2023-09-25T08:15:26-05:00 2022-12-31 010523282 Berry Dunn McNeil & Parker LLC 1000 Elm Street 4th Floor Manchester NH 03101 990 2022-01-01 260215059 Housing Benefits HOUS 6036419441 122 Market Street Manchester NH 03101 Maria Devlin CEO President/CEO 6036272636 2023-09-21 1 Maria Devlin CEO 999009999 1 Barbara J McGuan CPA P00219457 6036697337 2023-09-21 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Maria Devlin 122 Market Street Manchester NH 03101 3609406 0 X N/A X 2009 NH Purchase and development of transitional and low-income housing. 7 7 19 8 0 0 1210107 1349165 1576470 2124216 -1498 4758 189974 131267 2975053 3609406 0 0 0 0 887845 768734 0 0 251174 2969160 3677273 3857005 4446007 -881952 -836601 19848686 24938003 13861820 18660479 5986866 6277524 Purchase and development of transitional and low-income housing. 0 0 3813129 2124216 Transitional and low-income housing. 3813129 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 24 0 1 19 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 NH X Daniel Kern 6037827254 122 Market Street Manchester NH 03101 Heather Whitfield Chairperson 1.00 1.00 X X 0 0 0 Brian Hansen Secretary 1.00 1.00 X X 0 0 0 Chad Campbell Director 1.00 1.00 X 0 0 0 Samantha Dove Director 1.00 0.00 X 0 0 0 Richard Goulette Director 1.00 0.00 X 0 0 0 Liz Isabelle Director 1.00 0.00 X 0 0 0 Josh Reap Director 1.00 0.00 X 0 0 0 Jessica Morin Past Treasurer 1.00 0.00 X X 0 0 0 Maria Devlin President/CEO 9.00 31.00 X 0 182051 18501 Lisa Allard Past CFO 14.00 26.00 X 0 95139 19347 Kumar Ampapathini Interim CFO 14.00 26.00 X 0 33750 0 0 310940 37848 0 0 1 1 Hutter Construction 810 Turnpike Rd New Ipswich NH 03071 Construction Service 1240163 Families in Transition 122 Market Street Manchester NH 03101 Management Fees 903571 Denron Plumbing and Heating 605 Front St Manchester NH 03102 Plumbing Service 197361 3 1299165 50000 1349165 Tenant Rent 531110 2011003 2011003 Laundry/Vending/Misc 531110 113213 113213 2124216 4758 4758 Cancellation of Debt 531110 131267 131267 131267 3609406 2124216 0 136025 699324 559458 83919 55947 8577 6862 1029 686 60833 48666 7300 4867 903571 903571 15789 12631 1895 1263 56200 44960 6744 4496 5342 4274 641 427 15935 12749 1912 1274 6050 4840 726 484 845777 727251 71115 47411 8499 6799 1020 680 223880 179104 26866 17910 959575 767660 115149 76766 151367 123387 18164 9816 Repairs & Maintenance 360329 288264 43239 28826 Condo Fees 73299 73299 Miscellaneous 50170 49354 495 321 Loss on Disposals 1490 1490 4446007 3813129 381704 251174 X 217763 420828 766092 822618 24300 36095 33690 55528 33935437 10418996 18755158 23516441 25051 25051 26632 61442 19848686 24938003 621695 1061515 13859 28938 11469516 15269826 1756750 2300200 13861820 18660479 X 5986866 6277524 5986866 6277524 19848686 24938003 X -836601 1127259 X 0 1 X 1 0 X 878870 2235252 1136679 1210107 1349165 6810073 878870 2235252 1136679 1210107 1349165 6810073 6810073 6738 11283 4761 1965 4758 29505 59455 51565 58707 169727 131267 131267 131267 131267 131267 656335 7665640 7780907 0.88840 0.89320 X Schedule A, Part II, Line 10, Explanation of Other Income: Cancellation of Debt - 2018 Amount: $ 131,267. 2019 Amount: $ 131,267. 2020 Amount: $ 131,267. 2021 Amount: $ 131,267. 2022 Amount: $ 131,267. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2156248 2156248 30791875 9661929 21129946 604787 422344 182443 382527 334723 47804 23516441 Tenant Security Deposits 48768 Due to Affiliates 2251432 2300200 X Part X, Line 2: The standards for accounting for uncertainty in income taxes require the Organization to report any uncertain tax positions and to adjust its consolidated financial statements for the impact thereof. As of December 31, 2022 and 2021, the Organization determined that it had no tax positions that did not meet the more-likely-than-not threshold of being sustained by the applicable tax authority. The Organization files an informational return in the United States. This return is generally subject to examination by the federal government for up to three years. 0 0 0 0 0 0 0 0 0 Maria Devlin President/CEO 0 182051 0 0 0 0 0 4523 0 13978 0 200552 0 0 Form 990, Part VII, Line 5: Families in Transition, a related organization, paid TechCXO, an unrelated organization, $33,750 for services provided by Kumar Ampapathini as Interm CFO to both organizations during 2022. Families in Transition is not able to determine the compensation paid to Kumar Ampapathini, only the amount paid to TechCXO. Form 990, Part VI, Section A, line 6 The Members of the Corporation shall be those persons serving from time to time as its Board of Trustees. The Board of Trustees of the Corporation will report to the Board of Trustees of its parent corporation, Families in Transition. Form 990, Part VI, Section A, line 7a The Board of Trustees shall elect, from their own membership, a Governance Committee for the nomination of Trustees and officers of the Corporation. Upon nomination the Trustees and Officers must be approved by majority vote of the Board of Trustees. Form 990, Part VI, Section A, line 7b A quorum must be present in order for the Board of Trustees to vote to approve governing decisions. Form 990, Part VI, Section B, line 11b The 990 is reviewed by the CFO and President before presenting to the Treasurer of the Board of Directors of its parent corporation. The Treasurer of the Board of Directors, who is also the Chairperson of the Audit/Finance Committee, reviews the 990 before submission to the IRS. Form 990, Part VI, Section B, line 12c Board Members sign a conflict of interest statement upon joining the Board. The Board members must report to the Board any conflicts that occur during the course of business throughout the year. Any potential conflicts would be discussed at the Governance Committee level and then reported to the Board. Form 990, Part VI, Section C, line 19 All organizing and operating documents are available to the public upon request. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.253(a)-3(n) Election: Housing Benefits, Inc. 122 Market Street Manchester, NH 03101 EIN: 26-0215059 Housing Benefits, Inc. is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Form 990, Part XI, line 9: Transfer of Equity resulting from dissolution of Limited Partnership 1,162,622. Member Distributions -35,363. Form 990, Part XI, line 9, Change in Net Assets: During 2021, Family Bridge reached the reached the end of its initial 15-year low-income housing tax credit compliance period. As a result, effective August 31, 2021, the unrelated outside partners, withdrew from the Partnership and transferred their ownership interest to Housing Benefits, Inc. In January 2022, Second Street Family Mill, Inc., the general partner, transferred its ownership interest in the Partnership to Housing Benefits. As a result, all assets and liabilities of the Partnership will have been assumed by Housing Benefits, dissolving Family Bridge as a limited partnership. HB-AH LLC 122 Market Street Mancheser NH 03101 832472599 Rental NH 358774 1474668 Housing Benefits Families in Transition 122 Market Street Manchester NH 03101 020475414 Transition Housing NH 501(c)(3) Line 10 N/A 0 New Hampshire Coalition to End Homelessness 122 Market Street Manchester NH 03101 020526212 Awareness of homelessness issues in NH NH 501(c)(3) Line 7 Families in Transition 0 Family Willows LP 122 Market Street Manchester NH 03101 205110344 Rental NH Big Shady Tree Inc Related -18890 2638174 0 0 0.99990 Bicentennial Families Concord Inc 122 Market Street Manchester NH 03101 510461048 Rental NH Housing Benefits C 1.00000 1 Brick Mill House Families II Inc 122 Market Street Manchester NH 03101 020521165 Rental NH Housing Benefits C 1.00000 1 Big Shady Tree Inc 122 Market Street Manchester NH 03101 205109693 Rental NH N/A C 0 Second Street Family Mill Inc 122 Market Street Manchester NH 03101 161699036 Rental NH N/A C 0 Wilson Street Condominium Association 1662 Elm Street 2nd Floor Manchester NH 03101 301079078 Condo Association NH N/A C 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 1