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.
For the year ending 07/2020, Rural Housing For The Elderly generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $953.3k during the year ending 07/2020. 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
2020
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Donnalee Lozeau Chairman | OfficerTrustee | 2 | $0 |
Ryan Clouthier Vice Chairman | OfficerTrustee | 2 | $0 |
James Chaisson Treasurer/secretary | OfficerTrustee | 2 | $0 |
Gregory Schneider Second Vice Chairman | OfficerTrustee | 2 | $0 |
Scott Garneau Trustee | Trustee | 2 | $0 |
Thomas Nelson Trustee | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
Investment income | $606 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$5,061 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,105,911 |
Statement of Expenses | |
---|---|
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 to disqualified persons | $0 |
Other salaries and wages | $172,630 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $57,859 |
Payroll taxes | $13,119 |
Fees for services: Management | $60,546 |
Fees for services: Legal | $6,598 |
Fees for services: Accounting | $6,500 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $708 |
Office expenses | $3,938 |
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 | $0 |
Interest | $87,416 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $130,567 |
Insurance | $27,891 |
All other expenses | $0 |
Total functional expenses | $953,337 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $276,133 |
Savings and temporary cash investments | $21,662 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $15 |
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 | $13,736 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $108,548 |
Other assets | $980,609 |
Total assets | $2,991,518 |
Accounts payable and accrued expenses | $361,395 |
Grants payable | $0 |
Deferred revenue | $99 |
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 | $2,079,578 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $21,662 |
Total liabilities | $2,462,734 |
Net assets without donor restrictions | $0 |
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 |
Total liabilities and net assets/fund balances | $528,784 |
Organization Name | Assets | Revenue |
---|---|---|
Community Builders Inc Boston, MA | $124,474,195 | $84,219,407 |
Harbor Homes Inc Nashua, NH | $31,595,862 | $32,699,479 |
New Communities Inc Westbrook, ME | $19,495,535 | $21,194,578 |
Cambridge Affordable Housing Corporation Cambridge, MA | $136,870,580 | $10,886,409 |
Coastal Enterprises Inc Brunswick, ME | $105,726,277 | $9,413,252 |
Fit-Nhnh Inc Manchester, NH | $20,211,623 | $14,555,429 |
Avesta Housing Development Corporation Portland, ME | $56,826,112 | $8,741,762 |
Cambridge Community Housing Development Inc Cambridge, MA | $54,272,109 | $7,145,171 |
The Housing Foundation Incorporated Montpelier, VT | $36,960,857 | $7,210,098 |
Mishawum Park Tenants Association Inc Braintree, MA | $39,068,232 | $4,677,846 |
Downstreet Housing & Community Development Inc Barre, VT | $13,963,842 | $4,841,901 |
Housing Benefits Manchester, NH | $20,714,993 | $2,978,794 |