philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Oak Hill INC FY2023 filing

Tax-deductible

Ipswich, MA501(c)(3)EIN 04-2954430Revenue $713K in FY2023

On file with the IRS35 Central Street, 01938-1960 · Ipswich, MATax-exempt since Jun 1989Publicly supported — 509(a)(2)

Claim this org

(tell your story, add context, and more)

What claiming does How does your 990 look to donors? Take the 10-Question Audit

The organization's mission is to provide affordable low-income housing to qualified elderly people.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
5 of 5
filings with a surplus
Average surplus $83K a year · 12% 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
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $750
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2.3M
200% of total assets
Concern: liabilities are 200% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$713K
+8% vs prior year
Spent
$638K
To programs
77%
Net assets
−$1.1M
By yearFY2021–FY2025
Revenue
$713K
FY2023▲ +8%
Tap a bar for its year
Revenue by fiscal year
FY2021$647K
FY2022$661K
FY2023$713K
FY2024$737K
FY2025$805K
Expenses
$638K
FY2023▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2021$591K
FY2022$599K
FY2023$638K
FY2024$662K
FY2025$659K
Net assets
−$1.1M
FY2023▲ +6%
Tap a bar for its year
Net assets by fiscal year
FY2021−$1.3M
FY2022−$1.2M
FY2023−$1.1M
FY2024−$1.1M
FY2025−$915K

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1989.

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

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $489K Management & general 23% · $149K

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

Something off? Claim to add context

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Roger Burke
Vice Preside
$0Pt VII · Sec A
Lauri Carlson
Board Member
$0Pt VII · Sec A
Beverly Cottrell
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Dorothy Levesque
Board Member
$0Pt VII · Sec A
Barbara Pimentel
Board Member
$0Pt VII · Sec A
Patricia Valcour
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Oak Hill INC executive salaries →

On this list? Claim this org

Something off? Claim to add context

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

Provides affordable housing for low-income seniors.

Questions for Oak Hill INC

Tap to ask. Oak Hill INC sees how many people are interested.

Your first name shows with your question. Oak Hill INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $489K · in their own filed words · FY2022
01

The organization provided low-income housing for the elderly under the guidelines set by U.S. Rural development.

$489Kprogram 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 · FY2025
Wm Foulds Co-Tr Uw W F FundFY2025$750
Total grants receivedfrom 1 funder$750

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$713K
Ln 12
Gifts and grantsLn 1h$505K
Fees for servicesLn 2g$190K
Other incomeLn 4–11$17K
Money outPt IX
$638K
Ln 25
Programscol B$489K
Managementcol C$149K
Owns and owesPt X
−$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$159K
Total assetsLn 16$1.1M
LiabilitiesLn 26$2.3M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$505K
Government grantsLn 1e$505K
Fees for servicesLn 2g$190K
Investment incomeLn 3$1K
Other incomeLn 4–11$17K
Total revenueLn 12$713K
Assets in detailPt X, end of year
CashLn 1$159K
Cash and savings togetherLn 1–2$159K
Land, buildings, equipmentLn 10c$738K
Other assetsLn 15$231K
Total assetsLn 16$1.1M
LiabilitiesLn 26$2.3M
Net assetsLn 32−$1.1M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderJune
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 FY23End FY23
Cash and savingsLn 1–2$140K$159K
Land, buildings, equipmentLn 10c$748K$738K
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$2.3M$2.3M
Net assetsLn 32−$1.2M−$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$34K$34K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$73K$73K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$13K$13K
InterestLn 20$206K$206K
Depreciation, depletion and amortizationLn 22$35K$31K$5K
InsuranceLn 23$45K$40K$6K
Other expenses (24a–d)Ln 24$154K$154K
All other expensesLn 24e$65K$60K$5K
Total functional expensesLn 25$638K$489K$149K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $805K$659K$147K−$915K 990 PDF
FY2024 $737K$662K$75K−$1.1M 990 PDF
FY2023 Viewing $713K$638K$74K−$1.1M 990 PDF
FY2022 $661K$599K$62K−$1.2M 990 PDF
FY2021 $647K$591K$56K−$1.3M 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $712,625 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $477,805$504,680
I-9 Program service revenuePrior year $173,500$190,053
I-10 Investment incomePrior year $792$1,118
I-11 Other revenuePrior year $9,130$16,774
I-12 Total revenuePrior year $661,227$712,625
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $598,839$638,151
I-18 Total expensesPrior year $598,839$638,151
I-19 Revenue less expensesPrior year $62,388$74,474
Part VI · Governance 9 of 9 board members independent, 2 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $712,625 across 6 lines filed
VIII-1e Government grants$504,680
VIII-1h Total contributions, gifts and grants$504,680
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $190,053$190,053
VIII-3 Investment incomeExcluded from tax $1,118$1,118
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $16,774$16,774
VIII-12 Total revenueRelated to mission $190,053 · Excluded from tax $17,892$712,625
Part IX · Statement of functional expenses $638,151 across 11 lines filed
IX-11a Management feesManagement $33,532$33,532
IX-11b Legal feesManagement $1,504$1,504
IX-11c Accounting feesManagement $11,300$11,300
IX-11g Other fees for servicesManagement $73,010$73,010
IX-12 Advertising and promotionManagement $1,171$1,171
IX-13 Office expensesManagement $13,229$13,229
IX-20 InterestPrograms $205,715$205,715
IX-22 Depreciation, depletion and amortizationPrograms $30,687 · Management $4,637$35,324
IX-23 InsurancePrograms $39,709 · Management $5,594$45,303
IX-24 Other expenses (24a–d)Programs $153,510$153,510
IX-24e All other expensesPrograms $59,522 · Management $5,031$64,553
IX-25 Total functional expensesPrograms $489,143 · Management $149,008 · Fundraising $0$638,151
Part X · Balance sheet $1,132,197 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $139,940$159,416
X-4 Accounts receivableStart of year $1,284$217
X-9 Prepaid expenses and deferred chargesStart of year $3,913$3,715
X-10c Land, buildings and equipment, netStart of year $748,177$738,174
X-15 Other assetsStart of year $231,378$230,675
X-16 Total assetsStart of year $1,124,692$1,132,197
X-17 Accounts payable and accrued expensesStart of year $48,049$33,731
X-26 Total liabilitiesStart of year $2,335,567$2,268,598
X-27 Net assets without donor restrictionsStart of year −$1,210,875−$1,136,401
X-32 Total net assets or fund balancesStart of year −$1,210,875−$1,136,401
X-33 Total liabilities and net assetsStart of year $1,124,692$1,132,197
Part XI · Reconciliation of net assets −$1,136,401 net assets at year end
XI-1 Total revenue$712,625
XI-2 Total expenses$638,151
XI-3 Revenue less expenses$74,474
XI-4 Net assets at start of year−$1,210,875
XI-10 Net assets at end of year−$1,136,401

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.