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Norridgewock Housing Corp FY2023 filing

Not tax-deductible

Norridgewock, ME501(c)(4)EIN 01-0346779

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Provide Housing for the elderly

88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $6K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$107K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$229K
+12% vs prior year
Spent
$239K
To programs
88%
Net assets
$316K
By yearFY2020–FY2024
Revenue
$229K
FY2023▲ +12%
Revenue by fiscal year
FY2020$213K
FY2021$199K
FY2022$204K
FY2023$229K
FY2024$253K
Expenses
$239K
FY2023▲ +8%
Expenses by fiscal year
FY2020$197K
FY2021$182K
FY2022$221K
FY2023$239K
FY2024$228K
Net assets
$316K
FY2023▼ -3%
Net assets by fiscal year
FY2020$325K
FY2021$342K
FY2022$326K
FY2023$316K
FY2024$341K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1978.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $210K Management & general 12% · $28K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Susan Campbell
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
David Lyman
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Audra Lyman
Director
$0Pt VII · Sec A
See Norridgewock Housing Corp executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers safe and affordable housing for seniors.

Provided by the organization

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1 program · $210K · in their own filed words · FY2023
01

Operation of a 24 unit housing project for the elderly.

$210Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$229K
Ln 12
Fees for servicesLn 2g$118K
Gifts and grantsLn 1h$109K
Investment incomeLn 3$3K
Money outPt IX
$239K
Ln 25
Programscol B$210K
Managementcol C$28K
Owns and owesPt X
$316K
net assets · Ln 32
Cash and savingsLn 1–2$154K
Total assetsLn 16$423K
LiabilitiesLn 26$107K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$109K
Government grantsLn 1e$109K
Fees for servicesLn 2g$118K
Investment incomeLn 3$3K
Total revenueLn 12$229K
Assets in detailPt X, end of year
CashLn 1$21K
SavingsLn 2$133K
Cash and savings togetherLn 1–2$154K
Land, buildings, equipmentLn 10c$266K
Total assetsLn 16$423K
LiabilitiesLn 26$107K
Net assetsLn 32$316K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$145K$154K
Land, buildings, equipmentLn 10c$295K$266K
Total assetsLn 16$441K$423K
LiabilitiesLn 26$116K$107K
Net assetsLn 32$326K$316K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$23K$23K
Accounting feesLn 11c$6K$6K
Advertising and promotionLn 12$340$340
Office expensesLn 13$962$962
InterestLn 20$5K$5K
Depreciation, depletion and amortizationLn 22$28K$28K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$159K$159K
All other expensesLn 24e$7K$7K
Total functional expensesLn 25$239K$210K$28K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $253K$228K$25K$341K 990 PDF
FY2023 Viewing $229K$239K−$10K$316K 990 PDF
FY2022 $204K$221K−$17K$326K 990 PDF
FY2021 $199K$182K$17K$342K 990 PDF
FY2020 $213K$197K$16K$325K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $229,139 across 5 lines filed
VIII-1e Government grants$108,818
VIII-1h Total contributions, gifts and grants$108,818
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $117,576$117,576
VIII-3 Investment incomeRelated to mission $2,745$2,745
VIII-12 Total revenueRelated to mission $120,321 · Unrelated business $0 · Excluded from tax $0$229,139
Part IX · Statement of functional expenses $238,990 across 9 lines filed
IX-11a Management feesManagement $22,596$22,596
IX-11c Accounting feesManagement $5,900$5,900
IX-12 Advertising and promotionPrograms $340$340
IX-13 Office expensesPrograms $962$962
IX-20 InterestPrograms $5,458$5,458
IX-22 Depreciation, depletion and amortizationPrograms $28,159$28,159
IX-23 InsurancePrograms $10,293$10,293
IX-24 Other expenses (24a–d)Programs $158,513$158,513
IX-24e All other expensesPrograms $6,769$6,769
IX-25 Total functional expensesPrograms $210,494 · Management $28,496 · Fundraising $0$238,990
Part X · Balance sheet $422,629 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $19,679$21,246
X-2 Savings and temporary cash investmentsStart of year $124,879$132,517
X-4 Accounts receivableStart of year $833$698
X-9 Prepaid expenses and deferred chargesStart of year $1,422$1,765
X-10c Land, buildings and equipment, netStart of year $294,562$266,403
X-16 Total assetsStart of year $441,375$422,629
X-17 Accounts payable and accrued expensesStart of year $10,667$21,519
X-19 Deferred revenueStart of year $3,183$1,780
X-25 Other liabilitiesStart of year $10,948$10,676
X-26 Total liabilitiesStart of year $115,691$106,796
X-27 Net assets without donor restrictionsStart of year $325,684$315,833
X-32 Total net assets or fund balancesStart of year $325,684$315,833
X-33 Total liabilities and net assetsStart of year $441,375$422,629
Part XI · Reconciliation of net assets $315,833 net assets at year end
XI-1 Total revenue$229,139
XI-2 Total expenses$238,990
XI-3 Revenue less expenses−$9,851
XI-4 Net assets at start of year$325,684
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$315,833

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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