Housing Benefits

Organization Overview

Housing Benefits is located in Manchester, NH. The organization was established in 2009. 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. As of 12/2021, Housing Benefits employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Benefits 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 12/2021, Housing Benefits generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 15.8% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PURCHASE AND DEVELOPMENT OF TRANSITIONAL AND LOW-INCOME HOUSING.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TRANSITIONAL AND LOW-INCOME HOUSING.


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Board, Officers & Key Employees

Name (title)Compensation
Heather Whitfield
Chairperson
$0
Jessica Morin
Treasurer
$0
Brian Hansen
Secretary
$0
Maria Devlin
President/ceo
$0
Lisa Allard
CFO
$0
Chad Campbell
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Aw Rose Construction
Construction
$2,628,464
Giguere Electric
Construction
$108,139
Paradigm Plumbing & Heating
Construction
$255,402
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$1,210,107
Government grants $0
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$1,210,107
Total Program Service Revenue$1,576,470
Investment income $1,965
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$3,463
Net Income from Fundraising Events $0
Net Income from Gaming Activities $58,707
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,975,053

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Housing Benefits has recieved totaling $2,273,358.

Awarding OrganizationAmount
Fit-Nhnh Inc

Manchester, NH

PURPOSE: To provide affordable housing to families in need.

$1,136,679
Fit-Nhnh Inc

Manchester, NH

PURPOSE: To provide affordable housing to families in need.

$1,136,679
View Grant Recipient Profile

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