Housing Support INC FY2023 filing

Tax-deductible

Newburyport, MA501(c)(3)HousingEIN 04-3124357Revenue $1.2M in FY2023

On file with the IRS12 Pleasant St Ste 3, 01950-2672 · Newburyport, MATax-exempt since Nov 1991Publicly supported — 509(a)(2)

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To provide housing and related support services to low income, homeless and handicapped individuals.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$131K 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

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
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 $51K a year · 4% 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
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$131K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $11K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.2M
72% of total assets
Worth a look: liabilities are 72% of assets; over 65%.
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
$1.2M
-21% vs prior year
Spent
$1.3M
To programs
81%
Net assets
$1.6M
By yearFY2020–FY2024
Revenue
$1.2M
FY2023▼ -21%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$1.2M
FY2022$1.5M
FY2023$1.2M
FY2024$1.9M
Expenses
$1.3M
FY2023▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$1.2M
FY2022$1.4M
FY2023$1.3M
FY2024$1.6M
Net assets
$1.6M
FY2023▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$1.6M
FY2022$1.7M
FY2023$1.6M
FY2024$1.9M

From the FY2023 Form 990 · figures checked against the IRS filing · 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 Nov 1991.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $1.0M Management & general 19% · $238K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

8 people listed on the 990; $131K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director & Assistant Clerk
$131,069Pt VII · Sec A
Honorary Director
$0Pt VII · Sec A
Honorary Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Paula Newcomb’s $145K as Executive Director is at the 67th percentile of top reported officer pay among 2036 $1–10M 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
Paula Newcomb$144,544$131,069$125,304$121,421$119,228

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.

See Housing Support 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 15aYes

Programs and updates

Offers housing and support to low-income, homeless, and disabled people.

Provided by the organization

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1 program · $1.0M · in their own filed words · FY2023
01

To provide housing and related support services to low income, homeless, and handicapped individuals.

$1.0Mprogram 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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$1.1M
Gifts and grantsLn 1h$76K
Investment incomeLn 3$10K
Money outPt IX
$1.3M
Ln 25
Programscol B$1.0M
Managementcol C$238K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$276K
Total assetsLn 16$5.8M
LiabilitiesLn 26$4.2M
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$76K
Fees for servicesLn 2g$1.1M
Investment incomeLn 3$10K
Gains on assetsLn 7−$1K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$14K
SavingsLn 2$263K
Cash and savings togetherLn 1–2$276K
Land, buildings, equipmentLn 10c$5.2M
Other assetsLn 15$216K
Total assetsLn 16$5.8M
LiabilitiesLn 26$4.2M
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 54
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 FY23End FY23
Cash and savingsLn 1–2$491K$276K
Land, buildings, equipmentLn 10c$5.4M$5.2M
Total assetsLn 16$6.0M$5.8M
LiabilitiesLn 26$4.3M$4.2M
Net assetsLn 32$1.7M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$137K$0$137K$0
Other salaries and wagesLn 7$224K$209K$15K$0
Pension plan contributionsLn 8$584$584$0$0
Payroll taxesLn 10$33K$19K$13K$0
Legal feesLn 11b$10K$10K$0$0
Accounting feesLn 11c$16K$0$16K$0
Office expensesLn 13$11K$285$11K$0
InterestLn 20$106K$106K$0$0
Depreciation, depletion and amortizationLn 22$198K$198K$0$0
InsuranceLn 23$81K$81K$0$0
Other expenses (24a–d)Ln 24$384K$384K$0$0
All other expensesLn 24e$84K$38K$46K$0
Total functional expensesLn 25$1.3M$1.0M$238K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.9M$1.6M$210K$1.9M 990 PDF
FY2023 Viewing $1.2M$1.3M−$67K$1.6M 990 PDF
FY2022 $1.5M$1.4M$153K$1.7M 990 PDF
FY2021 $1.2M$1.2M−$28K$1.6M 990 PDF
FY2020 $1.1M$1.1M−$12K$1.6M 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 (6 parts)
Part I · Summary $1,216,719 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $49,315$76,394
I-9 Program service revenuePrior year $1,053,395$1,130,723
I-10 Investment incomePrior year $442,520$9,602
I-11 Other revenue$0
I-12 Total revenuePrior year $1,545,230$1,216,719
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $367,401$393,871
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,025,149$889,735
I-18 Total expensesPrior year $1,392,550$1,283,606
I-19 Revenue less expensesPrior year $152,680−$66,887
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,216,719 across 6 lines filed
VIII-1f All other contributions, gifts and grants$76,394
VIII-1h Total contributions, gifts and grants$76,394
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$1,130,723
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$10,844
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business −$1,242 · Excluded from tax $0−$1,242
VIII-12 Total revenueRelated to mission $1,141,567 · Unrelated business −$1,242 · Excluded from tax $0$1,216,719
Part IX · Statement of functional expenses $1,283,606 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $136,545 · Fundraising $0$136,545
IX-7 Other salaries and wagesPrograms $208,962 · Management $15,060 · Fundraising $0$224,022
IX-8 Pension plan contributionsPrograms $584 · Management $0 · Fundraising $0$584
IX-10 Payroll taxesPrograms $19,305 · Management $13,415 · Fundraising $0$32,720
IX-11b Legal feesPrograms $10,311 · Management $0 · Fundraising $0$10,311
IX-11c Accounting feesPrograms $0 · Management $16,250 · Fundraising $0$16,250
IX-13 Office expensesPrograms $285 · Management $10,768 · Fundraising $0$11,053
IX-20 InterestPrograms $105,595 · Management $0 · Fundraising $0$105,595
IX-22 Depreciation, depletion and amortizationPrograms $197,940 · Management $0 · Fundraising $0$197,940
IX-23 InsurancePrograms $80,873 · Management $0 · Fundraising $0$80,873
IX-24 Other expenses (24a–d)Programs $383,700 · Management $0 · Fundraising $0$383,700
IX-24e All other expensesPrograms $37,733 · Management $46,280 · Fundraising $0$84,013
IX-25 Total functional expensesPrograms $1,045,288 · Management $238,318 · Fundraising $0$1,283,606
Part X · Balance sheet $5,801,550 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,746$13,537
X-2 Savings and temporary cash investmentsStart of year $489,638$262,632
X-4 Accounts receivableStart of year $988$40,102
X-9 Prepaid expenses and deferred chargesStart of year $44,273$51,312
X-10c Land, buildings and equipment, netStart of year $5,358,885$5,218,422
X-15 Other assetsStart of year $120,572$215,545
X-16 Total assetsStart of year $6,016,102$5,801,550
X-17 Accounts payable and accrued expensesStart of year $28,796$44,986
X-25 Other liabilitiesStart of year $43,993$17,493
X-26 Total liabilitiesStart of year $4,304,589$4,156,924
X-27 Net assets without donor restrictionsStart of year $1,711,513$1,644,626
X-32 Total net assets or fund balancesStart of year $1,711,513$1,644,626
X-33 Total liabilities and net assetsStart of year $6,016,102$5,801,550
Part XI · Reconciliation of net assets $1,644,626 net assets at year end
XI-1 Total revenue$1,216,719
XI-2 Total expenses$1,283,606
XI-3 Revenue less expenses−$66,887
XI-4 Net assets at start of year$1,711,513
XI-10 Net assets at end of year$1,644,626

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

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