2016-05-13T14:54:09-05:00 2015-12-31 010523282 Berry Dunn McNeil & Parker LLC PO Box 1100 Portland ME 041041100 990 2015-01-01 020475414 Families in Transition Inc FAMI 6036419441 122 Market Street Manchester NH 03101 Maureen Beauregard President 6036419441 2016-05-13 1 Barbara J McGuan CPA P00219457 2077752387 2016-05-13 2015 2016-09-27 15:27:22Z Maureen Beauregard 122 Market Street Manchester NH 03101 5401942 0 X www.FITNH.org X 1991 NH To provide safe, affordable housing and social services to families in need. 20 20 60 500 212139 -9642 3258143 2942597 2159754 2227923 96758 88041 65635 109894 5580290 5368455 0 570232 0 0 2360725 2168232 0 0 303960 2254184 1575003 4614909 4313467 965381 1054988 8552141 10309163 1923247 2625511 6628894 7683652 X To provide safe, affordable housing and social services to families in need. 0 1 3641338 570232 2227923 Housing and supportive services are provided to individuals and families who are homeless or at risk of becoming homeless. Directly owned properties at Spruce Street, Amherst Street and Douglas Street serve 26 individuals. Other indirectly owned properties in Concord, Manchester and Dover serve 556 individuals. An additional 34 individuals living in the community received supportive services. 3641338 1 1 0 0 0 0 0 0 0 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 60 0 1 60 1 1 1 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NH X Maureen Beauregard 6036419441 122 Market Street Manchester NH 03101 Karyn O'Neil Director 1.00 2.00 X 0 0 0 Susan Grodman Director 1.00 1.00 X 0 0 0 Deborah Brann Treasurer 1.00 1.00 X X 0 0 0 Trevor Arp Director 1.00 1.00 X 0 0 0 Dick Anagnost Chair 1.00 1.00 X X 0 0 0 Rev Gayle Murphy Director 1.00 2.00 X 0 0 0 Eric Demaree Director 1.00 1.00 X 0 0 0 Charla Stevens Vice-Chair 1.00 1.00 X X 0 0 0 Tracie Sponenberg Director 1.00 1.00 X 0 0 0 Colleen Karpinsky-Cone Secretary 1.00 1.00 X X 0 0 0 Alison Hutcheson Director 1.00 1.00 X 0 0 0 Emily Brown Past Director 1.00 1.00 X 0 0 0 Kristy Merrill Director 1.00 1.00 X 0 0 0 Kitten Stearns Director 1.00 1.00 X 0 0 0 David Donohue Past Director 1.00 1.00 X 0 0 0 Angela Whitcher Director 1.00 1.00 X 0 0 0 Sedra Michaelson Director 1.00 1.00 X 0 0 0 Peter Mennis Director 1.00 1.00 X 0 0 0 Mary Ann Aldrich Director 1.00 1.00 X 0 0 0 Alex Anagnost Director 1.00 1.00 X 0 0 0 Robert Bartley Director 1.00 1.00 X 0 0 0 Kriss Blevens Director 1.00 1.00 X 0 0 0 Maureen Beauregard President 35.00 5.00 X 134050 0 4485 134050 0 4485 1 0 0 0 Hutter Construction 810 Turnpike Rd New Ipswich NH 03071 Construction 660040 Margolin Consulting 110 Wibird St Portsmouth NH 03801 Consulting 104166 2 13253 1973230 956114 2942597 Thrift Store 453310 721821 721821 Property Mgmt Fees 541900 531817 531817 Rental Income 531110 255635 255635 Cleaning Company Reven 812900 212139 212139 Tax Credit Revenue 541900 192533 192533 313978 313978 2227923 96115 96115 8074 -8074 -8074 -8074 135307 25413 109894 109894 5368455 2015784 212139 197935 570232 570232 138535 138535 1651362 1433280 32761 185321 27731 27731 214201 172971 17171 24059 136403 109309 12835 14259 70689 70689 4979 4979 43815 43815 5997 1440 4557 41689 39891 852 946 149937 116900 15650 17387 57633 43781 6562 7290 161808 132748 22349 6711 50439 39675 5099 5665 8536 6454 986 1096 70928 70928 149230 113640 16860 18730 51748 30571 20682 495 VISTA Program 304123 304123 Daycare and Rental Subs 137927 137927 Repairs & Maintenance 106281 90266 7585 8430 Participant Expenses 60697 58243 2454 98547 70539 14437 13571 4313467 3641338 368169 303960 X 836315 875746 124818 60385 275758 302980 117456 130310 9217 8053 4253600 1220621 3065421 3032979 10661 10435 1195347 1195347 2917148 4692928 8552141 10309163 209485 228902 30383 260 1538741 2202146 144638 194203 1923247 2625511 X 6109180 7077470 519714 606182 6628894 7683652 8552141 10309163 1054988 -227 -3 0 X 0 1 X 1 1 1 X 2413209 2021427 2453258 3258143 2942597 13088634 1871332 1645143 2006748 2047013 2151091 9721327 4284541 3666570 4460006 5305156 5093688 22809961 0 0 0 22809961 97549 97133 96619 96758 96155 484214 97549 97133 96619 96758 96155 484214 4382090 3763703 4556625 5401914 5189843 23294175 0.97920 0.97780 0.02080 0.02220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 546782 546782 2905917 587179 2318738 16197 9467 6730 251787 215900 35887 532917 408075 124842 3032979 Investments in Family Bridge, LP 788972 C Investment in Bicentennial Families Concord 340000 C Investment in Brick Mill House 65275 C Investment in Tricorner Corp. 1000 C Investment in Family Willows 100 C 1195347 Accrued Interest Rec. on Related Party Notes 835018 Related Party Note Receivable 1725799 Development In Process 1699907 Deposits 1258 Replacement Reserves 39386 Due from Related Parties 337918 Reserve Cash Designated for Properties 53642 4692928 HANH Funds 90123 Due to Related Entities 98490 Security Deposits 5590 194203 X 5398611 -227 4970 25413 30156 5368455 0 5368455 4343850 4970 25413 30383 4313467 0 4313467 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 financial statements for the impact thereof. As of December 31, 2015 and 2014, 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. Part XI, Line 2d - Other Adjustments: Fundraising Expenses 25,413. Part XII, Line 2d - Other Adjustments: Fundraising Expenses 25,413. Fashion Show 101652 101652 503 219 11319 Wicked FIT Run 33655 33655 508 12864 135307 135307 503 727 24183 25413 109894 1 Family Willows Limited Partnership 122 Market Street Manchester NH 03101 205110344 12196 To provide affordable housing to families in need. Bicentennial Families Concord LP 106 Market Street Manchester NH 03101 510461044 29837 To provide affordable housing to families in need. Manchester Emergency Housing 11 Liberty Street Manchester NH 03104 020346334 501(c)(3) 50878 To provide affordable housing to families in need. Family Bridge Limited Partnership 122 Market Street Manchester NH 03101 161699042 47796 To provide affordable housing to families in need. Housing Benefits 122 Market Street Manchester NH 03101 260215059 501(c)(3) 421781 To provide affordable housing to families in need. 2 3 Part I, Line 2: Families in Transition oversees the accounting for all entities, and therefore has oversight over the use of grant funds in each entity. Form 990, Part III, line 3 FIT Cleaning Solutions ceased program services as of November 21, 2015. Form 990, Part VI, Section B, line 11 The Form 990 was prepared by the independent accounting firm. The 990 was reviewed in detail by the President and Chief Financial Officer prior to being presented to the Audit/Finance committee. An Audit/Finance meeting was held prior to the filing of the Form 990. At this time, the Form 990 was reviewed in detail and approved by the committee for submission to the Internal Revenue Service. Prior to filing the final form with the Internal Revenue Service, a copy was provided to all members of the Board of Directors. 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/Nominating Committee level and then reported to the Board. Form 990, Part VI, Section B, line 15a CEO compensation is determined by a performance review of the CEO by the Governance Committee in conjunction with an online, anonymous survey of the Board of Directors. To provide performance feedback, studies of comparable salaries of CEO's in the same geographic region with similar budgets are also done as part of the review process. The Governance Committee then makes a recommendation on the compensation to the Board of Directors, who votes on the change in CEO salary for the following budget year. Form 990, Part VI, Section C, line 19 The Organization makes its Form 1023 and 990 available upon request. Form 990, Part X, Line 10: Land, Buildings, and Equipment Section 1.263(a)-3(n) Election: Families in Transition 122 Market Street, Manchester, NH 03101 EIN: 02-0475414 Families in Transition, Inc. is electing to capitalize repair and maintenance costs under Regulation Section 1.263(a)-3(n). Family Outfitters 122 Market Street Manchester NH 03101 161638420 Thrift Store NH 738234 207908 Families in Transition Inc Housing Benefits 122 Market Street Manchester NH 03101 260215059 Housing Development NH 501(c)(3) Line 7 Families in Transition Inc 1 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 Inc 1 Manchester Emergency Housing 11 Liberty Street Manchester NH 03104 020346334 Provide housing for those in need NH 501(c)(3) Line 7 Families in Transition Inc 1 Family Willows LP 122 Market Street Manchester NH 03101 205110344 Rental NH Big Shady Tree Inc Related -14 1252444 0 1 0.00010 Family Bridge LP 122 Market Street Manchester NH 03101 161699042 Rental NH Second Street Family Mill Inc Related -22 1966057 0 1 0.00010 Bicentennial Families Concord LP 122 Market Street Manchester NH 03101 510461044 Rental NH Bicentennial Concord Inc Related -13 800910 0 1 0.00010 Millyard Families II LP 122 Market Street Manchester NH 03101 020521161 Rental NH Brick Mill House Families II Inc Related -10 726215 0 1 0.00010 0 1 0 1 1 0 0 0 0 1 0 1 0 1 1 1 1 0 0 Housing Benefits D 171243 FMV Housing Benefits L 225437 FMV Housing Benefits B 421781 FMV Manchester Emergency Housing B 50878 FMV