Town Of Lincoln Housing Authority
- Assets
- $11.2m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Lincoln, RI
- Founding
- 08/2005
- Data as of
- 09/2023
- EIN
- 05-0309409
Organization Overview
Town Of Lincoln Housing Authority is located in Lincoln, RI. The organization was established in 2005. 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. Town Of Lincoln Housing Authority 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, Town Of Lincoln Housing Authority generated $5.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $4.2m during the year ending 09/2023. While expenses have increased by 4.2% per year over the past 8 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
OPERATES EXCLUSIVELY TO PROVIDE SAFE AND AFFORDABLE HOUSING TO THE ELDERLY, DISABLED, AND LOW-INCOME
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING TO THE ELDERLY, THE DISABLED, AND LOW-INCOME PERSONS AT ITS FACILITIES IN LINCOLN, RI
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Peppes Chairman | Trustee | 2 | $0 |
Brian Wilson Vice Chairman | Trustee | 2 | $0 |
Kevin Mcpeat Commissioner | Trustee | 2 | $0 |
Luoise Laflamme Commissioner | Trustee | 2 | $0 |
Karen Roscia Resident Commissioner | Trustee | 2 | $0 |
Bessie Carvalho Commissioner | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,376,134 |
| 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 | $3,376,134 |
| Total Program Service Revenue | $1,594,846 |
| Investment income | $6,358 |
| 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 | $4,977,338 |
| 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. | $93,362 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $725,896 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,694 |
| Advertising and promotion | $0 |
| Office expenses | $180,303 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,081 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $383,930 |
| Insurance | $121,394 |
| All other expenses | $289,477 |
| Total functional expenses | $4,187,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $953,123 |
| Savings and temporary cash investments | $498,586 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,083 |
| 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 | $18,153 |
| Net Land, buildings, and equipment | $9,759,642 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,236,587 |
| Accounts payable and accrued expenses | $502,419 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $333,052 |
| Total liabilities | $835,471 |
| Net assets without donor restrictions | $10,401,116 |
| 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 | $11,236,587 |