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

Lymes Elderly Housing INC

Tax-deductible

Old Lyme, CT501(c)(3)Since 1979HousingEIN 06-1001581

This page gets seen. Tell your story. Claim this org.

To provide low income, subsidized Elderly Housing.

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

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
0 of 6
filings with a surplus
Average deficit $47K a year · 17% of revenue · last 6 filings
Concern: a surplus in 0 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
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.3M
262% of total assets
Concern: liabilities are 262% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$300K
+4% vs prior year
Spent
$339K
To programs
82%
Net assets
−$799K
By yearFY2020–FY2025
Revenue
$300K
FY2025▲ +4%
Revenue by fiscal year
FY2020$250K
FY2021$272K
FY2022$268K
FY2023$264K
FY2024$287K
FY2025$300K
Expenses
$339K
FY2025▲ +9%
Expenses by fiscal year
FY2020$295K
FY2021$276K
FY2022$294K
FY2023$405K
FY2024$312K
FY2025$339K
Net assets
−$799K
FY2025▼ -5%
Net assets by fiscal year
FY2020−$567K
FY2021−$582K
FY2022−$619K
FY2023−$760K
FY2024−$759K
FY2025−$799K

From the FY2025 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1979.

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% · $279K Management & general 18% · $60K

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.

Part VII, Section A · reportable compensation
Vivian Senft
President
$0Pt VII · Sec A
William Archer
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Mary Lou Rice
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Michael Rice
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Holly Foster
Director
$0Pt VII · Sec A
See Lymes Elderly Housing INC executive salaries →

Are you one of these people? Claim this org to confirm your role

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

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

Lymes Elderly Housing INC is a housing nonprofit based in Old Lyme, CT, formed in 1979.

Provided by the organization

This section is blank until Lymes Elderly Housing INC claims this page.

Know this organization? Claim it to add your story

1 program service account for $279K of program spending, described in the organization's own filed words · FY2025.
01

Low income elderly HOUSING-24 units

$279Kprogram expense

Run this program? Claim this org to tell your story

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$300K
Ln 12
Fees for servicesLn 2g$300K
Investment incomeLn 3$22
Money outPt IX
$339K
Ln 25
Programscol B$279K
Managementcol C$60K
Owns and owesPt X
−$799K
net assets · Ln 32
Cash and savingsLn 1–2$59K
Total assetsLn 16$493K
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$300K
Investment incomeLn 3$22
Total revenueLn 12$300K
Assets in detailPt X, end of year
CashLn 1$59K
Cash and savings togetherLn 1–2$59K
Land, buildings, equipmentLn 10c$353K
Other assetsLn 15$74K
Total assetsLn 16$493K
LiabilitiesLn 26$1.3M
Net assetsLn 32−$799K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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$58K$59K
Land, buildings, equipmentLn 10c$394K$353K
Total assetsLn 16$530K$493K
LiabilitiesLn 26$1.3M$1.3M
Net assetsLn 32−$759K−$799K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$54K$48K$6K
Other employee benefitsLn 9$4K$3K$638
Payroll taxesLn 10$5K$4K$734
Management feesLn 11a$28K$28K
Accounting feesLn 11c$8K$8K
Office expensesLn 13$13K$13K
OccupancyLn 16$92K$92K$136
Conferences, conventions and meetingsLn 19$2K$2K
Depreciation, depletion and amortizationLn 22$45K$45K$455
InsuranceLn 23$689$689
Other expenses (24a–d)Ln 24$87K$86K$1K
Total functional expensesLn 25$339K$279K$60K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $300K$339K−$39K−$799K 990 PDF
FY2024 $287K$312K−$24K−$759K 990 PDF
FY2023 $264K$405K−$141K−$760K 990 PDF
FY2022 $268K$294K−$27K−$619K 990 PDF
FY2021 $272K$276K−$4K−$582K 990 PDF
FY2020 $250K$295K−$45K−$567K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $300,013 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $299,991$299,991
VIII-3 Investment incomeExcluded from tax $22$22
VIII-12 Total revenueRelated to mission $299,991 · Excluded from tax $22$300,013
Part IX · Statement of functional expenses $339,483 across 11 lines filed
IX-7 Other salaries and wagesPrograms $48,063 · Management $5,624$53,687
IX-9 Other employee benefitsPrograms $3,342 · Management $638$3,980
IX-10 Payroll taxesPrograms $3,850 · Management $734$4,584
IX-11a Management feesManagement $27,930$27,930
IX-11c Accounting feesManagement $8,420$8,420
IX-13 Office expensesManagement $12,903$12,903
IX-16 OccupancyPrograms $92,273 · Management $136$92,409
IX-19 Conferences, conventions and meetingsManagement $2,411$2,411
IX-22 Depreciation, depletion and amortizationPrograms $45,006 · Management $455$45,461
IX-23 InsurancePrograms $689$689
IX-24 Other expenses (24a–d)Programs $85,932 · Management $1,077$87,009
IX-25 Total functional expensesPrograms $279,155 · Management $60,328 · Fundraising $0$339,483
Part X · Balance sheet $493,480 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $58,205$59,345
X-4 Accounts receivableStart of year $11,480$7,387
X-10c Land, buildings and equipment, netStart of year $394,471$352,612
X-15 Other assetsStart of year $66,212$74,136
X-16 Total assetsStart of year $530,368$493,480
X-17 Accounts payable and accrued expensesStart of year $64,093$76,838
X-19 Deferred revenue$1,608
X-25 Other liabilitiesStart of year $57,440$58,968
X-26 Total liabilitiesStart of year $1,289,831$1,292,413
X-27 Net assets without donor restrictionsStart of year −$759,463−$798,933
X-32 Total net assets or fund balancesStart of year −$759,463−$798,933
X-33 Total liabilities and net assetsStart of year $530,368$493,480
Part XI · Reconciliation of net assets −$798,933 net assets at year end
XI-1 Total revenue$300,013
XI-2 Total expenses$339,483
XI-3 Revenue less expenses−$39,470
XI-4 Net assets at start of year−$759,463
XI-10 Net assets at end of year−$798,933

Form 990 e-file (XML) FY2025 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.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Export with similar orgs (CSV)
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

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.