Rural Housing For The Elderly
- Assets
- $3.3m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Manchester, NH
- Founding
- 11/1978
- Data as of
- 07/2024
- EIN
- 02-0341052
Organization Overview
Rural Housing For The Elderly is located in Manchester, NH. The organization was established in 1978. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rural Housing For The Elderly is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2024, Rural Housing For The Elderly generated $1.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $1.1m during the year ending 07/2024. While expenses have increased by 1.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING FOR THE LOW INCOME ELDERLY AND LOW INCOME PEOPLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM PROVIDES HOUSING FOR ELDERLY AND LOW INCOME PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donnalee M Lozeau Chairman | OfficerTrustee | 2 | $0 |
Ryan B Clouthier Vice Chairman | OfficerTrustee | 2 | $0 |
James M Chaisson Treasurer | OfficerTrustee | 2 | $0 |
Gregory Schneider Secretary | OfficerTrustee | 2 | $0 |
Valerie Carignan Trustee | Trustee | 2 | $0 |
Cara Aliberti Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $808,846 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $808,846 |
| Total Program Service Revenue | $369,470 |
| Investment income | $1,096 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,179,412 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $176,464 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $47,641 |
| Payroll taxes | $13,424 |
| Fees for services: Management | $63,709 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,018 |
| Office expenses | $1,443 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $513 |
| Interest | $70,973 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,532 |
| Insurance | $44,482 |
| All other expenses | $46,088 |
| Total functional expenses | $1,109,954 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $174,931 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,984 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,112 |
| Net Land, buildings, and equipment | $1,330,290 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $87,195 |
| Other assets | $1,690,267 |
| Total assets | $3,316,779 |
| Accounts payable and accrued expenses | $700,164 |
| Grants payable | $0 |
| Deferred revenue | $1,842 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,788,981 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,108 |
| Total liabilities | $2,514,095 |
| Net assets without donor restrictions | $802,684 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,316,779 |