We own and operate three housing projects for the low income elderly and disabled, two of which are federally subsidized.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Run by 18 volunteers and 9 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average deficit $7K a year · 2% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.1M
136% of total assets
Concern: liabilities are 136% of assets; over 80%.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$503K
+11% vs prior year
Spent
$472K
To programs
82%
Net assets
−$305K
By yearFY2020–FY2025
Revenue
$503K
FY2025▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$514K
FY2021$388K
FY2022$440K
FY2023$404K
FY2024$454K
FY2025$503K
Expenses
$472K
FY2025▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$531K
FY2021$438K
FY2022$411K
FY2023$463K
FY2024$432K
FY2025$472K
Net assets
−$305K
FY2025▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020−$277K
FY2021−$328K
FY2022−$299K
FY2023−$358K
FY2024−$336K
FY2025−$305K

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1992.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $389K Management & general 18% · $83K

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

17 people listed on the 990.

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

Julia O'Donnell’s $62K as Executive Director is at the 51st percentile of top reported officer pay among 2168 $100K–1M human services 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.

See Oxbow Senior Independence Program INC 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides affordable housing for low-income seniors and disabled individuals.

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Provided by the organization

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3 programs · $389K · in their own filed words · FY2025
01

15 unit low income housing project for the elderly known as Montebello Hill Apartments.

$171Kprogram expense
02

15 unit low income housing project for the elderly known as Spear House Apartments.

$147Kprogram expense
03

3 unit property located in Wells River, VT known as Spear House.

$71Kprogram 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 · FY2022
Total grants receivedfrom 1 funder$25K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$503K
Ln 12
Fees for servicesLn 2g$414K
Gifts and grantsLn 1h$88K
Investment incomeLn 3$1K
Money outPt IX
$472K
Ln 25
Programscol B$389K
Managementcol C$83K
Owns and owesPt X
−$305K
net assets · Ln 32
Cash and savingsLn 1–2$170K
Total assetsLn 16$839K
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
17
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$88K
Government grantsLn 1e$88K
Fees for servicesLn 2g$414K
Investment incomeLn 3$1K
Total revenueLn 12$503K
Assets in detailPt X, end of year
SavingsLn 2$170K
Cash and savings togetherLn 1–2$170K
Land, buildings, equipmentLn 10c$617K
Other assetsLn 15$13K
Total assetsLn 16$839K
LiabilitiesLn 26$1.1M
Net assetsLn 32−$305K
OperationsPt I, VI
EmployeesI 59
VolunteersI 618
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$145K$170K
Land, buildings, equipmentLn 10c$659K$617K
Total assetsLn 16$850K$839K
LiabilitiesLn 26$1.2M$1.1M
Net assetsLn 32−$336K−$305K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$36K$36K
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$23K$23K
Advertising and promotionLn 12$505$505
Office expensesLn 13$6K$6K
Information technologyLn 14$4K$4K
OccupancyLn 16$105K$105K
TravelLn 17$500$500
InterestLn 20$93K$93K
Depreciation, depletion and amortizationLn 22$52K$52K
InsuranceLn 23$20K$20K
Other expenses (24a–d)Ln 24$120K$118K$1K
Total functional expensesLn 25$472K$389K$83K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest ViewingFiled with the IRS Apr 1, 2026 $503K$472K$31K−$305K 990 PDF
FY2024Filed with the IRS Mar 27, 2025 $454K$432K$21K−$336K 990 PDF
FY2023Filed with the IRS Apr 19, 2024 $404K$463K−$59K−$358K 990 PDF
FY2022Filed with the IRS May 5, 2023 $440K$411K$29K−$299K 990 PDF
FY2021Filed with the IRS Mar 10, 2022 $388K$438K−$50K−$328K 990 PDF
FY2020Filed with the IRS May 13, 2021 $514K$531K−$17K−$277K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $503,390 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $88,003$88,003
I-9 Program service revenuePrior year $364,232$414,317
I-10 Investment incomePrior year $1,280$1,070
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $453,515$503,390
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 $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $432,129$472,034
I-18 Total expensesPrior year $432,129$472,034
I-19 Revenue less expensesPrior year $21,386$31,356
Part VI · Governance 17 of 17 board members independent, 2 to look at
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $503,390 across 5 lines filed
VIII-1e Government grants$88,003
VIII-1h Total contributions, gifts and grants$88,003
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $414,317$414,317
VIII-3 Investment incomeExcluded from tax $1,070$1,070
VIII-12 Total revenueRelated to mission $414,317 · Unrelated business $0 · Excluded from tax $1,070$503,390
Part IX · Statement of functional expenses $472,034 across 12 lines filed
IX-11a Management feesManagement $36,103$36,103
IX-11c Accounting feesManagement $11,525$11,525
IX-11g Other fees for servicesManagement $23,009$23,009
IX-12 Advertising and promotionManagement $505$505
IX-13 Office expensesManagement $5,864$5,864
IX-14 Information technologyManagement $4,416$4,416
IX-16 OccupancyPrograms $105,483$105,483
IX-17 TravelManagement $500$500
IX-20 InterestPrograms $92,829$92,829
IX-22 Depreciation, depletion and amortizationPrograms $52,144$52,144
IX-23 InsurancePrograms $20,100$20,100
IX-24 Other expenses (24a–d)Programs $118,337 · Management $1,219$119,556
IX-25 Total functional expensesPrograms $388,893 · Management $83,141 · Fundraising $0$472,034
Part X · Balance sheet $839,082 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $145,067$170,233
X-4 Accounts receivableStart of year $10,585$15,821
X-9 Prepaid expenses and deferred chargesStart of year $21,980$22,819
X-10c Land, buildings and equipment, netStart of year $658,701$617,088
X-15 Other assetsStart of year $14,031$13,121
X-16 Total assetsStart of year $850,364$839,082
X-17 Accounts payable and accrued expensesStart of year $24,217$17,512
X-19 Deferred revenueStart of year $5,636$4,259
X-25 Other liabilitiesStart of year $14,031$13,121
X-26 Total liabilitiesStart of year $1,186,513$1,143,875
X-27 Net assets without donor restrictionsStart of year −$336,149−$304,793
X-32 Total net assets or fund balancesStart of year −$336,149−$304,793
X-33 Total liabilities and net assetsStart of year $850,364$839,082
Part XI · Reconciliation of net assets −$304,793 net assets at year end
XI-1 Total revenue$503,390
XI-2 Total expenses$472,034
XI-3 Revenue less expenses$31,356
XI-4 Net assets at start of year−$336,149
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$304,793

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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