Williamstown Elderly Housing Corp

Tax-deductible

Pittsfield, MA501(c)(3)HousingEIN 04-2649177Revenue $938K in FY2024

On file with the IRSPo Box 1180, 01202-1180 · Pittsfield, MATax-exempt since Aug 1978Publicly supported charity — 170(b)(1)(A)(vi)

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To provide low income Housing for the Elderly.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
5 of 5
filings with a surplus
Average surplus $39K a year · 4% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.7M
94% of total assets
Concern: liabilities are 94% of assets; over 80%.
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
$938K
+3% vs prior year
Spent
$907K
To programs
82%
Net assets
$108K
By yearFY2020–FY2024
Revenue
$938K
FY2024▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$850K
FY2021$858K
FY2022$886K
FY2023$908K
FY2024$938K
Expenses
$907K
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$814K
FY2021$826K
FY2022$858K
FY2023$840K
FY2024$907K
Net assets
$108K
FY2024▲ +39%
Tap a bar for its year
Net assets by fiscal year
FY2020−$50K
FY2021−$18K
FY2022$9K
FY2023$78K
FY2024$108K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim

Is it real?

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

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% · $745K Management & general 18% · $162K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Williamstown Elderly 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds and manages affordable homes for seniors.

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Provided by the organization

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1 program · $745K · in their own filed words · FY2024
01

The organization provides 60 units of low income housing for the elderly. Section 8 rental assistance is available for every apartment in the project.

$745Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$938K
Ln 12
Fees for servicesLn 2g$937K
Investment incomeLn 3$998
Money outPt IX
$907K
Ln 25
Programscol B$745K
Managementcol C$162K
Owns and owesPt X
$108K
net assets · Ln 32
Cash and savingsLn 1–2$38K
Total assetsLn 16$1.8M
LiabilitiesLn 26$1.7M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$937K
Investment incomeLn 3$998
Total revenueLn 12$938K
Assets in detailPt X, end of year
SavingsLn 2$38K
Cash and savings togetherLn 1–2$38K
InvestmentsLn 11–13$536K
Land, buildings, equipmentLn 10c$1.1M
Other assetsLn 15$27K
Total assetsLn 16$1.8M
LiabilitiesLn 26$1.7M
Net assetsLn 32$108K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$43K$38K
InvestmentsLn 11–13$613K$536K
Land, buildings, equipmentLn 10c$1.1M$1.1M
Total assetsLn 16$1.8M$1.8M
LiabilitiesLn 26$1.8M$1.7M
Net assetsLn 32$78K$108K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$235K$170K$66K
Management feesLn 11a$68K$68K
Legal feesLn 11b$355$355
Accounting feesLn 11c$24K$24K
Other fees for servicesLn 11g$275$275
Advertising and promotionLn 12$158$158
Office expensesLn 13$5K$5K
OccupancyLn 16$219K$219K
InterestLn 20$96K$96K
Depreciation, depletion and amortizationLn 22$89K$89K
InsuranceLn 23$46K$46K
Other expenses (24a–d)Ln 24$125K$125K
All other expensesLn 24e$250$250
Total functional expensesLn 25$907K$745K$162K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $938K$907K$31K$108K 990 PDF
FY2023 $908K$840K$68K$78K 990 PDF
FY2022 $886K$858K$28K$9K 990 PDF
FY2021 $858K$826K$32K−$18K 990 PDF
FY2020 $850K$814K$37K−$50K 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 FY2024 990 (6 parts)
Part I · Summary $937,544 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $907,390$936,546
I-10 Investment incomePrior year $798$998
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $908,188$937,544
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 $186,080$235,497
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $653,791$671,515
I-18 Total expensesPrior year $839,871$907,012
I-19 Revenue less expensesPrior year $68,317$30,532
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $937,544 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $936,546$936,546
VIII-3 Investment incomeExcluded from tax $998$998
VIII-12 Total revenueRelated to mission $936,546 · Unrelated business $0 · Excluded from tax $998$937,544
Part IX · Statement of functional expenses $907,012 across 13 lines filed
IX-7 Other salaries and wagesPrograms $169,847 · Management $65,650$235,497
IX-11a Management feesManagement $67,895$67,895
IX-11b Legal feesManagement $355$355
IX-11c Accounting feesManagement $23,561$23,561
IX-11g Other fees for servicesManagement $275$275
IX-12 Advertising and promotionManagement $158$158
IX-13 Office expensesManagement $4,506$4,506
IX-16 OccupancyPrograms $219,164$219,164
IX-20 InterestPrograms $96,061$96,061
IX-22 Depreciation, depletion and amortizationPrograms $88,962$88,962
IX-23 InsurancePrograms $45,685$45,685
IX-24 Other expenses (24a–d)Programs $124,643$124,643
IX-24e All other expensesPrograms $250$250
IX-25 Total functional expensesPrograms $744,612 · Management $162,400 · Fundraising $0$907,012
Part X · Balance sheet $1,821,883 assets, 15 lines filed
X-2 Savings and temporary cash investmentsStart of year $42,913$37,524
X-4 Accounts receivableStart of year $17,287$18,035
X-9 Prepaid expenses and deferred chargesStart of year $8,708$11,394
X-10c Land, buildings and equipment, netStart of year $1,054,849$1,111,679
X-12 Other securitiesStart of year $612,537$536,404
X-14 Intangible assetsStart of year $84,856$80,310
X-15 Other assetsStart of year $23,453$26,537
X-16 Total assetsStart of year $1,844,603$1,821,883
X-17 Accounts payable and accrued expensesStart of year $72,583$15,363
X-19 Deferred revenueStart of year $13,558$15,926
X-25 Other liabilitiesStart of year $119,797$166,324
X-26 Total liabilitiesStart of year $1,767,022$1,713,770
X-27 Net assets without donor restrictionsStart of year $77,581$108,113
X-32 Total net assets or fund balancesStart of year $77,581$108,113
X-33 Total liabilities and net assetsStart of year $1,844,603$1,821,883
Part XI · Reconciliation of net assets $108,113 net assets at year end
XI-1 Total revenue$937,544
XI-2 Total expenses$907,012
XI-3 Revenue less expenses$30,532
XI-4 Net assets at start of year$77,581
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$108,113

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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