Shires Housing Inc
- Assets
- $9.0m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 25
- Location
- Bennington, VT
- Founding
- 05/1994
- Data as of
- 09/2021
- EIN
- 22-2976053
Organization Overview
Shires Housing Inc is located in Bennington, VT. The organization was established in 1994. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2021, Shires Housing Inc employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shires Housing Inc 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 09/2021, Shires Housing Inc generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $2.3m during the year ending 09/2021. While expenses have increased by 8.9% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LOW-INCOME HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT AND DEVELOPMENT OF AFFORDABLE HOUSING PROJECTS.
OPERATION OF 22 RENTAL UNITS IN BENNINGTON, VT., KNOWN AS CORA B. WHITNEY.
OPERATION OF 24 RENTAL UNITS AT 211-NORTHSIDE DRIVE, BENNINGTON, VT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Lane Executive Director | Officer | 40 | $117,809 |
Christopher Williams Secretary | OfficerTrustee | 0 | $0 |
Kathy Leech President | OfficerTrustee | 0 | $0 |
Jeanne Connor Past Vice President | OfficerTrustee | 0 | $0 |
Jessica Chapman Treasurer | OfficerTrustee | 0 | $0 |
William Deveneau Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $859,039 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,904 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $897,943 |
| Total Program Service Revenue | $2,425,241 |
| Investment income | $1,531 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $19,963 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,565,384 |
| 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. | $138,576 |
| Compensation of current officers, directors, key employees. | $8,077 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,000,414 |
| Pension plan accruals and contributions | $13,173 |
| Other employee benefits | $98,553 |
| Payroll taxes | $96,117 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,007 |
| Fees for services: Accounting | $37,838 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $256,673 |
| Advertising and promotion | $0 |
| Office expenses | $20,491 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $309,922 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $53,582 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $110,859 |
| Insurance | $30,040 |
| All other expenses | $0 |
| Total functional expenses | $2,302,532 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $931,029 |
| Savings and temporary cash investments | $1,742,869 |
| Pledges and grants receivable | $59,237 |
| Accounts receivable, net | $515,018 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,729,029 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $58,327 |
| Net Land, buildings, and equipment | $2,660,105 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $319,116 |
| Total assets | $9,014,730 |
| Accounts payable and accrued expenses | $368,672 |
| Grants payable | $0 |
| Deferred revenue | $7,620 |
| 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 | $1,993,640 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $529,421 |
| Total liabilities | $2,899,353 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $6,115,377 |
| 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 | $9,014,730 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Shires Housing Inc has recieved totaling $13,021.
| Awarding Organization | Amount |
|---|---|
Alcyon Foundation Wilmington, DE PURPOSE: GENERAL OPERATIONS | $5,000 |
South Meadow Foundation Bennington, VT PURPOSE: GENERAL FUND | $5,000 |
William Dean Fausett Fndtn For Prsv & Prtctn Of Grn Mntn Boys Hstry Manchester, VT PURPOSE: CHARITABLE SUPPORT | $3,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $21 |
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