Civic Intelligence

Partnership Properties Inc

EIN 99-0545622 • 501(c)2 • Laconia, NH

NTEE S47

Profile

Ownership and rental of commercial real estate

11 Academy SquareLaconia, NH 03246

n/A

Siviq Scores

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

Liabilities / Assets

90th percentile

0.79x

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

NTEE S • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

2.88x

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

NTEE S • $500k-$1M nonprofits • Source year 2024

Net Margin

93rd percentile

77%

Higher net margin than 93% of similar nonprofits.

NTEE S • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE S • $500k-$1M nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2024

Balance Sheet
Liabilities / Assets90th percentile

Assets

$680,334

No earlier filing loaded for comparison.

Liabilities

$537,289

No earlier filing loaded for comparison.

Net Assets

$143,045

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue96th percentileNet Margin93rd percentile

Revenue

$186,398

No earlier filing loaded for comparison.

Expenses

$43,353

No earlier filing loaded for comparison.

Net Income

$143,045

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

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

$800K$600K$400K$200K$0Assets 2024: $680,334Liabilities 2024: $537,289Net Assets 2024: $143,0452024

Highlighted filing

2024

Assets$680,334
Liabilities$537,289
Net Assets$143,045
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$200K$150K$100K$50K$0Revenue 2024: $186,398Expenses 2024: $43,353Net Income 2024: $143,0452024

Highlighted filing

2024

Revenue$186,398
Expenses$43,353
Net Income$143,045
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$680,334
Liabilities
$537,289
Net assets
$143,045
Revenue
$186,398
Expenses
$43,353
Net income
$143,045
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.80$5.37$1.43$1.86$0.43$1.43
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 12, 2025
Return Version
2024v5.0
Gross Receipts
$186,398
Mission and Program Overview

Mission

Ownership and rental of commercial real estate

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$678,873-
Pd in Cap Srpls Land Bldg Eqp Fund-$153,000-
Cash and Non-Interest-Bearing Accounts-$1,461-
Rtn Earn Endowment Incm Other Fnds-$-9,955-
Total Assets$0$680,334▲ $680,334
Liabilities
Mortgage Notes Payable Secured by Investment Property-$536,663-
Accounts Payable and Accrued Expenses-$626-
Total Liabilities$0$537,289▲ $537,289
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$143,045▲ $143,045
Total Liabilities and Net Assets / Fund Balance$0$680,334▲ $680,334

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$678,873$8,593$687,466
Compensation and Service Providers
Top Officer Pay53rd percentile

Board Members and Trustees

NameTitle
Carolyn MullerDirector
Gwen Whitney-gillDirector
Jessica MortonDirector
Lisa GarciaDirector
Lori NashDirector
Mark WaldnerDirector
Michelle LennonDirector
Sarah StanleyDirector
Tim JoubertDirector
Brian LamontagnePres - From
Trish StaffordPres- Thru S
Margaret FranckhauserSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$158,000
Program Service Revenue
$28,398
Investment Income
$0
Other Revenue
$0
All Other Contributions
$158,000
Change in Net Assets
$143,045
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$43,353
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
Interest---$15,922
Depreciation Depletion---$8,593
Other Expenses---$1,000
Office Expenses---$985
All Other Expenses---$773
Total Functional Expenses$0$0$0$43,353
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
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The board of directors reviews the form 990 prior to filing.”

Form 990, Page 6, Part VI, Line 19

“AVAILABLE UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Partnership Properties Inc
EIN
99-0545622
Phone
6035282145
Address
11 ACADEMY SQUARE, LACONIA, NH 03246

Signing Officer

Name
Brian Lamontagne
Title
Pres - From Oct 2024
Phone
6035282145
Signed
2025-05-12

Organization Details

Principal Officer
Brian Lamontagne
Formed
2024
Legal Domicile
Nh
Voting Board Members
12
Independent Board Members
12
Employees
0

Preparer

Firm
Vachon Clukay & Company Pc
Address
608 CHESTNUT ST, MANCHESTER, NH 03104
Preparer
Gary G Boisvert
Phone
6036227070
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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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