Cmrs II INC FY2021 filing

Greenfield, NHUnknown exempt organization EIN 22-2540660Revenue $445K in FY2021Latest return filed Apr 7, 2023

On file with the IRScmf.org1 Verney Drive Co Crotched Mtn Fdn · Greenfield, NH

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The mission of CMRS II, is to develop and manage affordable housing for people with disabilities who are low and moderate income so they can be active members of their communities.

74¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $478K a year · 59% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
27 mo
of spending, in cash
Looks good: 26.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$363K
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 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
$445K
-2% vs prior year
Spent
$323K
To programs
74%
Net assets
$563K
By yearFY2020–FY2022
Revenue
$445K
FY2021▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2020$455K
FY2021$445K
FY2022$1.5M
Expenses
$323K
FY2021▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$348K
FY2021$323K
FY2022$327K
Net assets
$563K
FY2021▲ +28%
Tap a bar for its year
Net assets by fiscal year
FY2020$442K
FY2021$563K
FY2022$0

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2022) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2022.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $238K Management & general 26% · $85K

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

11 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President & CEO
$0Pt VII · Sec A
Past Chief Program Officer
$0Pt VII · Sec A
VP Finance
$0Pt VII · Sec A
Past Chief Administration Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Cmrs II 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Develops and manages affordable housing for low-income people with disabilities.

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Provided by the organization

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1 program · $238K · in their own filed words · FY2020
01

Expenses relating to the operation of the Courtyard Apartments, a HUD subsidized apartment complex in Manchester, New Hampshire, the occupancy of which is restricted to the people with disabilities.

$238Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$445K
Ln 12
Fees for servicesLn 2g$445K
Investment incomeLn 3$118
Money outPt IX
$323K
Ln 25
Programscol B$238K
Managementcol C$85K
Owns and owesPt X
$563K
net assets · Ln 32
Cash and savingsLn 1–2$719K
Total assetsLn 16$926K
LiabilitiesLn 26$363K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$445K
Investment incomeLn 3$118
Total revenueLn 12$445K
Assets in detailPt X, end of year
CashLn 1$86K
SavingsLn 2$633K
Cash and savings togetherLn 1–2$719K
Land, buildings, equipmentLn 10c$207K
Total assetsLn 16$926K
LiabilitiesLn 26$363K
Net assetsLn 32$563K
OperationsPt I, VI
EmployeesI 52
VolunteersI 66
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$613K$719K
Land, buildings, equipmentLn 10c$216K$207K
Total assetsLn 16$828K$926K
LiabilitiesLn 26$387K$363K
Net assetsLn 32$442K$563K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$71K$31K$41K
Other employee benefitsLn 9$5K$5K
Payroll taxesLn 10$5K$5K
Management feesLn 11a$20K$20K
Accounting feesLn 11c$7K$7K
Other fees for servicesLn 11g$31K$31K
Office expensesLn 13$5K$5K
OccupancyLn 16$87K$87K
TravelLn 17$554$554
InterestLn 20$17K$17K
Depreciation, depletion and amortizationLn 22$27K$27K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$39K$38K$1K
Total functional expensesLn 25$323K$238K$85K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 LatestFiled with the IRS Apr 7, 2023 $1.5M$327K$1.2M$0 990 PDF
FY2021 ViewingFiled with the IRS May 11, 2022 $445K$323K$122K$563K 990 PDF
FY2020Filed with the IRS May 13, 2021 $455K$348K$107K$442K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $444,782 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $550$0
I-9 Program service revenuePrior year $449,212$444,664
I-10 Investment incomePrior year $4,840$118
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $454,602$444,782
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 $85,394$82,332
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $262,391$240,786
I-18 Total expensesPrior year $347,785$323,118
I-19 Revenue less expensesPrior year $106,817$121,664
Part VI · Governance 7 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $444,782 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $444,664$444,664
VIII-3 Investment incomeExcluded from tax $118$118
VIII-12 Total revenueRelated to mission $444,664 · Unrelated business $0 · Excluded from tax $118$444,782
Part IX · Statement of functional expenses $323,118 across 13 lines filed
IX-7 Other salaries and wagesPrograms $30,628 · Management $40,846$71,474
IX-9 Other employee benefitsManagement $5,435$5,435
IX-10 Payroll taxesManagement $5,423$5,423
IX-11a Management feesManagement $19,872$19,872
IX-11c Accounting feesManagement $6,750$6,750
IX-11g Other fees for servicesPrograms $30,531$30,531
IX-13 Office expensesManagement $5,361$5,361
IX-16 OccupancyPrograms $87,012$87,012
IX-17 TravelPrograms $554$554
IX-20 InterestPrograms $16,979$16,979
IX-22 Depreciation, depletion and amortizationPrograms $27,197$27,197
IX-23 InsurancePrograms $7,084$7,084
IX-24 Other expenses (24a–d)Programs $38,016 · Management $1,430$39,446
IX-25 Total functional expensesPrograms $238,001 · Management $85,117 · Fundraising $0$323,118
Part X · Balance sheet $925,870 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $85,154$85,850
X-2 Savings and temporary cash investmentsStart of year $527,453$632,675
X-10c Land, buildings and equipment, netStart of year $215,809$207,345
X-16 Total assetsStart of year $828,416$925,870
X-17 Accounts payable and accrued expensesStart of year $150,155$209,235
X-25 Other liabilitiesStart of year $7,611$7,882
X-26 Total liabilitiesStart of year $386,873$362,663
X-27 Net assets without donor restrictionsStart of year $441,543$563,207
X-32 Total net assets or fund balancesStart of year $441,543$563,207
X-33 Total liabilities and net assetsStart of year $828,416$925,870
Part XI · Reconciliation of net assets $563,207 net assets at year end
XI-1 Total revenue$444,782
XI-2 Total expenses$323,118
XI-3 Revenue less expenses$121,664
XI-4 Net assets at start of year$441,543
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$563,207

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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