Independent Order Of Odd Fellows is located in South Burlington, VT. The organization was established in 1940. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Independent Order Of Odd Fellows 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, Independent Order Of Odd Fellows generated $308.9k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $328.7k 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
PROVIDE AND MAINTAIN ADEQUATE AND WORTHY HOUSING FOR MEN AND WOMEN WHO QUALIFY FOR LOW INCOME ELDERLY HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE HOUSING FOR THE LOW INCOME ELDERLY AS WELL AS UPKEEP AND MAINTENANCE OF A 36 UNIT APARTMENT BUILDING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Edward W Spaulding Vice Chairman | OfficerTrustee | 5 | $0 |
Sandra George Member | Trustee | 1 | $0 |
Peg Bruce Member | Trustee | 1 | $0 |
Nora-Ellen Spaulding Secretary/trea | OfficerTrustee | 5 | $0 |
Everett Allen Chairman | OfficerTrustee | 1 | $0 |
Alice Bennett Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $156,839 |
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 | $156,839 |
Total Program Service Revenue | $148,072 |
Investment income | $72 |
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 | $308,933 |
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 | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $36,491 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $8,250 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $245 |
Office expenses | $0 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $122,943 |
Travel | $0 |
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 | $78,255 |
Insurance | $11,018 |
All other expenses | $0 |
Total functional expenses | $328,685 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $20,109 |
Savings and temporary cash investments | $473,852 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $14,768 |
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 | $33,720 |
Net Land, buildings, and equipment | $2,734,586 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $13,036 |
Total assets | $3,290,071 |
Accounts payable and accrued expenses | $191,911 |
Grants payable | $0 |
Deferred revenue | $1,672 |
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 | $3,678,700 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $135,413 |
Total liabilities | $4,007,696 |
Net assets without donor restrictions | -$780,897 |
Net assets with donor restrictions | $63,272 |
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 | $3,290,071 |