Groveton Housing Corporation
- Assets
- $744.7k
- Revenue
- $116.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Littleton, NH
- Founding
- 09/1986
- Data as of
- 12/2020
- EIN
- 22-2540933
Organization Overview
Groveton Housing Corporation is located in Littleton, NH. The organization was established in 1986. 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. Groveton Housing Corporation 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 12/2020, Groveton Housing Corporation generated $116.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.2%) each year. All expenses for the organization totaled $172.1k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOP, OWN AND MANAGE SUBSIDIZED RESIDENTIAL HOUSING UNITS AND RELATED FACILITIES FOR QUALIFIED ELDERLY AND PERSONS LIVING WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GROVETON'S MISSION IS TO PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES & SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Peter Corey Vice President | OfficerTrustee | 0.5 | $0 |
Martha Mcleod President | OfficerTrustee | 0.5 | $0 |
Luther Kinney Secretary | OfficerTrustee | 0.5 | $0 |
Debra Drew Past Treasurer | OfficerTrustee | 0.5 | $0 |
Christine Jessen Treasurer | OfficerTrustee | 0.5 | $0 |
Michael Claflin Director | Trustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $116,535 |
| Investment income | $6 |
| 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 | $116,541 |
| 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 | $8,040 |
| Fees for services: Legal | $2,749 |
| Fees for services: Accounting | $4,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,037 |
| Office expenses | $17,009 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,732 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20,629 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,107 |
| Insurance | $4,754 |
| All other expenses | $0 |
| Total functional expenses | $172,079 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,527 |
| Savings and temporary cash investments | $52,699 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,641 |
| 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 | $748 |
| Net Land, buildings, and equipment | $671,106 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $744,721 |
| Accounts payable and accrued expenses | $1,606 |
| Grants payable | $0 |
| Deferred revenue | $289 |
| 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 | $354,667 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $129,652 |
| Total liabilities | $486,214 |
| Net assets without donor restrictions | $258,507 |
| 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 | $744,721 |
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|---|---|---|
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New Communities Inc Westbrook, ME | $21,168,953 | $23,774,102 |
Cambridge Affordable Housing Corporation Cambridge, MA | $128,682,054 | $13,147,216 |
Avesta Housing Development Corporation Portland, ME | $69,411,595 | $13,114,873 |
Fit-Nhnh Inc Manchester, NH | $20,051,648 | $10,413,245 |
Cambridge Community Housing Development Inc Cambridge, MA | $56,982,552 | $7,704,327 |
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Mishawum Park Tenants Association Inc Braintree, MA | $36,767,027 | $4,697,884 |
The Housing Foundation Incorporated Montpelier, VT | $36,391,565 | $7,466,947 |
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