up $16,117 (+36%) from 2023

Expenses

Up

$370,083

Up $160,019 (+76%) from 2023

Net Income

Down

-$308,841

Down $143,902 (-87%) from 2023

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0Assets 2022: $8,403,023Liabilities 2022: $8,172,975Net Assets 2022: $230,0482022Assets 2023: $7,213,704Liabilities 2023: $7,010,900Net Assets 2023: $202,8042023Assets 2024: $7,104,498Liabilities 2024: $6,965,421Net Assets 2024: $139,0772024

Highlighted filing

2024

Assets$7,104,498
Liabilities$6,965,421
Net Assets$139,077

Operations Trend

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

$400K$200K$0-$200K-$400KRevenue 2022: $230,048Expenses 2022: $0Net Income 2022: $230,0482022Revenue 2023: $45,125Expenses 2023: $210,064Net Income 2023: -$164,9392023Revenue 2024: $61,242Expenses 2024: $370,083Net Income 2024: -$308,8412024

Highlighted filing

2024

Revenue$61,242
Expenses$370,083
Net Income-$308,841

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Aug 27, 2025
Return Version
2024v5.0
Gross Receipts
$61,242
Mission and Program Overview

Mission

To acquire, finance and develop property to support the mission of hundred nights inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,212,469$6,183,039▼ $29,430
Savings and Temporary Cash Investments$656,305$377,404▼ $278,901
Intangible Assets$228,497$212,648▼ $15,849
Cash and Non-Interest-Bearing Accounts$3,393$19,577▲ $16,184
Accounts Receivable-$5,000-
Total Assets$7,213,704$7,104,498▼ $109,206
Other Assets Total$113,040$306,830▲ $193,790
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,887,000$6,887,000→ $0
Other Liabilities$31,664$77,068▲ $45,404
Accounts Payable and Accrued Expenses$92,236$1,353▼ $90,883
Total Liabilities$7,010,900$6,965,421▼ $45,479
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$202,804$139,077▼ $63,727
Total Net Assets Fund Balance$202,804$139,077▼ $63,727
Total Liabilities and Net Assets / Fund Balance$7,213,704$7,104,498▼ $109,206

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$6,076,039$294,654$6,370,693
Land$107,000-$107,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
David KochmanPresident
Becky BeatonMember
Chris CoatesMember
Elsa WorthMember
Mark BodinMember
Michael DuboisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$59,000
Investment Income
$2,242
Other Revenue
$0
Change in Net Assets
$-308,841

Audited Revenue Reconciliation

Revenue per Audited Statements
$61,242
Revenue Not Reported on Form 990
$193,790
Total Revenue per Audited Statements
$255,032
Total Revenue per Form 990
$61,242
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$370,083
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
Depreciation Depletion$253,634--$253,634
Fees for Services Other$59,405--$59,405
Interest$39,325--$39,325
Fees for Services Accounting$6,984--$6,984
Other Expenses$50--$50
Total Functional Expenses$370,083$0$0$370,083

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$370,083
Expenses per Audited Statements$318,759
Total Expenses per Audited Statements$318,759
Expenses Not Reported on Financial Statements$51,324
Other Expense Adjustments$51,324
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 Hundred Nights Inc.$77,068
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
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
No
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, Page 6, Part VI, Line 11B

The return is provided to the board of directors and management for review and acceptance prior to submission.

Form 990, Page 6, Part VI, Line 12C

Each year the foundation's conflict of interest policy is provided to all officers, directors and key employees. These individuals are asked to review the policy and sign a statement indicating that they understand the policy, have reported all potential conflicts of interest during the past year in accordance with the policy and will report all potential conflicts during the current year. All potential conflicts are evaluated by the board to determine if a conflict actually exists. In those instances where the potential transaction is a conflict, the board examines the transaction and a vote is taken (with those involved recusing themselves) as to whether the foundation will enter into the transaction.

Form 990, Page 6, Part VI, Line 15A

The board annuallly conducts a performance review and evaluation of the executive director (ed). The board's review also establishes the ed's compensation for the following year. This process involves the ed's evaluation and a review of compensation for the position within similar organizations based on their form 990. The board's deliberation and decision is noted in the minutes of the meeting. The executive director (ed) establishes the compensation of the senior management team and reviews the performance evaluations. The ed then recommends compensation packages to the board.although these items are discussed with the board, no vote of approval of the executive director's decision is required.

Form 990, Page 6, Part VI, Line 19

The governing documents are made available to the public upon request of the organization.

Filing and Contact Details

Filer

Filer Name
Hundred Nights Foundation Inc
EIN
92-0510898
Phone
6033525197
Address
PO BOX 833, KEENE, NH 03431

Signing Officer

Name
David Kochman
Title
President
Phone
6033525197
Signed
2025-08-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Kochman
Formed
2022
Legal Domicile
Nh
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Firm
Wadovick & Company
Address
1300 DIVISION RD STE 104, WEST WARWICK, RI 02893
Preparer
Jeffrey D Wadovick CPA
Phone
4018234004
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Asset mgmt fee & related 47,150 0 0 property management fee 12,255 0 0 total 59,405 0 0

Form 990, Part XI, Line 9

Rental income - gaap 193,790 book / tax depreciation difference 51,324 total 245,114

Financial Statement Notes

Schedule D, Page 3, Part X

The organization evaluates all significant tax positions as required by gaap. As of year ended december 31, 2024, the organization does not believe it has taken any positions that would require the recording of any additional tax liability nor does it believe there are any realized tax benefits that would either increase or decrease within the next twelve months. The organization's income tax returns are subject to examination by the appropriate taxing jurisdiction. As of year ended december 31, 2024, the organization's income tax returns remain open for three years from the date filed with each taxing jurisdiction.

Schedule D, Page 4, Part XI, Line 2D

Rental income - gaap 193,790

Schedule D, Page 4, Part XII, Line 4B

Book / tax depreciation difference 51,324

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE RETURN IS PROVIDED TO THE BOARD OF DIRECTORS AND MANAGEMENT FOR REVIEW AND ACCEPTANCE PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EACH YEAR THE FOUNDATION'S CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES. THESE INDIVIDUALS ARE ASKED TO REVIEW THE POLICY AND SIGN A STATEMENT INDICATING THAT THEY UNDERSTAND THE POLICY, HAVE REPORTED ALL POTENTIAL CONFLICTS OF INTEREST DURING THE PAST YEAR IN ACCORDANCE WITH THE POLICY AND WILL REPORT ALL POTENTIAL CONFLICTS DURING THE CURRENT YEAR. ALL POTENTIAL CONFLICTS ARE EVALUATED BY THE BOARD TO DETERMINE IF A CONFLICT ACTUALLY EXISTS. IN THOSE INSTANCES WHERE THE POTENTIAL TRANSACTION IS A CONFLICT, THE BOARD EXAMINES THE TRANSACTION AND A VOTE IS TAKEN (WITH THOSE INVOLVED RECUSING THEMSELVES) AS TO WHETHER THE FOUNDATION WILL ENTER INTO THE TRANSACTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD ANNUALLLY CONDUCTS A PERFORMANCE REVIEW AND EVALUATION OF THE EXECUTIVE DIRECTOR (ED). THE BOARD'S REVIEW ALSO ESTABLISHES THE ED'S COMPENSATION FOR THE FOLLOWING YEAR. THIS PROCESS INVOLVES THE ED'S EVALUATION AND A REVIEW OF COMPENSATION FOR THE POSITION WITHIN SIMILAR ORGANIZATIONS BASED ON THEIR FORM 990. THE BOARD'S DELIBERATION AND DECISION IS NOTED IN THE MINUTES OF THE MEETING. THE EXECUTIVE DIRECTOR (ED) ESTABLISHES THE COMPENSATION OF THE SENIOR MANAGEMENT TEAM AND REVIEWS THE PERFORMANCE EVALUATIONS. THE ED THEN RECOMMENDS COMPENSATION PACKAGES TO THE BOARD.ALTHOUGH THESE ITEMS ARE DISCUSSED WITH THE BOARD, NO VOTE OF APPROVAL OF THE EXECUTIVE DIRECTOR'S DECISION IS REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ASSET MGMT FEE & RELATED 47,150 0 0 PROPERTY MANAGEMENT FEE 12,255 0 0 TOTAL 59,405 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5RENTAL INCOME - GAAP 193,790 BOOK / TAX DEPRECIATION DIFFERENCE 51,324 TOTAL 245,114
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0COMMON CON
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IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt159000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1LEASE AGREEMENT
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IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1HUNDRED NIGHTS INCORPORATED
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IRS990/TotalAssetsEOYAmt07104498
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IRS990/TotalAssetsGrp/EOYAmt07104498
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IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0370083
IRS990/TotalFunctionalExpensesGrp/TotalAmt0370083
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07010900
IRS990/TotalLiabilitiesEOYAmt06965421
IRS990/TotalLiabilitiesGrp/BOYAmt07010900
IRS990/TotalLiabilitiesGrp/EOYAmt06965421
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0202804
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0139077
IRS990/TotalProgramServiceExpensesAmt0370083
IRS990/TotalProgramServiceRevenueAmt059000
IRS990/TotalRevenueGrp/ExclusionAmt02242
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt059000
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt061242
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07213704
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt07104498
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0122 WATER STREET
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IRS990/WebsiteAddressTxt0WWW.HUNDREDNIGHTSINC.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAVID KOCHMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06033525197
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-08-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HUNDRED NIGHTS FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0HUND
ReturnHeader/Filer/EIN0920510898
ReturnHeader/Filer/PhoneNum06033525197
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 833
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ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0264156406
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WADOVICK & COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01300 DIVISION RD STE 104
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WEST WARWICK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0RI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002893
ReturnHeader/PreparerPersonGrp/PhoneNum04018234004
ReturnHeader/PreparerPersonGrp/PreparationDt02025-08-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY D WADOVICK CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-09-15T11:13:33-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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