Contoocook Housing Trust
- Assets
- $2.3m
- Revenue
- $590.8k
- Investments
- $0.0
- Employees
- 2
- Location
- New Ipswich, NH
- Founding
- 11/1991
- Data as of
- 12/2022
- EIN
- 02-0444364
Organization Overview
Contoocook Housing Trust is located in New Ipswich, NH. The organization was established in 1991. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Contoocook Housing Trust employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Contoocook Housing Trust 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 12/2022, Contoocook Housing Trust generated $590.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $507.8k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE CONTOOCOOK HOUSING TRUST PROVIDES AFFORDABLE RENTAL AND HOMEOWNERSHIP OPPORTUNITIES FOR LOW AND MODERATE INCOME FAMILIES IN OUR TARGET AREA TOWNS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, CONTOOCOOK HOUSING TRUST PROVIDED SAFE, AFFORDABLE HOUSING TO MORE THAN 58 FAMILIES IN 54 UNITS IN 13 PROPERTIES LOCATED IN FOUR AREA TOWNS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice Altman Executive Director | 40 | $81,269 | |
Wayne Gordon President | OfficerTrustee | 4 | $0 |
Thomas Beaumont Vice President | OfficerTrustee | 2 | $0 |
Joanne Mcgovern Treasurer | OfficerTrustee | 4 | $0 |
Mary Allen Trustee | Trustee | 2 | $0 |
Tricia Goff Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,200 |
| Total Program Service Revenue | $585,501 |
| Investment income | $1,568 |
| 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 | $590,769 |
| 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. | $81,269 |
| Compensation of current officers, directors, key employees. | $81,269 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,805 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,999 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $273 |
| Fees for services: Accounting | $4,360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,431 |
| Advertising and promotion | $0 |
| Office expenses | $1,862 |
| Information technology | $3,097 |
| Royalties | $0 |
| Occupancy | $253,787 |
| Travel | $808 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,463 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,042 |
| Insurance | $35,085 |
| All other expenses | $0 |
| Total functional expenses | $507,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $320,761 |
| Savings and temporary cash investments | $538,334 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$15,158 |
| 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 | $14,406 |
| Net Land, buildings, and equipment | $1,480,277 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,338,620 |
| Accounts payable and accrued expenses | $13,429 |
| Grants payable | $0 |
| Deferred revenue | $1,439 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $44,003 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $576,074 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $634,945 |
| Net assets without donor restrictions | $1,703,675 |
| 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 | $2,338,620 |