Springfield Housing Unlimited
- Assets
- $2.2m
- Revenue
- $576.8k
- Investments
- $59.0
- Employees
- 0
- Location
- Springfield, VT
- Founding
- 06/1990
- Data as of
- 09/2023
- EIN
- 03-0318824
Organization Overview
Springfield Housing Unlimited is located in Springfield, VT. The organization was established in 1990. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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. Springfield Housing Unlimited 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 09/2023, Springfield Housing Unlimited generated $576.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $616.5k during the year ending 09/2023. While expenses have increased by 4.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME FAMILIES AND INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AFFORDABLE HOUSING TO LOW-INCOME PERSONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter N Andrews President / Treasurer | OfficerTrustee | 2 | $0 |
Jessica Martin Vice President / Secretary | OfficerTrustee | 2 | $0 |
Mimi Yahn Director | Trustee | 2 | $0 |
Tom Yenerell Director | Trustee | 2 | $0 |
Jeff Mobus Director | Trustee | 2 | $0 |
Tracy Johnson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $127,855 |
| 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 | $127,855 |
| Total Program Service Revenue | $448,257 |
| Investment income | $677 |
| 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 | $576,789 |
| 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 | $126,553 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $37,761 |
| Payroll taxes | $9,832 |
| Fees for services: Management | $27,360 |
| Fees for services: Legal | $3,977 |
| Fees for services: Accounting | $12,514 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,994 |
| Advertising and promotion | $0 |
| Office expenses | $38,578 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $260,014 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $24,803 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $54,388 |
| Insurance | $5,751 |
| All other expenses | $0 |
| Total functional expenses | $616,525 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,007 |
| Savings and temporary cash investments | $304,292 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,165 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $145,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $54,893 |
| Net Land, buildings, and equipment | $1,373,984 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $59 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,956 |
| Total assets | $2,191,356 |
| Accounts payable and accrued expenses | $122,027 |
| Grants payable | $0 |
| Deferred revenue | $2,757 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $50,182 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $910,118 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,085,084 |
| Net assets without donor restrictions | $1,106,272 |
| 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 | $2,191,356 |