Housing Benefits
- Assets
- $27.4m
- Revenue
- $5.2m
- Investments
- $25.1k
- Employees
- 31
- Location
- Manchester, NH
- Founding
- 03/2009
- Data as of
- 12/2023
- EIN
- 26-0215059
Organization Overview
Housing Benefits is located in Manchester, NH. The organization was established in 2009. 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. As of 12/2023, Housing Benefits employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Benefits 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 12/2023, Housing Benefits generated $5.2m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $5.4m during the year ending 12/2023. While expenses have increased by 16.4% per year over the past 9 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
PURCHASE AND DEVELOPMENT OF TRANSITIONAL AND LOW-INCOME HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSITIONAL AND LOW-INCOME HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Hansen Chair | OfficerTrustee | 1 | $0 |
Chad Campbell Vice Chair | OfficerTrustee | 1 | $0 |
Josh Reap Secretary | OfficerTrustee | 1 | $0 |
Richard Goulette Director | Trustee | 1 | $0 |
Liz Isabelle Director | Trustee | 1 | $0 |
Heather Whitfield Past Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Soil-away Cleaning And Restoration Servi Mitigation And Restoration | 12/30/23 | $201,106 |
Families In Transition Management Fees | 12/30/23 | $1,116,818 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,859,401 |
| Government grants | $210,697 |
| 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 | $2,070,098 |
| Total Program Service Revenue | $2,919,430 |
| Investment income | $27,854 |
| 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 | $83,732 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,232,381 |
| 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 | $788,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $58,223 |
| Fees for services: Management | $1,116,818 |
| Fees for services: Legal | $32,905 |
| Fees for services: Accounting | $66,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,417 |
| Advertising and promotion | $0 |
| Office expenses | $21,885 |
| Information technology | $6,023 |
| Royalties | $0 |
| Occupancy | $1,020,771 |
| Travel | $7,123 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $290,561 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,110,113 |
| Insurance | $150,796 |
| All other expenses | $0 |
| Total functional expenses | $5,410,877 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $464,709 |
| Savings and temporary cash investments | $1,386,085 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $92,620 |
| 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 | $28,009 |
| Net Land, buildings, and equipment | $25,221,136 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $25,051 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $200,408 |
| Total assets | $27,418,018 |
| Accounts payable and accrued expenses | $1,780,954 |
| Grants payable | $0 |
| Deferred revenue | $21,022 |
| 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 | $16,133,320 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,003,069 |
| Total liabilities | $19,938,365 |
| Net assets without donor restrictions | $7,479,653 |
| 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 | $27,418,018 |