Housing Partnership FY2021 filing

Tax-deductible

Portsmouth, NH501(c)(3)HousingEIN 02-0427331Revenue $2.9M in FY2021

On file with the IRShousingpartnership.org222 International Dr Ste 165, 03801-6818 · Portsmouth, NHTax-exempt since Jun 1989Publicly supported charity — 170(b)(1)(A)(vi)

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The Housing partnership's (thp) mission is to strengthen the communities of the greater seacoast region of new hampshire and southern maine by creating diverse Housing opportunities, utilizing innovative approaches to development, and practicing strong stewardship of our Housing. We value economic sustainability, economic and social diversity and smart growth. By honoring these values, we create Housing that strengthens the fabric of communities.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$158K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
2 of 5
filings with a surplus
Average surplus $174K a year · 14% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$158K
to officers and key staff · 13% of spending
Looks good: pay to officers and key staff is 13% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
22 mo
of spending, in cash
Looks good: 22.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $52K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.3M
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.9M
+154% vs prior year
Spent
$1.2M
To programs
87%
Net assets
$5.0M
By yearFY2020–FY2024
Revenue
$2.9M
FY2021▲ +154%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$2.9M
FY2022$1.2M
FY2023$659K
FY2024$219K
Expenses
$1.2M
FY2021▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.2M
FY2022$1.0M
FY2023$916K
FY2024$895K
Net assets
$5.0M
FY2021▲ +57%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.2M
FY2021$5.0M
FY2022$5.3M
FY2023$5.2M
FY2024$5.0M

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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 Jun 1989.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $1.1M Management & general 13% · $158K Fundraising 1% · $8K

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

8 people listed on the 990; $158K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$158,197Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Marty Chapman’s $166K as Executive Director is at the 96th percentile of top reported officer pay among 851 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Marty Chapman$166,209$156,405$158,270$158,197$154,952

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Builds diverse housing opportunities to strengthen communities in New Hampshire and Southern Maine.

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Provided by the organization

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3 programs · $1.1M · in their own filed words · FY2021
01

Rental Properties

THP OWNS/OVERSEES the property management of 252 affordable apartments and 2 commercial units in dover, exeter, farmington, lee, rollinsford, rye, kennebunk, eliot, and south berwick.

$863Kprogram expense
02

Property Development

Development of affordable housing through construction of new housing as well as purchase and rehab of existing housing.

$125Kprogram expense
03

Homeward Bound

A free and community-based comprehensive homebuyer eduction program offer in the seacoast region of new hampshire. It is the only hud-certified homebuyer education program offered in the seacoast region. The 8-HOUR program teaches the steps necessary for successful homeownership.

$77Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 1 funder$52K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.9M
Ln 12
Investment incomeLn 3$2.0M
Fees for servicesLn 2g$769K
Gifts and grantsLn 1h$212K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.1M
Managementcol C$158K
Fundraisingcol D$8K
Owns and owesPt X
$5.0M
net assets · Ln 32
Cash and savingsLn 1–2$2.3M
Total assetsLn 16$8.3M
LiabilitiesLn 26$3.3M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$212K
Government grantsLn 1e$106K
Noncash giftsLn 1g$16K
Fundraising eventsLn 1c$11K
Fees for servicesLn 2g$769K
Investment incomeLn 3$2.0M
Gains on assetsLn 7$1.7M
Total revenueLn 12$2.9M
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$1.2M
Cash and savings togetherLn 1–2$2.3M
InvestmentsLn 11–13$1.7M
Land, buildings, equipmentLn 10c$840K
Other assetsLn 15$2.2M
Total assetsLn 16$8.3M
LiabilitiesLn 26$3.3M
Net assetsLn 32$5.0M
OperationsPt I, VI
EmployeesI 53
VolunteersI 66
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 FY21End FY21
Cash and savingsLn 1–2$1.9M$2.3M
InvestmentsLn 11–13$651K$1.7M
Land, buildings, equipmentLn 10c$1.7M$840K
Total assetsLn 16$5.5M$8.3M
LiabilitiesLn 26$2.4M$3.3M
Net assetsLn 32$3.2M$5.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$147K$107K$38K$1K
Other salaries and wagesLn 7$208K$149K$58K$2K
Pension plan contributionsLn 8$23K$15K$8K$280
Other employee benefitsLn 9$8K$5K$3K$103
Payroll taxesLn 10$24K$16K$8K$295
Management feesLn 11a$45K$45K
Legal feesLn 11b$900$900
Accounting feesLn 11c$43K$34K$8K$306
Other fees for servicesLn 11g$12K$10K$3K$94
Advertising and promotionLn 12$8K$8K
Office expensesLn 13$23K$16K$5K$2K
OccupancyLn 16$256K$239K$16K$610
TravelLn 17$3K$2K$673$265
InterestLn 20$75K$68K$7K$252
Depreciation, depletion and amortizationLn 22$93K$92K$520$19
InsuranceLn 23$30K$29K$2K$59
Other expenses (24a–d)Ln 24$230K$228K$2K$63
Total functional expensesLn 25$1.2M$1.1M$158K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $219K$895K−$676K$5.0M 990 PDF
FY2023 $659K$916K−$257K$5.2M 990 PDF
FY2022 $1.2M$1.0M$162K$5.3M 990 PDF
FY2021 Viewing $2.9M$1.2M$1.7M$5.0M 990 PDF
FY2020 $1.1M$1.2M−$37K$3.2M 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 FY2021 990 (6 parts)
Part I · Summary $2,909,640 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $586,597$212,330
I-9 Program service revenuePrior year $526,986$768,930
I-10 Investment incomePrior year $36,686$2,027,109
I-11 Other revenuePrior year −$4,843−$98,729
I-12 Total revenuePrior year $1,145,426$2,909,640
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $385,007$410,464
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $797,299$819,676
I-18 Total expensesPrior year $1,182,306$1,230,140
I-19 Revenue less expensesPrior year −$36,880$1,679,500
Part VI · Governance 7 of 7 board members independent, 2 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,909,640 across 12 lines filed
VIII-1c Fundraising events$11,423
VIII-1e Government grants$106,032
VIII-1f All other contributions, gifts and grants$94,875
VIII-1g Noncash contributions (included above)$15,800
VIII-1h Total contributions, gifts and grants$212,330
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $768,930$768,930
VIII-3 Investment incomeExcluded from tax $340,432$340,432
VIII-6 Net rental income or lossRelated to mission $30,466 · Unrelated business −$164,025−$133,559
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,686,677$1,686,677
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $34,830$34,830
VIII-12 Total revenueRelated to mission $2,520,903 · Unrelated business −$164,025 · Excluded from tax $340,432$2,909,640
Part IX · Statement of functional expenses $1,230,140 across 17 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $106,807 · Management $38,376 · Fundraising $1,463$146,646
IX-7 Other salaries and wagesPrograms $148,741 · Management $57,627 · Fundraising $2,040$208,408
IX-8 Pension plan contributionsPrograms $14,968 · Management $7,687 · Fundraising $280$22,935
IX-9 Other employee benefitsPrograms $5,467 · Management $2,808 · Fundraising $103$8,378
IX-10 Payroll taxesPrograms $15,725 · Management $8,077 · Fundraising $295$24,097
IX-11a Management feesPrograms $44,926$44,926
IX-11b Legal feesPrograms $900$900
IX-11c Accounting feesPrograms $34,382 · Management $8,263 · Fundraising $306$42,951
IX-11g Other fees for servicesPrograms $9,636 · Management $2,532 · Fundraising $94$12,262
IX-12 Advertising and promotionPrograms $8,052$8,052
IX-13 Office expensesPrograms $15,698 · Management $4,635 · Fundraising $2,187$22,520
IX-16 OccupancyPrograms $238,723 · Management $16,476 · Fundraising $610$255,809
IX-17 TravelPrograms $2,392 · Management $673 · Fundraising $265$3,330
IX-20 InterestPrograms $68,347 · Management $6,804 · Fundraising $252$75,403
IX-22 Depreciation, depletion and amortizationPrograms $92,371 · Management $520 · Fundraising $19$92,910
IX-23 InsurancePrograms $28,728 · Management $1,593 · Fundraising $59$30,380
IX-24 Other expenses (24a–d)Programs $228,461 · Management $1,709 · Fundraising $63$230,233
IX-25 Total functional expensesPrograms $1,064,324 · Management $157,780 · Fundraising $8,036$1,230,140
Part X · Balance sheet $8,324,621 assets, 19 lines filed
Asset lines not itemized here account for $1,235,552; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $553,817$1,059,104
X-2 Savings and temporary cash investmentsStart of year $1,314,954$1,195,396
X-3 Pledges and grants receivableStart of year $6,025$0
X-4 Accounts receivableStart of year $20,766$22,537
X-9 Prepaid expenses and deferred chargesStart of year $20,551$31,504
X-10c Land, buildings and equipment, netStart of year $1,654,338$840,317
X-11 Publicly traded securitiesStart of year $650,717$537,693
X-13 Program-related investmentsStart of year $100$1,129,279
X-14 Intangible assetsStart of year $11,912$26,237
X-15 Other assetsStart of year $627,975$2,247,002
X-16 Total assetsStart of year $5,542,049$8,324,621
X-17 Accounts payable and accrued expensesStart of year $61,132$395,715
X-19 Deferred revenueStart of year $2,924$2,709
X-25 Other liabilitiesStart of year $95,191$151,014
X-26 Total liabilitiesStart of year $2,366,735$3,342,722
X-27 Net assets without donor restrictionsStart of year $3,070,343$4,832,841
X-28 Net assets with donor restrictionsStart of year $104,971$149,058
X-32 Total net assets or fund balancesStart of year $3,175,314$4,981,899
X-33 Total liabilities and net assetsStart of year $5,542,049$8,324,621
Part XI · Reconciliation of net assets $4,981,899 net assets at year end
XI-1 Total revenue$2,909,640
XI-2 Total expenses$1,230,140
XI-3 Revenue less expenses$1,679,500
XI-4 Net assets at start of year$3,175,314
XI-5 Net unrealized gains (losses) on investments$83,943
XI-9 Other changes in net assets$43,142
XI-10 Net assets at end of year$4,981,899

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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